https://www.nyctatp.org/members/dianeandrews/activity/ Activity feed for Diane Andrews. Sat, 02 May 2026 03:04:05 -0400 https://buddypress.org/?v= en-US 30 hourly 2 298f5992ec50d173d5a1e0328042f650 https://www.nyctatp.org/forums/topic/ct-refunds-under-review/ Mon, 28 Apr 2025 19:18:52 -0400 Is anyone else getting calls that CT refunds have not been received. We go to where is my refund on CT DRS – giving their info and it says under review. Several of them had little or no CT tax because under $100,000 and income was mostly SS and Pensions. Difficult getting to speak to someone at CT DRS.

]]> 9b1030cfc2e84e3b1ec44efc7d7b341a https://www.nyctatp.org/forums/topic/adult-child-dependent-what-is-irs-definition-of-gross-income/#post-21722 Sat, 15 Mar 2025 23:59:47 -0400 I posed this question to BlueJ (an AI service with NATP membership for 1 week of questions). BlueJ said, “NO, the gross income test is based on gross income, not AGI.” “Gross income includes all income in form of money, property, and services that is not exempt from tax. It must be less than the $5050 for 2024.
If anyone is an NATP member you…Read more

]]> ebf694467bbe82c4363729aba4a302aa https://www.nyctatp.org/forums/topic/custodial-parent-wants-to-claim-8863-tuition-credit/#post-21703 Sun, 09 Mar 2025 19:29:48 -0400 Only the person who claims the child can take the education credit.

]]> 78020c293199db623cd1d48e4c62f955 https://www.nyctatp.org/forums/topic/postage-increases-to-73-cents/ Sat, 29 Jun 2024 16:54:53 -0400 Mid July

]]> 1a00ebd6d084f4fd9bf2fe18382e715a https://www.nyctatp.org/forums/topic/espp-help/#post-20149 Mon, 25 Mar 2024 13:17:41 -0400 The options were sold. The w-2 had in box 12 $2490. disdisp and $ 1538 qualdisp.
Which I believe stands for disqualified and qualified disposition. Not sure what to do with those numbers.

]]> 20b7c0d0cc0fc8d489302983106c7026 https://www.nyctatp.org/forums/topic/espp-help/ Sun, 24 Mar 2024 16:13:29 -0400 I have form 3922 – Question – what of any of these numbers do I use to add to her basis when sold. The 1099B shows sale price, number of shares and cost at exercise price. Form 3922 shows FMV on grant dates, FMV on exercise date, and exercise price paid.
This is different, I am used to the V on the W-2 situation. Thanks for any help.

]]> 3a42111d59d803b66cbc3fd00654bdc1 https://www.nyctatp.org/forums/topic/spousal-inherited-ira/#post-19293 Tue, 12 Sep 2023 13:38:47 -0400 She has not done anything yet. I am just trying to give her the options. You called it a spousal beneficiary IRA. Does that mean she does NOT have to go by the 10 year rule?

]]> 92e9fec2a3a77ef426efa171732c942f https://www.nyctatp.org/forums/topic/spousal-inherited-ira/ Fri, 08 Sep 2023 19:01:45 -0400 Client, age 55 inherited her husband’s IRA. She wants to withdraw some funds – so she should have a beneficiary IRA. Question – After a few years, can a spouse rollover the bene IRA over to a traditional IRA in her own name?

]]> df58928af17c37528b1bc80d266ff532 https://www.nyctatp.org/forums/topic/irs-refund/#post-19204 Tue, 29 Aug 2023 22:44:14 -0400 I would NOT deposit it until you know for sure what it is for. If in error and you cash it, the IRS charges you interest. If the check itself is returned because of an error then client is not charged interest. 2014 tax return refund does not sound right.

]]> 7fb89037ed42122b17228fcb42ec25ee https://www.nyctatp.org/forums/topic/mohegan-sun-ct-tax-id/#post-18596 Sun, 09 Apr 2023 12:36:41 -0400 CT # 8568578006

]]> 929fdf890e47aea2486ffe58e30c9272 https://www.nyctatp.org/forums/topic/mohegan-sun-ct-tax-id/#post-18594 Sun, 09 Apr 2023 00:18:23 -0400 Mohegan ID # 06-1436334

]]> 7e7e0c59d705edb174ac809dfa69eefa https://www.nyctatp.org/forums/topic/rmds-from-sep-for-those-still-working/#post-18589 Fri, 07 Apr 2023 17:54:48 -0400 You are correct, IRA, SEP IRA and Simple IRA’s must withdraw from their retirement accounts, regardless of still working.
The broker may have it confused with the 401(k), 403(b) etc. with continuing to work. However, if they are a 5% owner they still must withdraw. Go to IRS.gov, type RMD in the search box to print information for the broker.

