ETax847

Has anyone encountered the following rejection error on a Form 1041 filing, "IRSResponsiblePartyInfoCurrIND in the return header does not have a choice of "Yes" indicated? Any idea what this means or how to resolve it?

It turns out it was a system issue with the IRS website and the issue has resolved itself overnight.

A client created their profile on ID.me to get their IRS Pin. However, when they go to login now, after the 2-Factor Authentication, they get an error message 9998. Has anyone encountered this or know what might be causing this error?

That's a fair point. I don't think I'll spend anymore time on trying to convert the pdf into a fillable pdf. Thanks for your reply.

This year I was hoping to make my Tax Organizers fillable pdf's. Is anyone familiar with how to do this? I have tried numerous softwares and I cannot figure out how to convert the pdf into a fillable form.

As always, thanks for the valuable input. This group is such a great help.

Hi, I prepared a client's 2022 Tax Return and fired him after the fact due to his extreme rudeness. He is now asking me if I would amend that return (amendment is needed at no fault of mine). Would you ignore the request, politely decline it or charge a fee and prepare the amendment?

Thanks to all for taking the time to respond! This was super helpful.

A client received a loan from his employer upon accepting his offer that would be forgiven after 3 years, as long as he remained employed with the firm for that length of time. Should the full amount received be treated as taxable income at the time it is received, or at the end of the 3 year period when the loan is forgiven? All bases were covered to ensure the arrangement is a true loan as seen in the loan documents

IRS pins will be important for this filing season. I have already dealt with 3 clients who have experienced issues of identity theft. Could be related to this breach or could just be a coincidence.

Has anyone ever had the following error: Partner K-1-P entry: Disregarded entity EIN must equal the member's SSN. I have double checked the at the disregarded entity equals the members' SSN but I have this error on each input. Any suggestions would be greatly appreciated. I've been struggling with this for over an hour.

I keep getting calls about renewing and the offer does not seem to be improving. Has anyone had much success in negotiating with their ATX sales rep?

Clients are MFJ and spouse passed away in early Jan. Surviving widow cannot find her husband's IRS PIN. When someone passes is their PIN still required or does it fall off due to their passing? Has anyone had to deal with this situation before?

Yesterday I get a call from my ATX rep asking me to renew today and that this was the best offer he could offer me if I renew right now. My renewal rate has jumped up substantially to where I told him I would consider all options before deciding. Has anyone else renewed this early or do you wait and end up with more favorable pricing?

For someone who is a schedule C with a Solo 401k, where does this person report the employee and employer contributions on the line 16, sch 1 worksheet?

How does one link the 1099-K to the other income line on Sch 1, Line 8z or is this a manual entry?

Prospective client incurred $4k in startup expenses for a new business that lasted 2 months. She did not make any money in this business. She landed a W-2 job and folded the business. Can her startup expenses be deducted on Sch C even though the business never earned a penny before folding?

I went with my gut feeling and did not take this prospective client on. The more questions I asked, the more skeptical I became.

A prospective client wants me to amend her 2022 Filing. I did not file the original 2022 tax return and when I asked for the source documents, she provided me with a handwritten K-1. Would anyone file a tax return off of a source document that was handwritten?

In 2021, Indiana state tax withheld from K-1's was reported on IN Sch F? Something seems to have changed for 2022 and I cannot find where it should be reported. Any help would be greatly appreciated.

Before the deadline, I had previously filed the client's Federal and WI tax returns. Just learned of IL income that needs to be included on an IL tax return. Can I add the IL state return to the original file or do i need to create a copy and add the IL tax return in and E-File it from the copy?

Is anyone renewing ATX this far out? I received an email today for the "best discount".

Kathy, do you know where I could find this online? Client was curious as to the source of this information.

Clients funded their HSA and FSA in 2022. Husband funded FSA for $2,500 and used the money for medical expenses and Wife funded her HSA in 2022. I've never come across this and I am not sure how to report this. Any insight?

I have a new client who is a resident of IL. He is a consultant and is W-2 shows in come for 4 states: IL, NY, CA, and MA. For CA and MA the W-2 shows a portion of the income that was earned in that state. For IL it shows 80% of the income being earned in IL and 100% of the income being attributed to NYC. Does anyone know how this is to be reported among the states?