Gail in Virginia

I can't figure out how to share a copy of it, but the April 13 comic strip Frazz was very on-point if you can look it up.  And if someone better at this than me can share it......

I thought it was a sarcastic comment but perhaps I was mistaken.  

From what I remember when disclosure was first required to be written consent, it has to be 8.5 x 11 paper and in size 12 font.  But I might be mixing that up with privacy policy.  I think NATP has sample forms for disclosure consent on their website if you are a member, or at least they use to.  

Most likely the SC address is causing the computer to think there is a nexus with SC that would result in the estate having a tax liability with that state.  

I was running out of room to put more bookshelves, and space under the pool table is full of boxes of books so for me a Kindle is a blessing -a while library that I can carry in my purse.  Never again will I be caught somewhere without something to read.  If for some reason I don't have my Kindle with me, I have the app on my phone so I almost always have at least that with me.  And the cover for my Kindle has the elastic hand hold strap as well as a stand so I can prop it on a table and read while I eat   Plus the Kindle is water-proof so I don't have to worry about ruining a book in the bathtub or the pool again.  But I still love shopping bookstores too.  

21 hours ago, joanmcq said:

How do your young clients do a signature?  You get one signature and sign that.  Could be printing (but it had better be unique!).

Docu-Sign!

1095-A.  Whether they have a subsidy on their insurance or not, I have got to have that form or the return will not go through on e-file.  Year after year, they "forget".  

But they are ridiculously expensive when you are starting out as a mechanic.  My son works as a mechanic on heavy equipment and it took him a couple of years to accumulate the tools (and tool boxes) that he needed to work with and get them paid off when he first started working.  But it is just part of the cost of his chosen field.  Along with the cost of the steel toed, non-slip boots he has to buy.  Fortunately, his uniforms are provided so that is an expense most of us have that he DOESN'T have to pay for along with the laundry to clean the hydraulic fluid and oil out of them.  Over the course of time, it probably evens out.  Because while those tools are expensive, they last. Uniforms don't.  

We used to hang the AOL disks in the garden near the tomato plants to scare away birds and groundhogs.  

If the parents agree, the exemption can be claimed on either return.  So yes, as long as the mother doesn't claim the the son the father can claim him on the final return. 

I left my son to answer the phone once day for FIVE MINUTEs.  i happened to call back and found out he was answering the phone, "This is Ryan, I can't help you."  

If social security pays a benefit to the estate after the final tax return of a taxpayer has been filed (and in this case after the first fiduciary return was filed), is a fiduciary return required to report the income?  Or even if it is the first fiduciary return, if the benefit is paid to the estate is it reportable on the 1041?  I don't see a place for 1099-SSA - just 1099-R,, etc.  If that is the only income, is a return required if the amount is greater than $600?

My client that called the IRS was told that he needed to file a 1040X with no change to remove the flag from his account.  Of course he wanted to file since the IRS told him to do that.  So i printed him a return, put in the explanation that it was being filed in response to a CP2057 notice and gave it to him to mail in.  I suggested that he attach a copy of the notice to the return.  It made him feel better.  I can't imagine that it will do anything but create more confusion with the IRS.  

12 hours ago, jklcpa said:

Different browser may work, or maybe try setting up with login.gov.  I'm not sure if you can have a log in with both of those authenticators though.  

I have separate log ins with both authenticators but I used two different email addresses to do that - I used my work email with logmein and my personal email with idme

Interesting. I had a client bring in the same type of notice yesterday that listed all all of the income from the 1099Rs and 1099SSA as being reported to the IRS but not included on the return.  It almost looked as though the return was not filed at all because the only other income on the return was income that would not have been reported to the IRS at all (farming, etc).  The return was electronically filed with that income, so the taxpayer was going to go home and put his feet up to call them and see what they could tell him about why he got the letter.  I am waiting to hear what he finds out.  

I am not sure that I understand what you are asking.  An employer is limited to contributing $22,500 for the employee and would have no way of knowing if another employer had contributed on behalf of that employee through a different plan.  Is that the question?  

Lately, I have not been impressed with the postal services handling of return receipt mail.  Twice I have received mail addressed to me with return receipt cards attached that was just placed in my box with the return receipt cards attached.  I could sign or not sign as i chose as no one attempted to get a signature from me.  In both cases, I did sign the cards and drop them back in the mail, but I have to admit in at least one instance it was several days after I received the certified letter that I got around to dealing with it.  This is not the way that is supposed to work.  

I have also used the bank statements to determine the net social security, and then added back the standard amount for Medicare if I could be reasonably certain they had not had an income jump that caused their Medicare to be increased.  Again, this only works if they have no federal withholding.

I had not set up either until I saw this thread today. I set up under login.gov in less than 5 minutes.  As long as I don't forget yet another password I should be fine.  

If you can't come up with any records at all regarding basis, then basis is -0-.  

I am so sorry for your loss.   

I thought they were required to keep a copy of the post mark. Guess not any more, especially if it is to their advantage not to.  

17 hours ago, BulldogTom said:

Can they file a late 8832 to claim the Corp status and then make a late S election?   Normally an automatic approval from the IRS from what I understand.  And since the IRS does not have a 1065 on file, since this is the first year filing, they should be good to go if the 8832 is included with the 1120S.

Just a thought.

Tom
Longview, TX

I don't know, Tom.  I thought that had to be done on a timely filed return which this is not.  It should have been filed by September 15.  

Also, I thought that the automatic forgiveness was if the return was filed in time for the partners to file on time.  Neither partner got an extension because they both filed based on their W2 rather than after the partnership return.  I did point out that if they ever start another business, they might was to talk to a tax advisor before they begin instead of after they mess it up.  

On my software, I attach it as a PDF attachment.