grandmabee

What is your coverage limit. The one my agent wants to add is only 50,000. that doesn't seem enough with the horror stories out there.

It's getting time to renewal my insurance. I am looking to add some kind of Data breach insurance. Anyone have any and can give names or what all I should have included in the policy? thanks for any help.

Can I ask how you split it? I know I saw one that was split 1.00 to parent and balance to non dependent child. Which meant they didn't have to pay any of it back because child had the lower income below the limits.

It is attached to the Schedule A. Jump from the interest deduction line and it will take you to the worksheet.

I know Drake is now letting them e-file the returns per a post on another blog.

You look back 5 years from date of sale and if they used it for any 24 months in that time then you meet the 121 exclusion. You still have to pay tax on the depreciation taken, and other requirements must be met for the 121.

I remember the midnight rush and also the August 15th and having to do another extension, only then you have to "reason" to be approved. My pat answer was always "more time needed to complete an accurate return" Never failed, always received the accepted extension back to us in the mail stamped "approved"

I would file in his home state as most states taxes all income for residents. Then file a non resident state tax return in where he fished and earned the money.

So Sorry, My prayers are with you. I agree put your mom first. Your business can wait you won't regret being with your mom.

No carryforward, but if it creates a NOL then that could be carried forward or backward.

You don't have to amend. Report on year 2020. Have him take out the RMD NOW for all missed years . Good thing he doesn't have to take any 2020 out so income won't be as high. Have T. Rowe Price resend him the 5498 for each missed year and it will tell what it should have been taken. Also all they have to do is notify the client of the RMD amount. they don't know if he took all of it out from one IRA. I have never had a problem with the penalty. just do the 5329 page 2 and give the reason and tell them that you have now signed up for automatic withdrawals so it won't happen again.

I agree my heads starts spinning, I am glad I know taxes because I don't know details like that on computers.

all credits are 100% to whom it belongs to.

Anyone know what is going on with the 2020 estimated vouchers for Federal? 1st & 2nd voucher is showing due date as December 16th 2019 ??? what the heck. 3rd and 4th is correct.

Anyone able to send E-files today? I have been down all afternoon. Didn't check this morning.

I was talking about signing of the paid tax preparer. If the return is efiled it must have a PTIN on the return for paid preparer.

Don't renew PTIN's for non filers. That would stop it IF they are signing returns.

Is she doing it in the mother's home? Her home. It is taxable, should be on W-2 but I have one that does it on schedule C because her mothers lives with her. What expenses does your client pay?

on the 1099 input page there is a box for rollover and it will print on the front of the 1040 "rollover"

Here is the flyer Maybe we will have to pay for it extra. ATX renewal.pdf

I would deduct as a professional fee. Is this a lease or straight month to month rental?

ATX does have the "simple return" that needs to be file. Read the instruction, they is only certain boxes you fill out, different than regular return. Instruction are in a "news" in the program.

It was on my renewal notice I received in the mail today.

I was offered to lock in for 3 years at same price as 2019. I can't remember how much extra that cost me. I am going to try to find that out. I paid 1448.64 for 2019 MAX. Today I received the renewal offer with the 15% discount for 1451.64 which then my "lock in" saved me 3.00 which I paid more than that to get the lock in. But maybe the next 2 year it will help me. Also the 15% might be because of the virus going on. I thought it was usually only 10% discount.

I just saw for 2020 we will have e-Signature capability. Sounds like this will be very helpful.