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WITAXLADY

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Posts posted by WITAXLADY

  1. Long story - in order to end almost 4 years of my mom's trust with myself as Trustee I agreed to let my brother take over rather than go to court -

    So he is in the process of auctioning off the contents of her home - She wanted us to take as much as we wanted - had lists all over and names on items but would not give it before her passing - wanted to wait - he said he did not want anything and was not into clutter or hoarding - appraiser said it was the nicest "hoarding" place he ever saw as it was clean and organized and displayed.

    Anyway so 6 siblings- myself as oldest (power thing here) and 5 brothers got to pick 6 items and rest is being auctioned online - at least 6 of them, over 700 items each time.

     

    Now the issue is he wants the 10 boxes, tubs, etc of papers to finish the reports, and inventory, and his original email stated May 18th to finish the paperwork.. I am fine with that, then he said April and now he said Mar!!

    I said I am good with May.

    He says no, now..

    Can I ignore his demand until May? Neither I nor anyone in the office has time - we are swamped!

    They dragged it out 4 years - he can wait .. It needs to be gone through to make sure there are no private papers in there.

    And copies made of certain items.

    Not a quick pu and run..

    I, emotionally and psychologically cannot deal with this until after tax season - one of the reasons I settled - They were not very nice..

    D/WI

     

     

    • Like 1
    • Sad 3
  2. update - now he says he filed 2 years, not the earliest - mine to do! I gave them all to him! and it is in the report he sent to his attorney who sent it to my counsel who said What are you talking about!!

    needs to end!

    But glad some money was gotten and someday I will get my share unless he eats it all up traveling and paying for his gas reimbursement!!

    gotta love them  - cant shoot em

    D/WI

     

  3. I started reading and forgot what I was going to ask..

     

    If someone has VA coverage - and meets the other requirements - high deductible - can they do an HSA?

    Can the spouse do an HSA for just her?

    Thank you,

    D/WI

  4. but did you notice - no additional cost - so it still is not free to start with!

     

    Does anyone want to file my easy ones that I am not going to review? Inputted by staff but I check everything and I am so far behind this year! more complicated ones and so many interruptions of everything else but taxes!

    Considering how to get these filed?Best,

    D/WI

     

  5. Farmland preservation credit - based on acres enrolled in.. and no income limits - changed about 5 years ago - based on $$ program you are enrolled in adn # of acres.

    So her/their (when Dad was alive) generated the $1,875 a year.

    That is 3 (now2 years) x 1875/6 siblings - he is wasting! $600 - let it go!!??

    I work hard to make that much!

    D/WI

    • Sad 1
  6. I did my mom's taxes for years.. She passed away in 2020 and my brother is now PR. I prepared the 2018,19 and 2020 for the FPCredit. Been getting it for 20 years..

    I turned them over to him to review and file. His CPA says she does not qualify. The estate has already lost the $1875 for 2018 - soon she will lose that for 2019 and then 2020. I talked to him and he says his guy must be correct..

    What can I do - My attorney would not get involved.

    Mail it in using his address? Sign as me for him?

    Let it go?

    My other family members won't fight him..

    Best,

    D WI

     

  7. FYI - Their wages in box 3,5 are an additional $15,500 or $19,000 as they are putting that in their SIMPLE..

    Just trying to determine if box 1 for an IRA has to be the IRA amount of $7,500 plus the HI amount or if the IRA amount is enough and the HI is part of that..

     

    Most of these are smaller S corps, either with other income or close to or are retired.

    • Confused 1
  8. It seems I asked this but when I scroll thru my posts, I cannot get past the first page either way..

    New business and converts personal equipment - lawn service - mowers, tools, trailers, etc into the business.

    Takes a picture, adds page of current flyers or internet with value and deducts for age to get comparable value.

    The auditor will not accept anything - says none of it is business and worth -0-.

    Even though it is all used for business now.

    Any response to the auditor?

    About $7,000 in taxes over 3 years. Rest is legit.

    We have used this procedure many times before when items are converted.

    Please help,

    Thank you, D in WI

     

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