TAXMAN

additional comment: after reading instructions for line 5a it does say enter any non de state taxes paid. Maybe I am wrong on this.

TP full year 2021 de resident. fed sch a state tax paid 8100(consisting of 6100 pd to de and 2000 paid to VA from the 2020 return. De form resident sch a 2021 is allowing the 2000 that was paid to va as a deduction. I don't think this is right. I can't locate a line for taking it out. thanks

tp bought 3 lots. built 3 houses on them and sold them in 2021. In talking with TP it appears there will be about 5 or 6 of these in 2022. I say it belongs on a schedule c subject to se. prior to 2021 , 1 every other year.

Have a tp that runs a landscaping business.(primary) Sometimes tp will build a spec house and sell it.(short time) Question is shouldn't this also be on a schedule c.(gain) which makes it subject to se tax.? your thoughts

If I follow what the instructions say about putting a 0 in box 1 and fill in part 4 it will not efile. ATX say delete form and it will clear efile. Should I attach it as a pdf file and see if it will go through?

I have one that I did exactly that. Efile went through fine. Son sent payment by 1040-v.

TP is full time licensed day care provider. TP received cares act grant $4k and stabilization grant $22k from Virginia early childhood foundation. They added the 2 together and put on a 1099 misc in box 3(other income). I am telling tp it needs to be included on her Schedule c as other income subject to SE tax and no Virginia substraction. Tp is insisting (due to something she read or heard) it is not subject to se because of the way it was put on form 1099 and that Virginia cannot tax it. If you can give some help I sure would appreciate it.

If I follow what the instructions tell me to put a 0 on line 1 then check yes box on line 9 and follow instructions for part 4 my efile tells me delete the form it is not required. so I think delete the 8962 and efile unless I make a pdf of the form and attach it that way. Thanks for the insight.

TP has dependent. Ex-spouse required to carry ins. on dep. Ex-spouse carries ins through Obamma care. In 2020 I had to put in 8962 with part 4 filled in in order to efile. If I put in part 4 this year it wants info from 1095 which ex-spouse refuses to give. Can I leave out 8962 to efile to find if IRS will reject? or does anybody else have a solution?

On page 23 of the 1040 inst it says attach a statement if your loan was forgiven. I have had several preparers tell me they didn't do it last year and was not doing this year. I feel like it is required. What is your take?

Any one have a good non filing letter that we could use to tell TP they do not need to file a return. ATX at one point had one but I can't find it. I guess I can create one in word and then try to bring it in. Just curious.

I have read on this site before where some file without the penalty as long as the error was fixed in a timely manner.

I have seen both ways. But I wonder how many kids will come as a result of having to stay home?

I discovered a jt couple got all the stimulas money then when dtr later filed Service sent dtr another 1400. I read dtr does not have to give back?

Thank you. I thought so but my old mine did not want to comprehend this.

Have form 1041.(NOT FINAL) Income of int and dividends total 900. State tax paid from previous year 10k, attorney fee 1500. bond fee 3600 exemption 600 giving me taxable income -14800. This will not be the final 1041. Question is do I have a NOL. I am having a hard time on this one simple as it may be.

I was told that I have to wait for ATX to reject b-4 it will correct itself so I will try what JackieCPA said. Unless someone else is having the same problem and a cure. I have about 5 of these to fix.

Not the final and real estate around here going up faster than gas. Its nothing to get 5 to 10 k over asking price even with a solid appraisal. With an increase in our tax rate wait till they get that bill.

my thoughts exactly thanks

I do not think so because IRS will already see that ein number already used. This would cause a change in the 1096 already reported. Just my thoughts as I have not tried this yet. May have one coming in. Maybe someone else can chime in.

I have an estate(not required to distribute income) with interest rec 7k and capital gain of 2k. Distributed 40k to heirs. The program is passing out the int to heirs(on K-1) and taxing the estate on the 2k. First can the estate retain the cg and owe no tax or does that cg also have to go to the heirs? The question page 2 ask "any other amounts paid out". I do not believe I can ignore the distribution. What do you think?

Concerning issue with filing a 2022 return under billing. What % do you intend to increase fees. I am thinking since ss gave a 5.3 % this might be what I increase. What is your thought?

My kids do mine and in spring all gets plowed under in garden. Tomatoes seem to like the stuff. Of course I have to have the soil tested for acid content.

I do not think 3911 even works. Have tried for 5 years to get a refund traced to no avail.

MY Bad looking at a 1099 nec while trying to do a 1099 miscl. Thank you for calling that to my attention