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There's no mention of LLC in the 966 instructions because the IRS looks to how the LLC is taxed, so the answer is dependent on that. Edsel's client is taxed as a C corp, so technically the answer would be "yes" that the 966 IS required. However, Max is correct that there's no penalty for filing it late. I, too, have filed final returns without ever filing a 966 and never received any further correspondence.

I don't know where you are reading that home office relates only to primary residence. I've never seen that. The word "primary" is used frequently in home office deduction in discussing it as the primary place of business. The answer you seek is in sec 280A(c)(1) and whether the second home is a dwelling unit used as a residence under the rules of sec 280(d) on that same page.

Edsel and Abby Normal, here are some of the answers. I took the highlights below from a Politico article and pruned it down to try to eliminate the politics without changing facts.

Yes, you will recalculate any refundable credits that are impacted by a change in AGI, or MAGI and household income in this case. It goes in the "after carryback" column of form 1045, and you will complete a form 8962 with the revised figures. It's in the instructions for form 1045, line 21.

Oh, I'm not afraid of being in cities or crowds and I share in the urban driving in our travels. But the thought of driving in NYC and missing exits or turns is what is worrying, probably because I haven't done it myself.

Good ideas and also on possibly combining it with some CPE! Maybe a good tax course on the new law later in the year. NYC for this country girl may require some tranquilizer and a blindfold though. I, too, regret not being able to make Rita's in TN because there are lots of people here I'd like to meet someday, even give some a hug ... a real hug. lol

Volunteering?

Add Wawa stores to the list. It's a regional convenience store chain from PA down through DC and in FL now too.

I've had one client so far receive a CP2000 for 2016 that was for unreported 1099R for a 401k distrib with code "1". In her case the proposed increase to gross income was correct and she agrees with the correction. One thing that was strange was that the notice proposed an adjustment increasing the PMI deduction on Sch A when her income was increasing so the deduction should have been further limited, not the other way around, but then that increased deduction was NOT factored into the proposed increase in tax. It was like a memo item, and I could not tie in the amount.

Ringers, what you described sounds correct. I don't have any with that exact fact pattern to check it out where the input must be completed for the 8863 on that input and on the 5329 if there is a 1099Q. Then there are the due diligence questions that are all combined on one "set" of screens along with blank "notes" pages that I've been tailoring to each client's situation in a Q&A format for my documentation. My clients' children who received 1099Qs didn't have any taxable portion so I had the 5329 and attached a pdf showing qualified expenditures and that no 8863 credits were taken that should reduce those amounts. They were also dependents on their parents' returns where any 8863 credits would phase out due to income thresholds, so none were claimed. I'm not sure if the # of years rolls fwd as Catherine describes. I usually make brief notes in the bottom large box on the "Notes" screen that I mark to print with the preparer's version of the return that I keep in electronic format, and any info in that bottom large box has been rolling forward to the next tax year. I just wish that section would be expanded to allow more characters of input. There is a similar situation that requires input on multiple screens for the 2441 also. Expenses paid are entered there and also must be entered on the dependent screen with the breakdowns by child also. It is not automatic. For all the other benes I've derived from switching to Drake, I can live with these that affect very few of the clients i serve.

On page 11 here: https://www.irs.gov/pub/irs-irbs/irb18-10.pdf

Yes, I believe it because that is part of their standard software license that all users agree to in order to use the product. Similar handling for tech support - is limited to one year from initial delivery, and again, is fairly standard for the industry. Below is a page with a link to the current license for 2018 software, and I'm sure it hasn't changed much in the last couple of years: https://taxna.wolterskluwer.com/legal I am also with Drake Software. What tax software company are you currently with?

That would be correct once you are no longer considered a current customer. You would lose access to ATX' server for efiling and would no longer have tech support or access to the official forum. You will still have access to your account to view the installation codes for the prior years' software you purchased and will still be able to prepare a return for paper-filing.

Agreed. It's early for the tax courses, I know, but I try to do some CPE each month and can only sit through so many hours of A&A before I want to mix some tax in there. I should probably do the ethics to put that behind me for this reporting period.

Right, we're all waiting for that guidance. I took a webinar this afternoon on this topic that was pretty good, and the presenters said the same thing, waiting for IRS clarifications.

I can't attend either, so no need for anyone to worry about me ruining the fun. I do wish everyone well and hope all that show up have a good time.

Drake does have a forum with some very helpful members and also has great tech support. If you want to ask questions that pertain to both, there are former users of ATX on that site that may be able to help, but you may be better off posting those questions here in our own Drake subforum on this site. There are a few members here that should be able to help. Go out to the main page of this site and scroll down toward the bottom to find the Drake and other vendors' subforums other than ATX.

Sorry, we don't answer questions from the general public here. This site is for only those that are tax professional, most of whom use one particular brand of software. Additionally, that question is impossible for us to answer as the fees can vary quite a bit from one region to another, and it is up to the preparer to know his or her market and clientele the firm services.

Gail, that disclosure would be permitted under Treas Reg 301.7216-2, see item (n). If selling, it's best practice to have potential purchasers screened and obtain a nondisclosure agreement from any potential purchaser ahead of releasing any actual client list, allowing any due diligence, or informing any employees of the potential sale.

Ron, if you are talking about your schmucky clients while getting your hair done, you need to stop. Sec 7216 includes ALL information contained on the tax return, including the taxpayer's identity. As a start, please see Q&A #5 on this IRS page , but more specifically Please also see this page at Cornell law for the actual IRC sec 7216 and follow the pop-up for the definition of "return" as it applies to this section that takes the user to the definition of "return" that is contained in IRC sec 6103(b). IRC 6103(b) lists out specifically the information it covers, including the taxpayer's identity specifically listed in 6103(b)(2)(A).

Are you serious?! Try unethical and a direct violation of Code Sec 7216.

That's how I used it too, and searchable would have been even better!

It would be awesome, and also if it was searchable without exporting to Excel. I remember using the custom fields in the ATX return manager all the time for simple notes and statuses, and also remember that those notes did not roll forward. Still, it could be useful if the preparer used a custom field to indicate those with ITINs has JohnH described.

It should be the physical address only IF that is the business address that receives mail, otherwise use the mailing address. Also keep in mind that all returns must have the same address, including the 941s because whatever address is used for the most recent filing of any business return will update the address in the IRS' system. I had a corp retail client that relocated but the bookkeeper failed to notify its outside payroll service, and my corp filings with the most up-to-date address were all being switched back to the old address with each 941 that was filed. I finally figured out what was going on.