Check Tax Info For
| Person | Form / Schedule: IRS (refund – owe): State (refund – owe): |
| Christopoulos, Tom and Karen | 1040, Sch 1, p1 – Net Operating Loss |
| 1041 | Box 14 E Entering Line 14E net investment income from an estate or trust K-1 in Lacerte (intuit.com) 1. Go to Screen 20, Passthrough K-1’s. 2. Select Estate or Trust Information from the left section box. 3. Select the appropriate entity in the Estate or Trust box. 4. Select Line 14 – Other Information from the lower-left section menu. 5. Enter the amount in the field Other net investment income (portfolio income automatic) [Adjust]. 6. The amount will flow to Form 4952, Line 4a when the form is being generated. The amount will also show on the federal K-1 Reconciliation Worksheet under the Form 4952 section. |
| Lacerte Diagnostic 42135 | Common questions for Form 8962 Premium Tax Credit in Lacerte (intuit.com) How do I resolve e-file diagnostic ref. 42135: Modified AGI total of lines 2a and 2b are negative? For a return containing a Form 8962, Premium Tax Credit (PTC), under Part 1, if the total of line 2a and line 2b amounts are negative, a 0 dollar amount will appear in line 3, Household Income and the following e-file critical diagnostic will be triggered: Form 8962: Household income on line 3 must equal the total of line 2a, Modified AGI, and 2b, dependents’ modified AGI, for efile purposes. If the total of lines 2a and 2b are negative, zero will print on line 3 and this return will need to filed as a conventional paper return. (ref. #42135) The e-file critical diagnostic is triggered to prevent the return from being filed because the return would be rejected by the IRS with the following electronic filing business rule rejection: F8962-004-01 If Form 8962, Line 1 ‘TotalExemptionsCnt’ has a non-zero value, then Line 3 ‘HouseholdIncomeAmt’ must be equal to the sum of Line 2a ‘ModifiedAGIAmt’ and Line 2b ‘TotalDependentsModifiedAGIAmt’. Therefore, if the sum of lines 2a and 2b are negative, this condition can not be met because IRS form instructions for 8962 require the following: Line 3 Add the amounts on lines 2a and 2b. Combine them even if one or both of them are negative. If the total is less than zero, enter -0- on line 3. As a result, these returns must be paper filed. This doesn’t mean that a taxpayer with a negative modified AGI cannot claim a Premium Tax Credit – only that the return cannot be electronically filed. |
| 8962 penalty if negative adjusted gross income | Is there a penalty if you have negative modified AGI and get marketplace insurance Find out if your Medicaid program counts as minimum essential coverage | HealthCare.gov |
| Sharefile | How check which email is linked to folder when client has multiple sharefile emails. Someone with admin permissions can Navigate to People> Browse employee/ or client> Search their name/email > Bring up their user page> and then under the folder & activity section select the option: View folders and activity logs |
| 7203 | Received for 1120-S Basis Limitation for 1065, 1120-S, |
| Lacerte error for Arizona | Similar diagnostics already posted 52389 The following diagnostic is generating: When filing an extension, the State of Arizona requires an amount due and for the amount to be paid electronically via direct debit. Solution: Verify a… View more SOLUTION: GO TO SCREEN 9, EXTENSIONS; REMOVE EFILE ARIZONA STATE ESTENSION |
| 1095-B | Part I, line 8 codes Form-1095-B-Line-8-Codes (1).pdf |
| 1120-S K-1 | California Box 13 d – (Lacerte) go to 13M, scroll down to Credit from passthrough elective entity tax (PTE) {CA} – flow to CA 3804-CR Line 16 C and D- these are items effecting basis ex: distributions, nondeductible expenses; flow to basis limitation worksheet Box 17A – Lacerte- enter in 12H, other net investment income; flow to form 4952 (federal; for ca, see k-1 rec worksheet, section form 4952) |
| FBAR VS 8938 | IRS Info IRS 8938 |
| where does excess deductions non-miscellaneous box 11, code b go on 1040 Schedule A Line 16 Excess deductions non-miscellaneous box 11, code B goes on Schedule A Line 16 of Form 10401. If this is the final return of the estate or trust, and there are excess deductions on termination that are non-miscellaneous itemized deductions reported to you as a beneficiary, you may deduct the excess deductions shown in box 11, code B, on the applicable line of Schedule A (Form 1040)2. | |
| Stop Rental Depreciation on Certain Date in Lacerte | when you stop renting property, and move back in. to stop depreciation on certain date |
| ADR Fees | ADR fees are generally classified as investment expenses12345. They are not tax deductible as an investment fee23. ADR fees allow one to buy foreign stocks with US dollars and to receive dividends in US dollars5. |
