Lion EA

His employer in the US was Vassar. (With time zone differences, there's a real lag in communication with them.) This form arrived at their house in Poughkeepsie and was sent to me by their tenants, so he hasn't even seen it yet. Perhaps Vassar continued insurance for a year or they used COBRA; haven't heard yet. They will NOT be abroad for 330 days during 12 months, as each adult had ill, aging parents and a funeral to attend and homes to clean out, etc. They would be back in the states for 1-2 weeks at a time for each crisis, and the dates each traveled were different for each spouse. Wife had more family in the states ill and dying, but husband had some things to attend to here (think his current position at U. of Singapore had some connection with his short-term assignment at Yale) such as meetings at Yale and at Vassar and college visits with his HS daughter. The two daughters were in Singapore slightly longer than their parents, but I don't think anyone came close to 330 days with the sick parents/grandparents issues. So, they don't get the "out of the country" exemption, right? So, what does the form mean? They all had an offer of insurance of some type for some months and husband only for others? But, do the codes mean only husband was covered? And, no one else? And, no one at all was covered from Aug-Dec? Penalty applies for four people for 12 months? Would it make a difference if they have coverage through U. of Singapore?

I called a client to ask if his oldest son filed his own return as I thought he told me in an earlier phone call, but have son's paperwork from dad. Confused the heck out of dad. It was another family with two sons with one of the names being Josh in each family. I did write notes from the earlier call and did have them in the folder of the correct family, a folder that was a little deeper in my stack. Woke up this morning knowing I had notes and found them and emailed the dad that I confused and gave profuse apologies and swore I got sleep last night and was good to prepare his family's five sets of returns with no more confusion. Lied through my teeth.

Family of four living in Singapore for a few years, US Citizens, just sent me their Form 1095-C. I have so few clients that aren't fully covered by employers and I'm so sleep deprived, that I'm not making sense of this. When in the US, he taught at Vassar. Vassar filled out the form for only the husband's SSN. Column 14 has 1E for Jan-Jul and 1H for Aug-Dec. 15 has $117.51 for Jan-Jul and then blank. 16 has 2A for Aug-Dec and blanks above. They are living and working in Singapore, but did make a lot of trips back to the US with ill, aging parents and one funeral and college visits for oldest daughter in HS. So, they do not meet the physical presence test, and we take the foreign tax credit. He works for the University of Singapore.

If one spouse itemizes filing MFS, then both spouses must itemize if both are filing MFS. (I think it's technically that the standard deduction of the other spouse is then $0.) Not first to file. The itemizer sets the method. Also, if the other spouse is not filing MFS (such as HOH) then not governed by the one itemizing.

It is a circular calculation and the IRS has said you can continue until the difference is less than $1. I think you have the formula and also an alternate calculation that you can choose when SE. Check your software for Help or Tech Support. I can't help you with ATX.

I guess 7-Eleven doesn't like Alabama. https://www.7-eleven.com/Home/Locator (There are 7 within 30 miles of my tiny town in the forests of CT.)

Nor me. Lots of hugs. Well, I do have a client who's been bringing me lunch for the past couple years. She schedules an appointment at noon; we eat; I prepare her returns; I brew some tea; and we eat dessert. The first year I provided some of the food. But, she loves to cook and is single, so she's been bringing it all including homemade soup. I just make us a cup of tea to go with dessert. And, this year a couple of ladies who always come together made plans to go out to lunch with me after tax season (but, not sure if they're treating; I'll try to pick up the check).

Read the partnership agreement. If there is none, have them write down their joint understanding. If partners are active in the business and taxed as a partnership, SE tax. GP would be spelled out in agreement and could include anything that would be paid out even if they had no profits, such as a set $ amount per month or healthcare premiums.

Thank you, Eric, for getting us up and running again.

Snow here, too. Have the furnace on again. Friday it was in the 70s.

Also, I do not use ATX anymore, but this is my virtual water cooler. Really smart colleagues. And, really nice, sharing, generous, funny colleagues.

Tom, this'll get you partway to TN. Rita, will this help us Northerners?

There are fewer of them, and they seldom drive through CT.

I think it's on the CT drivers' exam to stay six car lengths away from any MA license plate!

You may have to work a little harder on your accent.

I even manage to understand the difference between the singular and plural Y'all, at least for the month of July! Besides Safety and Stewardship, we're well trained in Sensitivity to the culture of the counties we serve.

$40 fee increase. Then very graciously honor the $20 off Tax Preparation coupon. Win-win.

When I spend 10 days on ASP, my speech slows and I come home with a drawl. It's starting already as training has begun. You'll succumb to the rhythm of your surroundings.

Then I guess I better have some lunch. It may not keep my partners alive if this gets any more complex. Lucky that one of them is in TX. But, the other is coming Sunday afternoon so I better start digging now.

Lunch? I have a new partnership that I thought was complete, uploaded K-1 for one partner and prepared 1040 for other and am waiting on his mileage. Now get an email from the gal that recommended them and her CPA asking for her K-1. They didn't tell me they added a partner; she wasn't on their 2014 return that I reviewed. I did ask about their relationship to her since she recommended them, and they talked about a side agreement where she paid some of their bills over time and they'll start to repay her during 2016 since money is starting to come in. No loan on the balance sheet; no 65K in their bank account; expenses aren't anyplace near that high. Does your LLC have a joint venture/LLC/partnership with her LLC? They say No but do say they have an agreement on paper and will bring it by Sunday afternoon. I didn't quote them nearly enough for more than a week's worth of work and asking for more information. While my continuing clients wait for me to finally get this one off my desk. Frustrated. At least I'll stop right now and move on to other clients until tomorrow afternoon when maybe I can see what I'm working with. These guys self-prepared their 1065 for the last couple of years, but put all their expenses on their Schedules Cs, including expenses dating back to 2011 that must've been start-up expenses! I did NOT offer to amend, just told them what they did wrong.

I was in Sullivan County TN last summer for Appalachia Service Project. This summer it'll be Kentucky. And, yes Rita, I know it's pronounced app-uh-latch-uh.

Oh, I love when my couple who's been adding huge amounts to their withholding for years, due to those situations with all the phaseouts and extra taxes to fund Obamacare, finally get a big refund once in a while. I was thinking about the thief that stole my identity and made up a bunch of dependents and got every credit imaginable that all of us paid for with our honest tax dollars.

Just don't run toward her backyard.

My guy had about $3,000 withheld. Chase the identity thieves getting $20,000 refunds!

My other "still processing" (I think I have three that called, but can't remember the third right now) is my own kids who had a baby and worked less due to enforced bed rest, closing their bakery during the bed rest, etc., so their return had a lot of changes: family size up, income down, EIC for the first time, etc. I can see why it would be looked at. If a real human being checked the SSN to see that a baby was born during 2015, the rest would fall into place, though. They really need their refund after lower income for months. With mom's health, they are not reopening the bakery until May.