Lee B

Very interesting, the 2019 Form 1040 that I efiled about 10 days ago was acknowledged by the IRS yesterday and by Oregon today?

Exactly, since no other option was given except calling the generic number

As far as changing your direct deposit account info other than when filing your tax return, all a quick search found was to call the IRS at #-###-###-1040.

I only have one client who received an EIDL Grant, which is not taxable. I am showing it in Other Income on their financial statement. Then I am showing as an M -1 item, Line 7. It should balance.

Here is the most detailed article I can find copied from Forbes: "Another round of stimulus checks is being distributed across the country. But does that mean non-citizens who reside in the United States will receive the check? In some cases, yes. The second stimulus package has specific eligibility requirements for who can receive a stimulus check. Lawful permanent residents and some qualifying resident aliens with Social Security Numbers will receive a payment. Calculator: Estimate how much your stimulus check could be Which Non-U.S. Citizens Are Eligible for Stimulus Checks? First and foremost: Only people with valid Social Security numbers will be eligible to receive a stimulus payment. That means undocumented immigrants and immigrants who file their taxes with an Individual Taxpayer Identification Number (ITIN) are not eligible for a payment. There is one specific difference with this stimulus package compared to the CARES Act, however. In the spring, families with mixed immigration status, where one family member filed tax returns with an ITIN, disqualified the entire family from receiving stimulus funds. Nearly 5.1 million U.S. citizens or permanent resident immigrants in the spring were affected by the provision, according to The Guardian. The most recent stimulus package now includes those families. Here are the non-U.S. citizens also eligible for stimulus checks (if they have a valid Social Security number): Lawful permanent residents Lawful permanent residents are individuals who are legally residing permanently in the U.S. as an immigrant, according to the IRS. Generally, these individuals are granted an alien registration card, also known as a green card. Qualifying resident aliens It’s possible to be a qualifying resident alien without having a green card. Under IRS guidelines, this includes people who are physically present in the U.S. on at least 31 days during the current year, 183 days in the past three years (including the current year) and have a valid Social Security number for employment. These individuals cannot be claimed as a dependent of another taxpayer in order to be eligible for a stimulus check. That means participants in the Deferred Action for Childhood Arrivals (DACA) program (commonly referred to as DREAMers), Temporary Protected Status (TPS) individuals and H1-B visa holders with Social Security numbers are eligible for stimulus checks. There are certain people who might pass the substantial presence test mentioned above, but are exempt individuals—meaning they are nonresident aliens and don’t qualify for stimulus checks. That includes: Foreign government-related individuals. That includes people those under an “A” or “G” visa (except for “A-3” or “G-5” visa holders). Teachers or trainees. They typically hold “J” or “Q” visas. Foreign students. This includes those who hold a “F”, “J”, “M” or “Q” visa. Professional athletes. This includes those temporarily in the U.S. to compete in a charitable sports event. Don’t Forget: U.S. Citizens Living Abroad are Also Eligible for a Stimulus Check U.S. citizens who live abroad are still eligible for a stimulus check as long as they meet the income thresholds and other qualifying criteria. Those individuals will receive their payment the same way they received the first stimulus check in the spring; it will either be a direct deposit into the bank account on file with the IRS, or sent as a paper check to the address listed on your 2018 or 2019 tax return. If you didn’t receive your first stimulus check, you will be able to claim it when you file your 2020 taxes this spring by claiming the Recovery Rebate Credit with Form 1040 or 1040-SR. It’s unclear yet if this will be the same process to claim the $600 amount presently being distributed, but it’s likely." I have a business client whose family has one spouse with a valid SSN, one spouse with an ITIN and two children with valid SSNs, one age 16 and one age 18 to which this applies.

I read one article that said the CAA section that authorized stimulus payments to any qualified family members what had a valid SSN was retroactive to 3/21/20 even though one parent had an ITIN. I have not seen any other information about this.

If you search the board you will find many lengthy threads about this problem in past years. Assuming it's the same problem as in years past, basically the ATX program fills up your print buffer with garbage, then it crashes when the buffer overflows. When you reboot your system, your print buffer is cleared allowing you to use the program again. If you search the old threads there are more direct ways to address the problem.

If the expenditures that were not capital improvements were done with the intent of preparing the property to be sold, wouldn't those expenses be deductible as additional sales related expenses i.e. painting and etc. ?

This is going to be a real mess! The state of Ohio has identified 62,000 fraudulent unemployment claims for which erroneous 1099 Gs have been mailed. The state of California back in November had 77,000 active investigations of fraudulent unemployment claims. A lot of tax refunds are going to be held for months!

Maybe it's a "Trojan". Are they asking you to send $$$ in bitcoin to the Ukraine?

It's even worse for smaller states like Montana, some of their state forms aren't available in ATX until the end of February, first few days of March. The last 3 years I was with ATX, I was never able to file an Oregon business entity tax return until the end of the third week of February.

That's the wonderful thing about opinions, everyone has one

See current FAQ # 38

From Line 23 Worksheet 3-1 in Pub 17 "3. Enter the amount others provided for the person's support. Include amounts provided by state, local, and other welfare societies or agencies. Don’t include any amounts included on line 1 .." It appears that support provided by public benefit agencies does count toward the total in determining whether the 50 % support test has been met.

