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ETax847

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Posts posted by ETax847

  1. A prospective client wants me to amend her 2022 Filing.  I did not file the original 2022 tax return and when I asked for the source documents, she provided me with a handwritten K-1.  Would anyone file a tax return off of a source document that was handwritten? 

  2. Before the deadline, I had previously filed the client's Federal and WI tax returns.  Just learned of IL income that needs to be included on an IL tax return.  Can I add the IL state return to the original file or do i need to create a copy and add the IL tax return in and E-File it from the copy?

  3. I have a new client who is a resident of IL.  He is a consultant and is W-2 shows in come for 4 states: IL, NY, CA, and MA.  For CA and MA the W-2 shows a portion of the income that was earned in that state.  For IL it shows 80% of the income being earned in IL and 100% of the income being attributed to NYC.  Does anyone know how this is to be reported among the states?

  4. I mailed a few tax documents back to the client via a sealed envelope, First Class Mail.  The client received the mailing without its contents and a letter from the post office Rewrap unit say the mailing was damaged during processing.  Has anyone ever had this happen? The client is freaking out and rightfully so.

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  5. Client's spouse lived in Canada for the entire year and earned $45,000 US dollars for her work.  When I am completing the Foreign Earned Income Schedule to exclude the income,  the entire $45k is showing up on Line 8 "Other Income" as a negative amount.  I would have expected this income to just be excluded not be a deduction.  Any idea as to why this is being reported as it is on the 1040?

  6. 19 hours ago, Lion EA said:

    Who is legally required to pay them? Who actually paid them? Pacun's question is key.

    The house is in the husband's name so he is technically required to pay them.  The wife shares the expense by paying 50% of the property taxes and 50% of the mortgage, but she pays her husband directly, and he pays the bills from his own bank account

  7. 22 hours ago, Pacun said:

    Which one is your client? As you can see, you might have a conflict form the get go.

    They married couple are both clients, but will be filing their taxes separately.  They were wondering how to split up their itemized deductions, 50/50 or is it deductible only to the individual whose bank account the payments came out of?

  8. I have a client who will be filing as MFS for the 2022 Tax Year.  He made the property tax and mortgage payments from his bank account in 2022.  His wife paid for 1/2 of these expenses throughout the year.  Are the each allowed to claim 1/2 of the prop taxes and mortgage interest, if the payments were made only from the husband's bank account?

  9. Prospective client has made $20-40k in gambling income for the last 3 years.  Prior to me, he has been claiming this income as self-employment income on his Sch C.  He says he devotes 2-4 hrs a day to gambling on top of his regular W-2 job.  Has anyone dealt with anyone who claims to be a "professional gambler"?

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