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jklcpa

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Everything posted by jklcpa

  1. Link to IRS for all draft forms: https://apps.irs.gov/app/picklist/list/draftTaxForms.html Great, let's waste more time and money on another redesign and programming at IRS and all the vendors. The 2019 1040 draft does allow seniors to file that form with notation for those checking age or blindness to see the instructions for the proper amount of standard deduction. The only difference between the 2019 1040 and the 1040-S (senior) is that the "S" form has a chart at the bottom of page 1 for those checking age/blindness boxes. I guess there were too many mistakes in the standard deduction in 2018 for those self-prepared returns.
  2. Hmm, I'm not sure about this. Last fall I loaned another member my disk from 2006 after the ATX rep said that they could only provide back to 2012. Has ATX expanded the number of back years available since then?
  3. I'm not sure why your client got that notice, but if it is a straightforward as you say, here is the text of the TCJA as signed into law that answers it: Sec 11(b) of the tax code now reads as follows:
  4. You've brought up two separate issues in this topic, first this one and then the second about the PSC rate for C corps and mentioned a medical professional. See my post immediately above related to the PSC discussion and notice received. As for the 199A deduction, you didn't give enough information to answer definitively. Is this the same SMLLC medical professional mentioned in discussing the PSC rate? If it is the medical practice, that would fall under the rules for a "specified service business" and would be subject to the phase out rules.
  5. The new rate applies to tax years beginning in 2018. What tax year is the notice for?
  6. PSC C corps now pay the same rate of 21%. Some early proposals had the PSC rate at 25% but that didn't make it to the final legislation that was passed. PHC tax and accumulated earnings tax are both still in effect, rate unchanged at 20%.
  7. jklcpa

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  8. That sounds right. The TOD label indicates that there is a named beneficiary(ies) on Jane Smith's account that will pass to those beneficiaries, it bypasses the will, and is outside of probate, but the beneficiaries aren't shown on the account statement.
  9. @Lion EA it looks like yours may already be UTD. See my next post for the contents of Elrod's link that lists each of the most recent versions available.
  10. How was the account titled? If it is TOD, those are non-probate assets and not included in the estate.
  11. Are you looking at that in the Control Panel?
  12. Still scrappy and yappy though. My Pretty Gold Dog was much friendlier.
  13. I agree with Catherine. Word 2010 is still supported through Oct 2020 so you could also use the "check for updates" function from within the program too. Other things to consider doing are: making sure your Malwarebytes is UTD**. checking the Malwarebytes forum for this popup issue, and possibly using the free MB service of working online with one of their techs for deeper scans and virus removal ** I had trouble last week where my AV program turned off MB's live online protection wouldn't turn back on, and one solution was to check for MB and install any available updates. It's weird because I have mine set to give me a notice when a program update is available so that I can choose the install time, and an update was available but had no notification. When I updated, some file didn't install properly and disabled the entire program so that I then ended up reinstalling via their helper "repair" program that saved my license, activation key, and logs automatically.
  14. See Gail's response in this topic:
  15. Like Catherine, I've use efilemyforms for several years and am happy with the service. I've also used efile4biz. Here's are some links that I had saved: https://www.efilemyforms.com/efile_only.asp https://efile4biz.efile1.com/ https://www.bgtaxforms.com/e-file-s/7.htm http://tax-print.com/index.html
  16. @Anthony I moved your question on preparing 1099s in Drake Accounting to a topic of its own that can be found in this subforum in case others chime in on their favorite 1099 prep software.
  17. That would depend on your selections of notifications you receive. Two reasons I can think of for you not receiving a notification are because I didn't quote you, and you aren't "following" this topic. You can also get popup notifications if you set your browser to do that, AND that only happens when you are logged in and are active on the site either directly or by leaving a tab open.
  18. Reg 1.48-1(e)(2) (e)Definition of building and structural components. I would treat a whole house generator as a structural components because, unlike a portable generator, these require a fuel source be plumbed, tied into the main electrical system of the house, and are usually installed on a pad much like an a/c unit would be.
  19. Margaret, I agree with your reasoning. This is how sites like Gofundme generally treat amounts collected, that these amounts are considered gifts for the person's wellbeing, treatments, or whatever the fundraiser is for. It isn't taxable income.
  20. I switched early in 2013 when ATX reworked the 2012 program and haven't looked back. Some of the reasons I like Drake, not in any particular order: program speed update speed flawless backup ease of integration with document manager macros price exceptional customer service user forum with knowledgeable, helpful, supportive members I'd suggest to anyone thinking of switching that you try to attend one of the company's presentations and obtain a trial version of the software. The trial version I received was a full working copy of the prior year with the exception that e-filing was disabled.
  21. Folks, please try to keep posts here about this issue with ATX. I've moved two replies into a new pinned topic in the Drake forum for anyone wishing to give a testimonial or helpful advice to those who may want to test out Drake's software. Any future posts will be moved to the Drake or other vendor forums as appropriate. Thanks.
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