Margaret CPA in OH

ATX also has a comparison form which I always include. It answers lots of questions!

The mother admitted to filing and claiming the daughter so the error is correct just for the wrong child listed. It's not the first time and likely not the last. Paper file. Just puzzled why it picked the second child listed and not the first, the daughter. Thanks, though.

Nevermind- more complicated than it used to be but I finally got it.

Client's state return was rejected (see earlier post, child claimed by other parent already. I have to print and mail the return now. But the letter won't let me change from efiled. So I deleted all efile info and now cannot add a state letter. Ideas! Thanks

It appears as though nothing reportable happened in 2014. If it is sold in 2015, report it then, sale or rental, as the details dictate. One of my clients did just the opposite. Bought and rehabbed a property intending to flip it with a nice gain. It didn't sell so he rented it in January. There was nothing to report in 2014 but will be in 2015.

Did he place in service in 2014? Advertise for rent but received no applicants? Sometimes plans don't work out but if it was placed in service, renters actively sought, I would prepare the E. In my opinion, too bad if he couldn't take the loss. Presumably this wise investor knew what he was doing. If he just 'planned' on renting it without even trying, then I would consider it an investment property for 2014 and crunch the numbers when he sells.

Client has daughter he claim in alternate years - Form 8332 clearly states the years, no previous problems. Efile was just now rejected but showed the dependent claimed already as the second child listed which I think is not possible. Second and third children are with current wife, only first child is a possible error. I believe we still have to paper file now with Form 8332 (which I usually send with For 8453) and explanatory note. But is the error message maybe in error showing the second child listed not the first? Thanks,

And what's wrong with a little challenge about now? Doesn't this stuff just keep us on our toes - and out of our minds!!! Far less troubling, but nonetheless irritating - second year client sent me W-2 10 days ago before vacation. Yesterday sent 5 separate emails each with screen shots of power bills, mortgage statements, cell phone bills, county real estate page. I'm supposed to add up this stuff. When I reminded her that I bill by the hour she responded that she would try to get an H&R appointment. Geez, does she think they will be happy to look at screen shots of bills for data entry? She sent added figures this morning. I'm grouchier than I have ever been and I honestly don't think it's all me. Well, maybe....

Cathy, thanks for the comments. The client didn't qualify for the credit as income was 579% of FPL, hence full repayment required. When I more carefully followed and understood better all the instructions, it all worked out. Client majorly underestimated her income.

And to think these people walk on this earth and procreate!

I was on IE but now it works on both. Weird, like so many client issues now!

Thanks again, folks. I will look at both and talk with the client. My guess is that recapture would be better now with such low income rather than trying to keep track (and I wonder how many actually do over the years) for future sale.

Thanks, I'll look at that although I thought it had to be linked to something. We shall see. As the business no longer exists and he is jobless and apparently not looking (wondering why no unemployment), it's hard to see the future.

Hah! Got it this time. No early renewal, though. And I didn't see ppr. I may be going to that next but it might add up to even more to add in the local returns and all the trust returns and 1065's, etc. Ah, it's only money...

Client had home office for convenience of employer. Employer ran business into the ground and stopped paying client in late 2012 but paid for his health insurance. Client was below filing requirement for 2013 so didn't file. For 2014 he withdrew from IRA to survive. What to do about lingering home office in fixed assets? Dispose on 4797 as business no longer exists? Doesn't he have to determine recaptured depreciation when he sell his house or is that now going to show up on 4797? This would be a good year as his income is still below the filing requirement but he gets back the withheld tax. And the weird ones continue...

Here's what I see on following your instructions: <%=message%> This site is currently under construction. We apologize for the inconvenience. Please contact the Account Management department at 800-495-4626 with questions you may have regarding your renewal. Thank you.

I'm still looking for the new pricing. I logged into MYATX - nothing. I browsed everywhere I could think of - nothing. I didn't receive a renewal email either. I'm just trying to find this new pricing however it breaks down whether reconfigured user packs, pricing for enhanced depreciation or not, whatever has changed.

Renewal already? I didn't get mine yet. Where is this pricing detail, anyway? Why am I so out of the loop (sniff, sniff)?

What are user packs?

Ah, but I think if the ssn isn't on the account, at least some banks won't accept it. Identity theft or such, I think. It's not the name, it's the ssn.

I would be inclined to report as an early distribution but not sure how to input absent a 1099R. There would be no matching but maybe an easier conscience and good documentation of the what happened. Boy, we really get the weird ones on this board, don't we?

Ohio follows federal filing and there was no estate. When house sold in the summer before dad died in December, all remaining money was gifted to son. He will file a gift tax return (he says) but the money has been used to pay for both parent's expenses. The idea was to spend down, if possible, but dad didn't make it. Bank account was in dad's name only after mother began her decline several years ago. Thanks, Judy. I can finish this one off now and mail it out.

And you do know your way to that mailbox!

I'm sure he has a bank account but it wouldn't have mother's or father's name or ssn on it. Form 1310? When I've had a deceased spouse in a couple before, the survivor was competent so no issue.

Son is handling returns for deceased father (Dec. 2014) and incompetent mother (Alzheimer's). There are substantial refunds from federal and state. He will paper file and include POA for mother and personal representative for father. The checking account was in the father's name and is still open but bank knows father is deceased. Must son receive paper checks? File 1310 although mother is still living? He hasn't gotten back to me whether his SSN is also on checking account but didn't think so. Thanks