]]> 93cabe6521a5f58e9a3a4604b77bb04e https://www.nyctatp.org/forums/topic/deductibility-of-payment-by-employee-of-ct-paid-family-and-leave/#post-18559 Fri, 24 Mar 2023 15:03:08 -0400 On the AFLAC unemployment form instructions to the recipient in box 1 last sentence says “If you do not itemize, only include in income the amount that is in excess of your contributions.” So, I have been reducing the unemployment amount in box 14 by CTPL amount. I hope nothing comes back form IRS on this.

]]> 4041d7ce0320922c226b5c4f34774755 https://www.nyctatp.org/forums/topic/ct-paid-family-leave/#post-18469 Tue, 21 Feb 2023 19:14:48 -0500 I only took 2022. I do not know if that is correct, decided to err on the side of caution.

]]> 715171b496166012db7af8f37ef7d09f https://www.nyctatp.org/forums/topic/ct-paid-family-leave/ Fri, 03 Feb 2023 16:40:19 -0500 CT paid family leave is reported on 1099G as unemployment. IRS instructions: If you made contributions to a government paid family leave program and you are NOT itemizing deductions reduce the amount you report on Schedule 1 line 7 by those contributions.

]]> 4b915b5d71bff7cf47361c12bfa75518 https://www.nyctatp.org/forums/topic/ultra-tax-ct-property-tax-update/ Sat, 21 Jan 2023 17:12:53 -0500 I spoke to Ultra Tax regarding updating The CT Property tax credit to include those under 65 and without children who are now eligible. This should be updated by January 27th.

]]> 2879efb5ff0630486a084081949f81e2 https://www.nyctatp.org/forums/topic/unused-toner-cartridges-i-will-bring-july-20th/ Tue, 19 Jul 2022 20:39:56 -0400 Minolta Toner TN311, TN 211
Laser Jet HP 38A and HP C4092A
I hate to give them Staples for the $2 rebate, if someone else can use them.
Need to get at least $2.00 to replace what my Fire Dept would get credit for.

]]> 48493befdbcdc835f97fb8db041d3f54 https://www.nyctatp.org/forums/topic/ct-email/#post-17070 Thu, 09 Jun 2022 17:54:41 -0400 I did NOT receive such an email.
CT has my email because I did receive the announcement end of May.

]]> 925cef5c0d2ecac05d6227236dc8c612 https://www.nyctatp.org/forums/topic/ct-child-tax-rebate-2022/#post-16985 Wed, 25 May 2022 18:59:02 -0400 Go to http://www.portal.ct.gov/drs in the search I put “child tax rebate” under frequently asked questions has 4 pages of info.

]]> 8a0da94e613188ad0fb2e6eddcb7fac1 https://www.nyctatp.org/forums/topic/aca-reimbursed-previously-used-as-medical-deduction-ct-issue/ Tue, 29 Mar 2022 20:57:18 -0400 2020 tax return, Single client itemized deductions had excess advance premium of $9700 which was added to her tax liability. This was then claimed as medical insurance along with other large medical deductions. IRS reimbursed the full amount of the excess advance premium. The entire $9700 gave her a tax benefit.
I understand recovery of an…Read more

]]> ec89ccba5b3551073e86ec7288cf16bf https://www.nyctatp.org/forums/topic/ct-eitc/#post-16737 Thu, 10 Mar 2022 01:37:54 -0500 Checks are automatically being mailed. One of my clients already received it. If a client received EITC on their 2020 return, CT sends a check which represents an increase of 18.5% of the Federal EITC. This is another piece of Coronavirus Relief.

]]> 4fad24484aa87e0ee057e64f73c8b7fa https://www.nyctatp.org/forums/topic/rmd-for-estate/#post-16395 Wed, 01 Dec 2021 17:20:40 -0500 If there is no beneficiary, I believe the funds must be withdrawn by the end of the fifth year following the year of death.
Subtracting 1 year is for a living person on deaths prior to 2020.

]]> 3b4f4f56263704424f0a444058156c84 https://www.nyctatp.org/forums/topic/uc-adjusted-by-irs-not-sure-about-social-security/ Tue, 01 Jun 2021 21:53:18 -0400 While trying to amend to adjust for Social Security (see previous posting) Ultra Tax is making no SS adjustment due to the reduction of unemployment income.
Maybe IRS was correct in not lowering the taxable SS.
Does anyone know what is correct????
Diane

]]> a9231d6b91fef1bfb484d5dcded7b0d0 https://www.nyctatp.org/forums/topic/uc-irs-refunds-out-but-ss-not-recalculated/ Tue, 01 Jun 2021 17:43:31 -0400 A taxpayer filing single said his IRS unemployment refund was not what we told him to expect. In this case, IRS did not recalculate the amount of taxable social security when removing unemployment from his gross income.