| Vehicle Interest Deduction | You can deduct on schedule c, the amount of intestert paid on vehicle laon To calculate vehicle interest expense deduction, follow these steps12: Track business vs personal mileage for the year. Determine the percentage of business use by dividing business miles by total miles. Calculate total auto loan interest paid for the year. Determine the deductible amount by multiplying the business use percent by the total interest. |
| K-1 Basis Adjustment | Lacerte Info here see henry koffman, k1 – Archstone Section 754 and 743(b) depreciation is usually used to reduce the income reported on the K-1 from the partnership side. A section 754 depreciation adjustment reported on the supplemental information page of a K-1 doesn’t usually need to be reported anywhere on the individual tax return. You can make sure that the adjustment doesn’t need to be entered, by reviewing the supplemental information to see if the depreciation adjustment is reducing the net income. To manually enter the adjustment if it hasn’t already been used to reduce K-1 income: 1. Go to Screen 20, Passthrough K-1’s. 2. Select the appropriate K-1 entity. 3. Select Separately Stated Income and Deductions from the lower left section menu. 4. Enter the amount of the adjustment as a negative figure in the line Other (Ctrl+E) for passive items, or Other nonpassive items (Ctrl+E) for nonpassive items. |
| Crypto | Taxable vs Non Taxable IRS Q&A IRS Info, IRS Info, |
| 1099 | IRS info on different boxes Box F – don’t need to report on taxes |
| QuickBooks Online Add Tax ID to Vendor Contact List Report | For Classic View (or if you can switch views) If you have the option to switch to the classic report view, this is often the most direct way to get the unencrypted Tax ID in the report. 1. Go to Reports from the left-hand menu. 2. Type in Vendor Contact List in the search field and select it. 3. Click the Switch to classic view button in the top right corner if available. 4. Select the small Gear icon (Settings) on the report’s page. 5. Click Show More at the bottom of the columns list. 6. Place a checkmark next to Tax ID in the columns list. 7. Click anywhere outside the columns list or select Run report to apply the changes. For Modern View (QuickBooks Online Advanced) In the modern view, the Tax ID column is generally available for QuickBooks Online Advanced users. 1. Go to Reports from the left-hand menu. 2. Type in Vendor Contact List in the search field and select it. 3. Click the Columns button. 4. Select More columns. 5. In the search box, type in tax id. 6. Place a checkmark in the box for Tax ID. 7. Run the report to see the updated information. If you don’t have the Advanced subscription, the Tax ID in the modern view might appear in an encrypted format or not at all, so using the classic view (if available) is the recommended workaround. Once customized, you can use the export icon to download the report to Excel or PDF format |
| QuickBooks Desktop Add Tax ID to Vendor Contact List Report | Steps to Add Tax ID to the Vendor Contact Report 1. Open the Report: – Go to the Reports menu. – Select Vendors & Payables, then choose Vendor Contact List. 2. Customize the Report: – On the report window, click the Customize Report button at the top. 3. Add the Tax ID Column: – In the Customize Report window, go to the Display tab. – Scroll down the “Columns” list and find the Tax ID field. – Place a checkmark next to Tax ID to select it. – You can also add other relevant columns if needed. 4. Run the Report: Click OK to apply the changes and run the customized report. The Vendor Contact List report will now display a column with the Tax ID numbers (or TINs) you have entered for your vendors. Important Note Before generating the report, make sure the vendor tax IDs are entered correctly in the vendor records. You can do this by going to the Vendor Center, double-clicking a vendor’s name, going to the Tax Settings tab, and entering their Tax ID. |
| QuickBooks Online Advanced | QBO Advanced has a custom report builder tool, where you can create your own 1099 report. To check if you have QBO Advanced Method 1: Inside QuickBooks Online 1. Sign in to your QuickBooks Online account. 2. Click the Gear icon (⚙️) in the top right corner. 3. Under “Your Company,” select Account and settings. 4. Choose the Billing & Subscription tab from the left-hand menu. 5. You’ll see your current QuickBooks Online version listed there (e.g., Plus, Advanced). Method 2: Through Intuit Account Manager 1. Open your web browser and go to accounts.intuit.com. 2. Sign in with the same credentials used for your QBO account. 3. Navigate to the Products & billing section. 4. You’ll see a list of your Intuit products, including your specific QuickBooks Online subscription level. Info to create 1099 |
