dlm

u/dlm


r/tax•

I'm trying to correct an issue in my 2022 return where I was a material participant in an S-corp, but my tax preparer at the time incorrectly treated pass-through profit from the business as a fully passive activity, triggering a small amount of NIIT.

It's enough of a difference to try fixing on my own, but not quite enough to hire a tax preparer, especially on short notice.

I have found that it's very straightforward to update 8960 and how that flows through to my 1040, but my original return included passive-activity related forms (8582, 8582-CR, and 3800) that seem like they could create a consistency issue when processing the amended return.

To clarify, the consistency issue is that I

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r/lansing•

Hey Lansing!

The current moderators of r/Lansing agree with the community that the subreddit needs more moderators.

It's taken some time to prepare, but we are finally ready to get that process rolling.

To apply to become a moderator, please follow this link:

https://www.reddit.com/r/lansing/application/

If you've ever thought to yourself that you'd be a good moderator, please apply!

And if you have any questions about subreddit moderation, you're welcome to ask here.

1822

r/tax•

Hi, I was on EFTPS this afternoon confirming my Q3 estimated quarterly tax payment will go through as expected, and noticed that I had accidentally set up this payment to be settled on 9/17 instead of today (today being the actual IRS deadline for Q3).

I did some quick research and it seems like the penalty will end up being 1 day worth of interest on the Q3 amount. This would just be a few dollars, so it's not a big deal aside from having to take the time to calculate it when filing for 2024.

Is 1 day worth of interest on that amount what I should generally expect to pay as far as an actual penalty?

I'm asking because, if there is something more substantial I'm missing, I could potential

16

r/HomeImprovement•

Moved into this home recently and the shuddering action in the sump's has been bothering me, when the sump switches off after pumping.

The basement bathroom and water softener drain into the sump and then the sump periodically pushes up and over to septic. Upstairs drains directly to septic tank, so the basement sump doesn't have to work too often.

Video: https://imgur.com/cEps8zV

The video starts with the sump already running (the sound you hear is the water softener), and then the sump switches off. A moment later, the sump's pipe noticeably shudders and shakes. I'm guessing that this is the 'water hammer' effect, but the pipe violence of it doesn't seem rig

14

r/lansing•

We asked and the community has answered — r/Lansing will temporarily switch to private mode on June 12 & 13.

We are proud to be joining many other subreddits in a protest regarding Reddit’s recently announced API pricing which will drive away 3rd party developers who have added tremendous value to the Reddit community over the past decade.

Expect the switch to private early Monday morning.

9912

r/lansing•

As I am sure you have all noticed, many subreddits will be going 'dark' by switching to private mode on June 12th & June 13th, to protest Reddit's recently announced API changes.

While it may seem like a no-brainer to join this movement in solidarity, the mods of r/Lansing don't want to make this decision unilaterally.

What's your opinion? We will leave this poll up until Saturday morning and then make a final decision.

View Poll

3533

r/HomeImprovement•

Hello r/HomeImprovement,

I've owned a house in Michigan for the last 5 years. It's a two-story home with vinyl siding that was originally constructed in 2006. If it makes a difference, I'm the second owner.

A few days ago, I had someone out to look at an issue with my glass sliding door (that could be a whole thread on its own), and in the process of investigating they noticed that there was no Tyvek/WRB layer under my vinyl siding, which is original to construction. The technician was surprised by this and indicated that WRB would have been a code requirement here at the time of construction, meaning that the builder neglected to put it on for some reason. I carefully checked around the

16

r/puppy101•

13-week-old Old English Sheepdog boy, got him at 8 weeks old. He's crated overnight and for a pair of two-hour stretches during the day. At all other times, someone is home with him.

The issue I am running into is that, once or twice a day, my pup will pee inside the house while making almost no attempt to signal beforehand his need to pee.

He's taken out proactively in the 2 hours after meals, before he looks like he might need to go out. He's definitely taken out when he shows the slightest intention (circling, sniffing, walking toward the door, stopping what he's doing and looking at me). I've even got a bell on the door that he's slowly figuring out. When he does pee, he gets immediate

27

r/tax•

For 2016, I am going to be a member of an LLC that is based in Illinois. I will be an active employee of this company; however, I reside will be working from home in Michigan.

  1. Do I need to file both an Illinois return and a Michigan return?

  2. As far as actually paying taxes on profit/loss, does that end up going to Illinois (where the LLC is based), or Michigan (where I live)? Or perhaps a bit of both?

I've received some conflicting information on these questions and just want to make sure I'll be doing things correctly.

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