Terry D EA

Just finished with a new client that has had their return completed by Jackson Hewitt in the past. Client has rental property and when I asked about the expenses, depreciation; etc, they responded "We were told since there rent was less than the expenses, there wasn't any sense of reporting it" I thought Really? I advised the client that they had a responsibility to report all income and file an accurate return. Their refund was higher than expected because of the loss on the property. Already have a new client for next year and will be reviewing and amending last years return. Client's final commnet " We thought by going into their offices, they knew what they were doing just because of who they are" Me- That is usually the mis-conception. One would think so but in reality as you can see, NOT.

If that is the return, it should have rejected. Had it happen a few times over the year for filers and dependents.

Those were my thoughts exactly. Just want to see how others feel. Thanks

Monday 4/15/2013 end of filing season. Still NO phone call from OneDesk. Need I say more about what I think this software is? If this is indeed a spin off of OltPro. then I wouldn't use thier software either. Don't even want to consider it.

My personal take is forget working with these kind of folks. No more third party resellers. Buy a reputable software and stick with it. Yes, cost is always and issue but... put a cost to the aggrevation caused this year. While I don't believe it was all deliberate, it still caused a level of aggrevation that you can't put a cost to.

Had a client pass away in 2012. He was elderly and in his 90's. He really hasn't had a fiing requirement for the last four or five years. Only income has been SS and an annutity. His wife is still alive. I told them it would be best to file a return this year and mark it as the taxpayer being deceased. We had this discussion when he passed and earlier this tax season. I forgot about it and so did his daughter. His daughter is bringing the information in today. I thought about filing an extension. But because he hasn't filed in a few years, is it necessary? There shouldn't be any tax due to the Feds or the State.

Start charging for the tax advice and I bet it stops.

There may be some folks that had some success with the program. How, I don't know. Those would be the only renewal folks. What you got was a slap in the face from Doug & TRX. Now, I can understand Doug's attempts to rebuild his company, but going after the folks you alreaded pissed off???? I mean Really?? It would be like this, Taxpreparer - Hey i filed your tax return last year using some junk software and screwed it all up. I know it cost you money and lost of heart ache and I bailed on you and wouldn't answer the phone, but next year will be better cause I got a new software and I would be happy to file your return again. BTW- Sorry about that CP2000 notice. Client- Not only no but "HELL NO"

I wonder how they chose who they were giving a refund to? Maybe they ran out of money, either way, all should have been taken care of. At some point I feel bad that I got mine and others didn't. If you file a law suit I hope you are able to collect. Good luck!

Well here is what I know beyond any doubt. Free or not, reduced price or whatever, I am not going with this crap. I thought it would get me out of the woods with this return. I'd been better off just filling the forms out on the IRS site. I would have been done and not had this on extension. If OneDesk doesn't call back or well, it is definitely thier loss and not mine. See a few of you raved about this because it was free, now I know why.

I think we all are guilty of getting too close to some of our clients. I thought I lost one this year. Just a couple hours ago, a client called asking to drop off thier info, Husband just got out of the hospital and his wife was administering something just as they arrived home and he is struggling. My normal response would be extension and why are you bothering me so late in the season and I mean really?? But, this sure pulls on the heart strings and I should get the info tomorrow and of course, you all know what I will do. You would too.

KC the pics do the same for me. Nice to see them, makes the day go faster. BTW the video about the bikini wax was hillarious. While I'm a guy, I can relate. Loved it completely!

After the TRX snafu, I'm willing to be patient with things not happening the way ther are supposed to.

Sort of having the same difficulty here with a trust return. Dan was supposed to call today after the engineers reviewed what I am calling an input error with schedule D. Program is calculating CG tax on a unitrust that all the income flows to the bene. CG usually stays in the trust unless the distribution exceeds the total income. It does and I still can't correct this return!

Getting an early tease on the vacation. Wife and I are heading to Top Sail Beach first thing in the morning tomorrow. No phones permitted. Can't wait. Nothing better than a beach chair, umbrella, bucket of chicken, bottle of wine and a good book with my bride at my side. Oh and preferably a quiet spot far far away from families with small children. Love em just can't stand screaming and crying anymore.

