Donny
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Posts posted by Donny
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That is the way it looks to me also, line 16 is Overpayment, line 19 is how much you want refunded.
thank you both
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if someone still has 04 ATX on comp would you look and tell me if line 16 and 19 is a refund or owe, I took off o4 and this form is impossible to read. there is amt showing on these line I'm just not sure if this is refund or owe, client is being questioned by la. thanks
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Thank you so much, all of you! I am incredibly appreciative of all the help I receive on this Board.
I guess I'll amend 04, 05, and 06.
Thanks also for the heads up on the insurance issue.
If anyone knows the answers for La. it's Cathy, she has helped me several times,
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Doing my first LA return (not by choice; parents of my best friend). She is retired from the State (1099R) and he is retired military. When I read the LA instructions (and other research material) it appears that both are exempt from LA tax. However, previous preparer, who is a LA preparer, didn't exclude either. Given that he does this all the time and this is my first, I figure I'm reading something incorrectly, but I can't figure out what.
Any help from those experienced with LA returns would be greatly appreciated.
state ret. is exempt, military--go to La Dept of Revenue, type in military retirement exempt in search at top of page, this is a specfic amt. and rules you can read about and proberly understand I don't know how to do a link here,
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I, too, am cleaning up but not getting rid of client files altogether, only the paper. What I am doing, is scanning to disk and burning CD's. Each prior year CD, going back to 1996, will be on disk as well as each client. These archive disks will go to my bank safe box. The most recent 3 years will be on a CD for each year. Then every year, I will move the latest one to the bank vault. Of course I will also keep the recent 3 years on my duplicated hard drive with external backup in my fire proof safe. I hope this suffices for retaining client copies! I am so tired of paper.
I burn to cds also I just need to know how many years for the paperwork I need to keep in my files, when I first started I was told to keep 7 years of paper, but I'm not sure this is still correct.
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I need to do some housekeeping this summer, how long do I need to keep old records, and what is your best advise, shreed old records or return to client , if I can find them.(some of the address may be out dated). I looked at c. 230 but couldn't find an answer to this. thanks
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If I understand your question properly, your client doesn't need to do anything if he is in a combat zone on Apr 15.
He doesn't even need to file an extension.
He has at least 180 days from the time he leaves the combat zone to file a return and it will be considered timely. I say "at least" because the 180 days is extended, expecially if he was in the combat zone on Jan 1 of this year.
All he needs to do is enter a notation on top of the return when he files, stating the date he returned form the combat zone.
thank you
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client is in Iraq , he has lost his W2 and parent is trying to get a copy, if he can't get it in time. I can file extension but they don't know how much he made, etc. therefore I don't know the figures to use to do estimate, any advise here, mother is trying to get infor to go on line and get copy.
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is a place on the web to look up fed Id#, I have a w2 is very hard to read.
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I just want to make sure I'm right, If tp is a La. st .retirement,no ss or other income, they do not qulify for rebate, right?
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I use River City, but ATX told me this $4 was different from the incentive fees from the bank, this is suppose to be two seperate checks we get after the season. I'm calling support tom. just to make sure. if some are getting their $4 for each then I want to know where my money is, lost in cyberspace I guess, I had trouble getting several checks for my clients this year with the way we now have to go through ATX, I never had this happen when I used seperate RCB software, I got so tired of hearing each one blame the other when I had a check hung up.
Just talked to sales at atx, the incentive from the $10 will be sent out afer tax season and we get $6 of the 10. you had to fill in a special form and make a request if you want the money sent each month. I did not do this therefore i will get the check latter.
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Donny - Are you talking about the "after season" incentive fee you could qualify for for doing RAL's and RAC's? Or is this something else I don't know about? I was getting the "during season" incentive fee for every RAL and RAC when I processed them. It was deposited with my fees. I use HSBC.
