Kea

Got the same message & also deleted.

Judy is correct. I found out the hard way. I bought my own insurance through the exchange with no subsidy. Got my 1095A & entered everything. When doing the error check, ATX gave the red warning saying that if no subsidy received & over 400% FPL, do not include form. So, if no subsidy & income over 400%, save yourself some time & just check the box.

I can print the page to give the client. But would really like to know if it gets transmitted. At least it will show up on the Sch C. Not sure if IRS will question it.

I feel like this gentleman could probably sign if he had too. It's just that his wife has always been the signer in my office.

Client took Section 179 and business use dropped 50% in 2014. I'm showing the recapture on Form 4797 Part IV (manually) and (manually) carrying it to Sch C Line 6. When I print the return, it only prints page 1 of the 4797 (which is blank since there are no sales). It does not print page 2, even when I specifically check it in the print dialog box. I also created the e-file to see if it is included. It lists the 4797, but does not specify which page(s). Is there a different way to enter this info so that the software knows to print / e-file the 4797 page 2? Thanks

It's possible. A mutual friend was the one who told me about the wife's passing. I haven't talked to the surviving husband, so I don't know what he has or hasn't done.

Also, it depends on whether the 1099 B uses Codes A or D for "covered" transactions. If they used B or E for non-covered, then they didn't send the basis to IRS. You don't have to use an adjustment code. Just report the correct basis regardless of what's on the 1099B.

This is an interesting topic to me. I may run into a somewhat similar situation this year. I have preparing the return for a husband / wife couple for several years. Husband is legally blind & wife had POA to sign return for both. I learned that wife passed away in January. Have not yet heard from husband but was wondering how 2014 return would be signed. It will be hard for him to sign as surviving spouse when he typically doesn't sign his own signature. He isn't completely blind, so maybe he will be able to sign (with difficulty). Hopefully this is something he is working out. I have not spoken to him this year.

I have several clients with a "big name" brokerage firm (not sure if I should mention the name on a public forum). The one I'm working on right now is 40 pages covering 2 accounts. All trades are in and out of mutual funds. But this is an improvement over 2012 that was 66 pages over 6 accounts. Why would one person have 6 (sub?) accounts in one brokerage - not counting the retirement accounts. Asked her & she didn't know. As far as she was concerned it was just the one personal account and one retirement account. Then, there was the client who had a different brokerage account, but huge number of trades - including several purchases & sales that occurred after she passed away (yes, even after the firm was notified that she passed away).

You can enter the totals for ST A (covered) & LT D (covered) directly on the Schedule D. The detail is only for the non-covered transactions. (Oh, and, covered transactions that need adjustments such as wash sales). If they have only a few non-covered transactions, you can just enter those individually. If too many non-covered, then you may need to send the backup documentation. Good luck.

Should I feel ripped off? Or maybe the states are cheaper than the 1041 / 1065?

I have the 1040 package and paid $35 each for one 1065 and one 1041. Have you already used 3 different states as included in the 1040 package?

Thanks for the confirmation. Owes $6K and wants to minimize interest penalty. Also, he just likes to get things done and over with. And since new wife is a student with no 2014 income, he was able to save about $5K over being single. I suggested he treat her to a nice dinner for saving him so much.

Glad to help!

That's true. I was thinking in terms of her being in the US for 75 days in 2014 (only 220 days out of country). But, if you choose a different 12 month period, it should be OK. So use exception C & mark for Jan - October?

Client got married near end of year. Return is almost complete, pending some minor items and new SSN for for wife (from another country). He owes and would like to pay now. I will efile extension with direct debit, but efile cannot be created without her SSN. Can I file the extension as single or MFS and include correct amount owed? Payment would be applied to his SSN? (I know actual return cannot be filed single.) I've not run into this before, but it seems like it would work.

I just used this IRS calculator for a client who bought a house in 2007. It may be able to help you, but it says it is down for maintenance today (3/8/15): http://www.irs.gov/Individuals/First-Time-Homebuyer-Credit-Account-Look-up The credit is split 50 / 50 for each spouse & each is required to pay back their half regardless of future filing status. In my case, clients are still married, so I looked up husband and wife - each showed half the original amount.

Client married a woman from Mexico. She came to the US in October 2014 (on fiance visa). They got married one week later and she was added to his insurance on 11/1/14. No penalties. My first inclination was to check the box for full year coverage. She had coverage for the whole time she was in the US (less 2 weeks). I'm now leaning towards exception C for January - October. But the qualifier on that is "Not a US citizen, not a US national, and not an alien lawfully present in the U.S. She is in the US lawfully. I know there is no penalty, just trying to figure out if I need to show a code or mark full year coverage. Or something else. Thanks

As I understand it, you have to have MEC for everyone in your "tax family." This means all dependents as well as anyone you are eligible to claim as a dependent (even if you don't). This is from the seminars I have taken.

Thanks. Good to know.

The issue is they probably not meet "days spent" in any one state. Currently in TX, so shouldn't have an issue there. I'll tell them to check the various states' websites. Thanks to all.

So, as long as they jump through the proper hoops, they can pick whatever location they want?

Agree with JohnH. I spell out from the beginning that I CANNOT & WILL NOT get in any kind of conflict of interest.

I presume that since that would be their only address, they would have to vote, register vehicles, get driver's licence, insurance, etc. from location of new address. They wouldn't have any other address to use for these documents. As full time RVers, with no fixed location (in the US), the only address they would have would be some sort of mail forwarding service. I know determining tax home also includes where you intend to return. But if they don't have any plans to return to anywhere in particular... Thanks easytax for the list of questions for PA residency / domicile. That does help by listing factors to consider. I would guess that the location of many of the items in that list would transfer to the location of the mailing address. However, some are just not applicable to a retired full-time RVer in the electronic age.

I prefer to not do both, but it always comes down to facts and circumstances. If there are no kids involved or any other "sticky" situations, I'll do it. It can be a fine line to walk when you can't even tell one person that their ex is or is not a client. I always tell them that they have to discuss that with the other. I like to get something in writing from each of them spelling out who gets what - just to know if there are potential conflicts of interest. I won't deal with the conflicts of interest!