NECPA in NEBRASKA

I just attended Nebraska's webinar that is the "Farm Seminar" for 16 hours. I remember when I was still in college as an intern, starting our with these and going for years. I always swore that I would not be some of the "old people" dragging around their oxygen and snoring in class. My boss was one of them. I was 19 and I thought that he was probably 80. In retrospect, he was probably 60. LOL I still have another 8 hour tax update next month and any random ones that I can fit in. 

Thank you. I will try again.

Does a payment mailed on 3/1/23 certified return receipt qualify for qualified farmers that do not make estimates? The return was accepted on 2/28/23. It took until November for the IRS to post my POA that was faxed in March. I talked to a PPS rep for a long time yesterday and she would not budge. She said the ACK date was 3/2, when it was clearly 2/28. She did agree that was correct and said that 3/1 was too late to mail the payment. I already mailed them a copy of the receipt, but it apparently has not been opened, because he never received a reply. If I am wrong, I will quit fighting them and have him pay it.

Thanks!

39 minutes ago, JohnH said:

The existing login information for EFTPS still works as usual.  The only difference is that you can't get access to EFTPS login until you identify yourself with ID.me or Login.gov.  They just want to know who is logging into EFTPS before granting you access.  As long as you have ID.me or Login.gov, you're fine.  If you don't have one of those, then you'll need to sign up for one or the other of them before you try to access EFTPS at any time in the future.  

I just got my PIN and used it to see all of my POA's. It was great to be able to pull them up and withdraw from some of them.

On 10/12/2023 at 9:15 AM, Patrick Michael said:

So sorry for your loss.  I had a "greeter" cat for many years and most clients looked forward to seeing him every year.  Only problem is he liked to sit on my lap when I was preparing returns and if I wasn't paying the appropriate amount of attention to him, depending on his mood, he would start tapping on the keyboard, making for some interesting results.

I had an awesome cat (thought he was a dog) greeter that managed to hit enough buttons that the computer crashed and restarted. I am relatively sure that he did not know how to use Alt Control Delete, but he was very smart. 

I hope that I can still pay the taxes for a not for profit where I am a member with my own ID. They won't have payroll until next summer again, so I guess I will find out then.

I'm so sorry for the loss of your furry friend and helper. It's so hard to lose them. When we had to put down our 21 year old cat and office greeter, we got three kittens to make up for it. It has been fun, but a lot.

I can't imagine the grief if all of our clients start getting emails from them after telling them for years "not to open them". It will be open season for scammers.

On 9/26/2023 at 4:12 PM, Abby Normal said:

If it's not a red error, then you can efile. That's basic ATX.

The red error turns out to be with the original W2s on the 1040. The dependent filed her 1040 on her phone, tossed or lost any W2s that she had. She got a transcript that only shows partial info for the W2s and a second 1098T that I didn't even know about. I sent her on a mission to get Employer ID#s and the other 1098T. I don't have a lot of hope for success. I feel bad for the parents, because they are going to pay over 2K and then amend, since it will not be processed in time. 

I agree. I keep paper copies of almost all of my financial records, etc.  My granddaughter has two missing W2s and refuses to get them. "They were small, Grandma!"  

DBerg, You are correct. I finally figured out that it's the lack of W2 information that is stopping the whole process. She lost her W2s from her original return or "it's on my phone somewhere". She got wage statements from the IRS and it does not show entire FED ID#s or address. I told her to find them or get copies. I have the copy of the 1040, but apparently the W2s are the holdup. I wish that the schools around here would teach some personal finance so that these kids would be able to function and know what things are important to keep. 

7 hours ago, cbslee said:

Because they have a smart phone and they have plans for their refund 

It was $35. She was worried about amending the return in case they took it away. I'm just upset that it has to be mailed, since there appears to be no way to inform ATX that it was already e-filed and accepted.

Stupid Toasters! For anyone that watched Battlestar Galactica. 

So I should not create a 1040 and then amend it? Trying to e-file the 1040x is where I get the error message.

Warning Per IRS, if electronically filing an amended return, the original 1040 return must also have been electronically filed and accepted. Otherwise, the amended return must be paper-filed.

Why, why do kids file their own returns? This is such a huge pain. It may be another ATX issue. It means a huge difference on the parent's return.

I prepared a 1040 as the child efiled it and then selected amend. It makes 0 difference, because the child only had $5k of income and a $35 refund. ATX is not allowing me to e-file the 1040x, because it says that the 1040 must have been e-filed. It was, just not on my computer. Does anyone know how I can show the program that the 1040 was efiled and accepted? Thanks for any ideas. I did search here and saw that it has been done in previous years by others, but I don't know how to make ATX listen to me.

