Christian

I could not agree more Lion. Probably one of their ninety day wonders !

Thanks for the input.

As mentioned some time back I am now researching a new computer. Dell has a sale going on but I recall someone in the forum pointed out some current problems with Dell. I have had good service from my HP computers but the prices on the Dells are quite attractive right now. Does anyone know if their problems noted here have been resolved?

Well y'all have once again relieved me of another problem. I was unaware I had to love math to prepare taxes. An appraisal of the property by the executor ? The sucker was unaware he was an executor ! This is one of those little details he will now have to become familiar with.

I am simply wondering if since the husband owned 3/4 of the house if the house is inherited 3/4 of the depreciated value or does the widow inherit it at the stepped up market value which is of course much higher? This is a reminder of why I am considering folding the tent.

I reviewed with the client's attorney the record on the land transfers and it was his judgement that the husband owned some 3/4 of the property. The half interest purchased by he and his wife later was placed into joint ownership when bought from the brother's widow. The attorney concluded that the client owned 3/4 of the property and that his wife owned 1/4. Both husband and wife were employed at the time and I have no clue whose funds bought what but am comfortable with their attorney's decision as to who owned what. She has inherited 3/4 of the farm at the stepped up value with her 1/4 interest being valued at it's value at time of purchase. The fact that they converted the house on the farm to rental is my only sticking point.

A client inherited an undivided 50% interest in his father's farmland and a house on the farm along with his brother. Later on his brother died and the widow sold her half interest to the client and his wife. Since he was unmarried when he inherited his 50% interest he owned this himself. After marriage he and his wife bought as noted the other half of the farm. This gives him a 3/4 interest in the farm land and house and his wife a 1/4 interest. He has now died and his wife has inherited the property. Her son having power of attorney is selling the farm and house. Since the father owned 3/4 of the farm this passes at the stepped up inherited value to his wife leaving her 1/4 interest valued at the price paid years back. The house was converted to a rental years ago and is now mostly fully depreciated . And therein lies my problem. How do I apportion interest in this mostly depreciated out property?

I regularly make estimated payments. Because my income comes in irregularly I have for years attached a 2210 explaining this. No problem until this year. The PPS rep waived the entire thing explaining that the 2018 tax changes were largely the reason. The Service appeared to me to have completely ignored the 2210 I sent noting I had incorrectly computed the form and simply dividing my total income by four. Go figure.

Yes amazingly so. I was unaware I might resolve a personal issue through the PPS. My initial contacts with the Service basically pointed me to PAYING the penalty and then going through a byzantine process to get my money back. I did not have to use my FTA but was able to take advantage of the regs applying to TY 2018 because of the tax law changes placed into effect in December 2017. The person spoken to was unfailingly polite and saw to it I will get my $19 penalty which I myself computed fully refunded ! ! This pointedly reminded me of how valuable this forum is and the collected wisdom of members such as yourself. I think I saw a donate toggle the last time I came in so I will kick in for that. I have a real jim dandy of a situation coming up which I plan to put into the forum in a couple of weeks. I look forward to reading what my fellow tax folks have to advise. Again my sincere thanks for your help.

Penalty abated Max. Many thanks ! !

Max you are referring to he Practitioner Priority Service right? I'll give them a call Monday and see what they can do. My 2018 tax is totally paid and according to my 2210 my three quarterly payments exceed the tax due. This is the first time I have had this problem.

Much to my astonishment I received a large estimated tax penalty myself. I have not received one in more than ten years and am wondering if I qualify for that first time abatement I have read about. I sent in a Form 2210 which indicated a $19 penalty as in past years. It looks as if they simply brushed it aside stating I did not calculate my estimated tax correctly. Most of my income falls into December as a result of large and unknown capital gains and my 2210 fully reflected this but to no avail. I waited on the phone over two hours to speak with a rep who basically said they had ignored my 2210 and calculated my penalty as if my income came in evenly over the course of the year. His suggestion was to pay the penalty and then file a Form 843 along with resubmitting my Form 2210 with any accompanying statements I wished to add. Any input would be appreciated. This is new territory for me and anything you can pass along will be much appreciated.

When I look into a mirror I see my IT guy.

I've got to buy a new Windows 10 computer and usually buy a Compaq or HP. Are they effected by any of this?

Ah yes. The inscrutable Dutch.

I have yet to see anything on the WK hack with respect to files being lost. Has anyone?

ATX values my business so little I don't even get a call from a rep ! I usually reup online. I too have been a client since the Maine days. Gee we ARE getting old !

It would indeed be a cold day in Hades for me to get money BACK from the federal or state governments ! Some years back I had to contact my state senator to receive a $27 refund from our Department of Taxation.

In checking my own return I see no amounts reported on line 18 or 19 on Schedule D so I can assume I am in the clear. Whoopee.

Has ATX provided an update covering this ?

I'll add my two cents. A long time client turned his affairs over to a son when he and wife went into a home. His son turned the management of his dad's affairs over to an existing firm but his dad strenuously warned him against employing the head of the firm as he had no confidence in him instead to use a family friend at the firm who shortly thereafter retired. The son promptly turned the assets over to the very man his father had warned him about. I pointed out to him the fees looked pretty high last year. This year was no different and the guy had LOST over $30,000 of his 88 year old mother's assets through bad stock trades !! Go figure.

Somehow I knew Abby would cover my ineptitude.

An article in the Progressive Accountant states that the malware which attacked WK was a new unknown strain undetectable by existing security software. Apparently to date they have found no data lost. I was unable to pull up a link but feel sure it can be accessed from the PA website.

Has anyone seen any assurances from WK that no client files were lost. I've scouted around and see virtually nothing.

I have made an address error in an efile I sent. Is there a form I can submit correcting this? The client owes tax so no refund is involved I simply need to correct the town name on the filed return. This, of course, also applies to the Virginia return.