Abby Normal

ATX screwed up the MD 502CR this year and I've let everyone I can know that they should have left it the &@#( alone because it was perfect in 2013. Programmers waste time 'improving' forms that don't need changing, instead of making real improvements because THEY HAVE NEVER PREPARED TAXES and they don't know what they're doing.

I would take contributions made while a resident of MD only. The way MD PY calc's work, it's a double edged sword. The lower you make MD income, the lower your itemized deductions and personal exemptions become.

Sounds correct to me but why on earth did they take the money out of the IRA instead of passing part of the IRA out to the beneficiary. Was there no beneficiary named on the IRA account?

Just use Ln 7-Wages tab.

Check boxes for final disposition of PTP and final K1. Also, the gain/loss should be on a 1099-B from their broker. AND the K1 should have a statement showing you how much of the gain is ordinary and needs to go on 4797 part II. If AMT is an issue, there is a number on the K1 attachments for that as well.

You can't amend from joint to separate after 4/15 or extended due date, but if joint was an error, you can amend anytime you want.

If you pay the IRA advisory fees with funds outside the IRA, you can deduct it, but it only makes sense to do this if the fees are large and you're already over the 2% limit because it both saves you taxes and leaves more money in the IRA. For most people it's smarter to pay the fees inside the IRA.

Unless they're working odd hours, you could connect remotely with TeamViewer (my current favorite) to their computer and transfer files your exports directly. Do exports contain all the same info a backup does?

Put it on the 1099-DIV and let it flow to the 1116. That always works for me.

Just report the distributions equally.

Done & thanks!

Was son on account as TOD or as joint owner?

Does the partnership have a joint checking account? Or even a separate checking account at all?

Fortunately, with partnerships there is automatic removal of penalties for late file partnership returns, so an audit should result in no penalties or tax.

More billing and letting the public know you know how to prepare returns.

Likewise, we filter efile manager by created and held to see what has not been sent. We also file extensions first of March and first of April.

We just check the efile screen in ATX and see what has not been sent, especially when it's the last few days.

I'd bet 99% of those people could survive two weeks without their refund.

Agree with keeping it brief and clear, as all business communications should be. But I've had plenty of intelligent and competent IRS employees help me over the years, and I am truly grateful for them. It can be a difficult job.

Personally, I love efiling for the instant receipt acknowledgement. I've also had cases where taxpayer was unavailable at the final deadline and I've had them email me authorization to transmit with a statement they will sign the efile forms when they return. I also like that I don't have to rely on an unskilled IRS temporary worker properly entering the return.

You ladies are too cute! You're gonna hate paperless.

No because you have to file them directly: http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html

If he's still breathing it's his.

Tis a good feeling! What the heck are efile stickers?

Ok, I laughed.