]]> 779e05ae7bd08430398d3f10f6cdd3c4 https://www.nyctatp.org/forums/topic/replaced-rmd-taken-in-jan-2020-replaced-prior-to-august-31-2020/#post-15472 Sun, 28 Mar 2021 20:30:43 -0400 Ultra tax, Enter the 1099R information on the 1099R facsimile screen, then just below that is a section to enter a rollover amount. Page 1 line 5a shows gross income and then reduces it by the rollover amount I entered and it makes a notation next to 5b – Rollover.

]]> c5ac6ad764a5f31f7e26e8160c72e22e https://www.nyctatp.org/forums/topic/nypd-across-the-board-deduction/#post-15464 Fri, 26 Mar 2021 00:44:57 -0400 Retired law enforcement officers, firefighters, ambulance crews, and other public safety officers can elect to exclude UP to $3000 from eligible retirement plan distributions (for the PSO, spouse or dependents) used to pay premiums for accident, health, or long term care insurance polices. The distribution must be made directly from the plan to…Read more

]]> 635521bc8f01ed1a9f5a32513376f3f8 https://www.nyctatp.org/forums/topic/unemployment-some-may-not-be-taxable/ Sun, 07 Mar 2021 02:45:32 -0500 An amendment was filed to the COVID relief bill that would exclude the first $10,200 of unemployment in benefits received in 2020 from income for federal income tax purposes. This message from Senator Murphy’s office and passed to me by the Hartmann’s of CT NATP.

]]> 812b4f7bdbaca813ba88038ba900e77a https://www.nyctatp.org/forums/topic/deducting-re-tax-when-house-inside-revocable-living-trust/#post-15387 Fri, 19 Feb 2021 01:07:34 -0500 Yes, deduct the tax. Revocable, I believe he still has all rights of ownership, he can sell it for example.

]]> d6fabeff25b8f94d91fc4678795518ea https://www.nyctatp.org/forums/topic/is-foreign-form-114-necessary/ Sat, 23 Jan 2021 21:06:25 -0500 Tax payer’s mother died, her estate sold real estate in Canada, her share was approx. $30,000 US.
She got a check in the mail, no other paperwork, did not sign any paperwork, was not on the estate account or any banks. According to the executor, there is nothing for her to file in Canada.
Sch B question “At any time during 2020, did you have a…Read more

]]> 88cf715e0bc8da38e8c93afd0671e568 https://www.nyctatp.org/forums/topic/pension-still-being-paid-on-deceased-individual/#post-15332 Sat, 23 Jan 2021 20:38:13 -0500 I highly doubt you can get a corrected 1099R.
Up to the date of death any income goes on the 1040, after date of death income generally belongs on a 1041. Report the gross pension on 5a, line 5b will include the taxable amount received before death. Attach a statement explaining the difference is reported on the 1041. I usually include the Estate…Read more

]]> 701926ba3adae65e2fac4a7f3948c8bc https://www.nyctatp.org/forums/topic/mfj-in-one-state-mfs-in-another/#post-15143 Mon, 07 Dec 2020 23:58:00 -0500 Sorry I misread the question. I filed both states as separate, but the federal jt.

]]> 6ac008f6e3cc3c2b8aed196e45cfef38 https://www.nyctatp.org/forums/topic/mfj-in-one-state-mfs-in-another/#post-15142 Mon, 07 Dec 2020 23:55:28 -0500 A few years ago, I filed Federal joint and the state separate when both lived in a different state. CT vs FL, worked fine, so far.

]]> 027da17786c3b27be415c81fef3c40df https://www.nyctatp.org/forums/topic/form-8962/#post-14005 Sun, 23 Feb 2020 19:22:10 -0500 I do not think 8b represents what she paid monthly but is a calculation based on her household income which is used to complete the bottom portion.
Line 8a – Says multiply line 3 by the percentage on line 7. That divided by 12 is line 8b.
Where some of these numbers on the bottom section come from are a mystery.

]]> d4eef7d21e19c244cb51600e659a8c60 https://www.nyctatp.org/forums/topic/historic-stock-prices/#post-12202 Fri, 28 Jun 2019 16:09:03 -0400 Use https://finance.yahoo.com Put in the symbol, click on historical then time period -do max, it goes back to 1962, under frequency – do monthly and apply
It does not offer yearly, but monthly can help give you a range.

]]> af9cc077e640fb6f4d1593a28a3f5bbb https://www.nyctatp.org/forums/topic/how-long-can-solar-credits-be-carryovered/ Sat, 23 Feb 2019 23:05:19 -0500 Is there a limit on how long someone can carryover solar credits? Solar Credits end in 2021, would that come into play?

]]> ed20a83625b5e0d8391f00d23faf9240 https://www.nyctatp.org/forums/topic/a-new-ct-add-back-modification/ Tue, 18 Dec 2018 23:20:30 -0500 Section 179 deduction taken is now a modification – add back 80% of the Sec 179.
See what else is new for 2018 at https://portal.ct.gov/DRS/Individuals/Individual-Tax-Page/Whats-New

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