GLJEANNE

I don't think it will get passed here in Minnesota.  The Senate took it out of their bill, they didn't have the votes to pass it.  Could still change in conference committee, but I'd be surprised.

I stopped using them a few years ago, when the one outside our post office got robbed in Dec.  Now I take everything inside to mail.

I have one like that, doesn't get me his stuff until April and it's always a Quickbooks mess that requires lots of back and forth with his bookkeepers.  This year I'm trying to have all my extension done by 4/30, so when I saw the QB guy's mess, I told him that I'd put him on extension with a super rough estimate of what he should pay, but then he should find someone else to actually file for him, because I just know that would drag on into June.  Too bad, he's a nice guy, but it's the same thing every damn year.
Otherwise I have one person waiting on a trust K1 that will probably be in May, and that's it!!  On to the 941s and 990s...

Did mine earlier this week!  Thank G-d for Eric, this board is such a valuable tool.

What, they found mistakes in QB?  I'm shocked, shocked!
 

I have some like that.  I just tell them the document has to be lying flat, fill the frame, and to check that every bit of it is legible before uploading it.  I'll suggest some of these apps next year!

"Screams of Perdition Porter" - LMAO!! 

For sure at least $300.  My fees are all based on forms, and it would depend on what your state return is like. 
I just looked at my average per return so far this year, and was shocked to see it's lower than last year.  I feel like I've been up-charging a lot of folks this year - fees for being past March 15 (this will go up even more for April), fees for being a pain in the ass, etc.  But I guess not.  I'm sure a lot of it is just changes in folks circumstances meaning simpler returns. 
On the other hand, I've now done as many returns this year as I did all last season, so overall I'll make more. 

I once heard us described as math people without enough personality to be economists.  Not sure I've ever met an economist, so I can't vouch for accuracy.

No, start with the 990-N.  You can spend some time in the off-season looking over the 990-EZ, no need to torture yourself now.

Sounds right.  Instructions for 5329:
05
Qualified retirement plan distributions up to the amount you paid for unreimbursed medical expenses during the year minus 7.5% of your adjusted gross income (AGI) for the year.
 

Was she hired as a caretaker,  paying reduced rent?  Then the reduced part gets reported on 1099-NEC.  Not an employee, but I'd probably go with 1040 other income subject to social security.
 

For sure go for the 990-N.  Check with your state to see what they require.

Nothing special to e-file it, there's a 887-EO form.  The only pain is there's 2 different sections on that, and I never remember, year to year, which one to use until ATX tells me I used the wrong one, lol. 

In 2025, you'll still hopefully be able to file the 990-EZ.  It's work, but nothing too complex.  Breaking up the income into different categories, and there's a section where you describe the different programs/activities, and give a total of the expenses for each.  Just take a look at the first couple pages of the EZ and you'll see what I mean, it's really not bad if you're keeping the books for them.

I'm a little surprised that they didn't even address Minnesota.  Yes, we were assuming from the beginning that the payments would be fed taxable.  But since the IRS specifically mentions pandemic relief, and since our program was for Frontline Workers who had to continue working with the public while the rest of us were able to safely work from home, I had hoped perhaps they'd see it as the Covid relief it was and call it non-taxable.
Either way, I wish they'd thrown us a bone and declared it one way or the other, because now it's just going to confuse clients further.

Does the non-profit have an email address she can use to create a new account/login?  I'm sure there are a lot of small NPs that are going to run into this problem this year.

13 hours ago, mcbreck said:

Many states issued checks to people whether they paid taxes in 2022 or not because they called it inflation relief payments. The state of California issued 1099-misc forms - not 1099-G. Spidell initially said to expect it to be federal taxable but backtracked and said to wait for the IRS to rule which they haven't yet. Illinois called it a rebate but they literally have no money so how they can afford to rebate taxes is beyond me. Most of the states paid out amounts less than the 1099 limit so they aren't required to issue forms - will the IRS pursue it if they decide it's taxable?

Talked to a guy who received his Minnesota frontline worker payment of $487. How many people do you think are going to claim that on their return since they didn't issue a tax form?

Yeah I know, it's such a pain they didn't issue a form.  And because the qualifications were different for different groups, we have to ask pretty much everyone who worked at all in 2020.  I have a lot of healthcare workers, and a lot of low income folks, so I pretty much everything is on hold for now.

Could we get this thread pinned?  I know it will come in handy later in the season.

MN issue Covid Frontline Worker Pay, a bonus for folks who had to keep working onsite during 2020, and met certain income qualifications.  It's non-taxable for state, but taxable for fed. 

ATX  could just give us an additional field in EF Mgr, for Error Code.  We'd all quickly recognize the useless ones.

Still exhausted, even though I did almost nothing the rest of last week.  But this week back to doing regular accounting, which I've come to hate, and trying to go through a million emails.  So happy it's Friday.

It gets treated just like PPP, non-taxable fed, state may or may not be taxable.

On 4/16/2022 at 11:41 AM, kathyc2 said:

I'm essentially done and still have some of my stress chocolate supply left.  That's a good sign!

Leftover chocolate??  I'm not familiar with that concept.

Yikes!  I'd mark it until the efiled extension goes through, then unmark it right away.  OR, mark it with the F4 purple filed - if the efile will except that, it's a way to make sure you don't forget later on.

Just finished the last of my extensions.  Considering they're folks who just got me their info in the last week, I didn't even bother with having to get their signatures to e-file the 4868, I just gave them all the vouchers and told them to write checks.
I do still have a bunch I need to print and compile, but those can wait til Sunday or Monday.  Next year I'm going to move everyone to getting their final copies via the portal, except that I have a lot of older folks who don't have printers and/or can't handle the portal.
Taking the rest of next week off, then I'll finish up extensions and get back to boring old accounting.
Hope everyone has a great summer!

I get so much junk email I don't even bother to check it for scams, it just all gets deleted.  Maybe this summer I'll be good and report the scammers, but there are just so many...  usually for me it's things like "your order" from companies that I you couldn't pay me to do business with, so all easily avoided.
I do get some weird "new client" ones, but not as many this year as the last 2 years.