Lynn EA USTCP in Louisiana

2 hours ago, grandmabee said:

thru ATX ?  did you do it with a new set up of client or just add to old?

I made another client profile, 

I have submitted more than one set of 1099-NEC for a client, with no issues 

Article today (I think) says IRS will d/c sending CP80 letters but the other letters will continue until congress mandates otherwise 

Form 8821 

3 minutes ago, Patrick Michael said:

I may be wrong, but don't you have to be a  person eligible to practice before the IRS to use form 2848?  I am not a CPA, EA, or attorney.  Is there any way for me to pull transcripts?

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. 

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).

1099-MISC, INT and DIV are still 2 to a page. 1099-NEC is 3 to a page 

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. 

41 minutes ago, KATHERINE said:

Hi Lynn, do you still put Password on your PDF is you use verifyle? 

I do not.

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.

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]

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

Ok-512 Corporate - 1/27/2022

Ok 512-S Small Bus - 1/27

OK-513 Resident Fiduciary - 2/3

OK-514 Partnership 1/27

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' !!

Danrvan, true. My comment was incomplete and should have included the phrase “not sold via public trading”. 

Installment method is available for the sale of privately held stock.

Have you read the grant documents ? 

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.

state unemployment claimants use id.me when claimants apply for unemployment

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. 

Randall, no announcement yet but if I recall it's mid to late January.

1 hour ago, Randall said:

When is it usually back up again for 2020 returns?

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

Tax organizers were just dropped in the forms update !!!

Yes