Gail in Virginia

I love guessing games!

Are you looking for the 8965? The individual shared responsibility form for health insurance?

2 hours ago, jklcpa said:

I'm unsure and may be wrong, but wasn't that changed back in 2008 but still may be dependent on whether the administrator allows it?

I am sure you are right.  Sometimes I remember old law better than new law if I haven't had to use it for a while. 

I think from a 401(k) it should have been transferred to a traditional IRA (a conduit IRA) and then converted to a Roth.  I don't know if you can show it as a rollover to an IRA and then a conversion or not. 

I don't think that the IRS cares - this seems to be a state issue.  ProSeries actually rolls this information forward and just requires you to click a box that you have verified the information.  A couple of times I have been the one that let my clients know that their license was either expired or soon to expire. 

 I have a client who is on a payment plan with the IRS as a result of an OIC that was accepted in 2013.  He is current on his payments.  He is still working full time, but he asked me if he starts drawing his social security if the IRS will want to increase his payments due to his increased income, or if they will garnish his social security.  I think that as long as he stays current with his payments they will leave him alone unless they revisit this when he gets close to the 20 year statute expiring but I am not sure.  Does anyone have any experience/knowledge of this?  TIA.

I don't create e-files until the 8879 is signed.  Unless something has changed, I understood that we had so many hours to efile after the authorization was given to us to do so.  And I never mailed my clients returns, so I did the return, they picked it up and signed it and mailed it themselves.  I don't know why I would need to have a blank form signed to be able to prepare the tax return. 

I got my first acks for NC.  So they are accepting returns.

I am just trying to figure out how, when the IRS can't currently answer the phone or finish their paperwork, they are going to have time to do virtual interviews with people to set up their accounts. 

I am confused.  The difference between COGS on tax return and purchases on QB is $1,000,000 which is the amount of the increase in inventory from beginning of the year to end of the year.  Am i missing something in the question? 

9 hours ago, Pacun said:

I thought where is my refund ONLY checks current year.

It will only check original returns, not amended.  I think that it does the three active years.  If you need to check amended returns, there is a separate tool for that. 

Thank you.  Those seem to be the only forms, and only because they have carry forwards from previous years, I think.  If this is the only one that will be a problem, and if the minimum charge is $345, it might be better to file and pay the extra $400 in tax caused by these forms not being ready and then amend the return when the forms become available. 

I can't help with this because I don't know anything about OK, but just curious.  Is there no ordinary income due to depreciation? 

I have a farm return that has these schedules, and ProSeries does not have approval on the forms yet.  Is anyone using a software that has these forms ready for filing?  Does your software allow pay per return purchase so that I can get this return done by March 1?  If he had a loss I wouldn't worry, but he sold out this year and owes about $200,000 between federal and state so I have to find a way to get this filed by March 1. 

Could this possible be foreign taxes accrued the previous year and being paid this year?  Or taxes accrued this year which will be paid next year? 

You should not have to over-ride to get rid of the penalty.  On form 5329, you will put in the exception to the penalty that you are claiming and the amount you are claiming the exception on.  Then your software should calculate the penalty on the remainder correctly. 

1 hour ago, Dave T said:

What am I missing then?  There are no other Roths and they don't meet the 5 year rule.

Thank you.

They have BASIS in their Roth that has previously been taxed and they have not withdrawn enough to use up their basis. 

From the general chat section, there is a pinned topic where users have collected TIN's for various states.  I found this:

Vermont (as provided by a Guest):  EIN 03-0350860 ,  133 State Street, Montpelier, VT  05633

Thoughts only - Does the driver have another job that is his main employment?  I would then be inclined to count all of the mileage as a driver except that to and from his regular place of employment.  If this is his only employment as a door dash/uber eats driver then I would be inclined to count the first "leg" and last "leg" of his driving for the day as commuting and the rest as deductible business miles.  BUT this is a totally un-researched opinion.

I like getting the 1099DIVs that still have the last quarter of the year's check attached.  Is this my tip?

Yes!

I don't think that it is just ATX.  I use ProSeries and I am still waiting for some really stupid things to be approved for e-filing. 

I have a client that has not had a filing requirement for years.  He wants their joint tax return filed so that if something happens to him, his wife has a record of the returns that were filed and doesn't have to worry about something coming up after he is gone.  Like Joan, I charge a minimal fee and do what he wants. 

1 hour ago, cbslee said:

You are in good company, it happens to all of us at one time or another

Maybe we need some kind of been there, done that emoticon/reaction button. 

1 hour ago, Abby Normal said:

But it may not be a foreign account. I have all kinds of brokerage 1099s with foreign income but the income is all held in a domestic account so there are no FBAR issues. And none of my clients with actual foreign financial accounts have ever received a 1099.

Very true, but that is the reason I would want to know what it is because it is not being reported as simple dividends.