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terry

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  1. Are farmers going to get an extension if have not paid any estimates. Due to 4562. I alot of them,usually pay by March 1st.
  2. iNTIALLY WITHDREW 20,000. WITHIN 60 DAYS RETURNED 10,000. HOW WOULD YOU ACCOUNT FOR THIS ON TAX RETURN? THE 1099-R SHOWS THE 20,000. THANK-YOU!
  3. Thank-you. The spouse is going to be receiving this until death. I doubt that insolvency will work. This was credit card debt.
  4. Interest in a pension plan. Are they looking for the current value of the plan? thanks in advance!
  5. Yes. Another persons opinion was that it should have been reported on a 1099-B not a 1099-misc.
  6. A farmer brought in a 1099-misc. (non-employee comp. ) for a storage & mineral deed. Does anyone know how this should be treated on the tax return? Thanks in advance!
  7. This is a new one for me, T/P has adult handicapped child living with her. This year W-2 is issued to T/P from state of Michigan showing wages paid. The handicapped adult is the employer. The parent is the employee. No social security or medicare tax witheld. Reading Sch H I don't believe this form has to be filed. Is the parent able to file 1040 & claim EIC? The only income for Federal is under $5000. Any thoughts would be appreciated!
  8. I read that self-employed will pay only 10.4% on SE income.
  9. New vehicle bought in 2010. Used over 50% for sch C business. Used less than 50% for Sch E rental. Atx is calculating MACRS & bonus for Sch.C & S/L for Sch E. My Question is how to enter this into program correctly since the vehicle is used roughly 90% business total. Thanks.
  10. terry

    ATX Server

    Is the ATX Server down? Was trying to recieve efile acknowledgement or connect to mysupport. Cannot do either. Thanks.
  11. No, has a small orchard on his property.
  12. T/P donated bushels of apples to local school which were grown on his property. Wanting to take FMV per bushel. This is a first for me! Pub 526 refers to food inventory but doesnt really relate to this situation. Thanks.
  13. terry

    SUB PAY

    Thank-you, I wasnt sure if this was considered earned income. No other wages, just unemployment along with sub pay.
  14. terry

    SUB PAY

    Is supplemental unemployment benefit fund pay reported in Box 1 W-2 eligible for EIC, CTC & Sch M? Thanks in advance!
  15. 1099-Q is in Mothers name for her 2 children. Children were young when established, now in college. Box is checked, the recipient is not the designated beneficiary. Does this cause a problem with taxable earnings & penalties? Mother does keep detailed records of withdrawals. Thanks in advance!
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