WITAXLADY

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

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

I give a $15 credit if they bring them back filled out! along with the Drop Off Client Form ...

D/WI

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

If son is not interested, let it go - just tell him to pack her papers in a box, in case IRS ever asks...

D/WI

googled - 1 source says taxable, 1 not..

so it is a loan distribution not repaid from leaving his job..

Both taxable and penalized? age 33..

Thank you,

D/WI

E-file created - wants HOH for wi to check on main info - married - they are not married and have not been for years..

cannot file WI.. update? correct? thx

D/WI

Thank you all..

I did read the Pubs - 15b, etc

This is a special rule to add back the 2% shareholder's health insurance to the box 1 wage.

Just trying to determine if it can be just $7,500 and that takes care of the IRA And the amount of HI..

Thx d

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.

Well, I can try but this is state and I do not think WI has supervisors!! (tongue in cheek!)

Thank you!

D

Mind is froze..

In order to contribute to an IRA - must have $7,500 in wages in box 1 -

For a 2% S corp shareholder - whose health insurance is $4,000 can their wage only be $3,500 to equal $7,500 or does it need to be $7,500 + $4,000 = $11,500?

Thank you,

D WI

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

I agree!

I am finishing 2022 income tax returns - do I mail them in now or wait until Jan 23rd or so when e-file reopens to file these?

Which will take less time?

What about 2020 and 2021's?

Thank you,

Darlene

A couple were sent in later as they came to me new - Their tax preparer would not do the ERC and the business was clearly qualified for it!

no Georgia tax preparers?

well, I have 1 left to do but I have at least 3 that have been waiting over a year and 1 2 years!! and they are legitimate!!

Don't promise if you cannot provide!!

and in fact, if it is for a restaurant - they are mostly all still suffering.. attendance is down and food prices and labor are high!

D

funny!! that is what my son said!

For the most part, I raised prices 20% this year - but have been way too low for too long. And will go up at least 10% again.

However, my issue is how to raise the prices when some of the clients have listened over the years and send their paperwork in so well organized - I can fly through it and should lower their prices!!

When I think I will get flak, we talk about the rising cost of everything else - labor, paper, toner, etc and they agree all is up.

Many of the lower end do their own - 1 S corp is using turbo - good luck!

And I do need to downzie

D

I see in 2021 - there was a credit if you filed both 2020 and 2021 Ga returns - What line does that go on? I cannot seem to find that in the instructions or on the tax return - I have 1 client..

He filed 9/12 and if I have 1 year to amend Ga - I need to do asap.

thx

D/WI

My biggest issue is I have 2 clients that objected to the price I charged.

One is a new client and his former CPA would not do it and he clearly qualified. and the other said it was too simple! I still argue with the 2nd - I said do it yourself and the 1st only paid me for 2 of 6! And I doubt he will pay me for the last 2 as the IRS grabbed the 1st 2!! However, they will also not get sent!

They both said I charged too much and it was under 10% -

Letters coming thru are about 20-25%

D

Thank you!! Definitely no advice then!!

And this is her 3rd child so - I think she would easily qualify for Marketplace and maybe even a form of low-income health ins

D /WI

I thought you were retired!!

Legal couple has a great painting business.

2 of the family not legal from Mexico help him as equal partners.

How can they be paid?

Form a LLC in Mex so he can hire them?

By not showing the deductions, which I found out is what they were doing - they no longer qualify for their insurance - income was too high, and guess what -

No insurance and the couple are having a baby and need insurance - which at the business' income is a minimum $10,000 for a policy.

Any ideas?

Thank  you,

D/WI

Congratulations!!

Besides your children, grands are the best!

D