https://www.nyctatp.org/members/samuelgreenstein/activity/ Activity feed for Samuel Greenstein. Fri, 01 May 2026 19:05:35 -0400 https://buddypress.org/?v= en-US 30 hourly 2 b7ee6163487fc0c9c558b0fb586d3061 https://www.nyctatp.org/forums/topic/paper-refund/ Fri, 20 Mar 2026 00:15:38 -0400 One of my clients received a letter from IRS notice53E stating that they can not do direct deposit even though they requested a paper check as a refund. they want them to go to IRS.gov/ModernPayment and they want them to go to IRS.gov/Account to access an online account.
Anybody else have a client that received this notice?

]]> 4ff91a22b19e45478b635b08d0abf07b https://www.nyctatp.org/forums/topic/claiming-head-of-household/#post-23059 Tue, 03 Feb 2026 19:32:04 -0500 Thanks, he works in a lumber yard and is permanently and totally disabled. Mother supports him more than half.
She can claim him and be head of household.

]]> 64642c3c07cb83ff74cc7102b2c7cd5a https://www.nyctatp.org/forums/topic/claiming-head-of-household/ Tue, 27 Jan 2026 21:31:43 -0500 Client has a son 34 years old disabled and on SSD. He is now working and making about $10000 for 2025. He lives with his mother who provides more than 50% of his support.
Can she claim head of household and put him down as a dependent?

]]> d7cd5cb9eca2b92b733d279c5b6181a7 https://www.nyctatp.org/forums/topic/trust-account-and-sale-of-personal-home/#post-22171 Mon, 28 Jul 2025 19:30:52 -0400 Thanks Emmitt, you are an asset for this group. Stay well.
Sam

]]> c714e389873e664cda965963552952b7 https://www.nyctatp.org/forums/topic/trust-account-and-sale-of-personal-home/#post-22159 Mon, 21 Jul 2025 21:24:45 -0400 Revocable trust, her concern is getting access to the money at closing. I feel that this is not an issue, and she can get her money at closing.

]]> 3954565f2609c6b7fea68af14afb4a22 https://www.nyctatp.org/forums/topic/trust-account-and-sale-of-personal-home/ Mon, 07 Jul 2025 19:25:01 -0400 Married couple has been living in their home for 25 years. They are getting a divorce with the mortgage in both names. The Deed has been in the wife’s name since 2002, but in April 2024 the deed was changed to the wife trust.
The property will be sold in August. Will she still receive the $250,000 exemption under the trust. Or does she need to…Read more

]]> 6ca5ba3fe6cf5c8f88bf7fa81a28372b https://www.nyctatp.org/forums/topic/repaying-ss-benefits/#post-22078 Mon, 30 Jun 2025 17:32:15 -0400 I calculated what his ax return would have been without the SS benefits. The difference was $6225 which will credited on Schedule 3-line 13b.

]]> 28fc5207d66169b241666821c9111f5a https://www.nyctatp.org/forums/topic/repaying-ss-benefits/#post-22071 Sat, 28 Jun 2025 17:06:56 -0400 For 2025 Schedule 3 from the form 1040 part II line 13b credit repayment.

]]> d44f202cb05a4180281de39daa9e07ed https://www.nyctatp.org/forums/topic/repaying-ss-benefits/ Mon, 23 Jun 2025 18:34:44 -0400 Client started taking his SS benefits and later decided to stop. He paid back the money he received from SS. His 2024 tax return showed SS benefits. He paid back the money in early 2025. How do I handle this for his 2025 tax return?

]]> 9245578f516517a91cd3c081c385d22b https://www.nyctatp.org/forums/topic/lossing-her-tax-license/#post-22066 Mon, 23 Jun 2025 18:18:26 -0400 Thanks

]]> db9a3fb87a5f29c96e525545480c1051 https://www.nyctatp.org/forums/topic/lossing-her-tax-license/ Sun, 01 Jun 2025 16:44:51 -0400 One of my clients who has two S-Corp’s and is doing tax returns for her clients. She often calls me about tax questions, and I don’t charge to her.
She has been sued by two of her ex-employees who were stealing from her business. They have a lawsuit filed against her. She was told by her lawyer to settle the lawsuit due to the expense of needing a…Read more

]]> 096139427599e4254919f1ff9bf0f5dc https://www.nyctatp.org/forums/topic/new-york-form-it-205-question-how-to-report/#post-21733 Thu, 27 Mar 2025 16:20:12 -0400 I’ve used an attorney who does 1041’s and NY IT-205
His name is Chris Canfield at 914 400-5129

]]> cc1125bfa19a416d3383ab659fd51628 https://www.nyctatp.org/forums/topic/like-kind-exchange/ Wed, 26 Mar 2025 21:02:59 -0400 Drake user needs help with Like kind exchange form 8824.
Thanks

]]> 7d7598f05e35ca78fe56fd49d53e1e31 https://www.nyctatp.org/forums/topic/offer-and-compromise/#post-20665 Tue, 16 Jul 2024 16:56:22 -0400 Thanks Emmet

]]> c532f59b6c0be9ed61da875a81aa622e https://www.nyctatp.org/forums/topic/offer-and-compromise/#post-20663 Tue, 16 Jul 2024 15:57:43 -0400 Lynn, client say the website is no longer, do you have phone #?

