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Everything posted by Lynn EA USTCP in Louisiana
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I made another client profile,
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I have submitted more than one set of 1099-NEC for a client, with no issues
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2020 Tax Return Still Being Processed?
Lynn EA USTCP in Louisiana replied to Patrick Michael's topic in General Chat
Article today (I think) says IRS will d/c sending CP80 letters but the other letters will continue until congress mandates otherwise -
Form 8821
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One set of clients, TP and SP, both in their late 80's. TP has alzheimers and is now showing signs of paranoia, enhanced by his extreme hearing loss. He has hearing aids but often removes them, so I communicate with him via notes. While I offered to go to their house to collect their tax info I am now hesitant to do so due to his paranoia and the fact that he has guns in the home. SP daughter has POA but I am unaware if it has been invoked.
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Sales of privately held stock may be reported by the installment method (I don't have a cite handy but many years ago had a client in similar circumstances).
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1099-MISC, INT and DIV are still 2 to a page. 1099-NEC is 3 to a page
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Sched C PPP Loan and forgiveness entry in ATX
Lynn EA USTCP in Louisiana replied to BulldogTom's topic in General Chat
No place to enter for Sch C since it is not taxable -
Taxman, when I turn age 72 I too plan to take my RMD as well as continue to contribute to my IRA. IMO it’s a good plan tax-wise, should one meet the contribution qualifications.
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I do not.
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As a perk of being a member of NAEA, and NCPE Fellowship, I have access to Verifyle Pro, an encrypted secure document sharing platform. AFAIK it is very user friendly. PS - Other organizations may also offer it as a perk of membership.
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Torez J. Brown Senior Sales Business Retention Associate US Professional Market/US Preparer Market Tax and Accounting North America Direct: 678-797-6940 [email protected]
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I just used it to help determine of an adult, disabled child is a dependent, and found it very useful. Judy, perhaps this could be a 'pinned topic' ??? Thanks, Lynn
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Ok-512 Corporate - 1/27/2022 Ok 512-S Small Bus - 1/27 OK-513 Resident Fiduciary - 2/3 OK-514 Partnership 1/27
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I submit 95% of my W2's via Nelco, the vendor partnering with my Howell write-up software. The handful that are not sent via Nelco generally have 1 or 2 employees, which I enter manually. I do not plan to change to file upload (I'd tried accuwage previously without success). For my practice, 'if it ain't broke, don't fix it' !!
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Danrvan, true. My comment was incomplete and should have included the phrase “not sold via public trading”.
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Installment method is available for the sale of privately held stock.
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Have you read the grant documents ?
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Just received an ATX email, stating that the 2021 software will be available one day next week. ATX offices will be closed for Thanksgiving Thursday and Friday 11/25 and 11/26.
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state unemployment claimants use id.me when claimants apply for unemployment
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I was getting worried. Returns efiled about 9:30 this morning had delayed ACK's which didn't come through until about 10 minutes ago.
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Randall, no announcement yet but if I recall it's mid to late January.
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The announcement came out today for 1040’s - cutoff date is 11/20. https://www.irs.gov/e-file-providers/subscribe-to-quick-alerts?fbclid=IwAR1biHcfTFg74LELlBiQ7zr9VS3HMB5Sj4b8NXeNTDiFrmJLnHd4rwoQ7H4
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Tax organizers were just dropped in the forms update !!!
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can I efile an original 2019 return?
Lynn EA USTCP in Louisiana replied to Marie's topic in General Chat
Yes