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beckster2010

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  1. It apparently needed some vacation sun before continuing to the Pacific Northwest. LOL
  2. Hello fellow Preparers! Here's a good one. Last year, client directly rolled over an entire IRA from Wells Fargo to another financial institution. The entire amount was rolled over successfully into an IRA. Client never received a 1099-R from Wells Fargo showing gross distribution and distribution code G. Client calls Wells Fargo IRA department and after a conversation including a supervisor they are told that since they never touched the distribution then they do not receive a 1099-R. What the heck!? Further, if they feel that they need a 1099-R, then they are given an address to Wells Fargo IRA department in North Carolina to send a letter stating why. Really???
  3. Per the following IRS guidelines, I will not be including the 1099-MISC in the tax return: "During a review, the IRS determined it will not challenge the taxability of payments related to general welfare and disaster relief. This means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island. Alaska is in this group as well, but please see below for more nuanced information."
  4. https://www.ftb.ca.gov/about-ftb/newsroom/middle-class-tax-refund/help.html Scroll down the page for info regarding State taxability
  5. Others procrastination does not equal emergency on my part. A few years ago I decided that clients that wanted to drop off/place docs into portal after a certain date (this year it was March 31st), I inform them that I do not have the time to complete their return by the due date. I am willing to file an extension for them and I can start on those returns after May 1st. Decision is up to them what to do. Most agree. The others can run to other offices and cause them problems. My health, life, sanity is not worth the stress. Not to mention, in order to provide a correct return, I need time and sleep.
  6. Hi. Did you actually see the notice yourself? Does the IRS contact information seem correct? Double check. This is just too odd for a balance due notice to go out when a TP has until April 18th to pay.
  7. In Home Support Services
  8. It's pretty sad when we give the heads up to our client's and ask for their Notice #6419 and it's wrong. Yesterday had a client load all his docs into my portal. Based on the IRS info regarding the possibility that the notice is wrong, I emailed him asking him to verify the amount on the notice was the amount actually received in 2021. Drum roll...…yes the amount was incorrect on the notice. He has not moved or changed bank accounts. Sigh.
  9. Thanks Tom! This was in the back of my mind, but didn't find it's way forward until a client sent their CP21B notice to me with the changes (such a nice client to actually remember to send when received to me). I'm going to place the IRS note into my files for documentation. How are all of you handling these IRS amendments/changes into your tax program? Are you entering as an "Amended Return" so that your records are the same as IRS? And I thought tax season was over! I really appreciate this forum. Enjoy your day!
  10. Thanks John. We'll see if she gets her adjustment with the latest round of direct deposits that are supposed to go out beginning tomorrow. I did have her set up her IRS account, so she can track any adjustments. If nothing by next week, I'll have her request the 120 day extension. Appreciate your help.
  11. Form 1310 is not a PDF attachment. It can be e-filed with the return; when filled out properly.
  12. And a proper completed Form 1310
  13. LOL! I only use that terminology with you guys!
  14. It's such a mess. Her original return shows her owing about $900. After the exclusion, they will owe her about a $100. BTW...she tried calling and got the usual "high volume" message.
  15. Hello All! Client just received CP14 notice for tax due; however, she doesn't owe and she has a refund coming to her. How? Well, her return was filed before the powers that be decided to exclude up to $10,200 of unemployment income. Our guidance is that IRS is recalculating and giving refunds over the summer and not to amend a return that is not eligible for other credits. She doesn't fall into that loophole that will allow me to amend her 2020 return. Any others ran into this conundrum yet? Any words of wisdom to calm the poor hearts of these ones receiving these notices? Thanks!
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