-
Posts
1,025 -
Joined
-
Last visited
-
Days Won
18
Everything posted by Lynn EA USTCP in Louisiana
-
Parent died 12/3/2020 but didn't get 1200 stimulus
Lynn EA USTCP in Louisiana replied to katri's topic in General Chat
Some folks received their first stimulus money in April 2020. And the second as early as 12/29 or into January/February 2021. -
1099-DIV 199a Distr / S Corp
Lynn EA USTCP in Louisiana replied to Lynn EA USTCP in Louisiana's topic in General Chat
That is -
1099-DIV 199a Distr / S Corp
Lynn EA USTCP in Louisiana replied to Lynn EA USTCP in Louisiana's topic in General Chat
Judy, in ATX K-1 is no longer marked as draft. I looked at all the lines for code V and don't see anywhere to input the 199a dividends received. It's not a lot of $ (under $10) and probably will have no tax impact for the S/H. Thanks for responding. -
Client is an S corp with an investment account. The 1099-DIV reports line 5 Section 199A dividends $x.xx. I am mystified as to where on the return/worksheets/schedules to enter this information. I hope someone else has run across this in the past and has an answer. Thank you,
-
Spouse died, gets recovery rebate credit
Lynn EA USTCP in Louisiana replied to Possi's topic in COVID-19
Schirallicpa - the client does not have to pay back the extra EIP received. While the IRS might say to return those extra funds, there's no payback requirement in that stimulus package. -
Updating Direct Deposit Info with IRS
Lynn EA USTCP in Louisiana replied to gfizer's topic in General Chat
But if he's already received the $1,200 and $600 then IRS already has the correct bank details. My guess is the letter is just an FYI, just in case, you might need to ...... -
It takes a couple days for the ACK to come back, and the time frame extends the closer you get to the filing deadline, My early ones took 2 days , and now I am looking at 3-5 days.
-
FBARs: Prepare them or Refuse them?
Lynn EA USTCP in Louisiana replied to Lion EA's topic in General Chat
When the TDF form was filed It was a mixed bag. That changed when the FBAR filing is allowed only on the FINCEN site . I provide general FBAR filing requirements but do not want the liability of doing so. My 3 individual clients with foreign assets all file their own FBAR and provide a copy to me. The FBAR for a US trust is filed by the trustee, who also provides a copy to me. -
Form 3520 - Client Letter Discussion
Lynn EA USTCP in Louisiana replied to Matthew in the PNW's topic in General Chat
What I have done is edit the letter to add a paragraph -
IRS does match 1099-K, or at least the ones issued for $368,000
-
I stopped mailing w2’s to ssa and 1099s to IRS; they are Efiled, the w2s through my writeup software via nelco (howell) and the 1099s via ATX. A few are manually entered directly at SSA BSO
-
Payroll loading issue?
Lynn EA USTCP in Louisiana replied to Margaret CPA in OH's topic in General Chat
Close 2020 PR. Open 2019 PR. Close 2019 PR. Reopen 2020 PR and try again. -
fixed assets missing in 2020
Lynn EA USTCP in Louisiana replied to Lynn EA USTCP in Louisiana's topic in General Chat
I opened the 2019 return; all fixed assets are there. I'll delete the 2020 file and re-add it. (Hope that does the 'trick' ! ). Thanks, -
Anyone familiar with Florida rental taxes?
Lynn EA USTCP in Louisiana replied to Catherine's topic in General Chat
I do not have any experience with Florida, but found this via a google search: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwi6lIDUkPbtAhXjmq0KHSB-CEIQFjALegQIJBAC&url=https%3A%2F%2Ffloridarevenue.com%2FForms_library%2Fcurrent%2Fgt800034.pdf&usg=AOvVaw3AXWx70wWSeA7Ox086-vn1 A 4-page pdf comes up -
I've downloaded the 2020 program and rolled over a select few tax returns from 2019. I've only checked two of the rolled over returns, mine and my assistant's, and both are missing fixed assets. In mine the fixed assets tab is there, but there are no assets. In my assistant's, the fixed assets tab does not even show up. I'm thinking about deleting these two returns, waiting for a program update, and rolling them over again. Anyone have other thoughts or suggestions? TIA. Have a Happy and Healthy New Year !
-
I am not an expert in clergy, having only 2 clergy as clients. See if this IRS topic is helpful. https://www.irs.gov/taxtopics/tc417
-
I have a client who just sent me their info to complete 2018 1040. She inquired as to when it would be completed, to which I reminded her of the million(s) of pieces of mail sitting in tractor trailers at the service centers. She agreed that it will be best to wait until the January 2021 e-filing opens, especially since they expect a sizeable refund.
-
E-file shutdown for business returns
Lynn EA USTCP in Louisiana replied to jklcpa's topic in General Chat
ATX's notice last night states they will d/c business efiling as of 6 pm on 12/22. -
After the free month I understand it is $99/month for 2 users.
-
Happy Thanksgiving to all of you's
Lynn EA USTCP in Louisiana replied to Elrod's topic in General Chat
FDNY what time is the dog show? and on which provider ? Thanks ! Be well and enjoy Edited - found it, on NBC at noon to 2 Eastern time, right after the Macy’s parade -
IRS e-File Shutdown for Individual Returns - November 21
Lynn EA USTCP in Louisiana replied to jklcpa's topic in General Chat
ATX posted their last day to accept EF individual returns is 11/18. -
I received a similar email recently, which I too deemed to be spam.
-
Tax Practitioner Priority Service Line Issues
Lynn EA USTCP in Louisiana replied to ETax847's topic in General Chat
have you tried really early in the day or later in the afternoon? other than that I have no other suggestions -
Several years ago I had a business client with 2 'divisions'. The employees who worked in both divisions received 2 W2's (none of which ever came close to the FICA limit when combined). Employees received 2 W2's but when I filed them with SSA and the state I had to combine them into one W2 for filing purposes.