grambuffy

ok, returns sent in yesterday and the day before are validated by ATX but not yet sent back as accepted by the IRS if they are accepted on todays date are they still timely filled? I have yet to get any acks last two days. I would look it up at ATX's web site but I always manage to get looked out. I hope they improve that procedure next year used to be we could access just by clicking on ATX on our software.

I thought I read somewhere that a student who has a paper route does not have to claim the income or social security tax on the earnings. I can not now find where I read it and need someone to let me know if I did see it or not. Any one know? Thanks Kathy

She received a 1099-Misc from the newspaper with no income just $0's on all lines> However, she actually had $6392 in costs of the papers and $3094 in miles driven on route. For that amount of money she should have had something on the 1099 if it was taxable income I would think and then again her interest income of $1400 is taxable.

I thought I read somewhere that a student who has a paper route does not have to claim the income or social security tax on the earnings. I can not now find where I read it and need someone to let me know if I did see it or not. Any one know? Thanks Kathy

Yes we can e-file 1040A but only with SS and Wages or Self employment under $400 nothing else can be included with the Stimulus 1040A except you will have to over ride and put at least $1 into return so there is an amount on the AGI line of the return and we can put checking or savings info for a paperless refund. Right? Now my question is if these people have retirement income do we just not report it on this form if it is not taxable? Is this just an informational return and we will not be in trouble for not reporting on the 1040A Stimulus return all the income if it means no tax I guess if you put $1 in to make it e-fillable that is also false information but the IRS says to do this on the web site. Anyone out there e-filling leaving stuff off the return?

Is any one leaving off retirement income on the 1040A stimulus return when it does not make a return filliable as the income is to low. Is the 1040A for stimulus just informational and therefore it is legal to not put some of the non taxed income such as retirement? Anyone out there filing with out this information imputed into the return? Kathy

I am trying to put in stock sales for client but they don't jive especially the ones that have Exchange

instead of Sale on them. Do they get reported differently? How do I figure out why what they say were the proceeds from sale are different then when I put in the group of individual sales. Any help would be appreciated. Kathy

Parents bought a 4 bedroom home to rent out and have their dependent college student use also. It is four bedrooms and is rented out all year. Daughter comes home for summer. They rent to 3 students who each have bedroom and run of the house. Is it legal to depreciate and use 75% of the expenses as offsets to rental income? Do they have to add rental income from the daughter. Each person pays $250 a month. I am confused on this one. Any help would be appreciated.

Thanks, Kathy

Kathy --

There's more information needed here. "No social security tax" can mean lots of things, from the accountant is incorrect to the box checked to he's already maxed out.

What does the 1099-MISC say? Box 7 - non-employee compensation? Box 1 - rents? Box 2 - Royalties? What was the person's W-2 salary?

Tell us those things, and we can help.

Catherine

client has a pro shop no W-2 to him, just a 1099-Misc box 7 in wifes name

ps I just notice made out to wife when I rechecked 1099

Rev. Pro 2008-21

Section 1. Purpose

The revenue prodedure provides that hte IRS will not challenge the accuracy of income tax returns filed

with Notice 2008-28 by eligible individuals who enter $1.00 in adjusted gross income solely for purposes of

effectating the electronic filing of the return

Section 4. Procedure

An individual within the scope of this revenue procedure who wishes to electonicaaly file an income tax

return may enter $1.00 of income in the income section of the reurn and at least $1.00 of the adjusted gross income even though the return prepared as instructed in Notice 2008-28 would otherwise show no adjusted gross income.

The IRS will not challenge the accuracy of the entry of $1.00 of adjusted gross income on the return for any eligible individual who follows the procedures in Notice 2008-28 and in this revenue procedure and who has no filing requirement under sections 6012 or6017.

This is from NATP

My client has a s corp accountant who told him his 1099-Misc income would not have to pay social security

tax. Being I just do simple 1040 returns as a rule and I am not an accountant I was going to put the income

on a schedule C with a Schedule SE if this income is not reported this way does the 1099-misc income go

to line 7 as wages or to line 21 as other income? Anyone who can help, your imput will be appreciated.

Thanks, Kathy

Can these be sent out now? When I have one in the return 2441 it no longer says that it is not e-filable until Feb 11 has anyone sent out the 2441 and have had it accepted. Michigan having a blizzard already have had all morning appointments cancelled now to squeeze them in later :P

Where can I find the 2008 Form(s) 1040-ES?

Not available yet from ATX.

Is there a PDF file somewhere that I cab access?

Thank You.

Booger

That form now available on forms update. Kathy

Was finally able to send out the MI1040CR's today Just went to update and found the 1040CR available and then sent out the 7 returns I had waiting. Now I am happy!!

Check owners manual for amount of electricity used a day and multiply by days used. Most manuals will give you this information, only thing I can think of.

ATX just changed release of MI1040CR to Saturday. This is when my stress level goes up up up

We received our SSA-1099 statements last week. We live in MI which might or might not help States of WI, FL, TX. CA and IL had a total of 728,609 forms sent out that had wrong information on them and are being reiussed. Information is from previous post was in JSOnline journal sentiinel posted Jan 16 http://jsonline.com/story/index.aspx?id=708198

Have 6 MI1040 CR on my plate waiting to be e-filed out to the state but the MI1040CR is not approved for e-file. Anyone know why? Does it have to do with the Social Security re-issue of statements with errors being resent?

MY client is having her wages garnished for money owed a lawyer. Her husband who is on SSI for disability was sent a letter from the lawyer saying that they are going to garnish his Social security disablity as payment as well as their tax refund. I can't remember where I read it but I thought only government tax reimbursements, child support and government student loans can offset a refund is this correct? I am not sure about SSI payments I looked on the SS website and found nothing about payments through them only about if you are working and you owe them. Wife has only wage income and husband has only disability payments. What about the state of MI? Any help here appreciated. Thanks Kathy

I just had couple here hoping to file early enough to get their refund before they leave for a trip to Hawaii on Feb 14th. The problem is they have an education credit which cannot be filed until Feb 11, I thold them I would file an amended return for them for the credit after they get home so they could file now and enjoy their vacation. I just opened my e-mail and had a post fromNATP that stated that if you file early with the idea of amending later with one of the held up credits they may encounter problems with the IRS later. What knind of problems? Penalties, denial of refund any one have any ideas on this I would like to know. This couple is not at fault for the delay, it is their first vacation ever after 10 years of marriage taking care of a handicapped child, I sure would hate to tell them they should forget about an early refund :angry: