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Slippery Pencil

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Everything posted by Slippery Pencil

  1. That's federal law https://www.congress.gov/bill/104th-congress/house-bill/394/text
  2. retrying a few minutes later turning off and on the service in task manager rebooting
  3. I doubt monthly totals matter.
  4. GA starts with fed agi. If there's no add back, it would be excluded. If GA follows fed cap gain rules, since the cap gain isn't taxable on fed, then it wouldn't be taxable on GA.
  5. Something seems to have gone wrong with the upload. Here it is again and here's the text. Consent to Release Information To: David J. Weigel, C.P.A., P.C. I hereby authorize the release of the following information to be provided to the following third party: Information to release: Tax returns as well as all tax, financial, and accounting related info for Tax Years: Third Party Recipient Name(s): Company: Contact Info: ___________________________________ ________________________ Signature: Date Please note that according to IRS rules and regulations this consent needs to be specific and written for each year, client and third party recipient. We cannot accept verbal consents. Likewise, we cannot write in changes after we receive the consent. Therefore, we will only release information on complete consent descriptions. We apologize for being difficult, but failure to comply with these rules means I could be subject to criminal sanctions. If you have any questions please feel free to contact our office. Sincerely, David J. Weigel, CPA, PC Phone: (248) 473-9919 Email: [email protected] Consent to Release Information.doc
  6. Consent to Release Information.doc Here's one I used once. FWIW, it's a over a decade old and I obtained it through a internet search.
  7. You probably need to ask a lawyer for a proper answer, but what is his recourse if you ignore him? If you need to respond to him, be short, be to the point, be stone cold, do not be emotional. I'd suggest something like: "You requested 5/18. I originally agreed to that. Your request to move that to April, and now March, is not feasible. I will let you know on 5/1 if 5/18 is still feasible for me or if I need more time." Do not go into detail. Do not state reasons for your decision. Reasons are something to be refuted; do not give him that option. When he responds, most likely angrily, do not answer his questions and again, do not go into detail or give reasons for your decisions. Remain stone cold and keep your reply short. Reply with something like: I have stated numerous times that your request is unattainable. I will update you on 5/1. If he responds, reply with: "I'm sorry, I cannot do that. As I do not have time for your temper tantrums, I will block your email and phone number until 5/1 and contact you with an update at that time." You have the right to walk away from an abusive situation. Exercise that right.
  8. Personally I think the dependent care credit, and most other credits, should be eliminated and tax rates lowered, but adjusted for inflation, the items mentioned above are: $3000 dependent care credit initiated 1976. Adjusted for inflation, $16,551 $3000 capital loss limit initiated 1978. Adjusted for inflation, $14,723 25K/32K social security thresholds initiated 1984. Adjusted for inflation, $75,256 / $96,328 I'm sure there's a ton more, but the few other items I can think of that haven't been adjusted for inflation: $25 Gift limit initiated 1962. Adjusted for inflation, $255 $25K passive loss limit initiated 1987. Adjusted for inflation, $68,962 $150K passive income threshold initiated 1987. Adjusted for inflation, $413,776 $10K SALT deduction limit initiated 2018. Adjusted for inflation, $12,375 $10K FBAR threshold initiated 1970. Adjusted for inflation, $82,096
  9. I'm pretty sure nothing has a 75 year class life.
  10. He should be able to tell you what documentation he was given and if he's considered an employee.
  11. This is a bank savings account. If stock was sold, it was sold years ago and the state has been holding the cash proceeds in a bank account. Wages would be reported on a W2 in the year paid and taxable that year. Dividends, interest, and stock proceeds would be reported on a 1099 in the year paid and be taxable in that year. Whatever transaction that cash came from, it happened years ago. This is not taxable in 2023.
  12. Skip the form. I've only had a few OH clients, but most didn't have a SD tax and I never filled out the form for them.
  13. The only one I know of is in Options / Preferences / Print, but it doesn't seem to do anything on the federal forms. My federal returns don't print with zeros if the box is checked or not.
  14. As Lee said above, have them contact their immigration lawyer. If they decide to amend, you can prepare a MFJ return with each a resident of different states. Taxwise, nothing bad waiting in the wings if they don't amend. If they get audited, state, "we didn't amend because there was no change in tax and the irs says don't bother amending if there's no change in tax". If the irs doesn't accept that explanation, amend at that point.
