Lee B

This means that"enhanced electronic screening" has identified an issue that requires the intervention of an employee.

Margaret, You should go buy a lottery ticket

Try excluding the news link from your firewall

Rita, I am truly impressed with your composure. However I am sure your were smiling as they walked out the door

It's interesting looking at several online third party instructions. Apparently the SALT limitation impacts the allocation which would significantly reduce the amount deductible for state and local taxes especially if you are in high property tax state. Remember the days when we could deduct Investment Interest.

Meals would be at 50% or the per diem rates. Lodging at reasonable not extravagant cost.

New clients who adopted two special needs children, ages 11 & 13, one with fetal alcohol syndrome and one who is blind. First clients I have ever had with dependents with disabilities. Do I need to aware of any other issues besides extra medical expenses ?

Yes it's deductible, Oregon has a law requiring everyone on a construction site to be covered by Workers Compensation Insurance, so every time one of my clients has a comp audit the auditor is looking for subcontractors and proof that the subcontractors have comp insurance, otherwise the General Contractor is assessed for premium to cover any sub that can't prove they have insurance.

If it's new job known to last 4 months when he was hired, I think he dead in the water.

What we have here is "a lof ifs and not enough facts"

IRS Notice 2021-23 providing guidance for 1st & 2nd quarter 2021 has been released

So is this an assignment related to a current ongoing job, or is it a new job that's 4 months long ? The IRS when it defines temporary with respect to a job, it means for an indefinite unknown period of time .

This only gets resolved between your new client and the previous accountant. Without a magic wand how do you fix this? I have a prospective new business client where they and the previous accountant aren't talking. I have the prior years tax return with the necessary information but the prior accountants work quality is questionable. What's really bothering me is the new prospective client isn't making any real effort to assist me with the transition. They have signed the necessary authorization forms and they have informed the previous accountant that I am taking over. Unfortunately now the previous accountant is so mad at my client that are providing the absolute minimum of assistance. So now I find myself in a position where my new client expects me to fix everything. I am seriously considering having a"heart to heart" talk with my new client and telling them to shape up go elsewhere.

We all wish the best for you and your husband

Pub 537

The reason is that post death wages are not subject to any employment taxes. If the W 2 shows any employment taxes withheld those taxes should be refunded.

I believe post death wages are supposed to be reported with a 1099 not a W - 2.

Remember, that's when the IRS issued Notice 2020-xx stating that while the forgiven PPP Loans were not taxable, that the expenses paid with the loan proceeds were not deductible. Since the CAA passed allowing the deduction of these expenses, this IRS Notice is null and void. Since there are no timing difference issues any more, there is no longer any reason not to leave the PPP Loans on the books, except for potential client credit rating concerns.

I believe that was the IRS position prior to the passage of the CAA just before the end of the year. What do you do if the your client doesn't qualify for 100 % forgiveness because of FTE and etc and decides to carry the unforgiven portion as a 2 or 5 year loan. I am definitely carrying these loans on my clients books until thy are officially forgiven by the SBA. My second largest client's first PPP Loan may not be forgiven until next year plus due to FTE calculations I anticipate only about 80 % of the loan may be forgiven. My client won' be deciding to repay the unforgiven portion or convert to a loan until that time which very well may be in early 2022.

Bob, it sounds like you have had a rough time in recent years. I hope you can find a way to step back from the things that are causing you aggravation and move to a place where you can find a little peace and calm.

This will be a real time saver

I don't understand what your first sentence and your last sentence means, other than "Get Lost"!

There is about $90 Billion left plus PPP Loan processing has almost ground to a halt due to the SBA's enhanced electronic screening which has now rejected about 200,000 loan applications and sent the applications back to the lenders, which requires manual intervention by the lenders for each SBA generated "error code" This has given new meaning to the phrase, "Our government at work"!

Actually, it's not that clear cut as this lengthy discussion in Forbes makes very clear: https://www.forbes.com/sites/peterjreilly/2020/08/15/irs-carves-back-tcja-inventory-relief/?sh=588a3f633bac "Section 471 materials and supplies are used or consumed in the taxable year in which the taxpayer provides the items to its customer. Inventory treated as nonincidental materials and supplies under this paragraph (b)(4) is not eligible for the de minimis safe harbor election under §1.263(a)-1(f)(2)"