No doubt I will go with filing it correctly by using the means I mentioned. I will look into to see if there is an input for percentage of trust's share. Thanks for giving me that bit of information.

This is just one of the many parts of life that is unfair and it is very sad. We all have ranted one time or another about the folks working the crap out EIC as well. 75.00 withheld and three kids income less than 33k and whamo 8,000 free money. Now if some folks really need this and it is legit. How many on the other hand, are just plain working the system. This is our government at it's best promoting poverty. Thanks Mr. President for the Obama phone. Just another way, the hard working man pays for the lazy but capable of working. Get ready Obama care is coming into full swing. I like his quote "Apparently this is what the American people want they voted me in office" Not all of us did!

Thanks Margaret and you are correct in this case. The distributions (unitrust) exceeds the dividends and interest so the CG goes to the beneficiary. I have a copy of the trust instrument and I agree with you about the CG staying in the trust as much as possible and am aware of page 3 of the 5227. As I thought, the K-1 is connecting with the 1041 but I can't get it to stop calculating CP tax. Being this return has to be paper filed, and if I don't find any other work around, I will print the return in cute.pdf (professional) and remove the calculation from the Sch D. Your agreement does help. Thanks again!

Love that picture KC, where do you get this stuff from?

I am using OltPro (OneDesk)to prepare a CRUT. The software is calculating capital gains tax on part five of the Sch D. They do have a box for the beneficiary percentage and when placing 100% there it the software will populate the K-1. The 5227 is correct. I have checked previous years and section five of the Sch D is not filled out. Am I correct that this section should not be filled out because all interest, dividends, and cap gains flows to the beneficiary (the tier)? The cap gains tax is calculated on the beneficiary's 1040 from the information from the K-1 correct? OltPro is looking into this and is supposed to call me back. What is your opinion here. Using OltPro to complete this type of return is similar to the way ATX does it. You have to use the 1041 to get the information to the 5227 and K-1.

Two and three quarter days to go. The coffee cup is full, had about 4 hours of sleep so let the games begin. I can see the finish line but hope I don't crap out before I cross it. Hang in there everyone by the time June rolls around and things are all calm, you'll miss all the fun you have had. On a more serious note, it is funny how things always seem to work out. I, like many others, dealt with software issues, learning curves for new software, paniced and drove my self nuts on January 30 wondering how it was all going to work out. And now that the dust is beginning to settle, I have realized that I have had one of the busiest and mostprosperous tax season for the last five years and all the worry proved useless. Cudos to all of you on this board, and the TRX board for being there for me and everyone else. This is an invaluable asset to all of us. Here is wishing each and everyone of you a good and restful break after Monday. One more thing, I think we all should take a moment and think about the software developers, support folks, and others that worked long hours that have done their best to help us get through this tax season. My hats off to them as well. Thank you!

<<<I called IRS and asked your very question...and the rep told me not to bother with the Schedule E because he wasn't renting out anymore. So...I just eliminated the Schedule E.>>> Hmmm, hope there were good notes kept here. Changing the disposition is always the best and proper way.

The taxpayer is always responsible to pay the tax that they owe from an accurately prepared return. If a mistake is made regardless of whether correcting it reduces a refund or increases the original balance due, it is the tax the taxpayer would have had refunded or owed "IF" it would have been prepared properly the first time. IMHO, and my policy is that the penalties and interest are the responsibility of the preparer who made the error. <<<<When I run into an error on a previous return I tell the client...and I tell them the IRS may catch it...or may never catch it. it's up to them to amend or not.>>>> It is your responsibilty to tell the client they are required to file an accurate tax return and if an amendment is necessary then the taxpayer is responsible to file it. There is no choice. But, if the taxpayer chooses to ignore and play the odds game then it is on them totally and they cannot say that you told them they had a choice. CYA at all times and in all situations. We all know how these things can get misconstrued.

If this couple was a resident of NC anytime during the year, then yes, a "Part Year" resident return should be done. Where did they live prior to the move to Delaware? The income from the rental may be considered income earned from NC sources.

Hmmm, that is interesting. I am not in my office at this moment but will check it out before I make the call. Wonder how that works.