Max W

That's right, but has to be listed on return in order to get CCC. So, the return that is filed second has to be paper filed, because the first SSN will block the second. I checked with Drake and they concur.

The question was really about efiling. Only one can efile as the dependent is going to be on both returns. She doesn't qualify - makes too much money. Thanks to both of you.

Couple separated early last year. She is custodial parent of 2 children, but is allowing him to claim (8332) one as dependent for CTC. Can she claim CCC for this child? And, if the child is listed on both returns, won't this prevent efiling of one of them?

From a article I will post here, it seems that the B trust can still claim the Sec 121 exemption if a QTIP election to file as an estate is made, as there was no estate return filed when spouse died. Of course it would have to be a late election and the article does not get into how that is handled. https://aboutlivingtrusts.com/step-up-in-basis-with-a-b-trusts/

Lion is right. You have to know what kind what kind of trust you are dealing with? There are many kids of trusts and a myriad of variations in each type.

California allows e-filing of amended returns, if your software can handle it.

They won't be missed!

Nope. It was published last year. Maybe the rep didn't read it. Wouldn't be a surprise!

Sales people can be dishonest. It is not in their interest to prepare license and insurance papers for a corporate customer. Both of these would add to a higher price tag on the vehicle and could kill the sale. Many sales have died because of small things. With a nice commission hanging in the balance, the salesman doesn't want to see the customer walk.

It can be read here. Have fun! https://www.irs.gov/pub/irs-drop/rp-19-38.pdf

Internship income could be exempt from SE depending on F&C. https://www.irs.gov/charities-non-profits/student-exception-to-fica-tax

I qualified my statement "...if there are no tax differences...", whch would presume no itemizing by either.

I recall reading the IRS Strategic Plan where they announced they planned to have E-filing of amended returns by 2022. Whether they actually implement this is another matter.

Can he spell "CAT"?

Couples separating BEFORE June 30 allows those that qualify to claim HOH. Otherwise, filing status is that of the last day of the year. To claim "Single", spousal support would have to have been declared by the court. For the other- my suggestion is "Not Available".

If the W-2's for the years in question were corrected and submitted to the IRS, they would have no reason to follow up on it. Here is a slide presentation from the 2017 IRS Forum that might answer some questions. https://www.irs.gov/pub/irs-utl/2017ntf-irsnoticesafterinformationreturns.pdf

If her return has already been filed, then her return should be amended to include him, if he has not already filed.

The only way I think this could be resolved is through the tax court. Sections 1311, -1314 of the tax code allows for mitigation of closed returns under certain circumstances. However, it is pretty murky and the courts rarely grant refunds. If there are good records of emails, phone calls and notes to back it up, the previous accountant could be sued, but without this documentation it is his word against the new guy's. The IRS records showing no contact after 2016, would have to be obtained through FOIA and the IRS could tag their feet to the point where a subpeona would have to be issued. Here are two cases related to mitigation of closed returns. https://www.parkertaxpublishing.com/public/mitigation-rules-closed-tax-year.html https://federaltaxprocedure.blogspot.com/2014/04/the-mitigation-provisions-of-code.html

Stripe also does not refund service fees, but Square does.

Yes, and it was based on appraisal at that time, 2014.

A marital trust (B) was created 4 years ago when spouse died. The home, only asset, sold this year, so there was a good amout of LTCG. Does the trust get the Sec 121 ($250K) exemption?t

This is what is great about this board. You learn something new almost every day.

Looks nice! Do they have one for EA's?

I believe the Extension for CA 541 is 6 months Automatic. Can anyone confirm?