Abby Normal

Aggregated payees. If you receive payments from a PSE on behalf of one or more participating payees and you distribute such payments to one or more participating payees, you are: The participating payee with respect to the PSE who sent you the payment(s), and The PSE with respect to the participating payees to whom you distribute the payments. https://www.irs.gov/instructions/i1099k#idm140023508570640 The way I read that, you become a PSE and can issue a 1099-K.

He should send them a 1099K.

https://www.accountingtoday.com/news/tax-fraud-blotter-look-ma-phony-deductions

I'll have to review what QuickBooks charges. It may be the cheaper option now.

Eset antivirus plus Comodo free firewall has always served me well.

Standard deduction people benefit. Itemizers who had near 24k in deductions will lose their personal exemptions but have slightly lower rates. returns with dependents under 17 will get increased child tax credit, and there's a small family credit for kids over 16 that I haven't bothered to learn yet. A single at 20k with no dependents, their tax rate will remain 10%, but they have a slightly higher deduction of 12,000 vs 10,350, so save $165.

I just replied to her comment to make sure she really meant 1099 and not 1096.

Some states are suing over the legality of capping the deduction. Will be interesting to see how the courts rule and why.

Except... ATX never has business returns ready that early. Some of the state business returns aren't ready until February. It doesn't excite me to just do the federal return and have to go back later to do the state return.

I sous vide these frozen indian entrees because I don't want to overcook the meat in them, but I've sous vide'ed(?) anything raw.

A proper spoon is a must.

They were afraid we'd paper file a return with SSN suppressed. I said fine, don't allow SSN suppression on Filing Copy print packet, but please let me suppress SSNs on Client, Preparer and Custom print packets so the PDFs on my computer are more secure and I'd feel better about emailing returns.

Microsoft issued an emergency patch for all supported versions of Windows, including Windows 7, Windows 8.1 and Windows 10, but added that users should also apply firmware updates when they become available from device manufacturers. Google patched the flaw in Android with the January 2018 update, issued Tuesday (Jan. 2), although only Google-managed devices have the patch for now. Patches for macOS, iOS and Linux may not yet be fully available. https://www.tomsguide.com/us/intel-cpu-kernel-pc-mac,news-26320.html

I got an email on 12/30 from cpe247 for 119 for unlimited for a year. I need 80 hours by 3/18/18 and if I don't procrastinate this fall, I can do another 40 hours and end up paying less than $1 per hour for CPE. I hope they offer the same deal next year!

FYI, you can only suppress the Client copy print packet. That's the one I use for K1s so I can email them to recipients. I asked ATX to allow to suppress SSNs on any print packet but they said that we were too stupid to have that feature.

3 ft drift outside my door. Stayed home and doing some CPE. No sense digging out with the wind still blowing the snow around. It's still snowing too. Here's a cam of the worst hit area about an hour east of me: http://www.chart.state.md.us/video/video.php?feed=c1000a2d004700e700498436cf235d0a

Same thought occurred to me. Self rental income is not passive so I'm hoping the 20% deduction will apply. I have the self rental arrangement and so do many of my clients.

Glad I got the fastest processor available when I built my computers. My processor usually runs at less than 10%.

I use this for code most often: https://www.law.cornell.edu/uscode/text/26 Google searches almost always point you here.

If it's an annuity, then it is subject to the NIIT. https://www.irs.gov/instructions/i8960#idm139638992187888

Yes, and I read on Forbes that Sch Es get it too, but I haven't been able to corroborate.

