Lynn EA USTCP in Louisiana

Thanks, Pacun. I'll review that tomorrow when I return to the office. As you pointed out, it may well be a case of 'operator error'. Lynn

I thought this issue was to have been solved with the 3/30 6 pm drain and update. But I'm still getting this reject code. Anyone else having the same issue? Problem arises with 2 sch C for same t/p on the tax return - one schedule C is for EA activity and the other is for notary public activity which is exempt from SE tax. The SE health ins is established under the EA business. Thanks, Lynn

Catherine that's available only if there are more than one employer.

This client lives in NJ. Box 3 social security wages are OVER the soc sec limit of $106,800 by $225.00. The reconciliation for social security wages reflects gross pay $113,089 less 401(k) n/a less medical fsa ($1,000) less other cafe 125 ($2574) wages over limit ($2,490) to yield Reported Soc Sec wages/W2 $107,025 I have an email to the client but wonder if ANYONE ELSE has ever seen something similar and could comment. My turn to be 'brain dead'. Employer erred - employee should ask employer to refund the overwithheld soc sec taxes, all of $13.95. No further responses required. Thanks, Lynn Lynn Jacobs, EA, FNTPI, NP Kenner, LA

What 'little' I do know of 1041's is that the -3000 capital loss does NOT go on the k-1, EXCEPT if in the final year. Capital losses stay within the trust until it becomes final. Lynn Lynn Jacobs, EA, FNTPI, NP Enrolled Agent Notary Public Kenner, LA

9 AM this morning received a phone call from a young lady from TRX asking if I was ready to renew for next year, locking in my $299 price for the $699 package. Deadline to renew is May (31st ? ). Does she NOT know the date? I told her that since the deadline to decide wasn't until May, then that's when I would make my decision. Geez, Lynn

Entity returns haven't been assigned DCN's; or if they are they are not printing on the 8879's. I think it's because they go through the MeF system and not the legacy system which uses DCN's. Lynn Lynn Jacobs, EA, FNTPI, NP Kenner, LA

She IS an employee, for all BUT unemployment purposes. Weren't her wages shown an exempt on the 940? Or was a 940 not even filed? In many states, the spouse of a schedule C owner, and apparently in your state the spouse of a partner, is exempt from state unemployment. Lynn Jacobs, EA, FNTPI, NP Kenner, La

Yes, it may still be efiled. Entity returns may be efiled - current year, and prior 2 years. Lynn Lynn Jacobs, EA, FNTPI, NP Kenner, La

New clients just left my office - moved to LA from Ohio in late Sept 2010. W2's reflect W/H from OH, Village of Delta, Bryan, and Toledo. What are the quirks to Ohio returns? Thanks, Lynn Lynn Jacobs, EA, FNTPI, NP Kenner, LA

The only strange thing happening with me is when I'm editing the client's federal letter, which has 'this return will be e-filed' in the options box, it will all by itself remove that check-box, and revert to the 'mail' letter instructions. When I go back to the options box to again check 'this return will be e-filed' there's a red message that states something like 'this return was rejected - please fix the errors and try again'. So I again check the e-file box and go back to editing my letter. Very strange. Lynn

Hi Ranger, that part I am well aware of. I just wondered if Tom had found another solution to his dilemma. Thanks, Lynn Lynn Jacobs, EA, FNTPI, NP Kenner, LA

Advise your client to take the 2010 RMD ASAP. My own mother one year forgot to take her RMD. We filed the return without the 5329 and it was never questioned. But if it had been then we'd have responded, explaining the circumstances, that the RMD was taken as soon as it was discovered to have have been missed, procudures now in place to make sure it doesn't happen again, etc. The proper way would be to file the return with the 5329. Some preparers recommend paying the penalty tax and then asking for it to be refunded, while others (and I'm in this camp) recommend filing the 5329 without paying the penalty and waiting to see what happens. Lynn Lynn Jacobs, EA, NP Kenner, La

Tom, for those of us who don't know the answer to your question, would you tell us what you figured out? Thanks, Lynn Lynn Jacobs, EA, NP Kenner, La

This is what ATX put out just this afternoon (2/8)- "We received the following from the Louisiana Department of Revenue: Subject: LA acknowledgements Sorry for the delay. Due to inclement weather Thursday and Friday of last week our office was closed. We will get the acknowledgements out as soon as possible." And now an updated message on 2/9 - "LA acks-- We had expected Louisiana to begin posting acks last week, but we have not received any LA acks yet. The state has notified us that they experienced hardware issues and expect to get acks posted by Feb 15" Lynn

Cathy, so far not yet. I've e-filed one LA return on 2/2 - federal ACK received right away. Still waiting on the State ACK. Lynn

Jainen, this is NOT a typo. It is a reversal of position. One of my NAEA peers corresponded with the person that re-wrote that section of the rules, and the reversal of position has been confirmed. Lynn Jacobs, EA, FNTPI, NP Kenner, La

2nd try - think it worked this time. Lynn TAx Minimum_fee_schedule_Sample_template_and_with_samplefees_2011.pdf

I figured out how to add a link to a file. Attached is a sample fee schedule @ big firm prices. Guess I didn't - will try again. Lynn Lynn Jacobs, EA, NP Kenner, La

From the NAEA Webboard - for 2010 the IRS apparently has reversed its position on this issue, as follows from a discussion begun by another EA: The following is the response received from the IRS: "Thank you for your inquiry dated 01/18/2011, I apologize for the delay in responding to your question. There was a change for 2010 allowing Medicare Part B Premiums to be used to figure the Self-Employed health insurance deduction. In previous years, Medicare Part D payments were allowed, but not Part B payments. As you mentioned, the 1040 Instructions do state that you can use Part B payments in calculating the deduction for 2010." Lynn Jacobs, EA Kenner, La

This question was posed to me by a colleague: "I have a brother/sister controlled group, (2 C-Corporations 100% owned by same individual). Looks like they need to put an apportionment plan in place in order to avoid a flat 35% tax rate. Anyone out there have experience in this document and how to create/word such a plan? Any feedback would be greatly appreciated!" Thank you, Lynn Jacobs, EA Kenner, LA

For years had Kleinrock, then ATX, then Intelli.... This year dropped ATX TTO down to MAX. Instead purchased TRX Alliance $299 deal which is 'supposed' to come with RIA Research. the Research part of the subscription does not yet work. In addition have Tax Analysts research @ ~ $370 per year. If I can ever get the RIA research to work, and like it, then next year I'll drop Tax Analysts. Have to reserve judgement on the TRX/RIA research since it doesn't work, yet. Lynn Jacobs, EA, FNTPI, NP Kenner, LA

Customer and Technical Support: Toll Free: 1-800-638-8291 If you use ATX tax software only through our Pay-per-Return System (PRS), please call 770-857-5602.

And, when you Enable Payer Manager you have the option of the payers being listed by EIN or by name. I chose by name. Lynn Jacobs, EA, FNTPI, NP Kenner, LA

Anyone have any success yet utilizing the RIA research from within the 2010 TRX software? If you have had success, which internet browser are you using? And are there any tricks, or a primer? Thanks, Lynn Jacobs, EA, FNTPI, NP Kenner, LA