Lee B

Interesting question, I look forward to the answer

So far this year I have no new complaints about Drake. I think I have called into Drake Support twice this year and I had to upload my return to them and my problem was solved quickly. Sometimes their diagnostic messages can be a bit hard to decipher.

All at the same increased SNAP AND WIC benefits are expiring and millions of people will lose their Medicaid benefits due to the end of the expanded Covid programs.

Also, if it qualified , your client would have received all of the relevant manufacturer information at the time of purchase. It's not our job to figure this out.

Although my quote is from irs.gov, the search function in irs.gov is really pathetic. I post quotes from irs.gov, but I find them with my browser.

According to the Tax Book with respect to 2022 Residential Energy Credits, "Costs are treated as being paid when the original installation of the item is completed."

Flip a coin

Drake has a small subsection titled, "MFS claiming spouse exemption" Checkbox # 1 - Spouse not filing return Checkbox # 2 - Spouse has no US income

Yes, but you would have to amend your business registration.

It's official: "Intuit has announced changes to QuickBooks Desktop for 2022. Most notably, Intuit will now only be selling its Pro, Premier, and Mac products as Pro Plus, Premier Plus and Mac Plus subscriptions." "Users will only be able to install QuickBooks Desktop 2022 on computers running 64-bit Windows."

"You can now file Form 1040-X electronically with tax filing software to amend 2019 or later Forms 1040 and 1040-SR, and 2021 or later Forms 1040-NR. "

Copied from page 16 2022 Form 1040 instructions: "Married Filing Separately If your filing status is married filing separately and your spouse itemizes deductions on their return, check the “Spouse itemizes on a separate return or you were a dual-status alien” box. If your filing status is married filing separately and your spouse was born before January 2, 1958, or was blind at the end of 2022, you can check the appropriate box(es) on the line labeled “Age/ Blindness” if your spouse had no income, isn't filing a return, and can't be claimed as a dependent on another person's return." Randall, I apologize. My only question is what does the phrase, "if your spouse had no income" mean?

I can see that you are determined to get the extra $1400, but IMO you are tilting at windmills.

"Note. For information on the federal tax consequences of elective changes in classification, see Regulations section 301.7701-3(g)." Reading the instructions for Form 8832, it may be possible in certain situations if you meet the necessary requirements, however it may have undesirable consequences.

I had a client with this situation 5 or 6 years ago. Depending on dates and how the details of how the the 2nd partner departed, a final partnership return would be filed. The LLC by default with only 1 member left becomes a disregarded entity filing a Schedule C under their SSN. If there are payroll employees of course a new EIN would be required. Also the PTS EIN would need to be officially closed.

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What does the Penalty Letter say?

IRS Fact Sheet 2022-13 Q # 9 "9. No. If you are married and you file your tax return using the filing status married filing separately, you may be eligible for the premium tax credit if you meet the criteria in section 1.36B-2(b)(2) of the Income Tax Regulations, which allows certain victims of domestic abuse and spousal abandonment to claim the premium tax credit using the married filing separately filing status. You can claim this relief from the joint filing requirement if you meet all of the following criteria: You are living apart from your spouse at the time you file your tax return. You are unable to file a joint return because you are a victim of domestic abuse or spousal abandonment (see Q13). You certify on your return that you are a victim of domestic abuse or spousal abandonment."

"As of March 25, 2023, we are updating how you sign up for and access a Business Services Online (BSO) account for the following services: What does this mean for you? On March 25, 2023, current and new BSO users, wishing to use the above services, will use SSA’s Public Credentialing and Authentication Process (eAccess) to access employer services. The first time a visitor goes to the employer webpage after March 25, 2023, they will be redirected to the Social Security Sign In page to start the authentication and registration process. BSO users will need a separate Social Security online account, for example, a my Social Security account that was created before September 18, 2021, or have an existing Login.gov or ID.me account. If you do not have a Social Security online account or a Login.gov or ID.me account, you will need to create one from our Social Security Sign in page. This is a new requirement to access BSO employer services. Once the credentialing and authentication process has been completed, current BSO User ID(s) will be associated with your new credential. Frequently asked questions Can I sign in with my personal my Social Security account username and password? Yes. If you have created a my Social Security account prior to September 18, 2021, you can use the username and password to sign in once redirected from the employer webpage. The username and password will be associated with your BSO User ID. Are there any actions I can take prior to March 25, 2023? If you don’t already have an existing Login.gov or ID.me account, you can create one now. Please note your account will not be associated with your BSO User ID(s) before March 25th. You will need to visit our site after that date to complete the process. Why am I being asked additional identity proofing questions after I create my account? Social Security uses different levels of security depending on the sensitivity of the information being accessed. These additional levels of security are to ensure your information is protected. '

No, 2011 was the last year ATX was a compiled spreadsheet. The 2012 ATX Program was rewritten using a poorly selected shareware database called "Raven".

Well, what are the odds that the IRS will kick out a computer matching CP2000? They certainly did several years ago with my client for a clumsily handled IRA rollover.

IRS Tax Tip 2022-09 "This credit is non-refundable. This means the amount of the credit is limited to the taxpayer's taxes due for 2021. Any credit leftover from their owed 2021 taxes can be carried forward for up to five years."

I would insist on copies of the actual monthly statement from the first fiduciary showing the the distribution and the date distributed and the actual monthly statement from the second fiduciary showing the amount received and the date it was received. While it's possible that the distribution code is wrong it's equally possible that your client is wrong.

Keeping your business open by not paying your Payroll Trust Fund taxes is a really bad idea because the business owners are personally liable and filing Bankruptcy provides no relief.

Given inflation what is the likelyhood that FMV is less than adjusted basis.