schirallicpa

Not that I won't be here tomorrow working. But there was a time when the kids were young that I would leave early on Good Friday and we would do eggs and make things on Easter Saturday and visit the bunny. At least this year I have promised not to work on Easter Sunday. May the bunny fill your basket full of extensions!

yesterday I had to update my password and when I went into the myatx to find my super secret code to update my password I had to up date my myatx password to get to it. I was ready to scream. Meanwhile I have to do some HUD input online and they make you get a new password every year. All I have to do is give them my mothers maiden name and my new password is always p a s s w o r d. Yeah - that's Ben Carsons department. I keep saying they can trade in their 31000 dining set for a IT guy for 3 weeks to fix their very lame online reporting system. Anyone else ever have to deal with HUD input? This is for a senior living development.

First you have to consider TEFRA rules.

got them to change their IRA to traditional from Roth and saved them a bundle!! Thank you!!!!!!!

When it asks for income, and the client has a schedule D, do we take the income amount on page 1 of tax return, or do we consider significant funds he pulled from stocks during the year, and not consider basis? This obviously gives a larger sales tax calc. But it would also reflect money available to him. He's one of the few in WNY that doesn't have much income tax. Always appreciate this forum.

Is there any "weighing" of income to show that in the early part of the year, the client should have gotten the PTC, but because circumstances changes, they did not quailify by end of year. the thing that is really confusing me, is that she went online and changed her income amounts during the year, (which she was supposed to ) but it made the 1095A a multi-pager. Regardless, the calculation is on 8962 is on annual income, and I am not finding a way to show that income was only $x at BOY thru June, and then became $xx thru Nov, and then $xxx in Nov and Dec. I feel like they are being penalized. Yes, in the big picture they did have the 401%. But not initially. (I know, I'm grabbing at straws, right. Which they are trying to ban in western NY now)

This is the same guy that gave the attorney $17000 for the estate and complained about my $1000 bill. Now he wants free advice. grumble....mumble...

wow - I won't complain about my PA/Canadians anymore!

After going thru the roof yesterday about a corporate client that, after efiling their return, they called and complained because they will owe money......and "things on the tax return were wrong"....... So already not in a good mood this week. Because that was just the corporation cherry on top. Now I have a guy asking me how his sister should prepare her return. I prepared the estate return and the sister got a K-1. Not my client!! ERRRRREERRRRRRR Sick of people. Let alone he emailed me at some ridiculous hour of the morning. And then texted me to ask me if I had gotten the email. Looks like someone needs to be blocked on my phone! grumble.....mumble.....

awwwhhhhh....grumble mumble. I guess the IRS assumes that the moving company got there when you did.

Client had to move from Germany to US. Cars and furniture were held up for a few days. They had to have transportation and rented a car to get to work. And they needed some basic living items for their new home (as they have children) so had to purchase towels, air mattresses, some basic things like this. Can this kind of stuff be included on 3903?

Sometimes the obvious hides on us. I've never been a fan of that extra home office worksheet. Liked the old input directly to the 8829. Anyway - thank you!!

new client has filed 8829 with Sch C and has carryover on 2016 return of unallowed expense on lines 42 and 43. Where do I input this without over-riding?

A weathly family in town has created a corporation - we'll call "Family Inc." Family Inc "contracts" with home health care people (usually young people that can't find a job elsewhere) and pays them to care for the elderly Mrs. in her home. These people are given set hours to go to the home and sit with or do small household jobs for the Mrs. At the end of the year, a 1099Misc is issued to them, and Family Inc is reimbursed by the insurance company. This enable Mrs. to stay at home and Family Inc to get their reimbursement. However, it is my young client with a $49000 1099 that gets stuck. And she knows it's her responsibility to pay the tax, and she admits she should have come to me earlier to figure this out. But - this is clearly payroll and the taxes should have been taken and paid by Family Inc. What recourse do we have? Can she file the 8919 even if she knew they were treating her as a contractor and she agreed to it? I don't think that flies. Should she file ss8? The poor kid owes close to $11000 plus state income tax. Haven't been down this road before and wondering if anyone else has and how it went.

It wasn't there to select to re-hang. I will file extension - good idea.....

actually - I tried that this afternoon before posting on this forum again. I will have to contact customer service.:(

This return is still hanging out there as transmitted. Looked on efile status and it has not gone thru. I cannot delete it. Not sure how to proceed but the return will considered late after Feb 15th

I've tried using the 8888 before. As is the typical case, when there is a client with issues, this won't work like its supposed to either and they will get check in mail weeks later. Keep an eye on it.

Maybe I'm way out on a limb. Please take it easy on me. Client retired to NY. (Nobody moves to NY to retire!!) Previously lived entire working life in PA. Has significant IRA withdrawals in 2017 as a NYS resident ($85000) which were taxed on PA returns when put into IRA. (In NY we would have followed the IRS and had a deduction). NY only lets me exclude $20000 from income in 2017. So $65000 is taxed in NY. My client is paying double tax. Is there any where that I can take a credit for tax previously paid to PA. (IT-112R seems to only let me take credit for taxes being paid in current year.)

thank you Jfreinert!!

Unfortunately, I am not the payroll or accounting department. They have already paid these guys. We are on clean up duty trying to issue 1099s. If only you knew what your clients were doing 8 months ago......

We live in a rural area of western nys where there has been a bit of influx of amish in the last few years, and they do some construction work occasionally. I have 2 clients this year that used Amish to build something for them, and they should be issued 1099s. Personally, I think it is absolutely wrong that the people are allowed to make money and not pay tax on it for "religious" purposes. I struggle with that no matter what the religion or what they are doing. But - I digress - what is my client supposed to do about filing the 1099. Are they off the hook since the Amish refuse to get IDs?

quick answer: call Paychex.

Just delete this post now.....nevermind......