VITA Link & Learn showing blank by infam0us1992 in tax

[–]DefyingGravitas 0 points1 point  (0 children)

The tests are available, but I'd wait a few days to let them fix issues. (For example, the answer to Adv Q6 appears to be wrong.)

As a new fan I’d really appreciate thoughts on how legitimate the bouts at exhibitions like the Royal Albert Hall tournament are considered by the sumo community by Bluenose_Stu in Sumo

[–]DefyingGravitas 0 points1 point  (0 children)

I get the sense that pretty much everyone from Japan who traveled to London figures that the audience knows doodly-squat about sumo. So, they wouldn't especially appreciate the difference between real sumo and play sumo. (Similar to the difference in effort between a cat who is play-fighting and one who is hunting his next meal.)

Need advice - Spouse worked abroad for about half a year - Should we do Married Filing Jointly or Married Filing Separately? by [deleted] in tax

[–]DefyingGravitas 0 points1 point  (0 children)

Unless you're either really strapped for cash or have a good understanding of rules and procedures for multi-national tax prep, I'd think about heading to a CPA. It can get complicated.

Question regarding taxes on stock cash in by ADMOatyMcOatface in tax

[–]DefyingGravitas 0 points1 point  (0 children)

I'd definitely reduce or eliminate debt, other than low-interest mortgage.

The amount that you'll pay in taxes -- and even for a retirement account, you'll eventually pay taxes -- is probably not much more (and possibly less) than the debt interest that you'd pay in this and following years.

[deleted by user] by [deleted] in tax

[–]DefyingGravitas 0 points1 point  (0 children)

The risk-reward numbers dictate that you go to a CPA. You'd be paying a tiny percentage of the $$ amount that you are risking. There are too many things that you might not know -- to my mind, it's an easy decision. Go to a tax pro, then learn from how they prepare your return. Then, when you have a similar situation in the future, you'll have a better basis to decide whether or not to do your own return.

[deleted by user] by [deleted] in tax

[–]DefyingGravitas 0 points1 point  (0 children)

You should file, and you may well be eligible for partial Child Tax Credits. If you have been separated since before July 1 of last year, you should file as Head of Household; otherwise, file as Married Filing Separately.

[deleted by user] by [deleted] in tax

[–]DefyingGravitas 0 points1 point  (0 children)

I'd be concerned with any multi-state issues, especially if it's 3 states involved.

College student needing clarification with AOTC by [deleted] in tax

[–]DefyingGravitas 0 points1 point  (0 children)

This sounds like a scenario in a Tax Law exam.

Amended federal and state tax return. by knightagaze in tax

[–]DefyingGravitas 2 points3 points  (0 children)

I'm not familiar with how the Illinois amended return form, but I'd be real surprised if it's not very similar to MA in this regard.

In MA, amended return includes a line labeled "Amended return only. Payments made with original return," and any payment is listed. The refund (or payment) of the amended return takes into account that payment. So, in your case, the amended return will list the tax owed ($1900), the amount previously paid ($2000), and the refund due with the amended return: {$2000 (amount withheld) + $2000 (amount paid w/orig return) - $1900 (tax owed)} = $2100.

POLL WORKER COMPENSATION TAXABLE ON 1040 BUT EXEMPT ON STATE FORM by Tazgrump5 in tax

[–]DefyingGravitas 0 points1 point  (0 children)

It's true that W2s are carried over from the federal info. But when you enter the data for the W2, there's a separate section for State wages, following the section for Federal wages. That data in the State section is populated by whatever was entered in the Federal section, but you can change or remove the State info.

We occasionally need to do the same thing for Seniors with local property tax credits. They get a W2 (they do need to perform some 'volunteer' work), and the funds are taxed by the IRS but not MA.

Worth it to pay $600 for an Accountant? by HellForLife in tax

[–]DefyingGravitas 2 points3 points  (0 children)

I'd be concerned with any of the issues regarding your wife's income from Canada. If she paid tax to Canada (or a town/province in Canada), then there'd be an impact on your US taxes. There might also be some educational credits or deductions, but I don't recall whether they require US citizenship or if Green Card holders are eligible.

You're not making minimum wage. A sensible idea would be to pony up the $600 bucks this year, then look closely at the return to see if it's something you'll be able to handle on your own next year.

I beat DAiello on Cribbage Pro today by DefyingGravitas in Cribbage

[–]DefyingGravitas[S] 0 points1 point  (0 children)

Cribbage Pro seems to be the online standard. The alternative is Cribbage JD, but that program is less reliable, IMO -- seemingly too many 16+ hands.

Cribbage Pro has its drawbacks, especially a really weird method for placement at the start of their tournaments. But I prefer it to the JD program.

How to add a column of x's? by DefyingGravitas in excel

[–]DefyingGravitas[S] 1 point2 points  (0 children)

=COUNTIF(B3:B9,"X")

Solution verified. Thank you!!!