Lynn EA USTCP in Louisiana

My guess is it will be fixed for those of us LA, OK or TX. Would your client do a direct debit themselves at IRS dir3 t pay ?

Pacun, have you tried to use the foreign earnings worksheet (FECWKST)for this? No SE tax will apply with this worksheet.

Yes, if all wages are excluded via 2555 then there will be zero wages upon which to calculate the EIC.

If the earnings are $18K the HOH standard deduction would wipe that to zero amd leave the TP eligible for child related credits , without using form 2555. Take FTC a for taxes paid to Spain, if any.

Use the foreign earnings worksheet , which should flow to the line for wages .

Wish I had seen this 10 days ago.

the choice to include scholarship in income is done on the student's tax return, not the parents. click on the arrow on the wages line and a worksheet should come up. input the $ amount on the scholarship line. when you close that tab "SCH" should show on that line next to the $ amount. And yes, the scholarship amount (on the parent's return) is reduced by the amount included in income on the studen'ts tax return.

Yes , the depreciation is taxed

Yardley, ATX will now send an email or text to the client, for a fee of course. On the 1040 Main Info tab, scroll down to the bottom of the page and see the info on Versicom.

I tried direct debit ONCE - on my own tax return. It did not end well and will never offer it to my clients. They are given vouchers (1040-V or 1040-ES) and advised to either send checks or pay online via IRS Direct Pay. I use IRS Direct Pay to remit my taxes.

I would look to the operating agreement for any verbiage re UPE. If UPE is allowed, then I'd allow the OIH expenses, using the 8829 worksheet for an allocation. Totally unresearched caveat.

Delete the efile form . Save and close the return. Reopen the return and add the efile form.

You may have to just snail mail the extensions for these.

Do both schedule C's have profits?

It seems they send these out earlier and earlier every year. And no, I have no plans to renew before season is even over.

Louisiana starts with federal AGI and will follow the federal UCE.

Daughter in 2020, filing on her own and not eligible to be claimed as a dependent, is eligible for both EIP1 $1200 and EIP2 $600, and EIP3 $1400.

While I use Medlin for some clients, I also use Patriot for another. Patriot has the option of full service.

Despite no income, there are expenses. Yes, a partnership return should be filed for calendar year 2020.

There's a box for the IP PIN on the main info tab of the 1040. It's in the Date of Birth/Date of Death section.

For 1040 returns ATX does offer Versicom Toll Free Tax Infoline PLUS (TFTI+) (for a fee, of course) which is an 800 service that taxpayers can call to find out the status of their EF return and refund. It available only to tax preparers registered to offer it. When enrolled in versicom the return's info is automatically sent to the TFTI+ service; that taxpayer can receive status updates by text message and/or email. I have no idea what this service costs per return, as I have never investigated it. Look for it at the bottom of the Main Info screen for the 1040.

Did you use the annualized method on the 2210 and the state form ?

On the 1040 there's nowhere to report it; that deduction is suspended per TCJA til 2026.

JackieB, what was the solution?

It's not fixed because they know we could input 00-0000000 instead of a real number, and it would go through