Gail in Virginia

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?

Look at it this way: maybe they are both only able to work because they have some time at home alone to keep them sane!

I am a little slow apparently. I just realized that in addition to the three extra days at the end since we go to April 18, this is leap year so we really have a tax season that is 4 days longer than normal. Help!!!!

I agree with Lion. Even though in years past I have seen most banks accept the deposit even if the name doesn't match, that doesn't mean this won't be the year that they place stricter protocols in place to prevent fraud. I would rather get the check in the mail a week to ten days later than to go through the process of requesting the check after the ACH has failed.

I only have one property management company that I deal with, and they typically give my client a 1099 for the net rent paid through them. The client does not pay the management company; the management company collects the rent, deducts their fee and any expenses, and forwards the balance to the owner. They then give the owner a 1099 for the NET. I suppose, if any of the rent is paid by a business to the property management company, they get a 1099 for the gross from the person paying the rent. Since it is residential property, I doubt that they get any 1099s.

Actually, if EITHER has positive income, then they can both contribute - one to a "spousal" IRA, as long as the total contributed does not exceed the total earned, and, of course, the limits.

Just remember, if scholarships are used for living expenses such as room and board, they are probably going to be taxable as income. That doesn't mean you should not classify them that way; just be sure to look at all of the ramifications.

Same thing happened to me, Lion. But I usually use FIreFox, so no biggie.