| QuickBooks Desktop has Custom Report Builder tool | |
| How Clear Browser History | Edge – Clear Browser Cache and Cookies 1. Click the three-dot menu in the top-right corner. 2. Select Settings 3. At top, click Clear Browsing data Google Chrome (Desktop) 1. Click the three-dot menu in the top-right corner. 2. Select More tools > Clear browsing data. 3. Choose a Time range (e.g., All time). 4. Check the boxes for Cookies and other site data and Cached images and files. 5. Click Clear data. |
| 1099 Composite Rates US Bond rates | Vanguard 2025 |
| W-2 Codes | IRS Info |
| Jobs That Allow You to Deduct Job Expenses on Taxes | Jobs That Allow You to Deduct Job Expenses on Taxes If you want to deduct job-related expenses on your taxes, your eligibility depends heavily on your employment status and the type of job you have. 1. Self-Employed or Independent Contractors If you’re a self-employed worker, independent contractor, or run a side hustle, you can deduct most work-related business expenses on Schedule C of your Form 1040. Common deductible expenses include: Business meals (50% of cost) Travel (airfare, lodging, mileage, parking, tolls) Business insurance premiums Loan interest for business purposes Home office expenses (if used exclusively and regularly for business) delrealtax.com 2. Employees with Special Exceptions Under the 2017 Tax Cuts and Jobs Act, most W‑2 employees can no longer deduct unreimbursed job expenses on their federal return. However, there are limited exceptions: Armed Forces reservists Qualified performing artists (e.g., musicians, actors, athletes) Fee-basis state or local government officials Teachers (up to $300 educator expense deduction) People with impairment-related work expenses ttlc.intuit.com+1 3. State-Level Deductions Even if you can’t deduct expenses federally, some states allow employees to deduct certain job-related costs. For example, California may permit deductions for work-related travel, tools, or supplies depending on your situation Tax Shark. |
| California Allowed Reimburse job expenses | Eligible W‑2 Job Expenses California allows itemized deductions for ordinary and necessary unreimbursed employee expenses that are not covered by your employer. Common examples include legalclarity.org+1: Travel expenses away from your tax home overnight for business (lodging, airfare, rental car fees). Local transportation costs between two workplaces or to visit clients during the day (use IRS mileage rate unless tracking actual costs). Business meals and entertainment (only 50% of the cost is deductible). Uniforms, tools, and professional dues required for your job. Other job‑related expenses that are common and accepted in your industry. These must be not reimbursed by your employer and must be ordinary and necessary for your job Key 2025 Changes & Compliance Notes Stricter rules: AB 2123 and other updates have tightened eligibility and increased audits on remote worker residency and expense claims swatadvisors.com. No “convenience of the employer” rule: California does not allow you to claim home office expenses just because it’s convenient for your employer — you must show actual business use www.acciyo.com. Mandatory reimbursement: Employers must reimburse W‑2 employees for necessary work‑from‑home expenses under Labor Code 2802. If you’re not reimbursed, you can still deduct the unreimbursed portion, but you must keep proof www.acciyo.com. Residency matters: If FTB considers you a full‑year California resident, all your income is taxable, and you must report all eligible home office expenses www.acciyo.com+1. Bottom line: As a W‑2 employee in California, you can deduct eligible work‑from‑home expenses on your FTB return if you meet exclusivity and regular use tests and have no employer‑provided workspace. Keep thorough records, follow IRS‑style calculation methods, and be aware of California’s stricter compliance rules for 2025. |
| FTB Refund Check | Lost, Can’t cash, etc. Info here |
| amend return 1065 | Lacerte s-corp 1065 Sold Asset, Close Partnership – info here |
| Tenant | Neighborhood Legal Services of Los Angeles County (NLSLA) Call (800) 433-6251 Location. 13327 Van Nuys Blvd, Pacoima, CA 91331 Hot Water Issue Contact: Los Angeles Housing Department (LAHD). Call (866) 557-7368 website: File a Complaint – LAHD LAHD will dispatch a local housing inspector to your building to verify the violation and order management to repair it immediately Expired Elevator Inspection Contact Cal/OSHA & LADBS. (626) 471-6911 |