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IRS will shut down MeF systems for year end maintenance to prepare for the upcoming season. Times shown are the IRS cutoff. Software providers will have an earlier time for transmitting through their service. Individual returns: IRS will accept returns up until 10 p.m. on Nov 16, 2019 and will reopen in 2020. Business returns: Schedule Shutdown for "Send Submissions" only is scheduled to begin at 11:59 a.m., Thursday, December 26, 2019, to prepare the system for the upcoming 2019 Filing Season. Transmitters can continue to use the other service requests except "Send Submissions" until 11:59 p.m., Thursday, December 26, 2019.

Bill, your wife certainly has great taste. The necklace and shoes are awesome, as of course, are you! The husband and I were reminiscing after I showed him your wife's shoes because I had a very similar pair that I wore way, way back when we were dating. He said he couldn't take his eyes off of them. Thanks for sharing.

Bill, I'm so glad you found the necklace! I'm back in business too with a new lock, multiple keys stored safely, and the key code written down and registered with the company.

No deduction. Daughter doesn't have any ownership the home and doesn't live there, so she can't claim that it as either principle residence or a secondary one. See IRC 163(h)(3) and 163(h)(4)(A)(i). Mortgage interest that is allowed under sec 163(h)(3) must be on a qualified residence used as a principle residence or secondary residence. Sec 163(h)(4)A)(i) defines "qualified residence" as a taxpayer’s principal residence under sec 121 or one other residence that meets the requirements of IRC 280A(d)(1) (a second home which is used for personal purposes for at least 14 days per year or 10% of the number of days it is rented during the course of a year). I don't think it would be deductible even there was a life estate involved because daughter would be the remainderman and doesn't have present ownership, only a future ownership interest.

Margaret, this NY page should help. CPAs aren't considered "tax preparers" for registration if they don't offer RALs or RACs. If they do offer those products, then that puts the preparer into the "facilitator" status. It seems that if you only do the one return and haven't done 10 in the prior year, you do not have to register. https://www.tax.ny.gov/tp/reg/tpreg.htm

For those that don't click links, here is the text from the site that I included above:

It goes on the 1041. This blog from a professional CPE site explains it clearly and has the cites to back it up: https://www.taxcpe.com/blogs/news/cancellation-of-debt-of-a-decedent

Locking drop boxes are great. Be sure to write down the key's code and remember where that is, or don't lose the key like I did. I now expect to find the key tomorrow.

How about my first bold phrase where I said to follow tax law, specifically the concepts contained in IRC 707(a) and (c) that you made no mention of? You should first review the tax law as it applies to the partnership agreement, how these payments are determined and their frequency as the starting point. Unless the law is unclear or ambiguity existing in what these payments represent, only then would you jump into the court cases. I think your initial suggestion of partner's "living expenses" being reported entirely as withdrawals and none as guaranteed payments is an unreasonable one. If the partner is being paid "living expenses" of a consistent amount at regular intervals without regard to business profitability, then the payments would fall within the definition of guaranteed payments.

While I agree that there is a tax benefit if a payment to the partner can be properly labeled as a withdrawal vs guaranteed payment , the partnership and partners still need to follow tax law of what constitutes a guaranteed payment, follow the partnership agreement, and be able to justify that the payment(s) is a withdrawal and not a guaranteed payment, especially if payments were historically paid on a similar pattern or frequency and reported as guaranteed payments in the past. You might consider reading this article that talks about what guaranteed payments are, and it may help you discuss this issue with your client: https://www.cpajournal.com/2017/09/01/greatest-hits-avoiding-costly-mistakes-guaranteed-payments-partners/

No, it has a comparison page for Federal line items similar to ATX and a separate page for the state comparison.

Are you a tax professional? If so, where are you located? Your IP address indicates that you are in Ireland.

