kcjenkins

Thankfully, within about a week those wait times should improve. Always does, as the newbies learn their way around the program. I hear from friends with other programs that they are also having long wait times. Given all the new 'kinks' in the code I don't think it is surprising that it's this way this early.

Eli, if she had previously deducted the 'loss' of the money, then it's recovery is taxable and goes on Line 21. [ Line d, Reimbursement for deducted casualty or theft loss'. If she did not claim the loss, then it is just a recovery of basis, and it would, IMHO go on Sch D from the 4684, and you would thus claim the unrecovered basis as a theft loss.

Wishful thinking, Tom. You can use 'duplicate' to make splitting them easier, but you still have to do the changes after that.

Not yet.

Line 21, not subject to SE tax, 7th item down is where box 3 flows. Just enter the 1099 and where it says "Select form to link box 3 to:" you select the first choice, "1040 Other income".

I too would put the rent on Sch E. And the rent paid for the house on the Rental expenses, so that it zeros out, or close, depending on house repairs, etc. No need to pay SE tax on any profit on the house rent, nor to distort the rental expenses on the F.

It's not likely, if the AR audit is just about the border city exemption. Even if it turns out he did not live in the city, so he lost that, unless they broaden the audit the IRS would not be interested. He'd better hope that is all there is.

Mom claims the HOH because the child lives with her. She also gets the EIC, etc. Dad files as Single and claims the child's exemption, including the 8332, in years he's entitled. You should also inform him that Mom has the right to 'revoke' the 8332 in later years, even if the divorce decree gave it to him. But normally, as long as he pays his child support on time, that should not happen. However, if it does, she's within the IRS rules, so his only recourse is to go back to the divorce court for compensation from her. Which would probably cost him more than he'd get from the Mom.

Good one, Tom.

In Little Rock AR, you can’t walk your pet cow down main street after 1PM on Sundays.

You are welcome, JB.

Two bees met in a field. One said to the other, "How are things going?" "Really bad," said the second bee. "The weather has been cold, wet and damp, and there aren't any flowers, so I can't make honey." "No problem," said the first bee, "Just fly down five blocks and turn left. Keep going until you see all the cars. There's a Bar Mitzvah going on and there are all kinds of fresh flowers and fresh fruit." "Thanks for the tip!" said the second bee, and flew away. A few hours later the two bees ran into each other again. The first bee asked, "How'd it go?" "Great!" said the second bee. "It was everything you said it would be. There was plenty of fruit and, oh, such huge floral arrangements on every table! I made my quota easily." "Uh, what's that thing on your head?" asked the first bee. "That's my yarmulke," said the second bee. "I didn't want them to think I was a wasp."

OK, I'll start them again.

Yes, the template can work just great for new clients. Will not work for rollovers. But, it's very simple to go to the line and bunny hop to open the schedule.

Seems weird, but to be excluded, it might work. Depends on the timing. For the COD to be excluded, it must have been his residence at the time of the repo, as I read it. But if it was, and he only bought the new house after that, then strange as it seems, it should work.

If you don't want to use the Doc Manager, why not just uninstall it?

The 'benefit' is that his basis in the house is now the FMV of the house on the day Granny died. That means if he sells it now he has no taxable gain. That is about all the tax benefit.

I too would put it in Box 3, since he's being paid what is closer to rent than anything else. It's not actually rent, but it's not for any services either, so putting it in box 7 would just cause problems for the recipient.

OK. here's the deal. TX has no income tax at all, and half of the city is in TX, half in AR. So, AR exempts the residents, but sometimes they do audit to make sure that the client actually qualifies for the exemption. As long as they do, it should not be a problem. This exemption only applies if the taxpayer is living within the city limits of Texarkana, Arkansas or Texarkana, Texas. The exemption does not apply if the taxpayer lives on a rural route or in a town in the surrounding area of Texarkana. That is why they audit them if, for example, they think they are using their business address in the city but actually live outside the city.

I've only gotten one so far, but only the 15 was deducted. I think the 'tech fee' does not apply to FeeCollect.

You did not mention what type of work she did? For example, if she met one of the exceptions to FICA and MEDI coverage as a student. Before you just assume the employer made a mistake, I'd check with them first. There are some exceptions for foreign workers in certain situations. And those exceptions do not always mean the tp needs to pay SE tax, either.

About time! :P

Jainen is a proud 'contrarian' who make take a bit of getting used to, [OK, a lot of getting used to] but he does not really have a mean bone in his body. He just want's to make you think things through. We've all learned from him over the years. And even tho he's not always right, he's always got a point that will make you think a bit deeper. Don't take him personally, and you will come to appreciate him.

Well, the usual problem there is that the 3rd party thing is only for them to call you, plus it's only good for a year, and many of the problems that arise you don't get notified until the second year. But the main one is the first I mentioned, it's basically just for THEM, if they have a question during the processing of the return.

Well, how about just using a 1 in place of the zero, that should not be hard to remember.