Lee B

It will never be approved, won't fit on a postcard !

Yesterday and for an unknown number of days prior to that, the pins required to un thaw a credit freeze on Experian's website were being revealed by answering "none of the above" to all of the authentication questions. Experian says you should unfreeze and then create an new credit freeze which will create an new pin. Here is a link for more details: https://uspirg.org/news/usp/you-should-change-your-experian-credit-freeze-pin

If it was moveable on wheels then it would be 7 year property.

I believe that for vehicle taxes to be deductible, they have to be based on value like a property tax.

It wouldn't be the first time that property has been sold without the simultaneous transfer of title.

Voila, you have answered your own question.

I can't speak to last year since I switched to Drake for 2017. However ATX keeps backup copies of all your efiled returns. Prior to last year they were offering access to their backup copies for $99.00

"Under the interim guidance, taxpayers may deduct 50% of an otherwise allowable business meal expense if: The expense is an ordinary and necessary business expense under Sec. 162(a) paid or incurred during the tax year when carrying on any trade or business; The expense is not lavish or extravagant under the circumstances; The taxpayer, or an employee of the taxpayer, is present when the food or beverages are furnished; The food and beverages are provided to a current or potential business customer, client, consultant, or similar business contact; and For food and beverages provided during or at an entertainment activity, they are purchased separately from the entertainment, or the cost of the food and beverages is stated separately from the cost of the entertainment on one or more bills, invoices, or receipts. The IRS will not allow the entertainment disallowance rule to be circumvented through inflating the amount charged for food and beverages." Here is the link for the complete article: https://www.journalofaccountancy.com/news/2018/oct/tax-deduction-meal-entertainment-expenses-201819848.html?utm_source=mnl:alerts&utm_medium=email&utm

You are required to inform your client of their obligation to file the amendments and the resulting tax consequences. The sticky wicket is " Will your client pay you to prepare the amendments?" They could choose to wait and see if they receive any correspondence from the IRS. However that doesn't change the fact that you need to prepare the amendments, whether or not they decide to wait and see. They could also choose not to file the amendments, because you can't force them to file. A real life "Catch 22!"

If you are saying that he is an officer of a C corp and he is reporting tips that he received due to being an employee of the C Corp, then he is correct.

I have never read anything suggesting these expenses are deductible pre rental. Take a step back and look at the bigger picture. Until this property is ready and available to be rented, it is not rental property, it is investment property. Once you consider your questions in those terms, it should then be fairly easy to answer these questions.

For tax purposes, the donor should have sold the land, harvested the capital loss even if it ends up being a carry forward, then given them the cash .

No cites, but to best of my knowledge: 1. Unused Investment Interest continues to carry forward. 2. When FMV at the the time of gifting is less than donor's basis, then the FMV is the donee's basis for the purpose of calculating a loss. 3 When calculating a gain, then the the donor's basis is used. 4. If the donee sells the land for less than the donor's basis but more than the FMV, then there is no gain or loss.

Are you saying that you didn't even get an acknowledgement of the transmission to the EFC ?

I did write up work for a small U S Subsidiary of a Swedish Corporation for 4 or 5 years. The Swedish employees had 36 paid holidays every year. Just let me say they were a well run very profitable company. It really doesn't matter how many or how few holidays the employees have. What matters is how productive the work force is !

Clarification: The changes in the original draft of the 2019 W -4, while delayed by one year, will be implemented in the 2020 W -4.

For 2018 Oregon created a supplemental worksheet, OR-WW, to help employees determine whether their state withholding is correct. For 2019 Oregon will be releasing an Oregon only W - 4.

Apparently a bit of common sense actually prevailed, "Following feedback from the payroll and tax communities, the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020. The 2019 version of the Form W-4 will be similar to the current 2018 version. A new draft version of the W-4 for 2019 will be available in the coming week."

The days of faxing in a POA while on the phone with an IRS representative may be coming to an end. "The Internal Revenue Service has not implemented sufficient processes to authenticate the validity of Forms 2848, Power of Attorney and Declaration of Representative, and Forms 8821, Taxpayer Information Authorization, the Treasury Inspector General for Tax Administration said in a report released Aug. 30. The forms are used to designate powers of attorney or representatives on behalf of taxpayers, TIGTA said. “Tax examiner reviews of these forms do not include steps to verify that the legitimate taxpayer submitted or signed the form to authorize access to his or her tax information,” the report said. TIGTA, which provides independent oversight of IRS activities, made seven recommendations, including that the IRS develop a confirmation letter program to ensure that taxpayers authorized third-party access. The IRS agreed with six recommendations and partially agreed with a recommendation to correspond with representatives and designees assigned multiple centralized authorization file number."

You didn't say whether this happened in 2017 or 2018? It matters because of the TCJA.

Get a grip, this is way overblown ! Microsoft is providing free extended support until January 15th, 2020 , when all support was scheduled to end, which was announced years ago. Apparently they intend to offer paid extended support for 3 extra years, which is exactly what they are still doing with XP on a contractual basis for the IRS and other large institutions. Obviously they see a chance to make some extra profit due to the large number of Win 7 systems still up and running. Captured aliens are being kept in Area 31

The problem with buying systems at Costco or Sams Club is that the internal components may be of lower quality to achieve a desirable price point. I have purchased Dell systems thru Dell online for over 20 years without any problems, except that my current Win 7 Pro 64 bit system will have graphics driver problems several times a month.

One could argue that you have received a benefit by structuring the transaction this way so that there is no additional deduction to be claimed.

I sure hope they can come up with something better than the first draft, which was way worse than the 2018 W -4 ! "The planned final release of a revamped 2019 Form W-4, Employee’s Withholding Allowance Certificate, could be delayed a year, a source familiar with the revision process the Treasury Department is applying told Bloomberg Tax on Sept. 6. Members of the payroll and service-provider communities said in comments to the Treasury Department that failing to finalize the 2019 draft by midyear would severely hamper the ability of many employers to effectively adopt the changes of the new form in time for 2019. A draft 2019 Form W-4 was released in June and a second draft was planned to be released in August, but there is no date for when a second draft would be available, Scott Mezistrano, IRS representative for industry stakeholder engagement and outreach, said Sept. 6 in a monthly payroll industry teleconference. A release of the W-4 with its significant changes at this time of year likely means constrained time frames for design, programming, analysis, and the significant testing needed to ensure proper implementation, said Pete Isberg, president of the National Payroll Reporting Consortium."

Medicare announced today, "To provide additional flexibility for those in need of a hardship exemption for 2018, CMS is announcing that consumers can claim hardship exemptions either by obtaining an ECN through the FFE using the existing application process, or on a federal income tax return without presenting the documentary evidence or written explanation generally required for hardship exemptions."