ETax847

Currently on hold with the IRS for over an hour now. Tax season is only a few days old and I'm already dreading it.

A client's employer switched paycheck providers in September. The old company (Paychex) gave him a W2 for just the income when they were with them. The new company (ADP) gave him a W2 for the entire year, including the time with the old paycheck provider. Has any one dealt with this situation before and what should the client do to fix this issue?

Is anyone planning on adding additional questions to their 2021 Tax Organizers (Stimulus received, child tax credit, virtual currency)? Last year created so many headaches that I am leaning toward adding these to the Organizer and perhaps more. Thoughts?

Hi, I'm trying to file an Ohio State Tax Return for a client and keep receiving the following E-File Rejection Error: "The XML dat has failed schema validation." Has anyone else seen this type of error, before and if so, do you know of the solution? The client's Federal Return and Indiana return were both previously accepted with no issues.

My rep is pressuring me to renew by the end of the month. Is anyone else getting this pressure too?

$95 processing fee for a download always ruffles my feathers.

Im always curious as to people who can file early in tax season, always wait until the last minute. Going forward, I think I am going to add a surcharge for those who come in the final week and expect their returns to be done before the deadline.

Just had a client email the following: "I know I’m super late. Wondering if you’d be able to do my taxes again this year. Let me know what you need from me!" Do you raise your fees for the late arrivals or tax season or just automatically put them on extension?

I am just running into this form for my first time. Were the attachments posted anywhere?

Yes. My rate jumped up quite a bit. In the ATX Facebook group, people are discussing their renewal letters. Quotes for the max package seem to range from $1,200 - $2,000

I just received the "best rate" expiring soon offer letter from ATX today. Is anyone planning to renew before the current filing season is even over?

Client's child has $2,424 in capital gains from a brokerage account in child's name. This is my first time filling out form 8615 and I show the tax to the child on her return to be ~ $1k. Is there something I'm missing?

I would like to discuss a client's CP notice in hopes of getting it resolved timely.

Which form do you generally file with the IRS to be able to speak on behalf of a client? Does either form serve this purpose?

Client contacted the payroll dept and they responded they didn't report IL tax because the client lived and worked in another state. However, the W2 clearly shows IL income tax withheld with no IL income. Gotta love tax season

Client moved out of Illinois in 2020. One of her W2's shows Illinois income tax withheld but no illinois income. Income was fully allocated to another state with tax withhheld in this other state. I get an E-filing error for IL return saying "state tax must be less than or equal to state wages per IDOR" Does anyone know how I can have the state tax withheld included without showing any income from that state?

Is there anyway in ATX to see who received a 1099G for unemployment without having to open every single return and check?

Per this article: https://www.cnbc.com/2021/03/05/unemployment-benefits-deal-to-waive-taxes-on-first-10200-dollars-of-ui.html As part of that compromise, Democrats added language to the bill that would provide a tax waiver on up to $10,200 of unemployment insurance benefits for 2020, staff for Sen. Ron Wyden, D-Ore., confirmed Friday to CNBC Make It.

Per the deal reached yesterday in the Senate, "the deal will extend a jobless benefit supplement at the current $300 per week through Sept. 6, according to NBC News. It will make the first $10,200 in unemployment aid non-taxable to prevent surprise bills. The provision will apply to households with incomes under $150,00" This is not official yet, but its something to keep in mind, as there will be the need to amend many tax returns. As if tax season was not full of enough headaches.

Funny how that worked out. Did they actually pay the bill?

Let's say you prepare a client's tax return, the client is not happy with how much he owes and he asks to have it prepared elsewhere. Would you still charge him the full prep fee given all the time spent in preparing the return, or would you just say good riddance and not worry about the fee?

This is a tough one. Some folks need their refund so are torn if they should wait for something that may or not happen. Very interesting predicament to say the least.

Client turned his previous residence into a rental for the past 2 years. He sold it so is still eligible for the homeowner's exclusion. On what schedule does the depreciation recapture come into play?

This article appeared in Account Today this past week: https://www.accountingtoday.com/news/lawmakers-ask-irs-to-extend-tax-season-until-july-15-due-to-covid

ATX is requiring the 8915-E be signed and attached as a PDF. However, the form itself, says sign here only if you are filing this form by itself and not with your return. Any idea why the discrepancy?