I disagree with your assumption that the NOLs are "lost." The purpose of amending a return is to properly report any items of income, deduction, additional tax, or credit that wasn't properly claimed on the original filing, and in your client's case of individual NOL carryforwards starting in 2008, those do have the potential to still be available coming into 2015. I agree with Abby Normal that you must calculate each year starting with 2008 coming forward to determine how much, if any, of the NOLs were used in the years prior to 2015. Then, the 2015 amended return may be filed to correct what should have been reported on line 21 had the original return been prepared correctly to begin with. You should include a summary statement showing each year's loss sustained, how much (if any) was applied and used in earlier years, and the amount from each tax year that is still available for carryforward that comes into the 2015 tax year. Behind that, I'd include the detailed worksheet calculations that pertain to each of the years prior to 2015 that tie to the summary with each clearly marked as worksheets for the prior year losses. After you make all of those calculations for regular method of tax, then you must redo all of it for AMT and attach that also. It is NOT sufficient to make a statement that the taxpayer was never subject to AMT in any of the years...the IRS will want these calcs. The IRS may reject the amendment outright, and what happened with one return where I did have the AMT calcs included, it sent the entire filing back marked up with a highlighter where it believed I had either an error or omission and requested correction or the additional data. Below is what my software produced for a client's NOLs coming into 2015, and it also produced a similar statement for AMT purposes for that year.

These may not help, or may not be what would accomplish the task: try to save the worksheet and reopen it before copying, or use 'save as' and rename to create a new file rather than copying it. I tested mine and am not getting any pop-up. Maybe I have a different version, or something is set differently. Sorry I couldn't help.

In the version I have, that function is found under "Page Layout", then click "Print Area". Mine then has a selection to clear the print area.

We had a similar topic last year where JRS was able to renew earlier than others, also on October 10th last year too. PTIN renewal for most others will probably be available sometime around the end of the month. Here's last year's topic:

One month. https://www.irs.gov/instructions/i1120s

I use the comparison for my own review and to present the highlights of the returns to the clients. Most want only the totals of income, their total tax, any significant changes, and the bottom line balance or refund. The comparison was particularly useful this year with all of the form changes and saved a lot of time in not searching through the additional six new schedules and all the other forms in their tax packages.

Yes, because his spouse is itemizing and he is filing MFS, he must itemize. Anyway, itemizing is the better choice since the code says his standard deduction is zero.

John, I had a similar situation from the 2015 to 2016 returns and the credit carryover requested was handled correctly, and I didn't switch the names, but Catherine's suggestion is a good one. My client's fact pattern was this: Joint 2015 return with husband's name first. Showed an overpayment requested to be applied to 2016. Wife filed 2016 estimate vouchers showing only her name. I think Drake did this automatically because husband's DOD was in Dec 2015 so the system removed his name on the 2016 forms. Wife DID receive the proper credit carryover.

The AICPA does some work on behalf of tax preparers. It's legal department provides support for lobbying activities and it did file a lawsuit against the IRS back in 2014 regarding the IRS' regulating of preparers through its "voluntary" program. It's "Legal" page is here: https://www.aicpa.org/advocacy/legal.html Similarly, the NAEA has a PAC that works on behalf of EAs in a variety of ways. See here: https://www.naea.org/advocacy My state society also asks for donations to a PAC fund, so there is some involvement at the state/local level from that group as well.

I don't have the PA k-1 in front of me at the moment, but IIRC that line is for gains from dispositions of property. Unless there were very significant investments, I'm guessing it might be the sale of a house. If it is from the sale of a house, from this page from PA DOR: https://www.revenue.pa.gov/FormsandPublications/FormsforIndividuals/PIT/Documents/rev-625.pdf

Take a look at Cornell Law's online code, sec 152(d)(1)(B) reads as "Qualifying Relative...whose gross income for the calendar year in which such taxable year begins is less than the exemption amount (as defined in sec 151(d))." Gross income had this pop up (can't link to that directly) that says this: (ETA - the link to gross income on that page I linked to is pointing at something else now, and this quote was taken from an older post on this forum when that page was working and pointing to the proper definition).

Yes. They are selling their entire interest in the property and appear to meet the other requirements. The related party rule only comes into play if the transaction is the sale of a remainder interest.