Margaret CPA in OH

This is similar to OH but there is a place at the bottom of the 1099DIV worksheet to indicate that.

I've used for many years Mutual Funds Publishing Co. https://www.mfpco.com/ For a handful of my better off clients, the savings can add up. It isn't just tax exempt interest generically, but some other items unique to Ohio. And for those better off clients, I just tack on a small sum for research. I have found that more and more companies, though, are listing this information.

It can be submitted online. I stumbled over the requirement to file the form that doesn't mean the nonresident does not have a filing requirement (but has to file this form). I think I have it now! Still baffled about the CA required insurance but managed to get it down to $256. I really just want to stick with Ohio returns which are bad enough!

Client had OR property and did like kind exchange in 2022. Client no longer has property in or income from OR but exchange intermediary reminded him to file OR-24 annually until exchanged property is sold at which time OR wants its share of possible gain that was deferred. Preparer for 2023 did not file either OR-24 or any OR return. I am fine with filing a blank nonresident return but thought it was silly to do that to add in the OR-24. I could not, however, see a way to just file OR-24. Thanks, LeeB, for the link which I did not see earlier. I did look. I will see what I can find there.

Client had like-kind exchange for a property in OR; cashed out a lot, paid lots of tax but exchanged a the rest for an OH property. I've been alerted that Form OR-24 must be filed annually until the replacement property is sold. I cannot find if this form can be filed as a stand alone as it states to be included with the regular income tax form - which said client does not need to file as a non-resident. Or do I file a 0 return with this form? Thanks

Thanks, Bulldog Tom, I see how the calculations are for the total and then make the adjustments for CA residency. I see the proration except for the 3853. When I go though the affordability input, she had only $450 unemployment for February and $900 each for March and April so 3 months or less without coverage as a CA resident. So it seems a penalty of $511 is a bit steep. I must be doing something wrong but can't figure it out so am frustrated. It's possible that the January pay as a severance package (sort of 6 months wages) skews the whole thing, though. But it was her only income for January then unemployment Feb.-July before her new job in August. She did continue to receive unemployment after moving to OH in May but became an OH resident and got a driver's license May 16. Then again, CA does not tax unemployment so it shouldn't matter.

Thanks, Max W, I have the CA Sch 540 NR form and input the date of nonresidency but it doesn't seem to make a difference that she was not a resident for several months of not having insurance. After working some more her penalty is now $511 which I don't think is fair for 3 months of noncoverage as a resident. It's a puzzle to me.

I will chime in with those who send photos from an iPhone which I cannot open. Folks are getting somewhat better though with scanning from their phones and uploading to my Verifyle portal. So far I have not have anyone show me something on their phone but I also have very, very few in person clients.

Thanks, Judy, I've done that and also cannot figure out how to indicate the non-resident status as of May. Also the calculations are skewed because it begins with federal AGI even though I input by the month the CA income. The bottom line seems to be an $85 penalty but, in my opinion, it should not be CA business about coverage from May 1 so only a 3 month gap while a resident. She may just have to swallow the $85 penalty. It's costing me too much time right now. Thanks again - you always come through for us!

Bump again. So 52 views and no replies. I thought at least ONE person on this board was from CA or knew CA tax. I'm not even sure of other options for research. I wonder if anyone answers the phone there....

Bump, please. I know there are CA folks here. Help me, please.

I haven't had a CA return for more than 10 years and now have a part year for new client who relocated to OH in May. She had one month of wages in CA, got laid off with a severance package, moved to OH May 1 and began new OH job in August. I'm a bit confused (no. a lot) with how to manage the FTB-3853. Her 1095-C shows January coverage only. She chose not to enroll in ACA but began coverage again with her OH job. I don't quite understand exemptions with a good severance package then moving out of state. Any assistance would be most welcome!

Sorry, paywall. But I don't understand "old people" doing tax returns.../s

Thanks so much, folks! I have more questions to ask, certainly.

Client's 24 year old disabled (Down's syndrome) son, dependent, got married in 2024. They are living with client in a small apartment client created in basement. Is son still client's dependent? Client pays for everything. What about daughter-in-law? And I'm already tired of energy tax credits and unanswered questions. Sigh....

