joanmcq

I don’t think it would be hobby expenses but gambling losses. 

Very clever!  I couldn’t read some of the descriptions though because of the title getting in the way

I was completely virtual before the pandemic and completely virtual during.  No change whatsoever.  Didn’t apply for any of the loans.

If he does a qualified distribution (over 70 & given directly to the charity from  the broker) he won’t have a deduction but doesn’t have to take the RMD as income either!  Win/win. 

I got blue light blocking computer glasses a few years ago and they really help. But I never thought of deducting them as a biz expense! D’oh!

I was in a class yesterday talking about the Jan. 15 loophole when another person in the class got an email: partnerships don’t need to send Jan. 15 letter, but S corps still do.

Sch C, does wife work for the biz? Then set up medical reimbursement plan for wife & get him covered as spouse. And I agree, ACA plan! No need to do all of this finagling to get income low. 

I think mine go back to 2002 or so. Time to start cleaning out. 

I’m trying to downsize too, and I’m only (only!) 62.  But the constant changes in tax law are driving me crazy and I just don’t remember them like I used to. 

I noticed this last week when trying to get through. Only happened some of the time though. Still couldn’t get through!

NV CPAs take 2 hours every year.  Since CPAs are licensed by the states, I guess different states have different requirements.

Ouch! I think I am looking at 3 years.  But I don’t know that my clients will allow it. 

Congrats Joel! I hope to be joining you soon!

Are you sure you file a 5471?

if you aren’t familiar with international taxes, I would refer this one out. International gets complicated very fast. 

Is the taxpayer a resident of CA?

I want to retire SO bad!

Ok, I have a 1099-Q none of which should be taxable. I keep getting error messages that my CA doesn’t match with my federal because ATX keeps pulling part or all of the distribution as taxable.  I cannot figure out what I have to plug in where to make the damn distribution not taxable.
 

$1683 is the earnings. I’ve put everything from $1683 to various amounts deemed taxable on the Ed worksheets in both the books line and the 1099-Q lines and cannot get this to work out. I am using ATX Advantage.  Can anyone help?

It is in elections

They are SO CUTE!,!

I filed the federal with no problem, but the NR NM return rejected.  There are two rejection error messages:

1.  The submission ID must be globally unique

2.  The submission must not belong to a message with a duplicate message ID

Does anyone have a clue as to what I need to do to fix it ? 

I prefer in person because then I get to leave my house!

I have a 2017 Outback and I love it. First car I bought new.

I think I shredded my earlier ones when I moved. Before that I had them going back to 1983.

I do believe you are correct. The gift is what the bonds cost, not the value upon maturity.  

If you put 1 as the number of colleges the student attended, the box is automatically checked so no more worksheets are added. If you put more than one, then you need to check the box once you’ve finished entering institutions.