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BulldogTom

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About BulldogTom

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  • State
    CA
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  1. Cool, good for you. These returns are not hard, and they can be a real nice source of revenue. Tom Modesto, CA
  2. Hopefully there is enough in the bill to get an "adult beverage" of your choice. Tom Modesto, CA
  3. Those of us who charge by the form are keeping it in the return....just saying. Seriously, I will be keeping it. Not just to get paid. I will probably need the form next year and I want it to roll over in the return. Tom Modesto, CA
  4. Not a good idea in CA. The FTB collects the $800 per year until properly dissolved (including notification of the CA SOS). There is a method for dissolving without following the steps, but it takes years and lots of notices from the FTB. Better to just file the paperwork to close the business and then file your final return than go through the hassle in CA. Tom Modesto, CA
  5. @Tracy LeeDo you have Max? Or just the 1040 program? It is in Max. You can also do a pay per return with ATX if this is your only 709 for the year? Tom Modesto, CA
  6. I have been hesitant to use the feature but I am ready to do this (good client, will still love me if I screw it up). Anything I should know about the process of efiling the amended return? Anything to watch out for? Thanks in advance. Tom Modesto, CA
  7. Thanks for the lively discussion. I am taking the position that the tax home did not change, and therefore this is temporary work. But I still have the same question from the OP, (based on the presumed fact that this is a temporary work location), is the weekend travel from the temp location to home and back again a deductible expense? Thanks. I really do appreciate this feedback. Tom Modesto, CA
  8. Taxpayers do not have to repay any of the advanced premium tax credit they received for their health insurance in 2020. Tom Modesto, CA
  9. I am having a brain cramp. This is for state only. CA never conformed to the TJCA provisions for eliminating employee business expenses. Client took a temporary job (4 months, paid on a W2) in another city. Too far to commute daily so he stayed in a hotel Sun-Thur every week and then drove home Friday, returning on Sunday. 200 miles each way on the weekend. Is all this mileage deductible, or does he only get one trip there and one trip back. Thanks in advance. Tom Modesto, CA
  10. So, now I have to wait for guidance from CA. We have our own CA ACA form with its own calculations and it interplays with the 8962. I have a client who owes APTC for Fed but is due additional CA PTC. CA is driving me nuts this year. Texas, Nevada or Tennessee are looking better and better to me all the time. Tom Modesto, CA
  11. Except CA, as of this minute, is following the original guidance from the IRS. Because of the provision of the American Recovery Act that says you cannot lower taxes, CA is not finishing up legislation that would have made the forgiveness tax free in the state. They are negotiating with Washington to see if they can get a waiver for conformity legislation. So they are doing nothing until then. I have to put it on for CA (or extend and hope for legislation and guidance). I double checked this answer from the President of Spidell (CA tax experts where I get all my CA CPE). Tom
  12. I don't know what to say. Been there....feel for you....wish I could send you some chocolate. Tom Modesto, CA
  13. Good Question. I think it still needs to be reconciled .... but what do I know? This year I have had curveball after curveball thrown at me. I am not guessing anymore. Tom Modesto, CA
  14. Except for states like CA that are taxing the loan forgiveness..... Tom Modesto, CA
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