-
Posts
1,025 -
Joined
-
Last visited
-
Days Won
18
Everything posted by Lynn EA USTCP in Louisiana
-
You have to set them both up as verifyle users and send the 8879 to each of their email accounts.
-
Yardley CPA, the short answer is NO. Munchkin said nothing about changing the due date to file from 4/15 to 7/15. There is no official guidance, no bill, no law, no IRS guidance. Munchkin said to file by 4/15 if possible, to file an extension of could not meet the 4/15 deadline. He stated the goal is for those that owe to have 90 days to pay without penalty or interest.
-
Anyone changing office procedures re: CoVid-19?
Lynn EA USTCP in Louisiana replied to jklcpa's topic in COVID-19
I just sent out an email to this year's 'latecomers' announcing no in person appointments, with the opportunity to drop off, snail mail, or send via my portal or verifyle (a secure document sharing platform). If I didn't already have a website I'd d/c the portal and only use verifyle. I also (again) notified them that extensions were possible, but they had to explicitly ask for one. Once we receive final guidance from what was said in today's news conference I'll send out another email blast with those details. -
The headline is incorrect. Mnuchin urged folks to meet the 4/15 filing deadline if possible, especially those receiving refunds. Those who could not file by 4/15 still must file an extension. The 90 days suggested in the article are 90 days to PAY, penalty and interest free; full details will be provided in the bill passed by the Senate and signed by the President. Until pen hits paper it's still speculation.
-
Stay tuned. An announcement is expected one day this week.
-
Anyone changing office procedures re: CoVid-19?
Lynn EA USTCP in Louisiana replied to jklcpa's topic in COVID-19
I just bought a box of Bic pens for clients to use (the few that come to pick up/sign/pay) and take with them. Those pens will be segregated from the ones I use on a regular basis. Other than that, business as usual - cleanliness, hand sanitizer, hand washing, mailing as many returns as possible. Most of my clients mail or upload their info. -
Tax Liens - anyone have a client doing this?
Lynn EA USTCP in Louisiana replied to BulldogTom's topic in General Chat
I have a nonfiler (needs to file back to 2012, and is willing to do so) who started doing this in 2011. This is new territory to me, too, so I will be watching this topic for info from more enlightened folks than me. -
April 15 Deadline - Any Clarification?
Lynn EA USTCP in Louisiana replied to Yardley CPA's topic in COVID-19
Nothing, yet -
QBO is dreck.
-
Kiddie Tax - where to put the parents income?
Lynn EA USTCP in Louisiana replied to BulldogTom's topic in General Chat
I thought ATX said they were not going to update the 2018 forms for the extenders until after 4/15. I might be wrong ...... -
Foreign Tax Paid not flowing to 1040 Sch 3
Lynn EA USTCP in Louisiana replied to REBECCABAILIN's topic in General Chat
In Elections, Form 1040, click on the one (near the top) that says "elects to not file form 1116'. After doing that then the foreign tax should flow to sch 3 part 1 line 1 -
The payroll W2's must have been timely filed to SSA (i.e. 1/31/2020) for it to qualify for QBI.
-
Fiscal year accidentally adopted by client
Lynn EA USTCP in Louisiana replied to JackieCPA's topic in General Chat
The year is adopted with the filing of the FIRST tax return. If this is the first year in existence they may have a short year, xx/xx/19 - 12/31/19. Form 1128 is not required in the first year. Your reading is correct.- 1 reply
-
- 1
-
Could you get this to work by clicking on Select the Tax Planner Worksheet instead of IRS Estimate Worksheet ?
-
Those which I efiled prior to 1/31 have all been accepted. However, the corrected ones efiled 2/4 and 2/5 await their ACKs
-
I always enter the state of residency, in this case MS, since that is where the TP lived all year
-
schedule E input page also has a QBI checkbox
-
Are the check boxes on schedule c marked ?
-
Is your state set to 'hold' until the federal is accepted? Or is it unlinked from the federal? Did you click on 'created' in your efile tab? Try clicking on 'held' to see if the NJ is there, awaiting fed ack.
-
form 3115 (to correct depreciation amount) and 1120s
Lynn EA USTCP in Louisiana replied to cl2019's topic in General Chat
I always add it as a separate line item on 'other expenses'. 481(a) adjustment, $xxxx.xx if expense, or as a separate line item in 'other income' 481(a) adjustment +$xxxx.xx if income