ILLMAS

In the past IL required for a IL-W-2 to be submitted, a simple call would solve the problem, today the state has no record per employee, just the overall of the company, I would just use the states' tax rate and make the sign of the cross that they don't ask for proof. MAS

I have a similar case, TP inherited parents IRA account and TP was penalized for not taking RMD, TP is way under 70 1/2, parent was over 70 1/2.

Rita, I have x-ray vision and whats inside that envelope doesn't look good for you

Student is under the age of 24

I would say about 99% of my clients that have kids in college claim their kids as dependents, about 12 years ago one of my client kid went ahead and did their own tax return and the parent could not claim them. A few months later the parent came back with the kids' tax return and the school financial aid department wanted for the return to be amended and included on the parents return. My question is more towards FASFA, if TP kid does there return apart from the parent, would it have an impact on FASFA? I have a TP that has a dependent that would benefit more by filing independently from the parent, because they can take advantage of the student interest and education credits vs the parent claiming them (phaseout because of income).

Is the tax summary and planner from ATX?

TP had lost his job (2015) and the bank forgave part of the loan and interest due for personal residence, TP received a 1099-C and has been insolvent for the past couple of years now. Do I omit the 1099-C and just enter the information on form 982? Or is there something else I need to do? Thanks

I asked Siri your question and she had nothing good to say.

LOL had to look up NCR paper.

I have baby fat and need to get rid of it.

Rita, do you know if you hugs also melt away fat?

Might get his sign printed and post it everywhere. No cell phone.pdf

Who here has a NO CELL sign in there waiting area, conference or any where in their office? I don't get this, if I go see my doctor I am sure going to turn off my phone because I respect my doctor's time, but why aren't accountants respected? I don't mind if they call someone for information I might need to prepare the tax return, I actually encourage calling the banker to request important documents, but I don't like it when they take calls or are texting and not giving me their attention.

Shouldn't it be subject to SE? I see it this way, I would normally do my own copies, filing etc..., however if I hire someone "temporary" to do my office filing, I see them as a temporary employee and would issue a box 7 1099.

You would think we are used to waiting on hold (with IRS) however it sucks when you cannot move forward because of the software errors.

Done

If a TP receives a 1099 for temporary renting their apartment to be used in a scene for a tv show and it was rented for only 4 days, my question since a 1099 is issued and the TP qualifies for 14 day rule, should I inform the TP the IRS might want to talk to about this? MAS

I'll make this a part II question, if a student enrolls, drops all classes, pays the bill, are they entitled to a credit?

TP child school account summary does not show a 1098-T for 2016 but is able to print out records of payments, what do you recommend I do? TP child contacted the school but had no luck, should I use 2015 school information or forgo the credit?

My favorite is when they say I got into buying properties business and want to deduct all my loses.

I respect your response, thank you, I am forgetting this is the year for me to work smarter not harder.

Oh vey, I've been working with a client since 2004 and barely today, they found out they had given me their childs' SS# instead theirs. So now I need to amend the most recent years of k-1's, how much would you charge during the busy tax season? MAS

I sometimes feel like this kid when you have work to do and windows is updating in the background

LOL etc is not a credit but should be one.

This year I am asking for more documents for my EIC/CTC etc.... clients, a few had asked me why I was asking for so many documents if their friends preparer didn't, I respond by saying I am not responsible for what others are doing, I am responsible for myself and business. MAS