WITAXLADY

VA may not be taxable to - many WI farm grants and Covid  ones are not to the state - I back them  out in WI but they are Fed taxed.. and SE tax

check State info..

Reservation covid monies are also not taxable

ditto to Catherine - 2 of mine had success calling.. I have them waiting from Feb, March - the one from 2017 - just got hers!! amended in 2018!!

If someone is married  - usually in the year of filing - ask if they can still file single or H/H - best situation right! No, that's part of the marriage penalty - losing all those credits -

So he comes in and yes he got married in Dec and yes they each have a household - and no they are still living apart!

so they have lived apart the last 6 months of the year -

I say no MFL or MFS and then I look it up and I don't know - I think they can still each file H/H...

Can someone tell me why not?

They meet the criteria..

Hi MCB!!

What are you teaching?

D

went to a tax class that said the IRS wants the retention credit wages to offset wages, soc sec, medicare etc to offset that as well.

First negative numbers do not work on ATX at all.

second - how can you show negative soc sec 

third - another article states it is like a grant so it is other income

But if IRS is looking for it as adjusted wages - K-1 will not match wages under officer comp and W-2?

and wages will not match W-3 nor 940, 941's??

anyone have a better or correct way?

Thank you

Darlene

one year, finally the shoe box guy who painstakingly sat in the chair and went thru every receipt for me - his wife brought in the 3 ring binder all organized. As we flipped thru to see her work - she said wait! you are going to take out all the documents aren't you? and pulled her folder back and marched out - never to be heard from again..

Thank you

The errors were caught in 2019  and now again in 2021 for 2020

What a mess

the values used were higher insurance numbers so those have to be adjusted and some were sec 179 and too high!

And now the current bookkeeper went back and found more assets not given to me..

And my fault? I said when you give me a correct list, current list - preferably with purchase invoices attached, I will look at it.

I am not recreating and checking it! Plus I do not know what you have left? or purchased!

Not happy with me - do you want to pay me or do  in house?

already left once and came back..

Family is hard to work with!!

D

Impressive!

so I am filing an amended 2019 return - this is 1 year after filing 2019 taxes -

Does this fit the requirement to qualify for 3115

It was filed without a 3115

In 2019 taxes - there were many assets not on the list from prior years and were then added starting with 2019.

Most were sec 179 or started as of 1/1/2019.

Does this qualify for 3115?

to make the additions legit?

or to add them to their assets?

Correcting as WI Auditor says depreciation already taken in earlier years but  they were not. (auditing for Sales Tax)

Does need to be amended for 2 duplicate purchases - same price but 2 different names and they have to come off and then sec 179 to have a -0- change.

Thx

D

thank you!

long time ago - 3 months? but only under the condition the program did nt shut down and he said it was fixed with the update!

It was not!! Still shuts down all the time  grr

ps = the Brass Tax has an excel sheet but not the $20 booklet anymore..

I read the instructions, searched the Forum for 3115 -

I know it is 1, A and E - I need to change depreciation for items purchased in 14-18 to take on an amended return for 2019 - that were never on the prior tax return(s).

What is DCN? Part 1

Thank you,

D in snow country1

OOPS - the 4 was supposed to be a $$$ $5,000

read before posting!

The issue is it takes to much time out of the already overburdened staff

We now have about 70 family or 1 person S corps and the payroll, PPP, retention credit, adding retirement programs, etc..  = just conceerned that the company would not put the energy into like joanmcq does! and then we would still have to get involved..

Or we would just offer our own to them for $10??

looking at the TPP - where 1040 client pays $10 to have Tax Protection Plan and if get IRS or state letters/audits - 3rd party takes care of the issues - client can contact direct or I can for them?

But the TPP does all the leg work?

Any experience using it anyone please?

I am unsure what time it would save on simple missing forms, etc but on the bigger 1-3 audits a year on Sch c,F, - that I have to charge up tp 45,000 to arrange their records, receipts - I would see that it would help both myself, office and client..?

really - I did not know 2018 was available to e-file in ATX???

if he  is getting a refund - rarely do they get a late penalty - in my experience - I do not think they care if you ever so the IRS can keep the $$$

only WI charges $50

Oct 14th and I am still waiting! for documents

will 2019 stop Oct 15th?

not home  - a property they had and he used for business - so probably depreciation on it!

He has not sent divorce papers yet..

I will have to remind him again

His 2019 personals are not filed yet as I cannot get answers

Nice guy but Dr from Columbia  - makes great coffee but wants lots of money back to pay her bunco $$$'s

Thank you  - that is what I have been doing..

D

so if you do not add it cuz taxpayer does not remember - will the IRS add the missing stimulus???

Child is not K-12 but because they are in college - as a dependent you mark student and school expenses - but it carries to IA to give the $250 tuition credit for K-12

Cannot override as marked on dependent statement and cannot override that as then I cannot calculate AOTC

Dilemma - please - any ideas? ATX???

Thx

I asked  for papers - divorce, settlement and title..

then we will see..

D

Client only have social security and a huge nol - to carry it forward does a tax return need to be filed every year?

Numbers never change as do not need/use any of it.

Will use when sell land

Now will this carry to their estate? I seem to remember no

Thx D