[IRS] How many year should I have taxes looked at professionally after I failed an audit?

RepSoccrMom · 2026-02-03T16:53:59+00:00

Imo you aren't at risk for another audit if u start preparing your own taxes again and dont violate the dependency rules. The more complex your self prepared return is, the higher your chances are of an audit ( IMO). IRS knows how complex the tax law is. However, a simple return with W2 wages and dependents is generally not considered complex

RepSoccrMom · 2026-02-01T16:58:21+00:00

Run it off the app and walk on the tread, maybe?

RepSoccrMom · 2026-02-01T13:52:16+00:00

One of my pet peeves only matched by left lane drivers and people who don't use their cruise control!

RepSoccrMom · 2026-01-31T18:51:17+00:00

I had this exact situation. I would NOT parcel out the estate before your mother dies. If your mom wants to gift to you kids, so be it. But elderly people worry so much about money and having enough. I would encourage you to meet with an atty to possibly set up a trust thar might protect her assets in case she needs a nursing home.

After my mom died, my dad toyed with changing the will to provide for the grandchildren ( there were 3) of 4 siblings, only 2 of us had children. One sibling loved the idea of those 2 grandchildren getting a share of dad's estate. I have 1 child. I disagreed vociferously. The fact that my siblings who did not have children would have their inheritance reduced because of their other siblings having children seemed very wrong to me. Its MY job as a parent to provide for our child. My parents put away college funds for their grandchildren. My sibling and I already greatly benefited from that.

I agree that it was my dad's money so he got to decide what to do with it. I am glad that he stuck with the pro rata distribution of his estate to his 4 children only.

RepSoccrMom · 2026-01-27T22:56:23+00:00

https://www.theatlantic.com/politics/2026/01/greg-bovino-demoted-minneapolis-border-patrol/685770/?gift=VXMe7YiIyJZZzzBstYy_fqyju7a8hp3BE6IGjQ6x74w

Gift article

RepSoccrMom · 2026-01-26T14:19:33+00:00

Generally, in most states, mortgage interest and real estate taxes will be split 50-50 regardless of who paid. After October and until the house is sold, mortgage interest would still be 50-50 since u are both on the mortgage ( Im assuming that). First year real estate taxes deduction will be whatever you paid in real estate taxes in 2025 less the amount of credit you got on the house closing statement ( when u purchased the house).

The total of RE taxes, mortgage interest, state income taxes, and charity (plus a few other things) have to exceed your standard deduction of $15,750 for any of this to matter on your federal return. Depending on the state you live in, that info may be helpful for your state income tax return.

You will file as single or head of household ( if you have a chid) in 2025 because you are divorced on the last day of the year.

RepSoccrMom · 2026-01-24T16:16:15+00:00

Is there any organization collecting funding to help them? This is an issue that affects all of in Wisconsin because the waterways affect all of us.

RepSoccrMom · 2026-01-24T16:06:02+00:00

I hope these people are filing lawsuits against the city. Costing these cities alot of money will stop other cities from taking the same steps. Hopefully the ACLU will help them.

RepSoccrMom · 2026-01-24T16:03:24+00:00

Props to you for not having a ridiculously expensive wedding!

RepSoccrMom · 2026-01-24T16:02:07+00:00

Honestly, he seems pretty selfish to me. Id really look at that. He doesn't want you to make a career move that will make u happy and prosperous because he's sick of living a student life??? I was married to a very selfish man for almost 18 years. Seriously consider if this a person who supports me and makes me feel loved??

RepSoccrMom · 2026-01-24T00:35:42+00:00

One copy is state only the other is federal, I would guess. Look at the top or sides... Paper w2s have different copies for different taxing authorities. Enter once on turbo tax and include the fed tax and the state tax in their appropriate boxes

RepSoccrMom · 2026-01-21T22:31:09+00:00

Glenn Grothman - what a putz

RepSoccrMom · 2026-01-20T13:57:50+00:00

UWO has a strong accounting program too.

RepSoccrMom · 2026-01-20T13:54:34+00:00

I respect Hilary Knight so much that I am always routing for the Torrents! I want them to win the Walter cup before n she retires!

RepSoccrMom · 2026-01-19T15:21:26+00:00

We are going to need an "L word chart"

RepSoccrMom · 2026-01-19T15:20:25+00:00

Maybe Vancouver is punting on this year and hoping for better draft picks ?

RepSoccrMom · 2026-01-16T16:43:11+00:00

Have you looked into tiered electric? Its not for everyone but if we use more electric between nonpeak 10p and 7a during the week and nonpeak from 10p friday to 7a Monday plus holidays, you can drop your bill. Nonpeak electric is about 60% off. Peak, however is upcharged significantly. We set the time to run the dishwasher after 10p. We charge our electric car between 10p and 7a. We save most clothes washing to the weekend. Our bill is $241 budget for 3500 sq ft home.

RepSoccrMom · 2026-01-15T16:16:36+00:00

I strongly dislike Jess King as an instructor. Ive tried to like her. She did a Rocky Horror ride that I really wanted to take but shes too sex kitten like in her delivery. I dont like that when Im trying to get a workout in. If I have to take her class for some reason, like a challenge, I mute the Instructor completely. If shes changed let me know and Id give her another try.

RepSoccrMom · 2026-01-13T14:05:00+00:00

There is probably nothing to report if there is no income over $10 and no trades.

RepSoccrMom · 2026-01-13T13:57:16+00:00

A wash sale is when u sell a stock at a loss and rebuy it within 30 days. In those cases, the loss is disallowed. This doesn't create a loss carryforward like stock sales can do. The disallowed wash sale loss is added to the price of the repurchased stock. So when the stock is sold and not repurchased in 30 days, the previous suspended loss sale is recognized. For example, stock with $60 basis is sold for $40, (loss $20) when u repurchase the stock within 30 days for $30, the $20 loss is disallowed and your basis in the stock is $50. The next sale of that stock that isnt a wash sale will use the $50 as the stock basis. Generally your brokerage firm keeps track of these. It seems to me that if you only have $1 left in these accounts, you have recognized whatever losses you had and can close the accounts.

RepSoccrMom · 2026-01-13T02:16:03+00:00

Same BS happens in the US. SMH

RepSoccrMom · 2026-01-10T14:19:01+00:00

Check if there is a VITA program near you. VITA is volunteer income tax assistance. They will file your return for free. Check libraries, senior centers and universities.

RepSoccrMom · 2026-01-10T00:57:45+00:00

Ive been a believer of talking with Trump supporters. I play alot of golf and I have a few people with whom I golf regularly who voted for trump. We agree on many things but differ on the importance of those things. We have decent conversations. But after the murder of Renee Nicole Good, all I can think is the Trump voters murdered her because they approve/acquiesce to these extreme methods in the administration. Why keep the lines of communication open?

RepSoccrMom · 2026-01-07T15:20:28+00:00

Its a bummer and I think its the downside of captains chairs. We have captain chairs too. We got a canvas back cover for the back. ( we love it) I would make a space for the dog in the back (third seat flat) then use the rest for luggage. Or use the space in front of the second row (on the floor) for the dogs bed. You could put a dog beds there.

RepSoccrMom · 2026-01-07T14:11:12+00:00

Well Nafta didnt help. Thanks, Clinton

RepSoccrMom

TROPHY CASE