ETax847

Does anyone know how to have a client's soc sec number be x'd out on the printed copies? I would like to suppress this information, but I'm not sure how to do it. Thanks and Happy New Year.

Yes, if you exchange bitcoin for another cryptocurrency. I've read mixed things on the treatment of taking such action and was looking for some clarity.

"The IRS says cryptocurrency is property not currency, so you might think you could qualify. But whether 1031 applies to cryptocurrency is debatable." Does anyone have a definitive answer on the treatment of exchanging cryptocurrency for 2017?

I'll do the same. Have you found something online to send when it gets signed or you crafting your own message?

Has one sent out a communication to their clients about year end moves to make given the tax legislation changes set to take place in 2018? Starting to field a lot of question on it from clients

Is anyone sending out any type of communication about all the changes or still too soon?

Has anyone seen this provision: "The conference report on the bill specifies that taxpayers cannot take a deduction in 2017 for prepaid 2018 state income taxes."? Are taxpayers still able to prepay their 2018 property taxes and still take the deduction in 2017?

My thoughts are this bill will pass as is. They seem to have the votes and we should have new legislation in place by the holiday.

Anyone have clients that have traded Bitcoin during 2017? From what I understand, Bitcoin exchanges will not be providing any sort of tax document. Has anyone heard any different? Do we rely on our client's to self report their gains?

Thanks for the valuable feedback!

Any advice on how I can make tax season work better. In years past, I have set clients' tax appointment dates to come in or upload their documents to the Client Portal and they don't keep these appointment dates I set or bother calling to reschedule until they are ready to come in. In other years I have put the language, "please call to schedule your appointment" and that hasn't worked either. Any advice from those that have a tax season that flows as expected, and if so, what have you found to be most effective? Thanks!

Thanks! that did the trick!!

Does anyone know how to add Tax Organizers AND Engagement Letters to all marked returns? When I try it, currently only the Organizers are being included but not the Engagement Letters. Please help.

What % will you be raising your prep fees by for the upcoming tax season?

will bitcoin companies be issuing 1099B's at tax time or what will clients be receiving tax form wise who trade in this space?

My software received an update today. I'm not sure if it improved any of the current functionality though.

Will the IRS scrutinize returns more closely to prevent fraudulent tax filings as a result of the Equifax Hack?

Now that tax season may be over for some, does anyone have any good marketing moves to make to attract new clients for the upcoming season?

Clients are residents of the state of Georgia. They sold their rental property in 2016 at a gain. Is there any additional filing or an additional tax in the State of Georgia that they need to be aware of? Any assistance would be greatly appreciated!

When a return is efiled and the status is accepted with messages, how does one find out what the messages are? Thanks!

ILLMAS, you're a life saver! I had no idea that field somehow got prepopulated! Error fixed. Thanks so much!!!

Any idea why I would get the error message "you must ask your employer to refund the excess to you. You cannot claim it on your return." Seen in the summary totals worksheet below line 17.

Taxpayer had multiple employers in 2016. Is it true as of 2016, if one employer withheld too much Soc Sec tax, he cannot claim the excess credit on his tax return as in years past? I'm not sure if the is a new rule change. Please help

Client received a 1099B for the sale of company stock with no cost basis. How do I treat this and is the sale included in wages on the W2?

I am taking a week off work next week to recharge. Do any other tax preparers take time off to travel mid tax season to refresh and recharge?