L.S.

have been able to e-file with se health ins. deduction. now get error that says i can't - must paper file. won't let me create e-file. so all my farmers with march 1 deadline must NOW paperfile??????????

have been able to e-file my farmers with se health insurance deduction, however, no won't let me create an e-file - error: SE health insurance deduction related to SE income is not currently supported for e-file by the Irs. Paper file this return. So NOW WHAT????? All my farmers have to paper file by March 1????????????????

Can client deduct their prepaid mortgage insurance on a 30 year FHA refinance? They got the 1098, but it did not include the mortgage insurance amount.

You need to complete the IA1040 & IA126. You need to complete the IA1040 using all-source income and then use the IA126 to figure your Iowa-source income. Also if it is a married couple - usually better to file married filing separately on one form status 3 instead of married finally jointing status 2. this is a little more work but usually better tax rate

Ok, I'm still confused on this issue ---- do we show the amt of medicare premium on line 10c of line 1 of the sch a? then do we add that amt in on the Line 29(1040) worksheet on line 1???? Am I making this way too difficult???? Heaven help us ALL!

Farmer bought 2 dryer stirators for $17,200 - how many years to depreciate??

Farmer bought ATV and says 100% use in business. 7 year or 5 year?? This could be Sec. 179, right?

I deleted the e-file information and put in a new one - made sure I didn't check the wrong box and still get this same message after I create the e-file. any other ideas?

On all - I will try to delete and add back in.

Keep getting this error - consent to use pin must be entered for filer(and spouse if MFJ) if western union moneywise prepaid mastercard is selectd. I do NOT select or want to use this, however i still get these messages --- program error?????

Yes, I did call and was given a # & password and under support - Customer Service Utilities - I was able to export to customer service - I was then on hold for 45 minutes as he was checking the return and finally got back and said he had never seen anything like this and he would have to have someone else check on this and get back to me. I have heard nothing yet - he did indicate they would give me daily updates on the progress so we'll see....

ok - i figured that out - i have to put in different ACCOUNT #'s. Now when I try to create the e-file I get one message - critical federal e-file creation error. please send an export of this return to customer service. how do i do that?

Trying to create e-files for the 1099S's I have prepared for our firm. Firm is the filer. Transferor are the sellers. Several of these I get the message - error:transferor has duplicate or vague tax id. for multiple entries, enter unique account numbers. these are the transferor's ss # and how can i give each one a unique #? The same tranferor sold more than 1 parcel of ground. thanks for any help on this

Thank you!

Is there a way, like last year, to include list of the forms, schedules, worksheets on the "Invoice" and not have those forms go to a Forms Statement on another sheet. I just want the bill with a list of forms on one sheet of paper.

Hilarious!

Amen

executor of closed estate received letter from IRS re: 2008 form 1040. individual was under income limits for that year so did not file return, but had $73,000 on a 1099B that with the cost basis would have shown a loss. do we now have to file 2008 return? if so, who would sign this? thanks, Should a return always be filed in a case like this - even though under income limitations?

Looking for the "like" button - :rolleyes:

thank you, kind people. This one ends in a "9" - next year will be a big one!

Going to Galena, Illinois for first time this weekend - things to do, things to see, things to eat, things to buy??

Man died 9/2/10. Is there a stepped up basis on the mineral rights in this estate?

The law firm where I work has just bought another law firm effective Aug. 1, 2010. I need to know what publications I can read re: tax implications of this. I assume before they sign the contract they will have a list of things they are buying, goodwill, etc. How much $ to assign the goodwill?? I just need to try to get myself a little up-to-speed. any and all help appreciated.

