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Everything posted by Pacun
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Besides charging upfront 50% if you are on your 60s, 75% if you on your 70s, and 100% if you are 80 or above... I am planning to close my office for two weeks after Tuesday. In the meantime, I will wash my hands constantly and have the people sit 6 feet away from my desk, along with other precautions.
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If you know what line 21 was a few years ago, you will find it on the new form. I know it is not line 21... hence the quotes. Line 7a on the new 1040.
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Report it as taxable income on Line "21" or "other income. Report as non-taxable income on form 982.
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What kind of immigrant or non-immigrant documents do your "possible clients" have?
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What don't you try this: Make your default printer a pdf printer and select the printer each time you print. Do it for a couple of days and see if it makes a difference.
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The airline feels that you owed them that money and that if you don't want to go Italia, it is your problemo. So, if they have rights to that money, they will refund it to you but it will be cancellation of debt and they will issue a 1099-C and therefore the word "taxable" is coming into play. That's what I think.
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Create the file and save as and select csv as the "save as type".
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I think you start with Schedule D and then go to the "sale of primary residence" then it will take you to form 8949. After you enter the info, the exclusion will be transferred to the front of Sch D. Since your client lived in the house prior to renting it, you don't have "non-qualified days".
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I guess I continue to be lucky. I have never had any ATX issues and I have only closed and restarted the application a couple of times in the past 10+ years. I do shut down everyday and barely ever I open two clients at the same time. Also, I never add another program or application to help ATX and I only use my computer for work. Last year my Windows 7 machine took about 15 minutes from the moment I pressed the power button until the time I could input data on ATX... changing to Windows 10, 16G of RAM and SSD has changed those 15 minutes to less than 2 minutes.
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I want to add this for everybody.... the most secured computer is the one that is encrypted and shut down. Please make sure you secure your computer by shutting it down everyday.
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You seem to have two clients opened. I have never seen a computer with 16 processors, so I will assume that's a typo. If I am not mistaken, they are making your page file bigger and if you have 64G of RAM, that will make the computer slower. I would go to msconfig click on start up and disable every single entry there. Also, look on your startup folder and take out anything that starts automatically. My last advice would be to get another computer for your personal entertainment or communications and use this one as a tool.
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If you file a partnership return, in 2 years you will have wedding or a liquidation of a partnership. Both events are not partnership friendly so why don't you just give her a 1099-misc?
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I would check the 1098 -T they got the previous year. If that amount was included on that, you can use the portion that was for 2019 tuition when claiming this year's credit... provided they didn't use that money to claim AOTC last year.
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Charge for each W2G and input each of them. Count them all and label them accordingly. One of my clients brought 27 of them and I labeled them 1/27, 2/27, 3/27, 4/24.... 27/27. My client lost a lot of money and blamed it on his friend. Am I wrong to assume that he also lost one of the W2G and will blame it on me when the IRS sends him a letter?
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Don't supercede returns... that's the advice from the IRS... use 1040X because once a second return is received the case is looked as if a fraudulent return was filed.
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Again, you have to see what disability she has.
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I would file the return with the other two kids and get the refund. Then amend the kids and then you can file a completed return after all the other obstacles have clear.
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That happens when you don't enter the date of birth of the taxpayer, you have not selected a filing status, or you have an entry (character) on the second line of 1040 reserved for the spouse. If you do have an entry, restoring will not do the trick.... you will have to remove that character or entry.
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Let's say that I have a daughter that lives with me in the Pacun tower. If I claim her as my dependent, medicare would request my taxes. If I don't list her as my dependent, they will not ask for anything and she would qualify for the benefits without any questions asked. It seems to be legal not to claim someone as a dependent and therefore the famous phrase on the rules that reads: "if a parent can claim the exemption and chooses not to do so, no one can claim the exemption for that child". In this case, parent chooses not to claim the exemption for the "child" and no one else is claiming it.
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Interesting question. I would just calculate the depreciation for 2 month and manually add it to 8825. It seems that this property will never be rented the whole year and each year you will have hard time calculating depreciation if you enter the asset.
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If the house was gifted to the daughter, the death of the donor has no bearing on the property.
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Have you donated to this forum lately? It is never too late for a token of appreciation for the upkeep of this site.
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Good answers that's why this forum is the best. I believe it is time to donate some money to this forum.
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Why don't you look at her disability.... who knows maybe the mother claimed her last year and lived with the father.
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I said natural disasters, no man made. It is interesting that I was not asked anything about anything when I withdrew the money. Can someone change my title from withdrew to withdrawn.