jmallard

Jim & Gail, Thanks for your responses. Yes, adding Box 3 and 7, then multiply by 6.2% does equal the amount in Box 4. Thank you both very much. Jerry

Jim Oh Bkkr & Pacun, Thanks for your reply and information. Jim Oh Bkkr, the amounts in Box 3 and 5 are not the same. Box 3 is $7151 and Box 5 is $8544. Does this mean that the Box 7 tip income of $1393 has been taxed but has NOT been considered in the amount withheld for Box 3 Social Security Wages ? Should Box 3 and Box 5 be the same amount ? Do does this now mean the $1393 should be reported on Schedule SE ? Thanks again. Jerry

Hi, I retired from tax preparation in 2010 and I find that my memory is a bit fuzzy on some of these topics. Mom is single living with her single daughter, who was 19 at the end of 2020. Mom has filed as HOH for the last 18 years. For 2020, daughter worked part-time as a waitress and earned $8544.00, lived with Mom all year and was a full time student for 2020. Daughter also earned $163.00 from "Post Mates" as a self employed driver for food delivery. She received no 1099 or W2 for this income. My questions are: (1) Since daughter earned a total of $8707.00, does this disqualify her as being a dependent of the Mom so now Mom can't claim HOH filing status ? (2) Since the daughter's $163.00 earnings from Post Mates does not reach the $400.00 threshold, doesn't that mean she does not have to file a Schedule SE for the income ? but she does have to file a Schedule C ? (3) Daughter's W2 indicates an amount in Box 7 Social Security Tips. This is included in Box 1 Wages. Does she have to file a Schedule SE for Social Security Tax for this tip income ? I am always grateful for the help I have received on this forum. Thanks in advance! Jerry

Yes, I have three e-mail accounts and have received those type e-mails on all three of the accounts. One thing that makes it a SCAM is I don't have any cameras attached to my computer. Still wouldn't hurt to change your e-mail address. Hope this helped. Jerry

BHoffman, Thanks very much for the quick response Jerry

Hi, Can someone tell me what the class life (years) of a new HVAC (Heating/Air Conditioning System) for depreciation ? Thanks Jerry

Elrod - Catherine & kcjenkins, Thanks very much for your information and advise. I just have one more question. Should I go ahead and paper file the California return so the Form 8822 can be included and print a copy of the Form 1040A (that I created separately) and indicate that the form is a copy for info only because it has already been e-filed ? Thanks. Jerry

Hi, My daughter decided to file her own taxes this year (free on-line program), however, she entered the wrong address on the Form 1040A. The "free" program e-filed her 1040A and then wanted a fee to file her California return. That's when she came to me No problem from the FED e-filing, she has already received her refund to her bank account. I want to correct the address mistake on her California return. Do I need to amend her Fed return? Thanks. Jerry

Thanks for the response TAXBILLY. Jack from Ohio, Thanks for the link. I had an old one but it quit working. My client didn't remember if he received the payment or not. The link says he did receive the payment. Now, I can e-file. Jerry

My client had Unemployment Income from the state of California. Can someone tell me if Unemployment Income from the State of California is considered income from a state or local government for work not covered by Social Security and reportable on line 11 of Schedule M. My schedule M keeps getting rejected for no amount on Line 11. Thanks. Jerry

Thanks for the responses guys. Jerry

Thanks for the reply. I'm sorry, but I don't know what TTB 6-2 means. Jerry

Hi Everyone, I used to have a list of items that may be deducted on Schedule A when a person buys/re-finances a home. Could someone give me a clue as to which of the following items might be deductible: - Loan Discount - Bank of America - Credit Report to XX Credit, Inc - Flood Certification Fee to XX Flood Determination, Inc. - Tax Service Fee to XX Tax Service Corp - Lender Fee to Bank of American N.A. - Interest from 12/29/2009 to 01/01/2010 - Hazard Insurance - County Property Taxes - 6MO - Aggregate Analysis Adjustment to Bank of America - Settlement or Closing Fee to XX Inc. - Title Insurance to XX Inc. - Recording Fees - Mortgage - County Taxes to XX County Tax Collector - Principle Reduction due to Excessive Cash to Borrower to Bank of America Thanks. Jerry

Thanks for the information folks. I appreciate it. Jerry

Hi Everyone, I have a client whose husband is in prison and the wife has full Power of Attorney. I paper filed them MFJ last year (2008) and submitted a copy of the Power of Attorney (Fed & Calif). I will file them MFJ again this year. My question is, do I have to keep paper filing this client and include a copy of the Power of Attorney every year, or can I e-file this return? Also, does the wife just sign his name where needed ? (Form 8879, etc.) for my files. Thanks. Jerry