Lee B

Well, I just received my first one for this year in my spam folder

The crisis is over ChatGPT services have been restored

"OpenAI's ChatGPT is down for many people worldwide, with users facing multiple problems, including being unable to access their accounts, having their chat history come up empty, and the chat screens not loading properly. When accessing ChatGPT, users may see a blank screen with "How can I help you today?" and, in some cases, a missing chat history" Maybe we haven't been replaced

It's a miracle

See my revised post, which means that you can't net gains and losses

IRS Guidance says to report the gains and losses separately, which is nasty because you can't deduct the loss from the sales of personal items.

Here is the response from Drake's Support about the program freezing or crashing when exiting the Tax Planner; "Good Afternoon, Thank you for contacting support! Here are some troubleshooting tips you can try to fix a freezing computer: 1) Make sure you are connected to a strong internet connection. 2) Switch from Wifi to a hard wired Cable. 3) Restart the computer every night or every morning. 4) Check for third party software that might be interferring. Anit-Virus programs are the most common. 5) VPN and other such things can effect the program running as well. 6) If these do not work, i would suggest local IT support to look at your network etc and see if a setting is affecting the program. I hope this helps! Sincerely, "

That's the current link provided by the IRS, since the most recent changes went into effect January 1, 2023. You can always do you own searches

https://www.energy.gov/policy/articles/making-our-homes-more-efficient-clean-energy-tax-credits-consumers

According to Forbes, there is no sign in the Senate of this bill coming to a vote.

Several days ago when my program froze was just after I exited the Tax Planner. Then I had to use the Task Manager to shut down the program.

This article should be helpful: https://www.journalofaccountancy.com/issues/2019/aug/qbi-deduction-for-rental-real-estate.html

I do expect Drake to increase their renewal fees substantially this year. My experience this year with Drake is about the same as last year and the year before. I don't really have any new complaints. At this moment if I had to leave Drake, I have no idea where I would go.

What kind of problems are you having? I did have one software glitch where the program got hung up. I had to use the Task Manger to close the program. The program did restart with not problems.

Interesting, I received one last year but I haven't received a single one this year

"Who is an eligible student for AOTC? To be eligible for AOTC, the student must: Be pursuing a degree or other recognized education credential Be enrolled at least half time for at least one academic period* beginning in the tax year Not have finished the first four years of higher education at the beginning of the tax year Not have claimed the AOTC or the former Hope credit for more than four tax years Not have a felony drug conviction at the end of the tax year." According to the OP she has already finished her undergraduate and graduate degrees. Once you have finished the first 4 years you are no longer eligible for the AOTC.

Just skimmed thru some guidance, you have a number of tricky issues to deal with. If it was my client, I would either refer them to someone else or pay an expert to provide detailed guidance.

Just curious, who was the fiduciary for the 401 K ?

When I bought my house in the early 80s, I was excited because I go a state VA mortgage at 10.5 %. I had an 11 % CD from Lincoln Saving & Loan. I was able get 19% interest on overnight repurchase agreements on the surplus funds at the wholesaler where I was the controller.

My understanding is that the recipient processor issues the 1099Ks. I know that this exception has reduced the number of 1099 NECs that I have to issue for my clients.

"Form 1099-K. Payments made with a credit card or payment card and certain other types of payments, including third-party network transactions, must be reported on Form 1099-K by the payment settlement entity under section 6050W and are not subject to reporting on Form 1099-NEC." Perhaps this exception applies to your situation?

How would Quickbooks know whether to send a 1099 MISC or a 1099NEC? In addition, the vendors may receive a 1099K from there payment processor.

Just think of all of the unemployed attorneys and accountants

Perhaps you should ask to see a copy of the invoice which should tell you what was done?

Be careful because many policies will not cover any claims prior to the initial coverage date. You also need to check with your previous insurer as to coverage for acts which occurred before the cancellation date.