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kcjenkins

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Everything posted by kcjenkins

  1. http://www.theblaze.com/stories/2013/04/16/decorated-vet-arrested-after-rudely-displaying-his-rifle-says-officer-pulled-gun-on-him-in-front-of-boy-scouts/
  2. yes, good timing.
  3. kcjenkins

    NT FYI

  4. By the way, if you don't have the PriceBlink free app, you should download it. www.priceblink.com/get-add-on It does not always save you money, but a lot of times it does. PriceBlink lets you know when the product you're viewing can be purchased elsewhere at a lower price. PriceBlink alerts you to money-saving coupons … Nextag is great for computer stuff, but PriceBlink covers things it does not.
  5. Well, since YOU know the law, you can not prepare his tax return as if it is non-taxable, for sure Personally, I would not prepare one for him at all, since he is clearly committing fraud be accepting the disability checks.
  6. AR has a MUCH lower standard deduction, only $2K each, so most of my clients who file standard on Fed still itemize on the state. Thankfully, it's easy to do no conflict with the federal. Delaware sounds like a pain.
  7. http://www.cch.com/TaxLawPileUp.pdf
  8. All depends on HOW THE INCOME IS REPORTED. It is EARNED income that is considered, not investment income. I bet your client's income was not W-2 income, or was some sort of 'deferred' earnings. We all know there are lots of tricks within our complex tax code.
  9. I did, once, with an especially a$$h*** employer, simply prepare a W-2C [as if done by the employer] and mail it in. Of course, the client had left that job by end of the year, so any issue would not affect him. I'm not suggesting that you should do that, of course, but it sure solved a problem for my client, who would have been really harmed if his refund was held up over what amounted to a simple typo. Only an issue because the idiot at the workplace refused to correct her own error.
  10. Yep, know what you mean. Could be worse though, you could wake up to this..........
  11. I think she'd have a good chance of getting any penalty abated, since she corrected it as soon as she could, and the error was done by the employer. Let us know what you learn. Never had that situation, so I'm interested in how IRS handles it.
  12. This is just not true, you have ONLY 9 months where you can earn any amount and still get disability. After that, a safety net allows you to work another three years risk free. During those three years, you can work and still receive benefits for any month in which your earnings do not exceed these limits: $1,690 for blind individuals; or $1,010 a month if you are not blind. He clearly is not entitled to disability for any period after the 9 month trial period. In fact, he's probably going to have a problem for not telling SSA that he was not eligible to continue to get those disability checks. Social Security's Office of Inspector General takes reports of fraud very seriously.
  13. You can carry back 1 year and then forward 10 years any foreign tax you paid or accrued to any foreign country or U.S. possession (reduced as described under Line 12, later) on income in a separate category that is more than the limitation. First, apply the excess to the earliest year to which it may be carried. Then, apply it to the next earliest year, and so on. The carryback-carryforward period cannot be extended even if you are unable to take a credit in one of the intervening years. Special rules apply to the carryback and carryforward of foreign taxes paid or accrued on foreign oil and gas income. In addition, special restrictions apply to the carryforward of pre-2009 unused oil and gas extraction taxes to years beginning after 2008. See section 907(f). File Form 1040X or other amended return and a revised Form 1116 for the earlier tax year to which you are carrying back excess foreign taxes. Special rules for carryforwards of pre-2007 unused foreign taxes. The foreign taxes carried forward generally are allocated to your post-2006 separate income categories to which those taxes would have been allocated if the taxes were paid or accrued in a tax year beginning after 2006. Alternatively, you can allocate unused foreign taxes in the pre-2007 separate category for passive income to the post-2006 separate category for passive category income, and you can allocate all other unused foreign taxes in the categories that were eliminated in 2007 to the post-2006 separate category for general category income. Restrictions. You cannot carry a credit back to a tax year for which you claimed a deduction, rather than a credit, for foreign taxes paid or accrued. However, you must reduce the amount of any carryback or carryforward by the amount that you would have used had you chosen to claim a credit rather than a deduction in that year. It SHOULD roll over, but if it does not, I'd do a worksheet and include the worksheet as an attachment.
  14. Yeah, that really made me laugh. [And cringe.....]
  15. Change in marital status will not be a problem. It will be his estimated payment, just as if he'd done it that way from the start. And yes, I'd advise she make the effort to deliver it in person, taking documentation of her status as his spouse. Get receipt.
  16. Terry, the internet is full of lots of things, and I especially like funny pics of dogs ! I find a smile or a laugh to be a great stress reliever, and the pics provide those for me. Enjoy your vacation, you've earned it.
  17. I always included the worksheet as an attachment, although it's not required.
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