jklcpa

Dependents should not check the box or file 8965, but I suppose the error checking could be programmed to accommodate that scenario. Perhaps that is why it was left as a yellow cautionary warning that still allows e-filing.

This is actually the most correct answer to the original question. The W9 will tell you whether you have to consider issuing a 1099 and also taking into consideration the amount paid. If the amounts paid include services and merchandise, the total of all payments is reported and it is then up to the recipient to report the components of that income in the proper manner. I did not look this up but would venture that this air time is not merchandise and is more in line with advertising services similar to yellow pages advertising where the payor isn't purchasing the book that the advert is published in, the payor is having the ad published and distributed.

Oh dear, no! I am so very, very sorry Naveen! Reading this has the tears rolling for you and your wife. I have not been in your situation, but my husband battled cancer 12 years ago and survived. When we heard his diagnosis and the slim chances he had for remission, I did mentally say goodbye in some ways, and it was so hard to think about in those early months of his treatment. I'm sorry that I don't have any words of wisdom for you except to trust that this is truly what your wife wanted if that is the path, be kind to yourself, and rely on family and friends as much as you can for emotion support. If there is anything that I can personally help you with, please don't hesitate to ask.

Check rev proc 2015-13 for its effective date on pg 89-90 and rev proc 2015-14 on page 373. Both have dates for fiscal years on or after 5/31/14, and look like those apply to form 3115 filed after 1/16/15, but 2015-13 also has some other transitional dates. Have these been officially released yet? I can't find them directly on the IRS site, and KPMG posted links to these two rev procs on their site on 1/16 saying the IRS released advanced copies of them. I am in a slight panic over this because I have a 5/31 fiscal year C corp on extension that is due 2/15 and need to get this finished. It is also a review financial statement that will require disclosure of changes.

Funnier yet was my other SIL's first time using the box. She could not figure out that the front's top portion is a hinged door because it looked like all one piece that included that bottom locked part. She's very intelligent but without too much common sense, and she decided that there MUST be a slot somewhere on the back. So where did she put her envelope of documents? She stood in my flower bed and found a small 1/2" gap between the bottom of the box and its mounting plate for the post!!!! We both laughed when I showed her the little hinged door on her next visit. I never envisioned having to instruct smart adults on how to use a mailbox!

All great advice so far. I'll add that you should also consider finding some way for clients to drop of documents without having to see you. The drop box I installed has cut down on some appointments, and it's convenient for those locals to return the e-file signature forms. It's definitely freed up time that I've been able to work on returns more efficiently during the day without those pesky interruptions. My vent is about that very same drop box and the one business client that is supremely annoying with it. I've been getting her papers around the same time each month for the last 16 years, and she calls to announce the impending delivery even though I can see the driveway from my desk and the dogs bark when they hear the car pull in. She puts a red flag up, and then about an hour later she calls to make sure I retrieved the papers. If I don't answer or call back, she might drive back later to see if the flag is up because she's only a couple of doors down from me. If flag is still up she calls again later. I've told her every. single. time. that I check that box twice a day and all of this is NOT necessary and to NOT put the flag up. I am ready to rip that stupid red flag off the box! What did I do with it instead? I've left it in the "up" position all month to aggravate her so that she'd tell me I had papers to retrieve and ask why I hadn't gotten them yet. I told her the box was empty, and when she asked why I'd left the flag up, I simply smiled and said "because I wanted to." Best part of all, this is my sister-in-law that complains about everything, just everything, and there was total silence. Not a peep, and all of this nonsense has stopped for now... until her next major area of dissatisfaction.

It depends on your purchase date and whether or not you've activated or filed any returns. I've sent you a PM here on this forum with the refund section of the license agreement and the contact phone numbers. I would call Drake first thing in the morning, explain your situation, and ask if you would be able to recoup your purchase price. I'm sorry to hear about your wife's illness, and I hope that she will recover and regain her full health.

^ Exactly. The only premium that we don't need a location for is that of the national average bronze plan available through the Marketplace. That amount is $204 per month ($2,448 annual basis) and is one small part of the calculation for the shared responsibility payment in a worksheet for form 8965.

If you are asking about the Paperless Plus offered by CCHSFS, here's its description on the products page. It is included in the Total Tax Office and the Client Accounting Suite bundles, would be an add-on in the others, and is supposed to integrate with all of the CCHSFS products. It is a document storage program that acts like a filing cabinet for saving and organizing client returns and other documents. The video on the page I linked to gives an overview of its features and benefits, and highlights of using some of those functions.

More information is needed before an accurate answer can be given. What type of IRA is this 1099-R for and what is the code in box 7? Is box 2a filled in with a -0- or is it blank? Any boxes checked in 2b? If it is an IRA with taxpayer having basis, you would need to fill in the 8606 for ATX to carry the correct amount to line 15b. Roth IRA also might need the 8606 filled in to arrive at the correct answer.

