Janitor Bob

She has several rental properties.....daughter brought me her stuff in a banker's box. and informed me of her death.  Extension filed.

but wondering how I am going to get some of the questions answered....may have to assume some things this year.

Client's refund has been delayed 2 months.  Finally received letter from IRS stating that refund is delayed because they did not have the 1095-A and to send a copy to substantiate the 8962.  What?!  In what bizarre world would the IRS need to come to the client for the 1095-A?  should they not have that just like they have the taxpayer's W-2 and 1099?

Client should have had her refund in mid February...now IRS letter states with another 8 weeks.

ridiculous

that's what I thought....used to be a Franchise tax? I just wanted to make sure I was not forgetting something....sales are well below the $150k CAT filing threshold

OK...stupid question.  I have completed my first ever 1065 for a partnership...very simple sales/cogs business.....but is there any associated returns that need to be filed for Ohio?

Clients deposited into their IRAs in March 2014 for tax year 2013.  Later in 2014, they contributed for tax year 2014.  This past January 2015, they deposited again for tax year 2015.

Just to clarify...the January 2015 deposits can be for Tax year 2015...correct?  I want to make sure that these would not be considered non-deductible contributions for tax year 2014 (since they already contributed max amounts back in 2014 for tax year 2014

I followed up and I now have a new client named Beth from Sidney, OH...she is wondering why none of you other losers wanted her.....Beth has yet to exlain why she did not contact a Sidney area preparer to begin with....instead choosing a preparer in Wyoming.

I received the same e-mail this morning.  Appears as though someone has gotten e-mail addresses....Not that that would be difficult...but it makes me wonder from where he/she/they acquired them....hopefully not from ATX/CCH.

Client's son attended college in 2014.  Received 1098-T for $1,400.  Received 1099-Q showing $2,000 distribution.  According to client, the difference of $600 was used to pay for books/fees.  So if I understand correctly, the 1099-Q distribution is NOT taxable, but the client also does not get to claim any education credits...correct?

what is the best way to report the 1098-T and 1099-Q info on the return to avoid IRS matching issues and CP-2000?

As I suspected...I already completed the 14039 and included it with their return to mail.  I will have them contact above number.

I received the reject below for a client's e-filed return...Any advice on what to do next?

"Taxpayer TIN in the Return Header must not be the same as the TIN of a previously accepted electronic return for the return type and tax period indicated in the tax return".

Yeah...I see that in ATX now as well....easier and safer than mailing.

client donated vehicle in 2014...received a 1098-C.  return will be filed electronically, but do I need to mail the 8453 with a copy of the 1098-C, or does it all go electronically?

I am sooooo tired of telling clients they owe IRS because they took big withdrawals from their 401k...and listening to them complain with shock and sadness.  Yes, they did hold out Fed tax, but that was barely enough and did not cover the 10% penalty.  God forbid they consult their tax advisor prior to getting that cash in-hand.

Just upgraded to Office...Unfortunately, they would not give me credit for the $75 I already paid for additional states.  Guess I'll chalk that up to cost of lesson learned...Next year, buy Office from the start.

That would have been a better choice for me Jack...by the time I pay for extra states and e-files > 100 (both of which turned out to be more numerous than I expected), I could have paid for MAX with only a few dollars more.  I still may call and do just that.

Everything was going fine with ATX this year...but in the last 10 days or so, I am suddenly and unexpectedly having problems with the Fed client letter not recognizing state or local forms/letters.  For example the below error is suddenly appearing on a Fed client letter

I just running for miles by myself and with a local group this week...no organized runs until next week...then its a St Pattys Day "beer run", where you have to stop each mile and drink a 12 ounce green beer.

PLEASE..let's not discuss 2012.

$500?  Not in my market.  Not even H & R Schmuk would gouge...I mean charge that much around here

I only have 8 weeks to prep for my next half marathon....that is not much time to get my mileage back up to 13.1 after almost 2 months of sedentary tax work.

Dear Client:  Despite what you heard at work, NO...there is no "Grace Period" that allows you to claim that your child born on Jan 2,2015 was born on 12/31/14 for tax purposes.

...but thanks for bringing up that questions AFTER I filed your return with a 12/31/14 birth date per your information.  Now you get to pay back a chunk of that refund and pay me for an amended return.  Thank the ladies at work for me!

total account value is only $100,487.40.  She did have $1000 dividends as well.  I will state my "churning" concerns to her again this year...but its up to her to do something about it.

She is with Curian and, in my opinion, they are churning.  She had 100+ pages of transactions last year and only had $3,000 in gains and they charged her over $1,000 in fees.  I have not looked yet this year, but I assume fees are similar this year.  I told her of my suspected churning last year and advised her to speak to them about it...I stopped short of providing investment advise...although I think she should dump them.

I'm going to put taxes aside and get out for a nice run this evening...Who knew 50 deg would seem so warm?