NECPA in NEBRASKA

Husband passed away in 11/22 and wife passed 12/22. Stock was sold between deaths so she gets a step up in basis. Do I use Inherited for the date acquired or the actual date? I'm hoping that she still gets to treat it as long term gain. Thanks!

Have a great time! That sounds so relaxing. Our son just upgraded to flying 757s and 767s last month, so he is trying to get a trip to Kauai soon after 4/18 so that we can fly with him while my husband still can. His doctors approved it, if I go. Mark has always wanted to see Hawaii so we will fly to their place in Denver and leave from there. He has a 27 hour layover, so it will be a very fast trip. I told him I don't do helicopters, so we can see it from the ground. I rarely sleep on planes, so it will take me awhile to recover. I would have preferred Europe, but getting Mark through customs with all of his drugs and medical equipment sounds like a pain. I am really looking forward to going back to their place this summer and reading a book in the backyard.

I am so sorry for your load.You are going through some very hard personal and work trials. I doubt that the client that wants you to pay P & I didn't tell the other CPA the entire truth. Please take care of yourself and your family. I totally understand not caring as much. After 44 years of making myself sick by not sleeping and working ridiculous hours, I had to slow down and just say "whatever". I'm telling everyone that next year is it and I've been lucky enough to have a few doozies help me out and leave early. Some of them said that I'm only 65 and should not leave yet but I just don't have it in me. I am praying that I can work part time outside of the house doing something else, but who knows if I will be able to leave the house without hiring a caregiver?

I am sorry for you. I am afraid that I will have to file more extensions than last year. My clients seem to have more tax strange issues than normal and are missing more information than normal. I'm not doing great. I have had two cousins die, 4 clients pass this year already, my husband is really failing physically and mentally. I know that I am depressed, but don't have time to deal with it. Thank God I'm retiring from this 12/31/24! I need to try to get caught around the house so that we can move in a couple of years

Update to prior phone call. He never came back to the phone in 15 minutes. He apparently laid it down and left. I called again and it was answered by a very nice rep who transferred me to balance due for my clients, wait time expected 35-50 minutes. That's OK, went about my work. Phone was picked up and immediately disconnected. I'm sorry, this is just frustrating.

I called the IRS regarding a client letter. After answering his phone, giving me his ID# all I hear are crickets and screaming kids for over five minutes. This is really annoying. I think that I found my new retirement job. I can do this.

I hate it, because now I worry that I won't have access to it after I retire the end of 2024. I have the Pro Advisor Accountant's version.

I had read this thread, but I was trying to reassure myself, that since they were married, did not mean that she was entitled to his information.

I prepared a return this year for a guy that was separated from his wife for two years. She filed HOH and he filed MFS. He passed away unexpectedly and she is trying to get a copy of his tax return from me through his family.Will she need to be declared his personal representative? I do know that she is not my client and I will need something before I will produce anything or even admit that I prepared the return. I don't know if she or her attorney are able to use a 4506-T. Does she count as surviving spouse, since they were still married? Tax season has barely started and I'm already grumpy.

It's neither of those. They each own their own portion of land and the renter just writes one check.

I've got a client that receives one check from a farmer for cash rent and then writes two more checks to his sibling to split it. The farmer will not issue a 1099. I don't know why, but the income is always reported on Schedule E. Does my client need to issue 1099s to his siblings? Part of me thinks yes, but then he is not really paying rent to them. He could nominee it out, but there is no 1099 to tie it to. Thanks!

Nebraska has 80 required every two years. I already have 52 for the first year of this term. I am apparently a slow learner and need more classes for stuff to sink in and they keep changing too much crap for me.

Tomorrow at 11:59 PM is the ATX cutoff.

I love the distance vision in my right eye after having cataract surgery last Wednesday.I am going crazy trying to work. I had super dry eyes and the healing process was so painful over the weekend. I have my right eye patched when I am working, because it is straining too much trying to help. They took out the lens in that my old glasses so that I can see my computer with my left eye. I am alternating them with two different kinds of readers for reading paperwork. My vision in the left eye is terrible and my right eye must have been carrying most of the load. I can't wait until Wednesday this week for that one to be fixed. I'm just hoping that the bad weather stays away until after my surgery. I'm having terrible headaches from the eyestrain.

This is brilliant and makes everything that I had to play for my umpteen recitals look like nothing.

I still have a ton of classes left for the year. I will be way over my needed hours, but I find that it takes multiple times to beat things into my head now that I turned 65. My body and apparently my brain immediately aged. I need cataract surgery before tax season.

Mine was short $25k in expenses from the previous year and didn't think that would affect his taxes!

1040 not filed today, because client says that he did not make as much money as his Schedule C shows. I took every deduction that I thought was legal. The expenses for running for public office that I found were not a deduction against his business. He is looking for more deductions. He also says that I did not take the Covid credit that was available to everyone. It turns out to be 7202 for sick leave. I read them the directions and all of the things that made that credit possible. He said that the city was shut down, but that was in 2020., also not a reason for sick leave. He did not have any employees or children at home. Neither of them had Covid or the vaccine. They did not have to quarantine. I am willing to try to help, but I can't see anything that makes this credit available. If I am wrong, please let me know and I will gladly call and advise him on what else he can look for. Thanks!

Congratulations, Joel! I hope that I am not far behind you. I began in 1979 while I was in college.

I use Dennis's accounting program and it does a great job for trial balances, etc. I only use them for my tax return workpapers, since I got out of preparing financials for my clients years ago.

We used that suggestion for a family member and it worked out very well for both parents and the child.

I love our son's Outback. I am going to look at those. I really like the Rav4 Prime or Hybrid,too. My sister has a Forester, so I can't have one.

The Maverick brings back terrible memories. My dad bought a repo and it was the worst. I'm glad that they are bringing it back as a good vehicle. I am looking for a smaller or midsize SUV. I want something safer and good for Colorado roads when we finally get moved there.

We were going car shopping next week, but I will just look and not buy until I see what credits come out of this. I'm very excited that our son finally talked my husband into something newer with more safety features. He had two incidents last year that made him realize that they could have been avoided if a computer paid better attention than him.