The Check is not in the Mail: Obama Administration to Start Direct Deposit White House Orders Government to Stop Mailing Paper Checks, Switch to Electronic Transfers Americans receiving payments for Social Security, unemployment insurance, veterans benefits, IRS tax refunds, railroad retirement, and government benefits will now find the money automatically deposited into their personal bank accounts. Americans without bank accounts can get paid using the Treasury Department's Direct Express Debit MasterCard program. Why the shift to direct deposits? Two reasons: one, it will be easier and faster for consumers to get paid and, two, it will save taxpayers money – an estimated $303 million over the first five years and about $120 million each year after that. For instance, despite repeated attempts to get recipients to convert to electronic payments, the Treasury Department still mails out more than 136 million benefit checks each year. Now, as part of President Obama's effort to eliminate waste and modernize government for taxpayers, that will change. The Treasury published a notice of proposed rulemaking in the Federal Register to begin a 60-day period of public comment. Once the final rule is published, the administration will roll out the changes with a public education campaign. The new rule will primarily take effect in March 2011, with a few exceptions that will not take effect until March 2013. New Spanish Information: The Spanish versions of IR 2010-79 and 2010-80 are now posted on irs.gov/espanol IR 2010-79 - IRS Requests Public Input on Expanded Information Reporting Requirement http://www.irs.gov/newsroom/article/0,,id=225029,00.html IR 2010-79(SP) – El IRS Solicita Participación del Publico para Delinear los Requisitos del Reporte de Información Expandido http://www.irs.gov/newsroom/article/0,,id=225036,00.html IR 2010-80 – Closing Deadline Extended to Sept. 30 for Eligible Homebuyer Credit Purchases http://www.irs.gov/irs/article/0,,id=225078,00.html IR 2010-80(SP) – La Fecha Límite Ampliada al 30 de Septiembre para Compras Elegibles al Crédito para Compradores de Vivienda http://www.irs.gov/newsroom/article/0,,id=225087,00.html

Notice below is the announcement for you to comment on the new 1099 MISC rules which go into effect in 2012. This is your chance to provide feedback on the law change and provide constructive ideas on how to implement. Of all the things we have seen over the years, this provision will effect every business in the U.S. and have a great impact on accountants, to get their clients in compliance. I realize many of you do not always take the time to provide comments on the various issues , but I urge you in this situation to comment. You as preparers are in the unique position to help us identify the problems with implementation, IRS matching and complying with the new law. I have gathered several comments and concerns over the last few months, I am waiting for an venue to elevate - which after this release should be soon. See new info below on 2010 return changes and some 2011 information The 2010 tax return will have a box for the PTIN and a box for the name of the person the PTIN belongs to. In other words you will be signing with both your name and PTIN. We will be adding this information to 92 Forms. Form 5405 page 2 will be enabled for filing season 2011, TY 2010. Changes to Schedule C for 2011 three lines for income before gross income line - income line - income reported to you from Form 1099K line - income reported to you on Form 1099MISC Line gross income IRS Requests Public Input on Expanded Information Reporting Requirement WASHINGTON — The Internal Revenue Service today invited public comment on how to most effectively carry out a law change that, starting in 2012, will require businesses to report a wider range of payments to contractors, vendors and others, usually on Form 1099. These comments will help the IRS issue guidance that implements this provision in a manner that minimizes burden and avoids duplicate reporting. Under a proposed regulation, many business purchases made with credit or debit cards would be exempt from the new reporting requirement because they are already reported by banks and other payment processors. The IRS seeks comments on additional circumstances in which duplicate reporting might otherwise occur and on rules that would prevent such duplicate reporting. The change, enacted in March but not effective until 2012, expanded existing reporting requirements to include a business’s payments related to goods and other property, and payments to most corporations. With some exceptions, payments to corporations are currently exempt from this requirement. There are three ways to submit comments.E-mail to: [email protected]. Include “Notice 2010-51" in the subject line. Mail to: Internal Revenue Service, CC:PA:LPD:PR ( Notice 2010-51), Room 5203, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Hand deliver to: CC:PA:LPD:PR ( Notice 2010-51), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC, between 8 a.m. and 4 p.m., Monday through Friday. The deadline is Sept. 29, 2010. Further details are in Notice 2010-51, posted today on IRS.gov.