mcb39

No! I am actually in the process of laddering CDs right now and making more interest money since we did in the late 80's and early 90's. Unfortunately, in those early years, we had very little money to invest. Now that our wants and needs have decreased dramatically, it is sort of fun.. Just always remember to keep a cushion.

If it's any consolation, my middle brother has not spoken to me in 20 years, since my Mother passed in 2004. He was the POA. I was the personal caregiver. Go figure. To this day, I have no idea for sure what his problem is. He had first pickings on everything and he exercised that ability. Death and Families just don't always go well.

Only two rejections so far this year; and very easy to fix. It DOES say Reject in bright red.

Up until this year, WI has only allowed $500. This year they increased it to $3000. Will save a lot of calculating on the WI WD form.

No prior letter was received by either of these clients. I totally believe them.

I have clients who are getting letters from the IRS regarding (so far) returns for 2021 and 2022 asking for taxes due. However, they show absolutely no reason for the changes. There is not even any indication as to which part of the returns was deemed to be incorrect. Anyone? Sure does make us preparers look like total idiots!

I would say Yes.

Just give it to the one whose name it is in and not the other.

VA is not a high deductible insurance.

I have an open bookcase in my office just for the convenience of my clients. They are free to browse and take a book or two. They often leave books as well. The readers in my clientele love it.

The adopted daughter qualifies him for HOH. The other two qualify as "Other" or Qualifying relatives.

I savor the feel of a book in my hands. Never have read a book on the tablet.

Wisconsin does!!!!

That is SO powerful. I hope that she retains her love of books as I have done to this day. There is something magical about the feel of a book. Typing was another thing that they said I would never be able to do.

I really like the automatic withdrawal option for estimates. That way they can't forget or renege.

Try being left-handing and learning cursive in a parochial school in the 40's and 50's. I did it and am proud of it. All of my life, I was told there were things that I could not do; and I did them. I learned to knit by watching my mother-in-laws hands in a mirror. I can spell, I can type, but I can also make homemade bread and can tomato juice. I am computer savvy and can use a smart phone. I have never believed in cutting corners when it comes to education. I am pretty good at tax law, but still learn something new every day. I'm not bragging but just stressing the importance of learning. At my age, I still thirst for knowledge; be it scholastics or hands on.

If it is a MFJ return, the husband is usually the primary and the Estimate payments are pertinent to the entire return. It doesn't matter who filed them until you file the SE form. Then the credit goes to the proper person. I have never given it much thought until you brought this up because of our Community Property rules. In the morning, I will take a look at one of my returns with estimates.

But, what happened to the one for the energy efficient shingles?

I think the facts and circumstances are superfluous unless she got a 1099 or is in the business of reselling.

The program doesn't allow you to create two. We always just add the two together and let the stone land where it falls. IMO, the 8962 is one of the most difficult forms to understand. At least, they gave us more leeway this year.

Somebody is doing something right!

Have you considered a Qualified Joint Venture instead of a Partnership? Two Schedule C's instead of a 1065

Absolutely correct!!!

I have far too many clients who would have benefited by the "old" rules.

I have a client who was seriously lacking intelligence when he put the cash in the bank; then ate out and bought groceries, etc. with his credit card. The Hammer fell and he is on a payment plan to the IRS well into his senior citizenship and retirement. Regarding your client, Lee, I would give him the benefit of the doubt for now. I know when I started my business many moons ago, I placed into service used equipment that I happened to already own before I operated as a business. (tax returns for family, friends, etc.) Only you can get the "feel" for the honesty of your client. If you believe in him; educate him on how to conduct a business going forward. I don't like the idea of a Partnership starting out; but then who knows? My husband started a small Partnership 50 years ago. Even though our son bought out the other partner several years ago; they are still going strong and I am the one who gets to crack the whip.