mcb39

Good Luck with That!!!

I am filing for six minor Grandchildren who were given LT stock sales by their Grandfather. He knows that I am filing the returns and he is going to pay. They get talked into this kind of thing and think they are saving money. Well, I won't do his return if he didn't agree to these Kiddie returns as well. He did some research and agreed that I was correct.

In any case, it is an inherited house; basis is FMV at time of decedents death. Therefore, a capital loss can be taken if sold at a loss. Anyone???

Do you know any preparers who have time?

Apparently he has always done it himself. Maybe the wife's little side gig threw him for a loop.

This morning, after two calls trying to find us, in walks an elderly man with a handful of papers. He wanted us to show him how to fill out his tax return on paper. He had just taken a buyout from a Federal job and is doing a personal return on paper. Not only does he have W2 income, but also a Schedule C and a Schedule SE for his wife who has a small business. (But, she never makes a profit) SE? My assistant made a vague attempt to help him out. He doesn't know how to use a computer so we are wondering where he is going to get the forms. My husband was timing how long he was here. I still can't believe that anyone would think they could walk into a tax office and expect to be shown how to prepare his return. Maybe he thought we were one of the tax offices that are closing.

It's the time you spend biting your tongue while they slowly open all the envelopes. I even hand them my envelope opener. My fuse is getting short.

It bothers me too because I used to always work with a CD in the drive. And, yes, I do still have a CD drive).

Or, you can select "Print to PDF" in the Print Manager.

From what I remember, it was usually someone who had Marketplace for part of the year and "forgot" about it. My experience is that if they were issued a 1095A; the IRS knows it and will reject the return if it is not included.

However, I have had a few reject from efile because the 8962 was not included in the return. The efile system knows who received one and rejects if it is not included in the return.

It gets really trying when you have three or four generations of a family living together and they try to figure the most advantageous way to claim the minor children. They know all about the advantages of CTC; but know nothing about getting a job and supporting themselves. Thankfully, I only have a couple of these and cringe when they come in.

We have an outdoors wood burner; so immediate incineration of all unwanted paperwork from this office. Very little shredding here.

I would guess that someone in a coma would not have expenses that weren't medically necessary.

So where does that leave those of us who passed the test last time and are current with our credits for the designation of AFSP?

That clients would not come in with a pile of unopened envelopes.

Sorry, I guess I only saw K1 and missed the 1120S part. I was thinking Partnership; probably because I am working on one today.

It goes on Line 6 of the 1065 and is included in Total Income.

The entire unreimbursed medical expense goes on the Schedule A.

I had this situation last year and did extensive research. You are correct. Client got a nice refund and is since deceased. We will be doing her final return this year.

I have to do drops in both eyes three times a day and ointment at night. It only makes my eyesight better. I wish the same for you.

No issues here. It's time to shut down your computer and reopen. Overload.

Disability SS is reported the same as regular SS. It is not taxable. Let his parents take him as a dependent. At least he is worth $500 to them. File him MFS if he has any withholding to get back without taking himself as a dependent. This is the best advice I can come up with at the moment. As for 2025; who knows what the laws will be?

Where does it say that they are not perrmanently disabled? If they are receiving SS Disability, it is not taxable earned income and the girl can be claimed as a dependent. It sounds as though the EIC would be pretty minimal in any case. OP doesn't state whether the Female's income is earned or SS Disability. This is a convoluted case.

I had a personal relationship with our local agent before they closed a few years ago. I could walk in and discuss issues with her and she would also call me with questions or about forms. The last time I went there, there was an armed officer sitting there to screen you before you got in. It closed shortly after that. Sweet memories. When it was a source of pride to be a tax preparer.