joanmcq

You forgot reporting the $200 as income.  Other income . Basis is $10,200.

The drum for my brother was approximately $25? It was a few years ago and I don’t remember.

More information: the EIN she used last year & this year is the one from her LLC. Since it was applied for under XYZ, LLC it failed the name match this year. Husband is in the hospital.  Does anyone have an idea what I should do?

ok, I finally got the Letter 147C from the IRS and guess what! She filed for an EIN for an SMLLC she started years & years ago.  So the EIN she filed to be a household employer is ???  I guess she never closed down the SMLLC? 

What should I do with the return?  File with the old EIN for the SMLLC?  Have her husband get one for his own care?

She only needs the one semester to qualify for the credit.  Whether its worth it or not to take the AOTC or not is up to you & the client.

I'm using a Brother MFC-L2700DW since before I moved which was over 5 years ago.  Still working great.  Get the toner & drum from InkJetSuperstore.

You'll have to go into the W2 worksheets and mark any W2s (and any other documents) that they aren't taxable to PA.  Pain in the butt.

Client was mistaken, the contributions he thought he made for the last 3 years (all of the nontaxable contributions) and were marked in his organizer, he did not actually make.  They were contributions to his taxable account.  

So do I just delete the 8606? Mark the basis as zero and file it?

I’m using a Brother and it has been a decent all in one.

I have. And I get the result above.

the question may be moot; it turns out my client did not make contributions the last 3 years. 

Taxpayer has made $18000 in nondeductible IRA contributions. He’s 72 but still working and $6000 was made for 2021 (but I’m not sure if it was made in 2022 or not. Sending an email). Anyways, if box 4 is zero, it uses up all of the basis in the IRA this year, since the RMD was over $18000. If I put $6000 in box 4, none of the RMD is non taxable.  Shouldn’t the non taxable portion be a fraction of the amount?

So far two of my 3 clients with household employees have rejected by the IRS.  I have filed all three successfully in the past. The reject code says the employer EIN must match what’s in the IRS database. Has anyone else had this problem and what did you do about it? Am I forgetting a box somewhere? Is the IRS database full of cockroaches?

In Atx, click on SE retirement deduction.  It’s on page 2 of schedule 1 of the 1040.  You’ll be taken to a worksheet that can calculate all the types of plans. 

June is no good for me. College reunion, then a trip with my sister.

3 hours ago, Gail in Virginia said:

I don't have a pool, but I do have a pool table.  And i have a big field for parking.  I think it is about time to work something out. 

Haha, same here!

If the LLC closed in 2021, then the 3522 was issued in error.

I’ve never been able to have ATX stop an efile. Never thought it could be done.

Try to file it, lol.

Another question: how do you efile the c-corp extension?  Set up a second file?

I sent it a second time and it accepted.  I have no idea why it rejected the first time.

Was it a purchase of assets or a purchase of stock?

Have you gotten any to file?

Margaret, did you get the return to efile? I just had one reject and it said I had to attach the Sch B and something else and 951A must not be checked. Thing is I did attach the Sch B!  None of the other things mentioned  were applicable. 

What if you add on to your existing solar array. I’m thinking of adding a battery backup.

Hey Lion, the other 2 S-corps I filed extensions for (that I’ve been efiling for years) went through fine. This one formed last year and I had the same issue with the 2020 filing, but I filed the 2553 with the return.

Should I mark on the 2553 that it was done in a prior year? And attach the prior year 2553?