Lynn EA USTCP in Louisiana

My understanding was that transcripts via e-services are available, and that transcripts requested by taxpayers via the "get transcript' are not.

E-services may be used to retrieve transcripts AFTER the POA is posted by the CAF unit.

ATX Max was about $1,360. If you renew now they will offer for you to defer payment until December 16, 2015. The only $ they need to renew is to pay the cost of the 'shipping/handling fee' and sales taxes, so about $150 or so. That's what I was told earlier this week when I renewed. s

My understanding is slightly different. 941's - $1.50 per form, per quarter 1099's - $1.50 per client (not per 1099)

Jack, I have never gotten the AccuWage to work right - so gave up on that. CBSLEE, yours is a great idea. I will ask Bill Fox to provide the efile fee information in writing. We'll see how much he waffles.

ok, Jack; thanks - that explains why there's no fee for efiling W2's. I never do them that way - I enter directly on bso.SSA.gov website.

Bill Fox, my account representative just called me, trying to jump start my renewal. I asked him about these fees, and his response: 1 - no fees to efile W2's (not sure why but that's what he said) 2 - fees to efile 1099's are not per 1099, but per client. So if you have 10 clients, each with 10 1099's, you will pay 10 x $1.50 to efile the 100 1099's. 3 - he said my Max renewal is up about $60, compared to 2014's cost. 4 - cost for Max will increase by about $140 on 6/1. Hope this helps, Lynn

http://go.cchsfs.com/atx-ab-2015packagechanges ATX next year,per the above, will have an efile fee for w2's and 1099's - I cannot wait to hear from my rep, bill fox, how much those fees will be ( s / ) !!!

deduct all the heretofore unused depreciation in 2014 - enter it as '481(a) adjustment' on the other expense line

I put the brokerage firm's name that issued the report, and the account #. There's a column for codes - use M

I see ATX now supports E-filing the TN INC 250. Does TN have a signature form akin to the federal 8879? Or does TN not require one (same as NC) ??? Thanks, Lynn

That's one reason I left Petz (Crosslink) - their user pack costs were getting way too expensive. Damn CCHSFS services for changing their pricing model. Where did you hear about this change ???

Alabama corporate - nonresident foreign corp Client formed LLC in Louisiana in 2014 and elected S status. For one month Nov-Dec he, via his LLC, worked on a film project in Alabama. Of course, now I must file an Alabama foreign corporate return based on the income and expenses during the time in Alabama. I use ATX and am having difficulties understanding the mechanism of the Alabama nonresident return. If anyone cares to provide some assistance, my email is [email protected] . If you are available for a telephone conference please email your number and best times to call. Wish Harlan Lunsford were here - I'd have asked him in a hearbeat ! Thanks so much, Lynn

one client sold the lot adjacent to their principal residence in 2013 then sold their principal residence the next year. Both sales qualified for the taxfrree principal residence sale - there is a special rule for this circumstance IF both sales occur within a 2 year period . I have the documentation at work . Will post when I get to my office.

Isn't there an option instead of sale/abandonment that says 'change to personal use'? Or of some sort? I do not think there should be any gain/loss calculation on conversion to personal use. It just comes out of 'service' for depreciation purposes.

No

I saw thread similar to this topic on the 'official' community site. The answer to the problem has something to do with a 'drop down' box at the top of the input sheet.

Is this the final trust return? I think the return needs to be marked 'final' in order for the capital gains to flow to the bene's k-1's.

Aren't day traders supposed to file an election or special form during the year that they choose to be considered a day trader?

Change for this year is that the 1099-B basis will not reflect the income allocated to the taxpayer and shown on their W2 via code V. I have one (Whole Foods stock) wherein the supplemental form does include the code V basis and closely approximates what the 'real' basis should be.

The IRS has a glitch in their system re the homebuyer credit. Expected 'fix' date is 3/23.

http://www.irs.gov/taxtopics/tc421.html For more information, refer to Publication 970, Tax Benefits for Education. Hope this helps, Lynn

CBSLEE - what features are lacking in Howell that you would need? Lynn

Also take a look at Howell Software (howellsoftware.com). I've used their write up program since the mid 1980's. Lynn

The default is to allocate the annual profit/loss according to the number of days the SH was a SH. If you go to elections, click on the 1120S tab you may find an election to allocate as of specific dates, but it must be signed by all SH.