Lynn EA USTCP in Louisiana

I efile the 1099’s through ATX. I have heard comments from others who use efilemyforms and are satisfied

IRS has an audit technique guide on legal settlements. My reading of that guide leads me to conclude that settlements due to death are generally not taxable. if the settlement earns interest of course that will be taxable. I always read a copy of the settlement document.

typo - 2923 should be 2023

emails received overnight include the download codes for 2923 ATX MAX and Payroll.

In the ‘news’ section I think there is a blurb about Ohio efiled being suspended until some time in September. Check the newsfeed

I have used both Medlin and Patriot

I never heard of these 3, and will look into them. Thanks

This morning I froze my credit on the 3 agencies and secured an IP PIN from IRS

I'd love to know the answer to this question. Thanks for asking it Christian.

Gives new meaning to the phrase 'new math' !!!

I presume this discussion centers around the entity filing PTET and not the individual partner/shareholder taking the PTET credit on their pertinent state return.

Look under preferences to change it

Update - support remoted into my computer. The problem was with the state corporate estimated form. Once that was deleted, I could create the EF. My workaround will be to add the state ES, print them and the letter, then delete the state ES, and create the EF.

I was able to create efile form the LA 620, which accompanied the 1120S. But am now working on an 1120 regular corporate return, and the system will not create the efile for the LA 620. I've deleted the form, re-added it, without success. Anyone else from Louisiana, with some insights? Thank you, Lynn Jacobs

Mike CPA, what I have done is notify the partners/shareholders that unless they specifically request it the K2K3 will not be included with their K1. this notification has already been sent out, and all my partners/shareholders have responded that they do not request the K2K3.

You don’t. Amending a Louisiana return involves a checkbox for amended, and then preparing the return as it should be, per amended info. The state takes that amendment, pulls it for review comparing with the original return. I put a sticky note on top so the client understands what they owe, or the new refund amount.

The only option I've seen in ATX is a checkbox stating K2K3 are attached. I too have used the Blank Statement for the exception disclosure.

To Bulldog Tom, IRS K2K3 webinar 2/9/2023 had the revised instructions along with a nice flowchart.

Perfect, thanks

1120S has investment portfolio; tax document reports ordinary dividends, qualified dividends, and Section 199A dividends. I am having a hard time finding where in ATX to enter the Section 199A dividends received, and would appreciate it if someone can help with this. TIA.

Those with under $50,000 file the 990-N postcard. If returns are not filed for 3 years tax exempt designation will be revoked by IRS

See if the client qualifies for self reporting and penalty waiver see https://www.cpa-wfy.com/did-you-miss-the-60-day-deadline-for-your-ira-rollover/

File the zero returns; LDR will eventually match the forms with the payments and refund the difference, less a late filing penalty.

When I changed the password in SSAA BSO last week, I was told it expires in 90 days.

is this where you attempted to log in ? https://www.ssa.gov/bso/bsowelcome.htm Last week I was able to log in and change my password; I had to a browser other than firefox. I was able to get into the log in page using Edge.