Pacun

I do it backwards, I thank them for their business and then I show them the door.

This is a good idea. If a child needs to file a return but he/she will be claimed on parents return, now matter how easy his/her return is, DONT FILE IT FIRST. File the parents return first and when it is accepted by the IRS, then file the child's. If a child has been claimed by his/her parents and now he has to file his own return and will not be claimed on parents' return any more, file his return FIRST and then file parents. This is very important especially if a new dependent will take his/her place. A lot of times, if you don't save and close the return, ATX insists on keeping the old SS#. As you know an incorrect social security number on a family return is devastating because the last name is the same. Another good idea is to keep in my records, enough W-2s and other records to file a paper return. Normally, I keep both the federal and state copies of the W-2 if the return is rejected and I must paper file it, I print out the forms, sign them and prepare the envelopes and I ask the client to come and sign and mail them. The client only spends 5 minutes in the office. How about your good practices or experiences?

Yep, that happens a lot.

So you have a court document that reads: "children will slept at father's home 4 days a week" and then he wants to get IEC based on that paper, you should be OK with it, right? According to the paper the children will sleep at the father's house more than 200 days and less than 165 with the mother. Well, guess what, that paper is meaningless and you have to ask "how many nights did the children sleep with each parent". If the only document you have it that "famous" court paper, you document your answers and you don't need to rely on any documents but you have to rely on the testimony of the person. Now if you don't trust the person giving you the answers, then you don't prepare his/her taxes. Isn't that what we are supposed to do when we don't trust the client?

It is a hobby and that will be a more conservative approach. Why don't you just leave it at a hobby? I believe the IRS cares more when people are having hobbies and filing as businesses. In this case, it is the other way around and the IRS will never care.

What does "decided" mean? Does it mean she did put money on the IRA or does it mean she is considering it? If she did it, and now you want to move it a Roth IRA, you will have to file a corrected 1040 or amend. If she has not put any money yet and she puts it on a Roth IRA, there is nothing needed to be done on the return.

MAS When someone gets a 1099-misc and the preparer has a clear cut that this person was an employee, the preparer can add the 1099-Misc to line 7. In this case, the employer should get a letter from the IRS and the employee would be fired. So before adding a 1099-misc to line 7, we should ask how much they love that job and don't assume that the employee prefers line 7 or Sch C/SE.

Did he ever lived in the Condo? I think this is a personal residence and if he is insolvent, file 982 to include both 1099-C. Remember to report the sale on Schedule D and form 8949.

I had to edit my answer. No HOH for mother and she cannot claim the child as her dependent but it seems the mother qualifies for EIC.

I think you are going to exclude his income because he was in that country for the whole year, correct? Plug in the global income and see what happens. Correction: I just realized that the taxpayer was in the states all year, so he must report the dividends whether or not they will be reported to the IRS by the institution.

So, the house was appraised at 218,100 and then client sold it for a profit of $65,000 and on top of that client got $53,100 from the insurance company. Is that correct? if yes, you forgot to mention if your client lived in the house and blabla.

I guess last year I only sent them by mail.

Ask where the children slept those 365 days in 2013. Why do you bother with custody papers if they are meaningless for EIC? What I do is ask the questions and write down the answers for my records.

I used to submit a W-2 which my client gave to his Nanny but now I am asked for "A valid Submitter's User ID number must be entered. How quick can I get that? Do you have a link or do I have to mail a form/

What error message are you getting? When do you get it? 1.- Reboot 2.- If problem persists, then close IE and change your default printer and try again.

It is possible with the current technology, when my youngest daughter was born, the doctor didn't like me so he programmed the computer and gave the command "TRANSFER ALL PAIN TO THE FATHER". My wife didn't feel any pain but with all the excitement, I did not feel any pain. All of us were released from the hospital within an hour since no pain was involved. The doctors congratulated me because I was "the strongest man alive". When we got home, the mail man was dead on our doorstep.

MAS, click on start and type programdata

I believe this still holds true after 3 years. Please have some rest and give a big kiss your grandchild.

Another thing made easier for us is stock basis listed on 1099-B by fidelity and others.

I agree with Pacun.

I am glad we were able to help you. I like to take credits when I don't deserve them, but, hey, we are a team!!!

I reported the sale of a primary residence at a loss. This is a very simple process using form 8949 and Sch D and you only have to enter a couple of codes, date of purchase, date of sale, and cost and selling price. I only selected option F, then code L, because I was getting 3K of losses on form 1040 and voila. I have also noticed that the form (982) to report a 1099-C when the taxpayer is insolvent couldn't be simpler. I also had a person who sold 3 sets of stocks with no wash sales so I reported them on schedule D with a few entries. This seems to be a nice improvement. Have you noticed any other simplification for reporting certain transactions? Please comment what I said.

JohnH, this time you tricked me... I thought number 3 was going to read: 3) Power Church - my church used to use it.

Thank you. I will try it.

I am glad to hear that we can make that change. Now, can we delete some of the payors?