Gail in Virginia

You are welcome in my commonwealth anytime!

I don't mind the non-perforated W2s; sometimes I am guilty of that . When I prepare W2s they get the first one on perforated paper; if I am reprinting them again and again, they sometimes take what they get. And I think that you have earned the $75 getting the 1099s corrected. And then some.

It was not business property so no to 4797. I would report on 8949/Sch D. Basis equal to value at DOD of dad plus expenses not deducted elsewhere.

Elderly client made appointment weeks ago. Two daughters are handling his paperwork. We start the return when they all three get here, and I get the information about his rental property and medical deductions from one daughter. She asks what else I need. I tell her all the 1099s for interest and dividends, the social security statements, his charitable contributions, his wife's IRA withdrawal. Other daughter says, I have all of that, I can drop it off tomorrow. What are they thinking??????????

I know the instructions say to file together. I did that for a client who owed the penalty on a regular IRA. She paid the penalty with her return. I never convinced the IRS that it was filed and paid before she died and they gave up trying to collect the 50% penalty twice. Even though I resubmitted copies over and over. And talked to people on the phone. And wrote letters. That is why if I do it again I will do a separate submission. And not pay the penalty before requesting the waiver. Most frustrating experience I ever had with IRS.

I have not had this particular situation, but I think that I would file the penalty completely separate from the regular tax return and request the waiver with the filing, but not pay the tax until the waiver is denied. I hope that you will keep us advised on what you decide to do and how it turns out for your client.

I haven't used ATX since 2012, but if memory serves, to enter interest paid by an individual, if you click on the very first line of the schedule B and follow the link, you will go to a page where you can enter seller-financed interest income from individuals. Might have changed since I used it, though.

I *think* you attach the POA to an 8453 and send it to IRS. Everything else is done like any other e-file.

I have a student whose return was accepted 2/12/16. He still does not have his refund. I think that it is because he is claiming himself, and getting refundable AOC, the IRS is checking a little harder. I have told him that. But since he is a student and self-supporting, he could really use that money. But as far as I am aware, there is nothing that anyone can do to cause the IRS to release a refund until they are ready.

Maybe next time won't be during tax season and you can take your dog and go to a spa somewhere while they visit with hubby.

A technical termination is deemed to have occurred if there is a sale of exchange of 50% or more of the total interests in the partnership within a 12 month period. But I believe the regs at Section 1.708-1(b)(2) specify three transactions that are NOT deemed to be sales or exchanges triggering a technical termination, and the first one is disposition of an LLC interest by gift, bequest or inheritance. I am not positive, but I think that if he had sold his interest to his daughter in law, it would have triggered a termination but giving it to her did not. You might want to read this article http://www.thetaxadviser.com/issues/2014/jun/case-study-june2014.html

Nobody has ever given me underwear. I am just not sure how to react to that.

ProSeries has the worksheet. I don't know how you will handle it with OneDesk. Did you post in the separate OLT/OneDesk section of this forum?

I love a happy ending!

My assistant was just saying today that it was a good thing video phones have not become standard for communicating since clients could tell by my face what I was thinking when I answered their calls.

But if the the hotel expenses would have been deductible, then I see no reason why the portion of the use of the mobile home that replaces the deductible hotel expense, should not be a business expenses. But beware of the rules about temporary jobs vs establishing a tax home, and consider the consequences at the end of the temporary job if he converts the RV to personal use or sells it.

Actually, if they took the same information to someone with less knowledge instead of taking the return to be checked, they may have gotten a worse answer. I am glad they actually admitted that you were right - some clients won't do that if they go this far in questioning the preparer.

The mother may be putting everything the daughter gets in some type of savings arrangement to take care of her when the mother is gone and no longer can take care of her child. And money put into savings does not count towards support. I agree that you need to be comfortable that mom is providing OVER 50% of the support but otherwise I don't think that the income is relevant in this particular case.

The gross income limit applies for qualifying relative - this dependent is qualifying as qualifying child because under age 18, or a full time student under 24, or permanently and totally disabled.

I think this is the post that Pacun remembered about amending from MFJ to MFS, and Lion seems to have posted the best cite.

Except that I think you have to take the income that the contribution earned before it was withdrawn, and that portion of the withdrawal will be taxable.

According to IRS website, the current penalty is: If you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax. So it looks like the only change is to raise the flat dollar amount from $135 to $205. The alternative is still 100% of unpaid tax.

I don't tell them either but the talking heads on the TV news love to talk about the deadline for filing, and so even though my clients know nothing else about taxes (such as when their corporation's return was due) they know that date. They also all know that they are supposed to have their tax forms by the end of January, and if they get something late I think they want me to have the people that sent them the 1099 after Feb.1 arrested. Tempting, but I don't know how. And if find it hard to believe they "forgot' about receiving a few thousand dollars last year until they got the 1099 - especially the ones that are non-employee comp.

I have one client that has the broker set up a secure log-in for me to retrieve the documents AND a csv file. It actually works pretty well - the log in expires in 60 days or so, and I can only retrieve the information that is set up for me to retrieve. I get electronic copies, and I can import the csv file into the return instead of typing all of the entries for his sales (and he has a lot.) This method I like. Using their password and logging in as them - I won't do.

I may be misunderstanding you, but it sounds like you are stockpiling returns to file later. I thought that was against the rules - that once we had the signed 8879, we had something like 48 hours to file the return. Is that not the case?