mcb39

When there is a breach, they will tag everyone involved with a tax pin forevermore, whether their identity was stolen or not.

However, if you don't have any other depreciation; it is easier and faster to just use the Vehicle Expenses worksheet if you are only taking mileage. Anyone depreciating other property is aware of the worksheets for Listed vehicles. I, for one, find them a bit tedious if I don't have to go there.

It is there. I just had it last night, but they wouldn't let me use it because I had new depreciation. Go to the C or whichever form you are using and click on the car and auto expense block and it will jump you to the Vehicle Expense form.

Nor, do I!!!

What are the lists attached to; as in Schedule C, E, F?

I still have the same clients getting a pin year after year. Not that they had identity theft; but their workplaces were compromised. The pin is different every year. I have finally taught most of them to watch for it.

Start with Form 14039. I have had two; the same client two years in a row. I believe that it took about ten months before he got his refund.

My brother hasn't spoken to me for over 20 years. He was POA and I was caretaker. Will was a clean four-way split. I still have no clue what his problem was (is). He was the man in charge of the assets.

In the same vein, am I allowed to take a rental loss two years in a row on an apartment that is available for rent, but landlord has not been able to find an acceptable renter.?

Clarify FBCredit.

Wisconsin only allows $500 per year. I have a client who will never use up the Federal $3000, let alone the WI deduction., even though they have enough taxable income to take the deduction going forward.

You have to. Otherwise it populates as income even if you put zero in box 2.

My reference was to the loss of the form 2106 Employee Business Expenses and, no, single employees especially, are affected by the loss of this deduction. For many OTR truckers, it equaled the value of at least one exemption under the "old" rules., particularly if they owned a home. I am so tired of the government playing games with the tax laws. Clients still bring in all of their itemized deductions and we still populate the Schedule A because there are cases wherein the deductions flow through to the Wisconsin returns.

Everyone needs from time to time to refresh their knowledge about the kiddie tax. Clients have never heard of it and occasionally try to shift income to their minor children to avoid taxation. Tough scenarios to explain and/or calculate.

I just tossed all of mine a few weeks ago.

IMO, this is one of the saddest changes in the tax law. With the exit of the 2106 form, many employees are shot in the foot. I particularly notice it with OTR truckers who are employees as opposed to SE owners. This issue of mechanics and tools is also huge.

I only give them to clients who request them. That equals about 3 to 4 clients. Otherwise they bring them back still in the envelope. These days, I email Organizers to those who want them and let them print them out on their paper.

Such as clients who are starting to receive corrected 1099's with a different code or taxable amount and they have no idea what it is. (But, it was due by January 31)! Of course, it was.

I totally agree with this for at least one year. It has been working out very well for our clients.

Yes, my Win 11 laptop does that as well. I still prepare tax returns on Win 10, which will be updated after tax season. My fabulous IT MAN just updated my Surface Pro, which I am planning to use more or less as a tablet, due to eye issues. It will be interesting to see how that works out. Have not had time to try it out as yet.

I have the exact same situation with a pastor., except that mine has a W2 as a Hospital Chaplain and is SE as a Pastor. I don't have your problem, however, because he has a 401-K on the W2 and an IRA as a pastor. This is probably one of the most difficult and heart wrenching returns that I prepare, but he calls me his Angel and will never leave me. He is a citizen, born and raised in Poland, and terrified of the Government. He has been with me since 1999 and I have to be doing something right because he has never been questioned in all these years. I, however, question myself every year. My solace is that he prays for me and sincerely loves me.

I am not here to rob them. I am here to help them. Believe it or not, this is a very small business and they came to me set up as an S-Corp., and were paying mega bucks for their tax prep. I want to do what is best for my clients. I could have set up a Sm Partnership, but why? Just to get paid for filing another return? I charge them what I think is plenty and still don't come near to what they were paying before. Ethics!!!!!

We are not waiting around. We still have clients who are waiting for their last year's refund, which is still being processed. Also, we are still not able to speak with an IRS rep even in response to a Collection Letter. I don't have the strength to walk away from clients who need me. Credibility???

Even if I used the $53034 for food and services, she would still qualify for the deduction. It's been a long time since I did one of these and I just want to get it right.

I have the breakdown on a signed Wisconsin Rent Receipt. One of the questions checked yes is: "Is the rental property a long-term care facility, CBRF, or nursing home?"