mrichman333

Thank you

I have a customer with a irresponsible husband who decided to have next to nothing withheld from his pay and he took an early distribution from his retirement account back in 2010 he result a tax due of $5,907. I filed a instilment agreement with them that they only kept up with for a few months. 2011 she filed separately and they took her $3.112 refund 2012 she filed separately and they took her $1,180 refund 2013 she filed separately and they took her $1,343 refund With all the interest and penalties' she owes the IRS $6,998.86 She just came to my office with a 1 inch pile of papers from the IRS. The woman at the IRS office told her to file innocent spouse relief. WHAT. She doesn't qualify as I see it. for 1. there wasn't a "understated tax" due to erroneous items Then there is Separation of liability relief. She doesn't qualify because they are not divorced or legally separated and they ARE members of the same household. Finally there is Equitable Relief Which I don't see her qualifying for either SO what to do. She goes to the IRS office and is told to file for innocent spouse relief and I tell her she doesn't qualify or do I just file it and let the IRS reject her.

PLEASE TELL ME I'M WRONG. Do I need to recalculate all assets being depreciated in prior years and still has a life left? And what if everything is the same, for example, the treatment of assets and repairs in prior years would be the same under the new regs.

People like her are becoming more and more common place. There isn't any shame anymore either, in fact some are proud of the way they live.

It sure would be nice if the IRS had some decent resources, PLEASE!!! For goodness sake, I looked at their archived webinars and did a search and NOTHING!!!!!! So thank you for the links

I'll give them a call latter and see what they say. If it doesn't allow you to chose how to divide the itemized deductions then it is a totally useless tool.

This is my third year using one-desk and for the first time I tried to use the MFJ/MFS tool. I could have easily figured it my self for this couple but thought it would be nice to print it out for them. Well it came up with a CRAY number for their Itemized deductions. Total itemized deductions were $28,663 (Real-estate tax, state tax, Mortg. Int and Mortg. Insurance) It showed the joint return totals which were exactly as in the return. BU for Him it shows $28,492 in itemized deductions and $20,756 for her Has anyone used this feature? It makes me nervous when a feature doesn't work because I start to wonder what else isn't working that's not so obvious

I got the same letter

I also make copies of all documents, that way I know if I missed something or the client forgot to bring it to me.

Jack, your right about the boss, I'm sure he has no idea of how to set things up. One thing I didn't point out though was this employer has under 50 full time employees so he is not subject to the ACA. Does that make a difference?

I agree. But this person is also a friend and tells me his boss is clueless and could not answer any questions. If it turns out it is taxable down the road and he has to pay back taxes on it, it will be a burden for him. I also would like to understand this issue so I can advise people if they ask.

Thanks. I'm telling him if his paystub says it's nontaxable it's nontaxable don't worry about it.

A database. LOL at the IRS lol that WORKS lol If they can get a database I would suggest that no more then two refunds be able to be sent to a single foreign address. Refunds with a China or some third world country address should be carefully scrutinized.

OK, I'm confused!!!! I'm looking at pub 969 page 17 http://www.irs.gov/pub/irs-pdf/p969.pdf "A health reimbursement arrangement (HRA) must be funded solely by an employer. The contribution cannot be paid through a voluntary salary reduction agreement on the part of an employee. Employees are reimbursed tax free for qualified medical expenses up to a maximum dollar amount for a coverage period. An HRA may be offered with other health plans, including FSAs......... there are no reporting requirements for HRAs on your income tax return." "What are the benefits of an HRA? You may enjoy several benefits from having an HRA. Contributions made by your employer can be excluded from your gross income"

The employer uses ADP

Then according to this if the employer sets it up correctly it is not taxable https://www.tasconline.com/biz-resource-center/plans/health-reimbursement-plan/

His paystub has it listed as non-taxable. How would you advise him? Then what the point of Section 105 for reimbursement of the premiums paid for individual ("personal") health insurance policies http://www.zanebenefits.com/blog/can-employers-reimburse-employees-individual-health-insurance-in-2014

So as long as the employee actually uses the money for heath insurance and the employer classifies it as a reimbursement for such it is non taxable

Ok, I just got a call. A small business stopped providing medical insurance because of increases but increased this persons salary by what the employer was paying in premiums. The first paystub shows the increase as non taxable income. How dos that work???

Did you ever get the program updated?

great

Ok Dan walked me through it.

So my computer got dropped and I don't have the CD's so I prepared a 2012 and 2013 on the web version. IT STINKS!!! I was able to transmit the 2013 FED but not state return. I have been trying for 30 minutes tring to get to the point where I can efile the 2012 return. I am having NO LUCK. Anyone use the web version that can help me??

When I told her $800 she said wow, that what the last person charged me for my 08 return. And she gave me a copy of her 08 file which had the bill in it. This is how it went Review of information and preparation of extension $110 Review preliminary income tax return and underlying data 220 Preparation of 1040 277.50 Email client and make final revisions for 08 income 110 Process tax return 82.50 Subtotal 690.00 Total charges $800

OK, I have been a big "Under-Charger" and have been trying to change. I just did the years 2009-2013 for a woman, 09 was a Sch. C, The rest a couple of W-2's. each year. I charged $800 Her son had 4 W-2's I charged $75 Did I do good or bad?