Ernie's Posts

Ernie · ‎05-14-2021

Are you a professional preparer? If so just call the Practitioner Priority Help Line.

Ernie · ‎05-13-2021

Yes

Ernie · ‎05-13-2021

What does your professional tax preparer tell you to do?

Ernie · ‎05-12-2021

Does MA allow e-filing amended returns?

Ernie · ‎04-22-2021

Have you read any of the other posts on this subject?

Ernie · ‎04-20-2021

So, he paid $350,000 for the stock or was that what it was worth at the highest price?

Ernie · ‎04-19-2021

I understand but most people don't know how to calculate that amount. As you know it can be a circular calculation.

Ernie · ‎04-19-2021

Bill: I don't think that is correct. Part of that money will not be eligible for self employed health insurance. I would wait for the worksheet. Dusty Ernie

Ernie · ‎04-19-2021

Depends - do you want to do it right?

Ernie · ‎04-16-2021

Bob: with the unemployment (that the IRS will automatically fix) they are getting a refund. With out the unemployment they will owe money. I don't want to wait to pay so the IRS can add interest....

Bob: with the unemployment (that the IRS will automatically fix) they are getting a refund. With out the unemployment they will owe money. I don't want to wait to pay so the IRS can add interest. I want them paid by the tax deadline. Dusty Ernie

Ernie · ‎04-16-2021

Thanks Skylane. Appreciate the input.

Ernie · ‎04-16-2021

I have to file an amended return because they received a new 1099-B after we filed. They also have unemployment that they did not get the $10,200 deduction from income for. When doing the amende...

I have to file an amended return because they received a new 1099-B after we filed. They also have unemployment that they did not get the $10,200 deduction from income for. When doing the amended return do I balance the 1040X before entering the 1099-B and then give them a voucher for the $500 they will owe or do I leave the unemployment on the amended return have the IRS send them a bill? Thanks, Dusty Ernie

Ernie · ‎04-16-2021

You don't. Intuit gets to keep that money. That is why people don't put money on until they need it.

Ernie · ‎04-16-2021

All returns with children on them or receiving stimulus money are taking from 8-10 weeks. There is nothing that you can do. Dusty Ernie

Ernie · ‎04-16-2021

Kids or getting additional stimulus money? Did you check where is my refund?

Ernie · ‎04-16-2021

@DavidSenatore I would like to understand why you have an Anti Virus if you are using Windows Defender and ransomware? What does the AV do that the other 2 do not?

Ernie · ‎04-16-2021

Not sure I understand. If you have rentals, and that is all you have, then line 1 of the PA RK1 will be 0. If you reported income on the 1065 and not on the 8825 then income will show on line 1 of ...

Not sure I understand. If you have rentals, and that is all you have, then line 1 of the PA RK1 will be 0. If you reported income on the 1065 and not on the 8825 then income will show on line 1 of PA RK1. Net income for rentals (Federal form 8825) will show on line 5 of the PA RK1. Dusty Ernie

Ernie · ‎04-09-2021

When you read the rules for Earned Income Credit what are they? https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/who-qualifies-for-the-earned-income-tax-credit-eitc Dus...

When you read the rules for Earned Income Credit what are they? https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/who-qualifies-for-the-earned-income-tax-credit-eitc Dusty Ernie

Ernie · ‎04-09-2021

He can't be a dependent of someone else. What makes you think he is not eligible?

Ernie · ‎04-08-2021

SJRCPA: Has the IRS given guidance on if they are going to correct these or if we will have to do an amendment? Dusty Ernie

Ernie's Posts

Ernie's Posts

Re: Has anyone else had issued resolved when Where's My Refund indicates information not found for early March e-filed returns

Re: Does anyone have an updated status on the unemployment refund checks to be issued by IRS? Thanks.

Re: Do I need file another state tax?

Re: I am efiling a prior year (2019) return. The federal return converted and transmitted fine, but the MA state return converts only. Why won't the 19 MA efile transmit?

Re: aptc self employed health insurance 8962

Re: Worthless company stock - Section 1244....and shares were withheld to pay taxes when

Re: How to correct Form 8962 and Self Employment Health Insurance Deduction Error

Re: How to correct Form 8962 and Self Employment Health Insurance Deduction Error

Re: How to correct Form 8962 and Self Employment Health Insurance Deduction Error

Re: Amended Return question

Re: Amended Return question

Amended Return question

Re: Pay Per Return

Re: Efiled for client on 2/23/21- have not received fed refund. Married couple with W2 income

Re: Efiled for client on 2/23/21- have not received fed refund. Married couple with W2 income

Re: Disappearing Files

Re: pa form 65 p-ship

Re: How can I remove the earned income credit

Re: How can I remove the earned income credit

Re: premium tax credit. E-filed a return with a repayment of 11,086. after transmitting and accepted the return came back showing the taxpayer was receiving a refund of 11,052. has anyone else experienced this?

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