"Extension due date..."

Thanks for feedback. It seems the trust fiduciary and attorney are already on it. No worries for me for 2024 as the client passed early 2025. It was a grantor trust that must have had directions for survivor when one died. I'll have all the information needed well in time for 2025 filing but business as usual for 2024. And I've been promised a copy of the original trust and new creation. The bank officer said the grantor was the deceased with both spouses as trustees so trust is now irrevocable with EIN. I suspect that surviving spouse will receive income but will know more when we meet.

Max W, I, too, have a magnifying glass and use it frequently. I think a number of us are getting up there. I hope you are the oldest and I'm still a youngster. I will be 79 in a month and pondering whether to renew my license at year end. I mostly still enjoy these few weeks that I work and the 40 hours of CPE. Plus I keep getting new clients from referrals. Guess I'm just a girl who can't say 'No.' Besides, this is how I pay for my dive trips! With the one to Indonesia in November I finally reached Delta Gold Medallion level and got some pretty nifty baggage tags.

Long time clients have had a substantial revocable trust in their SSN's. One has now passed away (2025). Does the trust now become irrevocable with that death and require and EIN? Is it split into a remaining revocable and half irrevocable with EIN? It's been a while since I was actively involved with trusts and am not sure of correct search terms. Need I look at the trust document (usually the best source of info, I know )?

On my own return I have an IRA gross distribution of XXX and taxable amount of X in box 2a with a QCD of XX listed and the box checked below. No matter whether I input the taxable amount or assume it will be calculated, the taxable amount does not appear on page 1. I really hope I don't have to call support as I spent about 6 hours Friday-Tuesday getting a solution to my TY2023 program not opening. HAH! Nevermind. A last attempt proved to be the solution. Leave out the amount (which I know to be taxable, X, in box 2a, check 2b Check if taxable amount not determined. I guess we are not trustworthy enough to actually determine the taxable amount so must allow the program to do the calculation. Oh well, as long as it works now and I don't have to call support. Have a nice day!

After entering all the necessary data for the payor (Main Information Worksheet) and payee (1099XXX Input), click on Check Return tab on top.. If all is good, click on E-File tab on top. If there are no errors to clear, close return. Go to E-File Manager, select return to e-file and Transmit. Within the program is a very detailed Help file specific to the work.

Long time FF user here, too. I don't believe I've ever seen a newsfeed. That would annoy me a lot!

DANRVAN, thanks for this message. I will discuss with client about next steps recommended. I still think 990-N is good for 2024 as nothing has happened with the 'arrangement' to date other than the transfer of the $5000. I agree about the public support concern but it is still valid for 2024. Client will not be mine after this year - whew!

Curses! You think for a single part-year return for an ex-resident? If so, I may prepare it and show her how to submit on her own - maybe. I think the apportioned income would yield less CA tax than it would cost CA to manage it.

It does seem that I attract some weird clients! The client is a 501(c)(3) SMLLC as stated. Client has a book and desires it to be made into a movie or something. Client stated that $5000 was paid to other person to facilitate this. The beginning of the "Option and Purchase Agreement" states "This agreement, effective as of DATE is made by and between XYZ Entertainment LLC (an individual is named here) and client.... concerning the rights to a script.... then goes on to specify terms and conditions. I think you may be correct to call this a partnership. Without naming the arrangement as a partnership, it explains why client referred to this $5000 as an investment. My client is a 501(c)(3) with an IRS determination letter. I am not comfortable detailing the stated purpose in the current climate. Suffice to say that the application was approved. I will suggest to client that client seek other counsel about this arrangement and soon. Despite this development, I am still okay with filing a 990N as the entity meets the criteria. After that, client is gone. How can I learn to say no? A current client today said daughter recently relocated from CA and needs a preparer for at least 2024 with the two states. It's been several years since I've done a CA return. I said we could meet and chat. If there is anything other than wages and maybe interest, I need to say no! LeeB, thanks for continuing to read and respond to may ongoing tales of, well, not exactly woe but, interesting challenges in my professional life, let's say.