Abby Normal

https://www.irs.gov/tax-professionals/practitioner-priority-service-r

Same.

For new clients, create a blank return with everything the way you want it. Duplicate this blank return to set up a new client. For existing clients, it should rollover.

You could just report this on the surviving spouse's return and respond to any notices with a copy of the 1099R. Or, if the withholding is close to the tax due, simply ignore it.

I'd say no, because you're just making them whole for the penalties and interest they paid/will pay, so it's not income to them.

Tax wise, It's not a big deal if there was one K1 for one spouse or two K1s split 50/50. The 1040 tax will be the same and there are no SE issues. This more of a divorce settlement issue. Who gets the corporation? This will be part of the overall property split (you get the corp, I get the house, etc.).

If we applied SS tax to ALL income, we could lower the rate. A lower SS tax rate would benefit low earners and small business immensely.

I had a very small broker and every year he'd remind to record the 10% cut to Schwab and I'd debit commission expense and credit sales without explaining to him that the bottom line is the same either way. He was happy and that's all that counts.

In addition to the big 3 agencies, you should also do freezes for: ChexSystems Innovis NCTUE I also have in IRS IP PIN. I got one as soon as they made them available for anyone who wanted one.

ATX has a place to enter estimated tax payments in this situation. It's part of the 1040 form. One of the last pages.

Stocks are intangibles and intangibles are not "goods."

They say it that way in rural MD as well. And the stuff you put on roads sounds more like tire.

As I'm fond of saying, we account for what actually happened, not what someone hoped had happened. There is zero basis for capitalizing past due real estate taxes in this situation.

Multi member or single member? Partnerships don't have to file if they have no activity.

You would actually make a lot more money per hour and enjoy your work a whole lot more.

That "accountant" doesn't even deserve to be called a bookkeeper. Sheesh!

Where did the money go? If it was deposited into the corporate bank account, it had to be accounted for somehow. Right? Or does this S corp not keep books?

https://aicpa.qualtrics.com/jfe/form/SV_aa5EQzeg1YWQ8uy I gave ATX some bad scores for not adding all the forms we need.

Always glad to see these cheaters get caught and made an example.

Just add it. You might need to disconnect the state from MeF, but it should work.

If they're cash basis, it had to be in by 12/31 last year to claim it on the federal business return. In MD if you pay it after year end, it distorts your state taxable income because you have to add it back to federal taxable income, but it wasn't deducted on the fed return.

Here's MD's list of approved vendors showing who supports the 511 PTET and who doesn't. I hadn't heard of some of these vendors. ATX is listed under Universal Tax Systems.

This is why I still fax them. It's easier, faster and less complicated.

The 2210 is for the prior year and the interest rates should be hard coded in. The interest rates that ATX does not update are the late paying ones on the 1040 itself.

We really need an IRS site to look up the Name Control in their computers. It's stupid that they make us guess what they have. I had several trusts I couldn't efile for name control rejection for years, and finally the IRS fixed the name in their computers and we were finally able to efile. I kept putting the reason for paper filing as the IRS has an error in the name control database, and I guess someone finally took a look and fixed it.