I highly customize my questions. I haven't gotten to 2017 yet but here are my questions for 2016 organizers: Questions Yes No Basic Information 1 Did you get married, divorced or separated? 2 Did you add any new dependents or lose any existing dependents? 3 Are you or any of your dependents blind or permanenty disabled? Which ones? 4 Did any children under 19 (or 24 if a full time student) receive more than $1,050 in investment income? 5 If you have any dependents, are all your dependents either US residents or citizens? 6 Did you provide over half of the support for someone you are not claiming as a dependent? 7 Can you be claimed as a dependent on anyone else's return? (They provided over half of your support.) 8 Did you and all your dependents have health insurance coverage for all 12 months? Please provide any 1095-A, 1095-B, or 1095-C forms you received, or provide a list of the individuals in your family who were enrolled in minimum essential health insurance coverage that shows which months they were covered. 9 Were you granted a health insurance coverage exemption or are you claiming an exemption? (short gap, affordability) 10 Are any health insurance premiums withheld from your paycheck pretax? If unsure, check with your employer. 11 Are you covered under a group health insurance plan with your employer? 12 Did you buy or sell a home or any other real estate? Please provide HUD1 settlement sheets, 1099S & other documents. 13 Was your morgage transferred to another mortgage processor? 14 Did you refinance a mortgage or take out a new mortgage or home equity loan this year? 15 Was there a disposition or change in use of a home for which you claimed the 2008 First-time Homebuyer Credit? 16 Do you wish to have $3 of your taxes (or $6 on a joint return) applied to the Presidential Campaign Fund? 17 Did the IRS or any state send you a notice of changes to a prior year, or any other tax correspondence? 18 Are you aware of any changes to a prior year that would require you to amend that year's tax return? 19 If you are due a refund, how do you want to receive it? Check in the mail Apply to 1st & 2nd quarter of next year's estimates Apply to 1st quarter of next year's estimates Apply to all 4 quarters of next year's estimates Direct deposit (please provide voided blank check) Type of account: Checking Savings If you owe taxes, how do you want to pay them? Paper check Credit card Installment Agreement Direct debit from my bank account (please provide a voided blank check) Type of account: Checking Savings 20 Do you want to allow your tax preparer to discuss this year’s return with the IRS? If no, enter another person (if desired) to be allowed to discuss this return with the IRS: Designee's Phone Personal identification name Number Number (5 digit PIN) 21 Did you make gifts of more than $14,000 to any one person? 22 Did you make any loans to anyone or any entity? 23 If you made loans, was the interest rate below market rate? 24 Were either you or your spouse ever in the military or National Guard? 25 Would you like a paper copy of your return? We always provide a CD with a PDF copy of your return. Yes No Income 1 Did you have an interest in or signature authority over a financial account in a foreign country? 2 Did you receive income from a foreign source or pay taxes to a foreign government? 3 Did you cash in any U.S. savings bonds? What type? Were proceeds used for higher educartion expenses? 4 Did you receive tip income that was NOT reported to your employer? 5 Did you earn income in more than one state? 6 Did you receive disability income? 7 Did you receive alimony? 8 Did you receive, or expect to receive, a Schedule K-1 (or substitute K-1) from a trust, estate, partnership, or S corp? 9 Were any of your debts cancelled or did they become uncollectible? (1099A, 1099C) 10 Did you receive stock, restricted stock or stock options from your employer? 11 Did you receive a state or local income tax refund? (attach 1099-G) 12 Did you receive a refund of any deduction you took on a prior year return (e.g., real estate tax refund)? 13 Do you have gambling winnings? (If yes, be sure to include in gambling losses) 14 Did you receive any unemployment benefits? 15 Did you receive payments from a Long-Term Care insurance contract? 16 Did you receive employer-provided adoption benefits for a previous year? 17 (Blank) 18 (Blank) 19 (Blank) 2 20 Did you convert a traditional IRA to a Roth IRA, or make any other conversion or recharacterization of any type of IRA? 21 Did you rollover a retirement plan distribution into another plan? 22 Did you receive any distributions from a retirement plan (IRA, 401k, pension, etc.)? If Yes, attach all 1099-Rs. 23 Did you or your spouse receive Social Security benefits? 24 Did you sell any other personal assets (cars, boats, artwork, tools, furniture, etc.) at a gain? 25 Did you sell any assets using an installment sale? 26 Did you receive proceeds from a prior year installment sale? 27 Have you provided ALL your income from ALL sources, not just those listed in this Organizer? Yes No Business and Rental Income 1 Did you have any business or self-employment (1099) income? 2 Did you start or acquire a new business? 3 Did you sell any part of an existing business, or sell business assets? 4 Did you cease operating any business? 5 Did you remove any of your business assets for personal use? 6 Did you have any rental income? 7 If you own rental property, did you spend more than 750 hours working on your rentals? Yes No Business and Rental Deductions 1 Did you use part of your home for business purposes? 2 Did you purchase any furniture, equipment or vehicles for your business? 3 Did you purchase any furniture or appliances, or make any renovations or additions to your rental property? 4 Did you or will you make any contributions to a self-employed retirement plan (SEP, SIMPLE, Solo 401k? 5 Do you have a business mileage log to support any business miles driven? (They have mileage apps for your phone.) Yes No Deductions 1 Did you/will you make IRA contributions (not 401k)? List by type (Roth, traditional, etc) for you & spouse (if married). 2 Did you make any contributions to HSA (Health Savings Account)? Please provide documentation. 3 Did you have moving expenses due to a changing jobs? Need miles from old home to old work & old home to new work. 4 Did you pay alimony? 5 Did you pay any student loan interest? 6 Did you pay any college/trade school tuition? Please provide 1098T, proof of payment & account transcript from school. 7 Did you lose property or have damage to a property due to a casualty, theft, or condemnation? 8 Did any investments become worthless during 2016? 9 Did any loans you made become uncollectible? 10 Did you purchase an electric or hybrid vehicle? 11 Did you make energy efficient improvements to your home or purchase any energy-saving property? 12 Did you pay substantial medical expenses, including health insurance and long-term care insurance? 13 Did you pay any real estate taxes or personal property taxes? 14 Did you pay sales tax on purchases of vehicles (cars, boats, etc.) or home improvement materials? Provide receipts. 15 Did you make any charitable donations? 16 Did you donate any items to charity? Please provide list WITH VALUES and method used to determine values. 17 Did you pay expenses for the care of your child or other dependent so you could work? 18 Did you use your car for work (other than commuting to and from work)? 19 Did you incur any business travel, meal or entertainment expenses for which you were not reimbursed? 20 Did you work out of town for part of the year? 21 Did you incur adoption expenses or file Form 8839, Adoption Credit, in a previous year? 22 Have you provided ALL your deductions from ALL sources, not just those listed in this Organizer? Yes No Other 1 Did you make any federal estimated payments? List date and amount of each payment. 2 Did you make any state estimated payments? List date and amount of each payment. 3 Did you pay wages to a household employee of $1,900 or more, or more than $1,000 in one calendar quarter? 4 Do you expect a significant fluctuation in your income, deductions or withholdings in 2017?

I haven't checked out all scenarios but I did email the owner about one error when he first posted it. https://www.taxreformcalculator.com/

Try this: https://www.taxreformcalculator.com/