So that we are all totally clear and for this topic to not mislead anyone since the second paragraph of SaraEA's original post that started this topic did not specify whether she was referring to the calculation of the SRP or the PTC, the code does have a variety of ways for calculating MAGI depending on the particular area we are working with. Jack challenged me to provide definition of MAGI for the Shared Responsibility Payment (SRP), and I did that by providing sec 5000A, because that is the section of the code for the SRP. In dealing with the Premium Tax Credit (PTC), IRC 36B covers that and has a definition of MAGI found in §36B(d)(2)(B ). Still, in general and for purposes of the PTC, if the dependent is not required to file a return then that dependent's MAGI is not included for the the purpose of the PTC either. HOWEVER... HOWEVER, because there's always a "but" right(?), ... if parent(s) elect to include a dependent's income via form 8814, then that dependent's T/E interest and non-taxable social security would need to be included to properly calculate the PTC. 8962 instructions in the section "Who Can Take the Premium Tax Credit" under Modified AGI: Taxpayer’s tax return including income of a dependent child. A taxpayer who includes the gross income of a dependent child on the taxpayer’s tax return must include in modified AGI the child’s tax-exempt interest and the portion of social security benefits that is not taxable And there's this little blip beneath worksheet 1-1 for use in calculating taxpayer MAGI of those instructions: If you are filing Form 8814 and the amount on Form 8814, line 4, is more than $1,000,you must also include on line 1 of this worksheet the tax-exempt interest from Form8814, line 1b; the lesser of Form 8814, line 4 or line 5; and any nontaxable social security benefits of your child. Just to muddy clarify things a bit. Here's a link to 36B for anyone that needs to read that definition: http://www.law.cornell.edu/uscode/text/26/36B

I'm operating on less than my usual amount of sleep, and reading that today feels like it's written in some alien language!

Origami! Thanks, Lion. I will never be bored stuffing those envelopes ever again. Seriously, like Lion, I do very few and use regular business envelopes, and also put the phrase "Important Tax Document Enclosed" on it when I address them.

Beyond what's already been said, if I needed specific help from someone on clergy issues, the member on here that I would contact would be MAMalody. His entire practice is clergy work and nothing else. Here is a >great thread where he talks about parsonage, see post #6 in that topic and maybe that will help you some too.

Gail, yes it is. Directly above enable emoticons I have "manage poll topics" with the ability to add questions if I click on it. That must not be available for the general population once a topic has started. Thanks for confirming.

Easytax, try clicking "more reply options" and look to the right side of the page. Do you see a place to add a poll there? I can see it and add a poll, but not sure if everyone else can see that. Someone could always start a new topic, in the private section of course, to ensure that that topic isn't the first item that appears in a google search associated with our names. *cough* Eric *cough*

I received an e-mail Quick Alert today about the reduced hours of operation and holiday closures for the e-help desk for tax professionals too.

Me too. I rarely have to call in, but it did work for me with the IRS ... once.

KC, perhaps what I intended was misunderstood or was lead astray toward politics by the first reply made in this topic, so I'll try to explain what I was going for. In two other topics, Jack from Ohio posted responses that are related to these changes at the IRS and did so without involving politics. One was about his contemplation on the reduced telephone support, and the other about how he expects more computer-generated audits due to these changes at IRS. Here are quotes of Jack's statements: To further explain what I'd hoped to discuss, here are some other examples: For those that rely on telephone support, will you change anything? Call less often, or still call and stay on hold? Bill the extra time? Put the call on speaker while working on something else and not bill beyond what seems reasonable? Rely on other sources for answers? I know that at least one person has mentioned her reliance on telephone support in the past, so I didn't think it would be a stretch to discuss that. For those clients filing paper returns, what will you tell them about processing or refunds? For those that handle a lot of audit work, what will you be telling clients about timing and expectations? Has this changed your expectation of receiving favorable outcomes? Will your preferred method of contacting IRS change from calling to written correspondence now that both will have longer delays? How will you answer clients when asked for a time frame to expect a response or resolution of a problem? Or, do you see this as not having much of an impact and will slog through it, or because there are much bigger worries practitioners are facing in preparing the returns this season? I'm very sorry if anyone still thinks those ^ areas are too extreme to comment on , if the topic has caused a ruckus, or if it has made anyone too uncomfortable to respond. For my own practice, if I must call in I will be putting the call on speaker while continuing on with other work, and I will bill for only the time speaking with an agent and not for any extended hold times. In general, I prefer written communication when dealing with the IRS. If any returns are filed with refunds where credits may be questioned, I'll be alerting clients that delays in receiving refunds are a possibility.

It's great to see you back on here, Ron!

Oh dear! Deb, I'm sorry to hear about your eyesight and glad I could help, if only in this small way.

According to MyATX, Fed Sch A is still a draft version with an estimated approval date of 1/19.

I leave some content unposted as well. One nice feature on this forum that I use regularly is to restore unposted content via the auto save function. Very handy.

Yes, that is correct. If the penalty applies for less than a full calendar year, it is prorated to 1/12 of the annual penalty for each month without coverage.

Nothing new for DE for 2014, so the count is down to 44, or less if we take out those states that don't have an income tax return to file. The better research programs should have a section that includes each state's instructions that generally include "What's New" that is a good place to start when handling those state returns we do infrequently.