neilbrink

This is probably the most modern facility in the world. http://pasturedairy.kbs.msu.edu/robotic_milking/leed_barn/

Client died in 2013 and has a refund on his individual tax return. Trust was establised after death and the trustees of the trust dept at the bank are handling the filing of the individual 1040. On Form 1310, a "person" must be claiming the refund. When Part 1, A&B do not qualify, then Part II comes into play. There has been no court appointed personal rep. The trustee could sign the form, but would have to do it as a "person". Is there another form available whereby the trustee can sign for the refund using the Bank trust ID number?

So why did the IRS accept the farmer's form 943 that was efiled with the EIN? And also, the W-2s with the EIN were accepted on-line by Social Security.

Error report says "Form W-2, Line B 'EmployerEIN' was issued after the Tax Year in the Return Header". Employer is a farmer and was going to issue 2013 W-2s using his social security number. Instead he was issued his EIN in January, 2014, and used the EIN for the 2013 W-2 forms. Am I assuming correctly that he needs to redo the W-2 forms using his social security number? His W-2 infomation has already been efiled with and accepted by Social Security using the EIN. So evidently, Social Security is not concerned about when the EIN was obtained, but the IRS is. Does anyone have any experience in handling a situation like this?

Client was overpaid $6746 in 2012 by an insurance company for disability benefits and paid them back in 2013. He has a letter from the company that is a "Claim of right" letter that allows him "to either claim credit on your current income tax return for taxes paid on your prior income tax return or, take a deduction on your current income tax return." On what line do we claim the tax credit? Line 53, Other credits?

This is the part of the instructions that has me baffled: "Not commuting - You have at least one regular work location away from your home and the travel is to a temporary work location in the same trade or business, regardless of the distance. Generally, a temporary work location is one where your employment is expected to last 1 year or less." The worksites that he drives to are for jobs that are temporary.

The work sites vary from day to day, but usually within close proximity of his work base. It is a long drive to his work base, but the company usually has him driving directly to the work site each day, and then he drives home each night. This is a new job, but the time frame is permanent in duration. I see this as all commute.

Does anyone see anyway that a person driving to different construction worksites each day and returning home each day, can take a mileage deduction if he is not ever away overnight?

Thanks.

In Payroll 2013, I have 1099 forms ready to be transmitted to EFC for efile, but when I hit the transmit button, I get this message. Anyone else having the same problem? Any suggestions?

Never mind, I figured it out.

In a trust return, isn't depreciation on an asset as part of rental property, supposed to flow to Schedule E? What am I doing wrong?

I now have received the "reject" notice from the IRS, not accepting the Social Security number as "payor". "The payor Identification must match the payor name".

What does your package include? Is it capable of providing service for all states, localities? Cost?

The self-directed IRA account holds stock as well as cash. Client is over 70.5 and takes a distribution each year.

I did call the bank and talked to the young lady who prepared the form. She is in the trust department, has been there for 4 years, was instructed to complete the forms in that way, and has been doing so for the last 4 years. It is an IRA account. It has been set up as a self-directed IRA account, and the bank only prepares the forms for her. Her explanation was that since the Bank Trust department is the custodian, and since the Trust department does not have a Federal ID number (only the Bank has the federal ID number), then they had to use her own social number for the Payor.

New client brings in her forms that include a "self-directed IRA" form 1099-R. The PAYOR box shows the Payer's name as *Client*, Self Directed IRA, (Local Bank) Custodian, and the local bank's address. However, the PAYER's Federal identification number is the client's social security number. The recipient is stated as the client with the client's id number being her social security number. Both the Payer's ID number and Recipient's ID number are the same, which is the client's social security number. The 1099-R form looks like it was hand typed (couple of mistakes). My ATX program did not want to take a social number as the Payer's Federal ID number. I am wondering whether this will even go through the efiling system.

I have not had a single crash since the update!!

Swiss Cheese for my sandwich and crumpled blue cheese for my salad.

When the stock is being held in paper and the company has gone out of business. There is no investment firm involved, so no statement showing it is worthless stock. We do have a basis - client kept the statements that show all the purchases she made through the years, but how do we input that info onto the Schedule D?

Obviously, the point of the March 15th deadline, and the penalties for not meeting that deadline, is to make sure the shareholders have their information in a timely manner. However, if there is only 1 shareholder, and it is only involving that one individual who is making that decsion, why would the IRS care if he decides to be late or not? It is only effecting his own personal return filing.

"You mean we're not getting money back, and we have to pay in?", looking at husband.

In this case it is a single shareholder.

For someone who did not file the 1120S or an extension by March 15, should we go ahead and file the extension now?

Yes!!