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Not yet. It's always sometime in mid- to late November.

Firefox

Pretty sure that spousal IRA can only be claimed on a joint return.

No, you'll have to paper file. E-file current and prior 2 years.

This article has a discussion of S corp sales on the installment basis, and handling of the note in distribution depending on whether the S corp had, or didn't have, a plan of liquidation at sale. https://www.thetaxadviser.com/issues/2014/sep/tax-clinic-06.html

Yep, my FF setting is at 133% for all pages. Default on the colors and fonts though. I could still go down to 110 or 120% comfortably though.

There are differences between import/export and backup/restore. Using "import" to retrieve a file that was created from the "export" function does not include the e-filing information or things like the bank product information. Using "restore" to retrieve a return that had been created from the "backup" function does include the e-file and bank product information and some other data.

Maybe you've shut it off successfully because I see that Eric is the only one following this topic, and as far as I can tell, you are not one of the followers of the entire General Chat forum. There is one follower there that I can't see, so if that is you, then unfollow there too. If that doesn't work, unfollow, log out, delete your cookies and cache, and log back in to see if that works.

Thanks Eric. I'm going to try them both out. I like the smaller header but the crowded listing of posts not so much. I'll probably go with the default and scroll away. Nice to have both choices!

You're welcome. Glad it helped, if only in some small way.

This is covered in the instructions to form 8949, line 1 where it says that listing individually is the requirement unless the taxpayer meets the exceptions to that reporting. A transaction with a wash should be reported separately. Most of the time our members do not provide references or cites, especially for answers that are found in the forms' instructions, so if that is what you expect from posters here you may be disappointed.

I consolidated the four pinned topics here in General Chat into links within one pinned post at the top that will allow more current posts to appear on your screen.

In general, if the sale of the C corp stock is a taxable transaction then the buyer retains the tax attributes of NOLs and tax credits, BUT iirc, there are some limitations like the acquired business can't be discontinued within a certain time period, and the NOL can only be applied to the future profits made within the acquired company and can't be used to offset profits of other activities of the purchasing company. Please do some additional research to check this if this is something you would consider suggesting to your client. Abby, are you thinking of the percentage the IRS wants to see for continuity in a merger set up as a tax-free reorganization?

Sorry you haven't had any response yet. If it's not a known issue then maybe it's something simple like a checkbox. Have you verified that ATX is checking the nonresident box on both the MI-1040 and the Schedule NR? - or- If it is the MD tax on a passthrough entity that MI is allowing as a credit, maybe you could enter that activity to flow only to the Federal and MD returns because ATX should report this on DE anyway since DE piggybacks the Federal, but check for proper inclusion if you try this.

Under the IRS' "People First Initiative" payments were suspended from April 1st through July 15th for those with existing agreements, so it may not be as bad as you think. Has your client received any sort of notice at all? https://www.irs.gov/newsroom/have-an-installment-agreement-or-payment-plan-payments-should-resume-starting-july-15 https://www.irs.gov/newsroom/irs-unveils-new-people-first-initiative-covid-19-effort-temporarily-adjusts-suspends-key-compliance-program Has the client set up an online user account? He/she can check the balance, set up the direct debit, revise an existing agreement, etc.... Here's a link to another IRS page in Q&A format with a lot of links that may be helpful too: https://www.irs.gov/payments/payment-plans-installment-agreements

Oh, maybe this week it's because I moved a topic to the Drake forum, or because every new member seems to revive a topic many years old. I thought that issued had been resolved a while back. Guess not.

I'll send Eric a note. I had trouble with the emojis today. The box was slow to come up but would not let me search within them.

I know I won't remember it and took a screenshot of how to do it. Now I will have to remember to look for this helpful advice on my tablet. I stored something about converting an organizer to fillable fields using some pdf function or through Word, but I couldn't find that either and finally gave up. That's what happens when I need something once a year and think I'll remember how.

Thank you, Jim. I did not know that, and it will be very helpful. Most of the time I want broader searches, but if one does want to search within IRS, this would be better than using the search feature on the IRS site itself.

EINs are never reused or cancelled, but the IRS can and does "close" EINs. Taxpayer can request this. https://www.irs.gov/businesses/small-businesses-self-employed/canceling-an-ein-closing-your-account

Oh, I know. Searching directly on IRS brings up pages upon pages. I just use Google and look for the ones that go to the IRS site b/c Google narrows the search more.

https://www.irs.gov/charities-non-profits/charitable-organizations/change-of-name-exempt-organizations

If you, or any other readers, want a better understanding of how to handle distributions, you might start with this article from The Tax Advisor entitled "Determining the Taxability of S Corporation Distributions: Part I": https://www.thetaxadviser.com/issues/2014/jan/nitti-jan2014.html and this follow-up article published the next month, Part II, that deals with S corps with accumulated E&P: https://www.thetaxadviser.com/issues/2014/feb/nitti-feb2014.html

Because your client has not yet had a confirmed case of theft, he or she will only be eligible if a resident of one of the designated areas listed on this IRS page: https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin If eligible, I'd encourage him or her to apply since he/she did fall for the phishing scam and gave out the SSN.