"The IRS is advising taxpayers who received a suspicious incorrect Form 1099-G for unemployment benefits they didn’t receive to contact the state agency that issued it to ask for a revised Form 1099-G indicating they didn’t receive the benefits. Besides unemployment benefits, the Form 1099-G can also be for other government payments such as state and local tax refunds, agricultural payments, taxable grants and reemplyment trade adjustment assitance payments. Many state unemployment agencies have been overwhelmed with unemployment claims over the past year and have been slow to respond. The IRS said taxpayers who can’t get a timely, corrected form from their states should still file an accurate tax return, reporting only the income they received. “A corrected Form 1099-G showing zero unemployment benefits in cases of identity theft will help taxpayers avoid being hit with an unexpected federal tax bill for unreported income,” said the IRS. The IRS noted that it previously issued guidance that states had requested about identity theft and unemployment compensation reporting, specifying that no Forms 1099-G should be issued to those individuals whom the states have identified as ID theft victims. Nevertheless, incorrect forms have been going out anyway. The IRS added that taxpayers don’t need to file a Form 14039, Identity Theft Affidavit, with the IRS about an incorrect Form 1099-G. The identity theft affidavit should only be filed if a taxpayer’s e-filed return has been rejected because a tax return using the same Social Security number has already been filed. If taxpayers are worried their personal information has been stolen and they want to protect their identity when filing their federal tax return, they can ask for an Identity Protection PIN from the IRS. The IP PIN is a six-digit number that stops an identity thief from filing a tax return using the taxpayer’s Social Security number. The IP PIN is known only to the taxpayer and the IRS, helping the IRS verify the taxpayer’s identity when filing their electronic or paper tax return."

Boy, we have we have a lot of opinions about this question, if all else fails go to the IRS FAQ page "Q A5. Does someone who died qualify for the payment? Why did the IRS send payments to deceased individuals? (updated November 10, 2020) A5. No, a payment made to someone who died before receiving the payment should be returned to the IRS by following the instructions in Topic I: Returning the Economic Impact Payment. Joint filers with a deceased spouse: For payments made to joint filers with a deceased spouse who died before receiving the payment, return the decedent’s portion of the payment. This amount will be $1,200 unless your adjusted gross income exceeded $150,000" "Will a deceased individual receive the payment? (added January 5, 2021) A payment won’t be issued to someone who has died before January 1, 2020. If you filed a joint return in 2019 and your spouse died before January 1, 2020, you won’t receive a $600 payment for your deceased spouse, but you’ll still be issued up to $600 for you and $600 for any qualifying children, if all other eligibility criteria are met. Regarding eligible individuals who died in 2020, the Recovery Rebate Credit may be claimed on line 30 of their 2020 tax return. Please refer to the instructions for the 2020 Form 1040 for more information."

"Most tax professionals found last season’s filing extension to July 15 helpful and want another this season, according to a recent survey from the National Association of Tax Professionals. Of the 589 respondents, 61.8 percent reported that they thought the July 15, 2020, filing extension for individual returns was positive for them as a practitioner, and 77 percent of tax pros thought the extension was positive for their clients. More than half (53 percent) of respondents favor another filing extension in 2021. Other findings of the survey include: 73 percent of respondents expect the lack of guidance from the IRS on new tax provisions related to COVID-19 relief to be the biggest challenge for 2021. Two out of three respondents expect the biggest challenge for taxpayers in the 2021 filing season to be understanding the tax impacts of COVID-19, including the Economic Impact Payments, COVID distributions and the Earned Income Tax Credit. Almost four out of five (78 percent) believe the delay in processing 2019 returns will affect the 2021 season."

Where I was going with this now that I have time, in my state Partnerships and LLCs are required to have Operating Agreements which spell out what needs to be when depending on changes in the organization which would include dissolution, formation etc.

I have always reported it then claimed the exemption to ensure that my client doesn't get a letter, which I would have discuss with the client and respond to the letter.

You may be in a situation where the taxpayer can meet Head of Household requirements but not dependent requirements. Meeting the 50 % support requirements may be a tough hurdle. You don't say anything about Mom's income and what it pays for.

Yeah, this was another reason I left ATX for Drake 3 Tax Seasons ago, tax form approvals consistently being several weeks later than Drake!

Did they also execute the necessary partnership legal documents and LLC Documents to do the same. You can't just retitle things without these documents.

The key question is did they legally move and retitle the assets? The answer to this question will determine what you do If not, then the LLC is just a shell with nothing in it.

As a practitioner I would go further and give my client a copy of the IRS Identity Theft Guidelines because what our clients need to do more than just get a pin: https://www.irs.gov/pub/irs-pdf/p5027.pdf I would also give them this link to the FTC's Identity Theft Resources: https://www.consumer.ftc.gov/features/feature-0014-identity-theft

IRS FAQ regarding the 2nd Stimulus Payment dated January 19th: "Receiving My Payment Will my second Economic Impact Payment be offset if I owe a federal tax liability, have a payment agreement with the IRS, or owe other federal debts? (updated January 19, 2021) No" Apparently the right hand doesn't know what the left hand is doing?