ETax847

Efiled a client's return that has been accepted by the IRS. Client had set up electronic payments for making his estimated payments but has subsequently lost his job. How can I stop / amend the rest of the payments?

Client received a 1099-S for the gross proceeds from a sale of a property that he inherited. Is this taxable and where should it be reported? Any help would be greatly appreciated.

Is it possible to print out 1 1099 per page?

Thanks guys! Great feedback as always.

Need to create 30 for said client, but do not want to charge a less than competitive rate. Please advise

What do people generally charge to create a 1099 for a client? $20 per 1099?

Thanks guys!

Per the client, the special assessment was because the building had a huge project and the unit he bought had not paid the special yet so he had to pay it in full at closing which he did. It was for exterior work to the building and parking garage alterations. Based on that it was used for maintenance and repairs to the building, not the unit, how should I treat it?

A client had to pay about $10,500 in a special assessment to the building when he closed..... is there any way he can deduct that, and if so, where?

Thanks! Much appreciated!

For box 6a Foreign Tax Paid I have a dollar amount on the 1099b. The countries are various, however in box 7a, I cannot select "unknown country" Did something change?

I receive an error message after downloading the payroll program from the website. The ........config.dat could not be opened. Any idea how to get around this?

Thanks Bulldog Tom. That definitely cleared things up!

I have read conflicting things on this. The client is looking to treat this as a Sch A unreimbursed bus expense. I found the following indicating the opposite: "The way the Internal Revenue Service sees it, you did not pay anything for that ticket so there is no deductible expense. "There are no portions of Section 162 or case law that appear to justify that deduction," says CPA Paul Conway. Had you paid for your ticket with cash, it would be a different story, and that's where Section 162 of the IRS Code comes in. It covers business expenses, including what items are deductible, required documentation, business nature of the expense and overall reasonableness of the expense." Read more: http://www.creditcards.com/credit-card-news/award-flight-business_trip-tax_deductible-1433.php#ixzz2tDbuxRbA

I have a client who booked 2 flights for business using his award miles. Is this considered an unreimbursed business expense?

Jack to the rescue

Is there someone out there that is familiar with this schedule that I could bounce some questions off of?

A client of mine said he gave over $2k to his church over the course of 2013. Is any support needed to back this claim up?

That's what I was thinking. I was just looking on the IRS.gov website to source the info. Thanks for your help.

A client age 30, withdrew from his 401k plan to buy his first home. Is there any way he can avoid the 10% early withdrawal penalty? The 1099R is coded with a Distribution Code 1 (early distribution, no known exception) The clien's CFO is telling him that it was a qualified distribution and there should be no penalty. Please help

Is anyone noticing problems when the combine fed and state client letters. The paragraph order seems to be messed up. For example, I have prepared your 2013 federal income tax return based on the information you provided. Please review the enclosed copy, then sign the IRS e-file Signature Authorization Form 8879 and return it to me. When I receive the signed authorization, I will e-file your return. I have also prepared your 2013 Illinois 1040 individual income tax return based on the information you provided. Please review the enclosed copy, then sign the e-file Signature Authorization Form IL 8453 and return it to me. When I receive the signed authorization I will e-file your return. As requested, your federal tax refund in the amount of $1,907 will be deposited directly to your checking account. As requested, your Illinois 1040 tax refund of $96 will be deposited directly into your checking account. in 2012, it put all the fed stuff together then all the state. PLEASE HELP!

This reminds of an article I read where 10 tax preparers were given the exact same client information as part of a study and 9 out of the 10 produced a different outcome for the client as part of this study.

Client is a banker by day (w2) and a referee on weekends (1099). Can said client deduct his mileage incurred for trips to and from games?

I believe form 8829 is only to be used with a sch c, but since this a w2 employee, not sure what sch to use.

Thanks, and as for the home office deduction itself, where do I do the allocation? I see the worksheet, but I want to see what the deduction results in by using the actual method not the safe harbor. For a W2 employee what sched does the actual method calc take place?