Lee B

The $ 895 should have been reported on a W - 2, not a 1099, therefore her income should be reported on Schedule C, subject to SE tax. The fact that she did this once doesn't change the character of the work.

My take is that the second Schedule C may not be elgible for QBI. On this point it got pretty deep in the weeds. Glad I don't have a client in the situation. Good Luck !

I may be wrong, but I would start up where you left off, in order to keep track of depreciation for purpose of calculating exclusion of gain on future sale of this home.

First, I would allocate the total price between Land and Bldgs. Then I would divide the the Land total by 4 and the Bldg total by 4.

According to an article I read this morning, last year there were more than 1 Million refunds with EITC & ACTC that were subjected to "enhanced electronic scrutiny" which delayed the refunds until mid March. A similar number of delayed refunds are expected this year. I just love the phrase"enhanced electronic scrutiny."

I have a client who had post tax HSA contributions deducted from his pay for a number of years. I had to get his final paystub each year and compare it to his W-2 to make sure.

I much prefer Catherine's answer, since netting may not even change their taxable income if they take the standard deduction and probably trigger an IRS letter due to no match of the 1099s.

Copied from the Instructions for Form 5695: "For purposes of both credits, costs are treated as being paid when the original installation of the item is completed"

I have seen these same valuation issues happen before with commission salesmen receiving non cash prizes valued at retail list. I currently have a client who is a retired Airline Stewardess who receives a W -2 for the free flights she still receives as part of her retirement benefits which are valued at the upper end of what a passenger would pay. These are normally W-2s or 1099s coming from large companies who have their own accounting/tax experts who have researched this area extensively. They aren't going to change. While you may strongly feel this is a rip off, you are doing your client a disservice, because you aren't going to win!

Perhaps you have forgotten about the infamous "shoe bomber"?

Based the lead sentence in the announcement, "The IRS and its Security Summit partners today called on tax professionals to use the free, multi-factor authentication feature being offered on tax preparation software products.", it includes desktop software.

If the dealer picked up the equipment, there must have been an unpaid equipment loan. Suggest you make some inquires as to the status of the loan, sometimes the issuance of a 1099 C is some years down the road, since there may have been ongoing collection action for several years.

The most problematic issues are: Paragraph 1 - the detailed table of fees per form for preparers like myself that don't charge by the form. Paragraph 2 - the explicit steering of prospective clients to FreeFile and to VITA which doesn't bother me since I have very few clients that would qualify. I wonder how much Intuit and H & R Block have to do with this bill they have pretty much done everything they could to misdirect people away from FreeFile toward their fee based software.

In Oregon since the state standard deduction is so low, we have a new Oregon Schedule A, therefore anyone that owns a house will itemize for state purposes.

One of the reasons that I left ATX for Drake several years ago was the release of Oregon Business Entity Forms kept getting later and later. The last week in February was way too late for me!

There have multiple lengthy threads about this topic for the past several months. Instead of asking us to regurgitate what has already been posted, I suggest you read those threads. It's the employer's responsibility to follow their employees W - 4 as filed nothing more.

You have a potentially big issue here, because when the bldg is distributed to the owner from an S Corp, IRS rules require it to come out at FMV, which if the bidg has been in the S Corp for awhile, more than likely would trigger a large taxable gain. In the past I have had to head off several clients from setting up S Corps to hold rental property for this exact reason.

I don't put phone numbers and emails on returns unless I am forced to. My state of Oregon is rapidly moving toward requiring phone numbers and emails on almost all returns. However, unless a client is totally off the grid, their phone number and email is on thousands of servers and more likely than not due to all of the data breaches is also available on the dark web available for sale.

Sounds like they are employees on monthly salary.

This has been an ongoing problem ever since the program was rewritten about 8 years ago. During the printing process the printer cache gradually fills up with garbage until the program crashes or stops printing. The only fix is to exit the program and clear the printer cache or rebooting your computer which also clears the printer cache.

There is a thread which started last Thursday with 10 posts discussing your question.

The Tax Book says to "report unreimbursed volunteer expenses as cash contributions. Do not report them on Form 8283." Pub 526 probably has more details on this.

When I was still using ATX, I would always have to lower the level of security in the UAC so that ATX would run properly.

Copied from IRS enews: 3. IRS, partners nationwide mark Jan. 31 as "EITC Awareness Day" The IRS and its partners nationwide highlight the Earned Income Tax Credit on Jan. 31, "EITC Awareness Day." Outreach events and activities are scheduled to promote EITC awareness around the country. For more information about the EITC or to use the EITC Assistant, visit IRS.gov/eitc. Fortunately, I do very few of these returns

Fortunately, I have all of my year end payroll stuff buttoned up and I just finished my monthly client billing. Nest week will be devoted to payroll processing, then I can start thinking about tax returns