Video 88 (2.21.20)
Weekly Questions: Video 81-100 • 7m 4s
1. Does a person buying a home “on-contract” from another person, where the buyer makes payments directly to the seller, have to issue a 1099-INT to the seller? The amount is about $5,000.
2. Can I take a solar credit on rental property.
3. Are you sure you don’t have a checklist for due diligence?
4. We have a local bank that has told all of their customers that they now only provide 1099-Int electronically. Is this legal-I have several elderly clients that do not use the internet.
5. A client received a 1099-DIV with $14,000 in Box 9 of Form 1099-DIV called cash liquidating distributions. Does this get reported as qualifying dividends on Sch. B?
6. Elderly client dies and we just found a bunch of uncashed Series E bonds. He died at Thanksgiving. The interest is about $8,800. Where does it get reported?
Up Next in Weekly Questions: Video 81-100
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Video 87B: Secure Act
This is the Extender Bill course we recorded at the end of the year that Bob is making available to you. This is the full course but it DOES NOT include or come with any CPE.
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Video 87 (2.19.20)
Talking with TaxSpeaker:Video 87
1. If there is a purchase price adjustment and results in a negative # on line 8 of the worksheet B (New Gross Profit Percentage – Selling Price Reduced) , how is this reported. Essentially, they over reported the installment sale income in prior years. Can this ... -
Video 86 (2.13.20)
Talking with TaxSpeaker: (Video 86)
1. I just had a quick question about secure emails. I want to take more steps to protect myself and my clients. Do you have any recommendations of what to use?
2. I have a question on what is an acceptable form of electronic signature on an 8879PE. Do you have ...