]]> e8adf177bb002818c3af65ad636a55f1 https://www.nyctatp.org/forums/topic/offer-and-compromise/ Sun, 14 Jul 2024 20:24:11 -0400 Does anybody do Offer and Compromise

]]> e51a09863481c208332a907a796c5a7a https://www.nyctatp.org/forums/topic/ss-benefits-before-full-retirement-age/ Thu, 06 Jun 2024 20:53:03 -0400 Client is self-employed and wants to start collecting SS early. If she grossed $40,000 but after expenses has a net of $20000, will she be able to collect SS without losing her SS benefits?

]]> cfc54804d8035b305b9f9cefb0f860b1 https://www.nyctatp.org/forums/topic/prize-winning/ Fri, 27 Oct 2023 18:17:53 -0400 My client son who is a student at Binghamton [SUNY] tuition free but they have to pay for his room and board. He won a contest and will receive $10,000 that he must give to the school [check will be made out to him and the school]. He will receive a 1099 in his SS#.
How would you handle this for his tax return? He also worked over the summer and…Read more

]]> 21dd5ed9cd9fa3ffd5e45d2721e192e1 https://www.nyctatp.org/forums/topic/nys-tax-warrant/#post-19612 Fri, 27 Oct 2023 18:08:53 -0400 Just found out they have a house in France that they are going to sell at a loss in January of 2024. The daughter is having them apply for Medicaid assistance because for the father has dementia. They have not filed a return since 2018. The daughter is asking if they can do an monthly installment payment. I’m guessing they owe over $100,000 in…Read more

]]> 9792dd39be1dd76736e9071fe524a3e3 https://www.nyctatp.org/forums/topic/nys-tax-warrant/ Mon, 18 Sep 2023 16:50:33 -0400 Elderly couple received a NYS tax warrant for 2017 for over $3000. The husband who is 89 years old has dementor and just SS benefits. His wife who is 87 and has a small therapy practice and receives SS.
They have no property or assets. They have been not filed a return since 2017.
Any recommendations on what they should do.

]]> 807d4384fd50a70ba1c41d651a769144 https://www.nyctatp.org/forums/topic/irs-refund/#post-19295 Tue, 12 Sep 2023 15:28:26 -0400 My client called the IRS and got confirmation that this was legit. She got the name and number of the agent, what time and date she called.
I told her to cash the check and not spend any of the money. We will see if she hears from them.

]]> 37332be7e6fd3ea889f83de6f50f37df https://www.nyctatp.org/forums/topic/form-1040-x-processing-times/#post-19294 Tue, 12 Sep 2023 15:22:52 -0400 I did two amended returns this tax season and they both received letters that they owed large amount of which they do not.
I contacted the practioner hotline which was NO help. I tried calling for an appointment at the local IRS office. They will not let you in without an appointment.
I called for an appointment and after one half hour got…Read more

]]> f45ef065c1d880466af3635c5ba1e581 https://www.nyctatp.org/forums/topic/irs-refund/ Tue, 29 Aug 2023 20:28:20 -0400 My client just received a refund check for over $300,000 which included $17,000 of interest for her 2014 tax return. Should she cash the check? There is no correspondence just a check from the IRS.
Years ago, my mentor once said you should cash the check because if she sends it back it will only make it more confusing.
Anybody every deal with this…Read more

]]> c5c3434eb98d56731777e2ed17de0f7d https://www.nyctatp.org/forums/topic/paying-back-ss-benefits/#post-19069 Wed, 12 Jul 2023 00:48:03 -0400 Thanks for your help. I saw it in the tax book and will use for the 2023 return.

]]> 98722addd6271eb86b5eef9a117a43ac https://www.nyctatp.org/forums/topic/paying-back-ss-benefits/ Tue, 11 Jul 2023 19:42:43 -0400 Client has to pay back over $6000 for 2021 SS benefits. She is asking if she can amend her return because she paid 85% of her benefits on the 2021 return.
How do I deal with this or there is nothing that can be done?

]]> 53cd93790c2ab55d9d5e3f315e378bab https://www.nyctatp.org/forums/topic/writeoff-for-assist-living-on-as-medical-expenses/#post-18821 Wed, 17 May 2023 20:12:04 -0400 It’s a memory care assisted living facility. Would 35% be reasonable and 100% for the individual care? He is showing over $200,000 in medical care and his sister is worried about him being audited. Any comments?

