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Maxine's Posts

Look at the actual 1040, between the address and dependents. Standard deduction  Someone can claim..... When you check the box on the info sheet that they can be claimed it flows here and is on the... See more...
Look at the actual 1040, between the address and dependents. Standard deduction  Someone can claim..... When you check the box on the info sheet that they can be claimed it flows here and is on the paper filed return.  
When that notice came out I had two 2016 returns to amend, which I then set aside as less pressing than the current year returns.  I clicked on the link Lisa posted and my heart stopped.  I knew I ha... See more...
When that notice came out I had two 2016 returns to amend, which I then set aside as less pressing than the current year returns.  I clicked on the link Lisa posted and my heart stopped.  I knew I had referenced the notice #, so I dug that out and it was hard to find.  Had to drill down at least 2x before I found it agian.  I am definitely hoping a notice trumps a frequently asked question posting.  When I prepare them I will reference the notice.  This is not the first time I have seen conflicting informaton posted on the IRS website, and probably won't be the last.
And yet IR-2020-66 dated April 9th says the normal April 15 deadline to claim a refund has also been exteded to July 15, 2020.
Iowa also requires the information to be entered every year.  As well as the state ID#'s on w-2's, 1099R's etc.  I find myself occasionally mumbling blankety blank Iowa.
I am sure you are aware, but I don't see it mentioned.  You only use the amount that was actually taxable in the prior year to figure the credit or deduction.
Don't be too sure, they actually have to read the message and follow the instructions for for disabling the error checking.
Good grief, I just received an email thanking me for attending and I did not, lol.
  I first signed up and added to cart  it did not ask, only for my name, business name, and address, that is why I decided to create an account and it still not ask for preparer number.  Really stra... See more...
  I first signed up and added to cart  it did not ask, only for my name, business name, and address, that is why I decided to create an account and it still not ask for preparer number.  Really strange.
I also wondered about the fact that even though I created the account it never asked for my preparer number for the one hour of credit.
I've received emails from this company before, but have never taken any classes through them.  Thought I would sign up for this, but when I clicked on access materials, Malwarebytes gave me a warning... See more...
I've received emails from this company before, but have never taken any classes through them.  Thought I would sign up for this, but when I clicked on access materials, Malwarebytes gave me a warning that the site contained a trojan virus, so be careful.
I started the same procedure on Monday.  I have always had a station set up for drop offs in my entryway with large envelopes and in and out baskets.  For signing they have the option of secure email... See more...
I started the same procedure on Monday.  I have always had a station set up for drop offs in my entryway with large envelopes and in and out baskets.  For signing they have the option of secure email with a summary of what is on the return, or I will mail everything or they let me know when they will be stopping and I place the return in an envelope and set it out, they can either take it home and call for a review over the phone before returning the signature forms.  I find that most are just signing and leaving the forms at the time of pickup.  I am quickly burning through my supply of hand sanitizer.  I have always used a lot of it during tax time, but now it is continual before I touch anything.  I also keep the spray lysol handy to use on the entryway whenever I hear someone out there.   Just got a text that the largest employer in this area sent someone home with possible symptoms.  Yesterday there was a confirmed case about 40 miles away.  It's getting scarier and scarier.
You are welcome and thank you for pointing out that there is a schedule that doesn't work as it should.  Proseries and IA have never played well together.  But I have to admit I don't believe I've ev... See more...
You are welcome and thank you for pointing out that there is a schedule that doesn't work as it should.  Proseries and IA have never played well together.  But I have to admit I don't believe I've ever looked at the schedule B.  You were going about it in the correct manner, starting with the schedule.  Proseries has made some improvements to IA in the last 2 or 3 years, so maybe they will catch onto this and get it to fill out correctly.
  Well dang, I have always used the A5 line.  I make a note and then when I get over to the IA I check to make sure that the amounts on line 2 and 3 are adjusted, and they always have been.  However... See more...
  Well dang, I have always used the A5 line.  I make a note and then when I get over to the IA I check to make sure that the amounts on line 2 and 3 are adjusted, and they always have been.  However looking at the schedule B, I see what you mean about it wanting a total and then non-taxable to IA amount.  I checked every year back through 2012 and the IA schedule B is the same set-up.  I've actually used the program since 1996 although I'm not willing to check all those years lol.  Even though IA is notoriously slow in notifying taxpayers when they don't like something they aren't that bad that I wouldn't have heard something on the 2012-2016 ones filed that way.  Bottom line is they are getting the correct amount reported on the return so I wouldn't worry about it.   I am not able to answer your question about the K-1.  Does the adjusted amount show up in the first column.  If it does again I wouldn't worry about it.  Your only other option is a bunch of overrides to get it to fill out the schedule B correctly.
I don't believe a 2848 is required to just file the return.  I usually list  "the adult child's name and address" on the address line.  I require a copy of the power of attorney (for financial matter... See more...
I don't believe a 2848 is required to just file the return.  I usually list  "the adult child's name and address" on the address line.  I require a copy of the power of attorney (for financial matters) which I keep in their permanent file.  They sign the signature forms with their name and power of attorney or POA after the signature.  Have never had a problem.  I suppose if you could also list the child in the 3rd party designee part.
  Yes the previous year's school district surcharge is deductible as an itemized deduction on the current year's return.
  I agree, why on earth can they not give us a date.  I have 3 that the 2018 needs to be prepared first in order to file the 2019.  This has been posted many times with others asking for a date.  Li... See more...
  I agree, why on earth can they not give us a date.  I have 3 that the 2018 needs to be prepared first in order to file the 2019.  This has been posted many times with others asking for a date.  Lisa can you bring this to someone's attention so we know when they are going to update.  
Okay so I did find it in Tools/Options and it is checked to always print the 1040, so what the heck is going on.
What the devil......The software is now automatically printing form 1040SR.  I want all of my returns to print on the form 1040.  I had it globally set that way and after the update I cannot even fin... See more...
What the devil......The software is now automatically printing form 1040SR.  I want all of my returns to print on the form 1040.  I had it globally set that way and after the update I cannot even find where to set it.  I cannot find it in Tools/Options, in Printing Options or on the information worksheet within a return.  Even if I pull up the 1040 on the screen and print the single page it prints the 1040SR.  Please help me get back to setting of always printing the form 1040.
  That is what I was thinking, thanks for the confirmation. 
Yes it was a farm.  I know when they came in last fall and I calculated an estimated tax payment for MO, I only incuded the principal portion thinking that the interest would be taxable to IA (home s... See more...
Yes it was a farm.  I know when they came in last fall and I calculated an estimated tax payment for MO, I only incuded the principal portion thinking that the interest would be taxable to IA (home state).  Now I am doubting myself since the interest is part of the installment agreement from MO.