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As long as totals for LY are correct, print to pdf and use the typewriter function to add the details where you want them. Adobe Acrobat has that capability, and other pdf programs may have something similar. Many times I want use the comparison form to review the return results with the client, and I'll use the pdf typewriter to add some brief notes next to figures I want to highlight in my discussion.

For any here filing DE returns - DE Div of Unemployment sent a second page with the 1099G stating that legislation was in the works to make unemployment N/T for 2020 DE purposes and to watch the DDOR website for updated guidance. I actually had to check the status of the state's legislation and saw that the bill was signed on 2/8, and Drake issued an update for the change on 2/13. Still no official pronouncement on DDOR website though. Its latest news update was on 1/27 about the 2/12 delayed start date for this filing season.

Correction to above re: the federal AFR. If creating a loan, the interest rate s/b the appropriate AFR when the loan was made, not the current rate.

The excess distribution will be closed out to retained earnings that will create a negative balance. That will happen when the shareholder has used up stock basis. Some others here may also suggest creating a shareholder loan, but I'd caution that this should be fully documented and make sure that is the shareholder's INTENT, including paying it back with interest that at least meets the current AFR. Also talk to your client about not using the S corp as his or her personal checkbook.

Some payments were sent on debit cards too, so even if the dad did get it by this method, there may not be a trail through any bank account. Some people threw those away thinking they were junk mail or a scam.

I think it is part of line 17, code V. As of 2/3/21, IRS still had the 1120S K-1 instructions marked as draft, not finalized. Does ATX have this form ready to go now?

This discussion comes up often enough that I copied the instructions for solving this error and put it in "Tips, Tricks and Workaround" that is part of the pinned topics at the top of General Chat. That is why the old (linked) topic was revived and appears in the list of current topics.

Program has encountered an error and needs to close occurs in ATX because the print spooler fills up. Below is a procedure to clear the print spooler and avoid this error until the spooler needs clearing again. THEN, clear the print queue as shown below. Note that this will delete ALL print jobs in the queue and will restart the spooler.

Unemployment income of the person being supported would be included in line 1, and then not included in the amount on line 23. It isn't being provided by others. Is that what you are asking?

Yes, we are an equitable distribution state as are you. I'd divide it in half.

Hmm, I would divide it as being 1/2 to each. I checked Pub 17 under interest income and found this, Ch 6, page 54:

Schirallicpa - I think that is what happened with one of my clients too where wife died in April 2019. He says he always makes a partial, rounded deposit of checks he receives, and he deposited $2,000 right around the end of April 2020 when he would have received EIP#1, and then didn't get the EIP#2 at all. I filed his return with him getting his full $1,200 for EIP#1, -0- for EIP#2, and claimed the RRC for the $600. No way to even include anything for the wife now since he is now filing as single, not MFJ.

3 years from the return due date or IRS received date, whichever is later.

@currie Call support to report the issue and use the suggestion box too, if ATX still has that available. I've deleted your two other duplicate posts from today. Also, please be aware that posts that include commentary on the political climate will be deleted. You agreed to that as part of the TOU when you created a member account for this forum.

If your client is using the poverty figure for a household of 2 people, that figure is $16,910 according to the 2020 instructions, so 400% of that would be $67,640. The $68,960 you referred to is based on this year's poverty numbers of $17,240 for a 2-person household.

Looking for your topics? - All stimulus-EIP topics are in the COVID forum All e-filing issues, including e-filing prior years, are in the E-File forum All posts related to the health insurance marketplace, 8962, splitting the APTC between returns, etc - all are now in the ACA forum

How about a solution to Ken's question rather than arguing over the validity of the W-2?

Nah, with mine there will be enough people that will want/need their refunds, will want to get it over with, or will be afraid of being penalized if they owe.

No

I got our own form 1444-B dated 2/1/21 in today's mail. It has both of our names and showed only one of the payments issued by direct deposit. The letter is wrong: it is either for one of us with the correct amount, or it is for both of us and the amount is wrong by one-half.

Will ATX allow you to input cents only so that there is data in that field but that rounds to zero?

Exactly, Tom! I included those pages that states that the hardship distribution is allowed and will be taxable, and that the allowable distribution may also include the taxes and penalties incurred as a result of the distribution!

A 401(k) withdrawal for purchase of taxpayer's residence is one of the items listed that can be considered a hardship withdrawal. Perhaps this is what the mortgage broker and client had in mind. See this page at IRS.gov for more information and that references the reg in the 3rd paragraph of question #2: (Reg. Section 1.401(k)-1(d)(3)(iii)) https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-hardship-distributions and this page also: https://www.irs.gov/retirement-plans/hardship-distributions-from-401k-plans

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