]]> 3cb845c049ac46109a5b449a62903e09 https://www.nyctatp.org/forums/topic/writeoff-for-assist-living-on-as-medical-expenses/ Thu, 04 May 2023 13:14:44 -0400 Client is in an assisted living facility and the facility asked that additional help for him to stay. His sister hired Home Instead for 12 hours per day to manage him.
What percentage can be claimed for both assist living facility and Home Instead. He has major management issues.

]]> cddf140d9b92251a65febf1d6a57d540 https://www.nyctatp.org/forums/topic/life-estate/ Fri, 16 Sep 2022 21:11:13 -0400 I have two separate clients with both having life estate from their parents.
First gifts his home and passes away, children sell the home after death. Step-up with no capital gain.
Second gifted her home and the children sell the home when see has to go into a nursing home. She dies two months after the sale of the home. Basis is the cost of home…Read more

]]> 6ab5b6b3ed0f330bea777a477aed98d6 https://www.nyctatp.org/forums/topic/fingerprints-for-tax-preparers/#post-17297 Tue, 02 Aug 2022 20:37:02 -0400 Thanks

]]> 281cf525abac22f054e267c56fda14ec https://www.nyctatp.org/forums/topic/fingerprints-for-tax-preparers/ Mon, 01 Aug 2022 19:02:11 -0400 Will we be required to get fingerprinted for this coming tax season? If so, has anyone done this? Maybe the group should consider getting an outfit that does fingerprinting that can be done at a one of our meetings.

]]> 3863f269bf3c802d8e9a08d547f15fc9 https://www.nyctatp.org/forums/topic/sales-tax-avoidance/ Mon, 06 Jun 2022 16:37:56 -0400 Sales tax avoidance if purchasing a motor home in Montana and have an LLC.
Client called this weekend and said some very wealthy clients of his who bought a million-dollar vehicles and are using this to avoid paying sales tax in NYS. Has anybody heard of this?

]]> f20478ad4c5bac4a7ff6702d73841b56 https://www.nyctatp.org/forums/topic/client-receives-a-1099r-in-2020-because-of-job-loss-due-to-covid/#post-16933 Thu, 12 May 2022 17:20:14 -0400 It appears that box 7 shows a M1. Thanks for your help.
Sam Greenstein

]]> 96167059eae84b620a2182280772792c https://www.nyctatp.org/forums/topic/client-receives-a-1099r-in-2020-because-of-job-loss-due-to-covid/ Thu, 12 May 2022 00:25:34 -0400 Client reported a 401k distribution of $54000 taken over 3 years of which is being taken over the three years. Yesterday she received a notice from the IRS that she had another 1099R in 2020 for $23,000 that she did not receive. It was an outstanding loan that was called from her 401k when she lost her job. She is asking if she can amend her 2020…Read more

]]> 952a12588931e6e6122acbe169f89827 https://www.nyctatp.org/forums/topic/psychiatrist-moving-to-north-carolina-from-nys/#post-16924 Thu, 12 May 2022 00:15:55 -0400 Corporation pays him, he is an independent contractor.

]]> b41e72defe17b51f19fb265748d92b04 https://www.nyctatp.org/forums/topic/psychiatrist-moving-to-north-carolina-from-nys/#post-16883 Thu, 05 May 2022 18:03:57 -0400 Does he pay NC or NYS taxes when he moves?

]]> ef1ddcbc70b1282e9393a55531f7556d https://www.nyctatp.org/forums/topic/psychiatrist-moving-to-north-carolina-from-nys/ Thu, 05 May 2022 12:15:14 -0400 Psychiatrist living in NYS is doing therapy online as a contractor under a corporation. He will be moving to North Carolina and still be doing therapy with his NYS clients online.
Will his license and liability insurance needed to be changed?

]]> 7d47dfa658f410a44facf18dc3957309 https://www.nyctatp.org/forums/topic/sales-tax-from-a-nys-client/ Mon, 07 Feb 2022 17:18:22 -0500 Client has a small business in which he sells a device thru Amazon. Sales are throughout the country. He is registered with NYS sales tax. His form 1099-k shows sales tax that was collected throughout the country. How does he pay the sales tax for the other states?

]]> bdcf2165d25d43d2c83c233f572605cc https://www.nyctatp.org/activity/p/2094/ Wed, 01 Dec 2021 21:50:06 -0500 0 5010ebf18e15640eef4f0329ab661e6e https://www.nyctatp.org/forums/topic/becoming-a-florida-resident/#post-16401 Wed, 01 Dec 2021 21:44:36 -0500 I’m going to file joint on the federal and MFS for NYS [wife]. The wife who will work in NY will file [form IT-201] for her W-2 wage and split any interest, dividends and capital gains with her husband.
Thanks for your all the feed back.