Thanks,

Bonnie

I have already told almost all of my clients that I am retiring at the end of 2024. I am trying to figure out how to end the payroll. If I finish out the year with them, then I have the quarterly and year end reports left and I was hoping to be done by 12/31. 

I just have too much to do with taking care of my husband, seeing my 95 year old dad as much as possible and taking care of myself. I found out last month that I have a small brain tumor and have a neurologist appointment next month. They think that it's benign, but it is strange that my mom and my sister had them too. At least I know that I have it so that it can't sneak up on me like my sister's did. Her tumor was huge and caused a seizure. She has recovered well from the surgery, but won't ever be able to smell again. My brother and I see some mental changes, but considering how large that thing was, we are amazed. 

I just need something else and 45 years is enough. I hope to work part time unless I can't leave my husband home alone. We would like to move to Littleton after I retire to spend time with our son and daughter-in-law and hopefully do some babysitting. He says that there are a lot of groups out there so that I might make new friends and do some light hiking. I would love to bowl again. I can't wait to spend more time reading for fun and travel more. It's tough to fly standby if you have a ton of deadlines to work around. 

Congrats! Grandkids are so fun! Just more to love. Ours range from 3-18, but we're really hoping our son and DIL have a baby in the next couple of years. 

I would get a POA now. The IRS will need it in order to talk to you. I'm sorry for your client and you. 

It looks like some federal agencies have been involved in the hacking, but they are still checking. It all sucks. I've had my credit frozen for several years. I was happy to find out Saturday that is was fairly easy to open it temporarily when the car that we ordered last August came in. This will hopefully be my last new car. We kept my 2002 Honda because it is still almost like brand new and traded in the 2010.

3 hours ago, cbslee said:

I don't understand how they can make it retroactive to 2018?

Are your clients going to make PTET payments this year which will then be reflected on on amended 2018 to 2022 S Corp and PTS tax returns

followed by amended 2018 thru 2022 personal  tax returns.

First, you have already passed the date to amend 2018 and 2019 personal tax returns and receive refunds.

Second, most commentary on this subject says that in order for this to work the PTET payments are useable on cash basis., not on an accrual basis.

 

 

I wish that I knew how this is going to work. What they released yesterday was that it would take the Department of Revenue a long time to get everything ready and do not anticipate that anything will be able to be filed until after 12/23 and has to be filed by 12/25. I have no idea if the numbskulls even talked to anyone remotely connected to taxes or accounting. If the state society had not sent out a blast last night, I would not know anything. They just lowered real estate taxes by adding a property tax credit to the income tax return that can only be figured out by going to a revenue website. I can't even tell you the number of emails and phone calls I've gotten for that since they passed it. No matter how many times I tell people that it is reducing their state income tax or return and point out the amount, they think that they didn't really get it or that it should have come off of their real estate taxes. 

Yippee! I did not retire soon enough. Nebraska just passed PTET rules AND made it retro to 2018. They don't expect to be able to have any of them filed before 12/31/23, so I will have a lot to look forward to in 2024. I would love to push my end date up a year. LOL Maybe I will win the lottery.

8 hours ago, Pacun said:

Just out of curiosity, what operating system are you using right now? Sorry to have that simple question before suggesting to move to windows 11 or not.

I'm using Windows 10. It has worked great. Now I have probably jinxed myself. I keep hoping that Microsoft will fix 11 before I buy a new computer. My son is trying to talk me into a MAC, but I am not about to try something that different for now.

7 minutes ago, cbslee said:

 

I agree with delaying the upgrade to Win  11, since upgrading a current system is a bit more risky with respect to your current installed programs

If you do an online search, you will find instructions about how to do this. 

Thank you. I had done online research, but some of their methods scared me. I am pretty uncomfortable making changed to the registry. I was hoping that somebody on here knew an easier way. I will just keep ignoring it as long as it still says it's optional. 

The last time that Windows forced an update on my computer (after I had told it not to update), it really screwed it up. I prefer to buy a new computer with 11 on it. I hate that I will probably need to buy a new one before I retire next year, but I probably won't have a choice. If I can keep my desktop running and updated until the end of 2024, then I will get a laptop as a desktop replacement that is more convenient for travel and smaller for when we move. 

I know that I am dragging my feet about upgrading, but I hate to break something that is working so well.

It was held jointly and sold to take care of her nursing care. I did figure the 1/2 jump up. Thanks for everyone's advice.