WITAXLADY

since last week already we have locked the door Proactive, not overreactive doing curb service - with one of the staff for drop-offs and the few that will not pay by charge card and sign pdf tons of sanitizer, washing hands secure emails no tax packets going out - pick up later - too cheap to mail! one staff went to a local tournament - she has off for 5 days working remote -make sure she is not contagious - unlikely as probably not here in Northern WI yet! another one is working remote due to age another one, I paid $20 to stay home from bingo!! in a bar - - she said she could win $36, I said you want a job? She had a birthday supper instead for her mom in law - would not have gone anyway and she took the $20! His family will not let his sister take his mom out of an assisted facility even tho the close daughter who is a nurse said she would take her home and she is home - eye surgery - elective. ( I sent them all the article!!) My daughter - nurse pract for well children, was switched to the clinic where they are taking the suspected Corona cases - has 3 children at home with teacher dad.. Wxpectas to get the virus... Other son in law will lose his restaurant business if there is not a good shore up package.. He is desparate One son is in cheese production - running full stream as cows keep making milk but will people come to store to buy? Schools, restaurants are not - what happens to excess cheese? Farmers cannot stop cows? And other son is fine - working remote with 3 young children - work said it is vacation time if not on computer working - NICE! We saw them not too long ago Easter will be on hold I will keep working.. people keep calling - Where are my taxes!! You brought them in 3/6? You know anything after 3/1 is an extension! But it is nicer working with less traffic. and I got a prescription for pnemonia Mon... so am working slower anyway! Life was good!! Roll with the punches - Pray a lot, pray more!!

ATX - not in instructions??

Client received WI penalty for underpayment income was not even thru year and instructions say calculate with table in Part IV - where is Part IV - not in instructions for WI U , not in WI 1??? thank you, D

ya know - I find the 4797 has a mind of its own this year - many assets are not going correctly - I sort of think someone rewrote their own computer tax laws...

my program shuts down randomly with notice unexpected error and without notice! and the letter that owes says first - (for the farms now) - April 2016!! and when I delete and re input - Oct 2019!! And what is with the Home office worksheet - this I was going to report - all the real estate tax and mortgage interest goes to Excess! instead of where it should be flowing... but overall - xjinx - going well. D

and it is brand new... worked fine and shut off all turned on nothing!!

yikes!! mine just stopped after printing for 2 weeks!!!!

sounds like other income - not in a business... getting more of these this year - 1x events.. client received a 1099 for $456 for occasional farm labor - no expenses, no home office so no miles, all commute - Sch C..SE taxes more than 1x?? And he was not in the business of farming so I do not think it would be Sch F?

thx - just do not understand why life ins is taxable?

super - thx for sharing that - now please someone let me know about the estate - WI follows the fed - I found that out- I am going to ask NATP - see what they have to say.. I tried the online and then they charge, Last time I tried a charge place - they charged and were wrong...

However, life insurance is taxable on a 706, which taxes assets instead of income. With the high estate tax threshold it's unlikely any of our clients will ever file a federal 706, ???

Thank you - then still cost basis... unless LE implied - well go with that Thank you, D

the new Taxpro Journal had a great article about Trusts - understandable! and there it is a choice - now I have to find out about Estates.. Thank you

I have always used 1/3 on the 8283 - maybe I need to go to 25%!! D

? That I do not understand?

I like the implied life estate.. The part that concerns me is the sale for a $1 Thank you! D

1099-misc could be other income but still tequired to file

sons filed 2/6, expected deposited 2/20 and it was - but he is single, no children EIC, CTC, ACTC originally expected end of Feb...

met with an attorney yesterday - that is my understanding... D

when a business continues to operate after the death of the business owner - children are operating - and it is nside the trust... under a LLC/EIN, and it shows a loss... Can the K-1 be issued for the year so the losses can be distributed to the heirs that are running it? does that make sense? They want to use it on their current year taxes or use the NOL to CB for the last 2 years now...

call ATX

20 years ago parents "sold" house to 7 children for $1. Children sold house now as mom recently passed, been living there. one sibling gathering all improvements to add to basis - that the parents all paid for when they lived there - Property tax is listed as ETAL Title company said no tax consequence, lo and behold they all get a 1099... I asked to see deed? Something needs to be filed. Life Estate and inherited or cost basis from parents from 20 years ago?

what do you do with the client who continues to drop off like 6 x every single piece of paper - with multiple clients dropping off daily - these additional pieces become a worry - So of course this one gets home and 3 days later says - after her 1on1 and says 1 seems to be missing a 1099/income? How do you handle these loose papers? With 30 + to check in at a time - too hard to find the folder until later in the week?? thx D

did not work

i uninstalled and reinstalled my driver - new printer... then made sure the new printer was the first my default printer to the computer and also to ATX - seems to be great today!