Lee B

Thanks Rita, your story made me laugh several times and now I have a big smile on my face

If you need a heavy duty laser printer, I think Canon currently makes the best laser printers.

Unfortunately Margaret, even though you efile your clients amended tax return, the IRS still processes all amended tax returns manually. So it will be at least 5 months, probably longer before this return gets processed.

Slippery Pencil's warning is timely since HP announced recently that you will have to use their OEM toner and ink with their new printers.

It would be taxable to me because I deducted the fee on my business tax return.

If we are talking about unpaid Payroll Trust Funds (Employee WH and Employee share of SS and Medicare) then you are in a whole different ballgame. Instructions for Form 843: "An abatement of tax, other than income, estate, or gift tax. Employers cannot use Form 843 to request an abatement of FICA tax, RRTA tax, or income tax withholding." As George H W Bush was fond of saying, "you are in very deep doo doo!"

Perhaps your client's outside basis isn't accurately reflected in their tax return.

Are we talking about Payroll Trust Fund taxes not being paid/

Good question which may not have a good answer because of how long it's taking the IRS to process amended tax returns. Since it's a small balance I would probably go ahead and pay it.

Make the structure fairly inexpensive like a carport.

It would be a taxable refund. It wouldn't bother me if I didn't receive a penny. It wasn't that much anyway.

"Fair Rental Days refers to the number of days that the unit was actually rented out- rather than the total time it was available to be rented."

Of course, you can start a business actively prospecting for customers late in the year and have zero income.

My understanding is fair rental days is the number of days actually rented. Personal use days are a combination of the days you, any family members and any friends that didn't pay rental stayed there.

I am sure the IRS will appeal this. It will be in court system forever.

Wash Sales ?

It sounds like a post death lump sum settlement to the dad. It just didn't get resolved and paid until after the dad died.

What's the $ amount in Box 3

Wow, so the realtor gets a 30 % commission?

At least this is a start, but they're so far behind. "In a major step in the new Digital Intake scanning initiative, the IRS has already scanned more than 120,000 paper Forms 940 since the start of 2023, this is a twenty-fold increase compared to all of 2022. This effort will expand soon to include scanning of Forms 1040 as well as Forms 941. The scanning effort is part of a multi-form, multi-solution scanning initiative known as Digital Intake."

"This case joins one of my favorites in my tax class, Henry v Commissioner, which Paul Caron blogged about a couple of years ago. In that case an accountant attempted to deduct insurance and maintenance cost from his purchase of a yacht on which he flew a red, white, and blue pennant with the numerals ‘1040‘ on it. Henry, like Avery, failed to provide enough evidence to sustain the connection between obtaining clients for his accounting practice and his yachting, and the Tax Court disallowed those expenses as personal nondeductible expenses under Section 262." This has to be my all time favorite Tax Court case Years ago I had a long meeting with prospective clients who earned commissions as independent contractors selling merchant card services to various businesses. They made a substantial amount of money, enough that they purchased a Million $ Marathon Motor Home. They were Accountant shopping looking for someone who would agree to deduct their Motor Home as a business expense. They argued that when they drove their Motor Home to the Oregon Coast, they would visit current customers and prospect for new customers. When I explained to them why they couldn't do that, they left still shopping for an accountant.

Sounds like Turbo Tax Client

". . . . .on the earnings"

Their income is down this year but no capital losses available and no 0 percent capital gain bracket available. Normally they're in the 24% federal bracket or higher.

Here is a list of all the state efile requirements: ( Although it's from Drake, it popped up in an online search ) https://kb.drakesoftware.com/Site/Browse/15778/1040-State-Signature-and-Declaration-Forms