I use River City, but ATX told me this $4 was different from the incentive fees from the bank, this is suppose to be two seperate checks we get after the season. I'm calling support tom. just to make sure. if some are getting their $4 for each then I want to know where my money is, lost in cyberspace I guess, I had trouble getting several checks for my clients this year with the way we now have to go through ATX, I never had this happen when I used seperate RCB software, I got so tired of hearing each one blame the other when I had a check hung up.
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Elderly client paid her daughter and son approx. $3,000 each to care for her elderly husbad (the kids' father) prior to being placed in an extended care facility she needed the son and daughter to care for him.....Would this be a deductible medical expense. Upon her lawyer's advice she paid them and provided them with 1099-Misc.
They claimed the income on their returns, but can client claim what she paid them as a medical expense on Schedule A?
While what the son and daughter provided could not be in the same class as a doctor, they did provide basic medical care and assistance much like what is provided in an extended care facility.
What say all of you?
I checked Lasser's and fees paid for nursing services are medical expenses claimed on A. a nurse does not have to be registered or licensed so long a he/she porvides you with medical services. In my opinion they (the son/daughter) would be in the same class as a paid sitter, these are like nurse aides in a hospital or nursing home. they stay with patient and give care such as bathes, meds. and other care. you may need to see if father lived with them or if they went to him. If he lived with them this may be a whole other story. Maybe someone has an opinion on that.
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do you think we really will get our $4 out of the $10 they charged, I was told they would send this summer. this is one check I will expect it when I get it.
I have not gotten any extra, I get my fees, plus e-file fee, I was told by atx at the first of the season that the exta $10 tranmission fee (our share being $4) would be sent latter., If any one else has gotten their share of this fee now I would like to know. thanks
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do you think we really will get our $4 out of the $10 they charged, I was told they would send this summer. this is one check I will expect it when I get it.
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Unless its rejected, you'll have to amend
been there done that last year, yep you have to amend. I made sure this year when the client came in that I deleted dupicate before e-filing, you can't change it after it's been sent.
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Donny, if this was just truck traded for truck, there won't be anything on line 15 of Form 8824.
And, yes, depreciation will show up for both vehicles on Sch C.
thank you very much
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this is totally new to me so I need help please
client exchanged truck for truck for buss use. I'm fairly sure I figured FMV of new truck, I'm confused what figures to use on line 15.
also the depreciation from old truck and new truck are showing up on sec c , is this correct.(combination of both amounts
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client has own business. he bought a new cell phone. He uses phone for 85%for buss. can this be ded. as listed prop. and take first-year expensing deduction for % of use.
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Just made my first new client really mad, he has to pay, doesn't matter that they made twice as much as last year, my bus. name doesn't have initals so I don't know what I'm doing, guess when he goes back to the big guy and find out that yes part of his ss is taxable and it was taxable last year, he will eat crow, just wish I was there to serve it to him.
P.S. just had client come in that went to Hand ___ and did one of the check stubs things and they did file on her last check stub. (I checked web site)she went in Jan. and got her check in Feb. she found those fees are not worth it, not to metion when I did 1040x she has to pay back some of what she got in Feb. I thought when they did the check stub it did not get filled until the client returned with w2, so much for my thinking.
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Miss part year resident-do they get credit for taxes paid to other state.
this is same return as above
This client works in Louisiana, 1099 R list Ms as payers st no in box 12
lives part year La, part year Miss.
would the 1099 be taxable to which state. 1099r is withdrawal from 401 from job in La.
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Miss part year resident-do they get credit for taxes paid to other state.
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I filed a Schedule D (there is a page for sale of principal residence). Hopefully that wll satisfay the IRS for matching purposes.
how did you figure the selling pirce from 1099A?
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client has not received w2, is a number for the IRS to report this? They have made many phone call with no luck.
NT / Is It Just Me?
in General Chat
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client came in yesterday to get copy of 06 state he had not filled ,he owed, called today , he had called state and they told him they did not show that he owed anything , dud, I told him of course state did not show him at oweing, he had not mailed in the 06 form,yet, and I'm still not sure he understood when he hung up.