]]> e95666b5a5af54c26cb6edd46da69f8e https://www.nyctatp.org/forums/topic/becoming-a-florida-resident/ Tue, 30 Nov 2021 00:51:39 -0500 Client owns a home in NY but has now purchased a condo in Florida. He has a very large RMD as well as large capital gains and dividends. He has been filing joint with his wife who works in NYC on a part time basis and makes about $35,000. Their NYS tax is about 30k. I’m thinking that they both should become Florida residents. Since the wife is…Read more

]]> aa7ccfeaa47f7fd323aa92950057005e https://www.nyctatp.org/forums/topic/capital-gain-in-the-sale-of-a-stock/#post-16011 Sat, 30 Oct 2021 21:12:09 -0400 Thanks for your help, everybody have a HAPPY HOLLOWEEN.

]]> 0eac767c3688e1d4c5bb841ffd8283ec https://www.nyctatp.org/forums/topic/capital-gain-in-the-sale-of-a-stock/#post-15949 Wed, 27 Oct 2021 23:55:54 -0400 Now I have been told that the value of the GIFT was $17,500 [$87.50 per share]. I’m feeling that if she sold 50 shares at $62 [$3100] she would be showing a loss. Original shares of $87.50 times 50 shares would be $4375. Therefore the loss would be $1275.

]]> 932553f1d5f896734e6d59ca2e95c811 https://www.nyctatp.org/forums/topic/capital-gain-in-the-sale-of-a-stock/ Wed, 27 Oct 2021 00:00:55 -0400 My client’s daughter [minor at the time] received Exxon stock worth $15,000. She had reinvested the dividends and now has 650 shares. She did not do a tax return to report the dividends. She now is asking about the capital gains if she sells some of the Exxon shares. What is her cost basis [$15000] or is the reinvested dividends a factor in the sale?

]]> 61b984455f9cbae3dc2611e72cdf6f8a https://www.nyctatp.org/forums/topic/form-8962-2/ Mon, 19 Jul 2021 14:14:17 -0400 When I did my client’s tax return the Premium Tax Credit was not exempt. This weekend she got her refund but it did not include the refund for the PTC. Will an amended return have to be filed or does a phone call [good luck] work on getting the refund?

]]> bd8bd69cc54e82f9f376dd46826d60ef https://www.nyctatp.org/forums/topic/pension-still-being-paid-on-deceased-individual/ Sat, 23 Jan 2021 19:25:44 -0500 Client died in April of 2020 and was still collecting her pension because the executor who had not been assigned did not notified the pension plan of her death. Her form 1099R shows full year of benefits. What needs to be done? How should it be reported or do I request a corrected 1099R and reimburse the pension plan?

]]> 391c5ae01dab9a1fe8ce31eae926009d https://www.nyctatp.org/forums/topic/ppp-loan-write-offs/ Thu, 15 Oct 2020 21:35:23 -0400 Client pays a billing service and wants to know if she can write off this expense.

]]> 9b19069fbb32df8fc68e128cdc0ba0e8 https://www.nyctatp.org/forums/topic/form-8606-for-an-inherited-ira/ Fri, 18 Sep 2020 16:52:33 -0400 Client inherits his mother’s IRA that has some nontaxable contributions. The client took the whole amount as distribution on line 7 [distribution]. On Line 6 asks for the value at the end of the year which is zero or do I use the inherited amount at day of death?

]]> e97ff6476f68767d0104bc16086c6e9a https://www.nyctatp.org/forums/topic/stimulus-payment-of-deceased/ Tue, 05 May 2020 18:30:26 -0400 Client gets a stimulus check for her deceased mother who past away in 2019. Can the daughter cash the check after she gets a tax ID#?
Also one of my client’s who filed a married filing joint return received a $2400 check who’s husband died at the end of 2019.
Can these check get cashed or do they have to send it back to the government?

]]> d108f3b3d1a604057ef943b603d105df https://www.nyctatp.org/forums/topic/stimulus-payment/ Mon, 27 Apr 2020 20:23:27 -0400 If you are not eligible in 2019 because his income was to high. His income will be greatly reduced in 2020. Can the individual receive the stimulus in 2020?

]]> 5eae86b047318bb2cec32443578def6b https://www.nyctatp.org/forums/topic/delay-of-payment-for-clients-who-owe-money-until-july-15/#post-14090 Wed, 25 Mar 2020 16:31:38 -0400 Thanks, I got the federal info from one of my fellow tax preparer. Anybody who has a client that owes NYS their is now a number 518 457-5181.

]]>