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Dave T

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    Running,bicycling, rollerblading.<br />Spending time with my 3 boys.<br />Studying the Bible

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  1. Hi Christian I have the same issue. I looked at my credit card statement last night and there were two charges from ATX. One I know about and that was due to having to purchase an extra state. ( I use the 1040 pkg. which allows for 3 ). At any rate, there was another charge which I cannot identify and I too called the A/R department only to get the same message, " we will get back to you in 48 to 72 hours"
  2. I live in Rochester NY. No snow but cold and damp. My nephew says the late arrival of spring is a supply chain issue.
  3. Yes, in 2022 for 2021 and I was thinking the same thing.
  4. Self Employed t/p hasn't yet filed for 2021 but when calculating her self employment income, I realize her SEP contribution exceeds amount allowed. Her financial advisor had given her the maximum you can contribute but apparently didn't mention that amount is limited to 25% of s/e income. At any rate, is there anything she can do to avoid penalty for 2021? I've never encountered this before. Thank you.
  5. Also, if the student is under 24 years old they wouldn't get the refundable credit component I believe.
  6. Thanks very much.
  7. T/P moved from PA to MO is first week of 2021. He as one week of pay in PA as well as a 1099G from them for approx. $2K in unemployment presumably for 2020. Not sure how to file for him? Does PA have partial year resident or non-resident similar to NY? Thanks very much
  8. Yes the NY SDI and PFL flow to Schedule A
  9. Good points Lion and cbslee, No his only client is his former employer. So based on this then, no QBI but obviously S/E? And then, if not QBI does the income need to be reported on Sch C or just as other income?
  10. Yes, would agree with the fact that he has now has another full time job. In addition he is beyond the 3 year period and has just maintained the relationship with the former employer in a highly technical field Also, in the first few years after leaving he continued to consult and received a w-2. This is the first year of receiving a 1099.
  11. I think there may have been a thread on this awhile ago but not sure. T/P has full time job but also does consulting work for former employer. Former employer gives him a 1099-NEC which I know of course in subject to S/E tax but the question is does this go on Sch. C and qualify for QBI ? Thanks
  12. I had given her the estimated vouchers for 2021 and when meeting with her the other day I asked about her estimated payments and her answer was I didn't make any. Oh well what can you do. We can just suggest.
  13. Unfortunately no refund to apply from 2020. She has large amount of self employment in 2021 and thus facing a fairly large tax bill.
  14. It may be a moot point but just wanted to double check. T/P took $40K IRA distribution due to covid in 2020 and elected three year payback. 1099R showed $4K federal tax withheld which i included on 2020 return. Now, doing 2021 return she owes significantly more due to no tax withheld. I obviously should have checked this last year but could the withheld amount be spread over the three years as well? Thank you.
  15. Dave T


    Long time client moved out of state in 2020, bought a house and just texted me to tell me they are using that house as an Airbnb. I have had clients with rental property before but never something like this. How is depreciation calculated since it is their personal residence as well as rented? I know there are other expenses a well but not sure about this component. Thank you
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