  15. In college, each floor in the dorms had a pay phone in the middle of the hallway (for the two people on this board under the age of 40, https://en.wikipedia.org/wiki/Payphone). One day I'm heading to my room after class and the phone rings as I pass it. So I pick it up, lower my voice a little bit, and slowly say, "Greene County Morgue". To my horror, it was my mom calling for me. In spite of me having a very distinctive voice, she didn't recognize me. Thinking she had dialed wrong, she asks, "What number is this?" 18 year old me is panicking. I continue my pathetic Lurch imitation and start reading the number listed on the phone, changing the last number. We hang up. I go to my room. As I walk to my room, the phone rings. I ignore it. 20 seconds later, one of my dorm mates knocks on my door to tell me I have a phone call. I go pick up the phone: Me: Hello Mom: Dave, it's mom. You won't believe the wrong number I just dialed, the Green County Morgue. The number is one digit different than yours. The guy sounded just like a cartoon stereotype of an undertaker. Me (my knees still a bit wobbly): Wow, that's interesting.
  16. There is no unsubscribe option or any links in the original email. The bounce back comes from googlemail.com as I'm using a gmail address. It looks similar to other undeliverable mail messages from google and identical to other "Address not found" bounce backs from google. It appears my reply never gets lands anywhere outside of the google system. from:Mail Delivery Subsystem <[email protected]> to:[email protected] date:Jan 30, 2024, 6:48 PM subject:Delivery Status Notification (Failure) mailed-by:mail-sor-f69.google.com signed-by:googlemail.com
  17. What I don't understand is a couple emails I've received with no attachments or links. The emails tend to ask if I'm taking new clients and make one or two bland statements about their tax situation. The email address usually seems off, e.g. the last one was @automaticmailnotification.com. I reply and the email bounces back as undeliverable. What can be the possible scam?
  18. I think your response should have been nothing more than, "no, that doesn't make sense".
  19. The custodian has no way of knowing this is a 72t distribution, thus distribution code 1. There's no way they're going to change that and they are correct to take that position. It's the taxpayer's responsibility to fill out and attach the 5329 to indicate that it's a 72t distribution.
  20. A few years ago on The TaxBook forum, someone posted the following (https://forum.thetaxbook.com/forum/discussion-forums/main-forum-tax-discussion/298864-written-data-security-plan-for-tax-preparers#post299231): Given how we are repeatedly reminded how important it is to have a written plan sitting on the shelf, it's odd that no one wants to actually provide a template of any kind. The closest I've seen is Tax Tip 2019-119 from the IRS, issued Aug 29 2019. So, using the available guidance in that tax tip, here is my written plan. Note that the law doesn't say it has to be very good, just that I have to have one. So, done. * Include the name of all information security program managers. Me. * Identify all risks to customer information. Fire, theft, flood, earthquake, government seizure of property, software malfunction, mis-addressed or mis-delivered communications. No risk from employees because I have none. * Evaluate risks and current safety measures. Yes, they are all risks. Current safety measures include physical locks, a dog on the premises, up to date professional computer software with all vendor supplied security patches applied within one week of release, and encryption of customer data in digital form. * Design a program to protect data. Immediately scan client paper documents into secure encrypted digital storage, then return or shred the paper. Use unique passwords for each login requiring a password. Do not share passwords. Use MFA for tax software access. * Put the data protection program in place. Yes. * Regularly monitor and test the program. Take this plan off the shelf once per year and read it. Test: get a colleague to come over and promise to buy them a meal if they access customer information in my tax office without my help, within 30 minutes.
  21. One use, as stated above, is that certified or registered is proof of mailing. This is what is needed if it doesn't arrive or the irs claims it was late. The green card is unnecessary. Another use is when you tell the client to use priority and the package doesn't arrive or get processed correctly, the client has a valid argument that you should pay the penalties, which are your fault since you didn't follow clearly stated irs instructions on what constitutes proof of mailing. There is no use of priority in this situation.
  22. Priority Mail isn't an accepted proof of mailing by the irs. If you're going to shell out for expensive mail, get registered or certified so it will be useful if needed.
  23. No. Gaming is a legal issue and some states' gaming commissions are pretty strict. If the church wants to fool around with gaming issues, they'd be wise to find out the potential consequences of their actions.
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