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Eli

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Posts posted by Eli

  3. Energy Credit question

    in General Chat

    Posted

    Client brought in a receipt for an air condition unit he purchased in 2011. He was told he could get a $500 credit on his tax return. I don't see anywhere on F-5695 where it can be taken. They have a 'certificate of product ratings' that states: "This combination qualifies for a Federal Energy Efficiency Tax Credit when placed in service between Feb 17, 2009 & Dec 31, 2011.

    My 1st thought was that maybe it was the rebates the states were giving for the Energy Start appliances. Just want to make sure.

    Thanks!

    Eli

  9. KC Jenkins...

    in General Chat

    Posted

    For those of you askig about KC, she is doing ok. She said she retired from taxes in order to care for her husband. She says he is gradually going downhill. Please keep her, her husband & the rest of their family in prayer.

    Eli

  18. 1st Time Homebuyer Credit

    in General Chat

    Posted

    Client purchased his 1st home in 2010. He had a signed contract before the April 30 deadline. He closed on the home before the due date as well. After he closed on the home, I amended his return to request the FTHC. About 2 months later he received a letter denying the credit because the IRS had received a 1098 under the client's name & SSN from a mortgage company. Checking with him I found that he owns an unimproved lot in Virginia. We got tax statements from the county tax accessor showing it was an unimproved lot with no structure on it. We sent that form in with an explanation on how it's just an open lot with no home. About 6 weeks later I call the IRS to check the status & they tell me they don't have a 1040X requesting the FTHC. So I ask how is it he received a letter saying he didn't qualify for it if they never received it?? Anyways we sent in the paperwork again this time including the tax office paperwork along with the rest of the forms. He just received another letter denying him the FTHC.

    Any ideas what we could try next?

    Thanks!

    Eli

  21. Form RRB 1099-R

    in General Chat

    Posted

    Look at the 1099-R input sheet, the very top, the fourth red line down:

    Select Special Type ...

    taxbilly

    TaxBilly, one more question if you don't mind. The top portion of the RRB is in blue & has amounts on Box 3 & Box 5 that are the same (16215.96) Do these have to be reported anywhere?

    Box 3: Gross SS Equivalent Benefit Portion of Tier 1 Paid in 2010

    Box 5: Net SS Equivalent Benefit Portion of Tier 1 Paid in 2010

    Thanks!

    Eli

  25. Amend HoH to MFJ

    in General Chat

    Posted

    The husband has not filed returns for the past two years. The wife has filed HoH both years claiming their two sons. Now they are filing for bankruptcy & they are required to file joint returns. I've amended returns before where both parties originally filed HoH & changed to MFJ. Now I'm just a bit confused since the husband has not filed at all. Would the same steps be followed as if they had both already filed returns?

    Thanks!

    Eli

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