TAXMAN

With that much in the Keyboard I would be concerned if my Computer Fans might need some attending to. Just thinking.

Ok what I have from church papers. Help to verify I have w-2 correct: Salary $29555.00 Box1 HA 12896.79 Box 14 social security/mt paid to minister to help offset se tax 3247.68 box 1 Pension Fund contribution to pension board Paid by church $5943.36 NoBoxes Auto allowance(.565 per mile) 2476.97 No Box Health Insurance paid by church $4634.00 No Box Books reinbursed by church $239.76 No Box Continue ed $250.00 Box 1 W-2 Boxes 2,3,4,5,6 No entries. Am I correct?

Not sure I understand why the kiddie tax. This could be Gawd awful to these kids. Afterall they are in it for the learning exp and possibility of making some $ for educational cost.

I kinda thought this would be the easy way to fix since the amount is so minimal. Thanks

I am wondering how you may treat childs income from selling animals at fairs etc? Some of these kids make real good money esp when relatives get in a bidding war. I have heard net on line 21. Does not match 1099 received IRS cp 2000 later? I have heard put on Sch D with cost being basis and sales price = form 1099 and show as long term. I have heard subject to Kiddie tax. Open for for suggestions. I did check Farmers tax guide. It says other income. Kiddie tax? Thanks to all.

Reply to Gail in Virginia on VA websit under FAQ's see this. Can I e-file any type of return? These returns are eligible to be e-filed, but you must still confirm that the e-File option you choose supports the return(s) you want to file. Returns that can be e-filed include: Resident Returns (Form 760) Amended Resident Returns (Form 760) Part-year Resident Returns (Form 760PY) Amended Part-year Resident Returns (Form 760PY) Nonresident Returns (Form 763) Amended Nonresident Returns (Form 763) Deceased returns, including joint returns filed by spouses Prior year returns Returns that cannot be e-filed include: Fiduciary returns (Form 770) Returns containing withholding reported on Form 4852, substitute W-2 or 1099-R 763-S Virginia Special Non-resident Claim for Individual Income Tax Withheld I also noticed on another one of Virginia's web sites it specifically states Virginia's e-file program will accept tax years 2012,2011, and 2010 for form 760 cg. I wonder if VA is aware of this or are we wrong. One of my prepares found this and thought it would be nice to know for sure. Anyone else in Virginia have a clue? I am just a messenger so don't shoot me. Thanks

Previous preparer in hospital with coma. In fixing to what it realy should be only amounts to a $3 dep change(2012) whould you override and keep going with current figures or fix it(method) and move on. Really amounts to about a $12 increase in 13 than what would have been under the way original preparer had done.

TP has full time job 12 miles from home (w-2). TP gets schedule of games to call in normally Oct and runs thru the march madnes. If tp does not keep certification current he is not allowed to call games. Could this be considered temporary?

Ok after reading all this. Question is: tp is a partime ref. All his games are 75 to 400 miles away. Does not do local games. Is paid on a 1099 from the basketball association, not from any school or person. Some mileage is reinbursed by the association. Sometimes he calls a game on Friday and stays to call a game on Sat. Makes on average 4k to 6k per year. Are we saying that without OIH tp mileage may NOT be deductible?

In running error check I got a strange error message in red that said depreciation method does not appear to be correct for time in service. This asset was placed in service in 2012. Went back to 2012 to look. I had my guy put this in our 2012 program as it was on TP print out. Ran error check 2012. Numbers all appear to be correct with no error messages. Deleted asset and put back in according to 2012 dep sheet. Again I got same message. This is comming from another preparer that used ATX in 2012. asset in question was a chimney placed under 15 year life with 125db method and a midqtr conven. This is what was on the 2012 form. Prior return dep maybe incorrect with the 125db? I am thinking should have been mabe 150db? You all have any suggestions except to override to get rid of red error?

Does anyone know if Virginia/NC will still accept these files or do they have to be mailed in? Federals will be ok.

Has anyone figured out if or not to include this in 2014 estimated tax for 2014. Also has anyone seen a good worksheet for calculation of this penaly or the federal subsidy you may get?

I noticed yesterday that in setting up the efile signature form a SID # was already there. When client comes to sign on Monday will that SID # change or will it change when I send it on to EFC? For those that have transmitted did this number change? I did notice over on protax board that said put this number on AFTER acceptance??? What now?

Here is the real life situation I have. When IRA cd #1 came due at bank 1 in October of 13 tp took funds and went to bank 4. Put it all back in. When IRA #2 cd came due at bank 2 in November of 13 tp took funds to bank 5 and put it all back in. When IRA cd#3 at bank 1 came due in December of 13 tp took fund to brokerage in January of 14 and rolled all back in. Are we saying that because these are different that TP can do this? Just trying to get a good grip on this.

I noticed yesterday that the employer name drop down box is working but doesn't put it in the box on the W-2 screen or the the detail screen. It did however put the addres and id # in their respective places. Do or did I have something not marked?

Any one know if Virginia is on board yet?

Back to original post. Plain english If I have 3 ira's are we saying I cannot roll #1 when it comes due in Feb, then when #2 comes due in March I cannot roll that one and when #3 comes Due in Sept I cannot roll that one either. Is this what we are saying?

Jack, what is the name of that folder so we can watch. My it guy on the original problem just put in bigger hd. Gots lot of room now.

What I have. TP already in business as a S-Corp. Goes to another State to set up same type of business only as a sole propiter. Incurred costs of buying building, renovating building, buying assets to be used in business, engineer fees, and interest on debt to buy and remodel. TP did this in 2012 opened doors 2013. Has yet to file his 2012 personal return. If you are looking at 2012 would you use $5000.00 start up and capital rest? what do you do with interest paid on note in 2012? For some reason I cannot get this through my thinker. Help and suggestions appreciated.

I have seen where deposits did not match due to either loan money being put in or TP skimming off the top(schedule c & f only). What would be a good variance for this? Tp said the income # he gave me was correct. EIC returns I do check closer. What are other thoughts on this matter?

I had one of these audits(sui). Thay insisted that unless the contractor has their own license etc we must include them on Unemployment reports. This of course then will NOT match our 941(etc). They responded no problem as long as they were subs. Your mileage may be different. Just what I discovered.

Shareholder is a 50% owner and retired. S corp pays health insurance and puts on W-2 as wages. No SS or MT wages or withholding. Is tp entitled to tha 1040 pg 1 deduction? Brain dead this AM.

I stumbled into this one. TP owns a business. Pays employees including nanny from business. Includes all on 941's etc. Issues w-2's. It looks like on Schedule C I should subtract out nanny and head that number to 2441. Is there a problem that these wages and ss/mt on Schedule C will not match what is on 941's etc? What do you think?

But what happens in discovery after the fact a 1099 should have been filed and contractor will not give out information?

Thank you. I believe I can make this work. Any way, it will look more professional.