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I don't know the answer, but this site might help with the question of whether or not the student health insurance is minimum essential coverage, or might help you to determine the follow up questions to ask your client about the particular student policy and its coverage. http://www.acha.org/Topics/Affordable_Care_Act/FAQs_for_IndividualCoverageClassification.cfm#Q2 Also, there is an exception to the penalty for a gap in coverage of up to 3 months. With these in mind, it might be that your client won't have a penalty, but you have to ask the questions about that student insurance.

It might be covered under Circ 230, sec 10.22 Diligence as to Accuracy. It doesn't specifically mention needing the actual W-2 though, and a return can be prepared after a certain date (I think it's 2/15?) by filing form 4852 if a W-2 can't be obtained from the employer. These pertain specifically to e-filed returns, and there is similar language somewhere for paper-filed returns as well. Page 46 of pub 1345 - A Provider must not advertise that individual income tax returns may be electronically filed prior to the Provider’s receipt of Forms W-2, W-2G and1099-R, as the Provider is generally prohibited from electronically filingreturns prior to receipt of Forms W-2, W-2G, and 1099-R. Advertisements must not imply that the Provider does not need Forms W-2, W-2G and1099-R, or that it can use pay stubs or other documentation of earnings to e-file individual income tax returns. Form 14157 - Complaint: Tax Preparer has a check box for E-file complaints that includes "(e-filed returns using pay stub, non-commercial software or Free File without properly securing taxpayer's)" and page 3 of that form's instructions: E-File A preparer: Filed a return electronically using a last payroll stub or a leave and earnings statement without waiting for the official Form W-2 from the employer. Return preparers are generally prohibited from filing a return prior to receipt of Forms W-2, W-2G, and 1099-R. Used non-commercial software to prepare returns that appear self prepared by the taxpayer and is not including his or her name, PTIN, or firm name. Similarly, the preparer used the “Free File” program to prepare and file tax returns for clients. For more information on Free File, visit www.irs.gov/freefile. - Filed a return electronically without securing taxpayer’s signature on Form 8879 (e-File Signature Authorization).

PLEASE NOTE, to try to get this topic back to its subject of using Turbo Tax Online without a hijack of it going into a discussion about a totally different product, and to give the ATX-partnered product a full discussion its own, I've started a new topic and moved a post with questions about it. Thanks. Here's a direct link to that topic: ATX with Toll-Free Tax Infoline Plus (TFTI+)

I moved MAM's post above and started this discussion to avoid further hijacking of another topic. This add-on product that ATX offers keeps your clients informed on the status of their tax return and refund through automatic text messages and e-mail alerts. See the quote below for a link to that product's page.

I'm using Word 2010 but the envelope function should work the same. When I prepared the envelopes I currently have as a saved doc, I went to the block where the return address is entered and used the "enter" key to space down a few spaces until I was down to where I wanted the phrase to appear. I used large capitals in bold and split the phrase into 2 lines so it didn't run over into the name or mailing address. If you've already saved the envelope, you can add the phrase by clicking at the end of the last line of the return address and doing the same thing - space down.

Well it's working for me in IE11 now but Firefox doesn't display the premiums. It goes to a page within the Marketplace having links to the 8965 and big buttons near the top to print or save as a pdf, and clicking those causes an error on the page with no other display, and that is totally different than when I tried it before. My Firefox settings must be blocking the premiums being displayed. At least I can get to the information with the other browser.

I agree with Ron that those payments are part of the purchase price and you have an installment sale. Since you won't know the final price until the end, you'll have an adjustment of the final price in the last year. Is there a limit on the number of years these payments will continue, or was 2014 the only year? One reason a sale may be structured like this is because the purchaser will not want to pay full price if customer retention could be an issue, but may not be the case here since it is a son that presumably worked in the business.

Agree with both of you. If the realtor received a 1099 for commission he didn't received, he should either take that issue up with whatever entity paid him to have the form corrected, or he should report the gross amount and take the discount as a business expense. The discount he allowed your client in no way falls within the definition of any payment that would require the issuance of a 1099 to your client. That doesn't even make sense.

Easytax, have you been successful using that link on the Marketplace? I tried to plug in some hypothetical facts there when someone first linked to it and again just now, and I keep getting a message that my family information is incomplete, to go back and edit the entries. Maybe it is something specific only to DE or the particular zip code that I used that isn't working; I didn't try any others. Anyone else having luck?

Eric, many have offered their services, and if you don't feel the need or comfort for all that would entail, please know that we would also be happy to help with any questions you may have.

Lion, it looks like you are doing work there while still being orderly. Many years ago when I worked for a firm, I kept everything cleaned up and put away in my file cabinet all the time except for the thing I was working on, and more than a few times I was asked if I really did much work or was busy because it was too neat and tidy! That habit came early in my career because I once called a client's wife for additional documents, a doctor's wife, that accused me of losing some of their office's pension plan statements. Later she admitted that she found them at her home and brought them in, but she never apologized to our office or for blaming me, and she knew her accusation almost cost me my job.

*grabby hands*

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.