The issuing Fidelity say that it cannot be corrected into her name. (He died in June 2018 and they were promptly informed. They switched to her name halfway thru 2019.) Do I report in her name, both ...
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The issuing Fidelity say that it cannot be corrected into her name. (He died in June 2018 and they were promptly informed. They switched to her name halfway thru 2019.) Do I report in her name, both distribution and federal withholding even if SSN's don't match?
Has the IRS begun accepting 2018 efiled returns? I thought they had held up 2018 until the retroactive law extenders were updated? I'm sitting on a few 2018 returns, let us know if the window opens up.
I've done 3 separate files for spouses who live in Virginia and Louisiana. It was a hassle, and though I liked this client personally, I asked him to go elsewhere, it was just too much work and room ...
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I've done 3 separate files for spouses who live in Virginia and Louisiana. It was a hassle, and though I liked this client personally, I asked him to go elsewhere, it was just too much work and room for error.
Not sure as to correct verbiage to answer the aggregation question for 199A. Can I say something like "T/P 100% owner of Farm and Rental activity (Sch F,E)"; and a simple "No" to the second question ...
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Not sure as to correct verbiage to answer the aggregation question for 199A. Can I say something like "T/P 100% owner of Farm and Rental activity (Sch F,E)"; and a simple "No" to the second question -- no change from last year.
The article lists five aggregation criteria. That's a lot of typing to answer the aggregation question. Any suggestion as to a short response? Is aggregation OK if the trades are not similar, e.g., a...
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The article lists five aggregation criteria. That's a lot of typing to answer the aggregation question. Any suggestion as to a short response? Is aggregation OK if the trades are not similar, e.g., a farm (Sch F) and a massage therapy business (Sch C), but done by the same person. The second question asks whether there was change from the prior year, and that's a short No answer, right?
I erroneously sent off 941 forms with a SSN instead of the EIN number. The payments were made correctly under the EIN number. Any efficient way to fix this error on the 941?
This is the 4th year that ProSeries does not transfer the locality (county) from the prior year along with the address. The address does not change 99% of the time, so could I request that the county...
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This is the 4th year that ProSeries does not transfer the locality (county) from the prior year along with the address. The address does not change 99% of the time, so could I request that the county code transfer from year by year?
Be forewarned: I have had several clients who were contacted by the IRS a couple of years later with a scary letter "You owe thousands of dollars." So I now tell clients to have a precise paper trail...
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Be forewarned: I have had several clients who were contacted by the IRS a couple of years later with a scary letter "You owe thousands of dollars." So I now tell clients to have a precise paper trail of dates and amounts paper-clipped together with instructions, because two years hence you might forget what happened; or if a bad health issue strikes, others need to be informed. A few years ago the IRS began to allow only one such rollover per year; I am still not totally clear how to count "one" per year, especially if the client has a bunch of separate IRAs.
I will definitely use the 1099-R and W-2 summaries because they provide an itemized listing of all tax slips. But the 1099-misc summary seems to give give just the total, which I already have. My clie...
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I will definitely use the 1099-R and W-2 summaries because they provide an itemized listing of all tax slips. But the 1099-misc summary seems to give give just the total, which I already have. My client has 25 oil 1099-misc slips, and each year I struggle to make sure I have them all, it would be nice to have an itemized summary as you do with W-2's and 1099R's.