Abby Normal

All I know is that it's very expensive compared to the options available. We haven't started it yet. We just securely email the forms, the client prints, signs and scans, then securely emails it back to us, or faxes if they prefer.

I don't think that's possible in ATX.

I bought a Canon scanner a long time ago and it didn't last very long. Never again. I never buy multi-function machines because the scanning is usually slower and poorer quality, but mainly because, if you buy a separate printer and scanner, and one fails, you don't have to replace both.

I go to the EF form for federal and choose the 'Included Efile forms' before printing so I see what forms are being sent to the IRS. It is still visible when you bring up the print dialog. Then I print just those forms plus W2 summary by payer and 1099R summary by payer. In addition, I'll print some some worksheets, depending on the return, but I keep it to the bare minimum. I used to print a full return to PDF for myself, just in case something went wrong in ATX, I'd have something to compare it to, but I never needed it, so I stopped.

Client should have noticed that the 941s were still in the name of the sole prop, unless that business name was the same for the partnership. I wouldn't amend anything because the W2s tie to the 941s, and there's no additional tax due. Might send it all in with a letter to the IRS to see if they care to fix it, but I'm guessing they're not. And I second the method proposed by Tracy Lee, because I've done exactly that for both Sch C's and 1065's.

The problem is know whether it was included in the proceeds or basis by the broker.

They should require this info on the 1098 if they want people to actually go through this mess. 1098 should show beginning balance, ending balance and average balance, and also, refi costs rolled into the loan. Thankfully, very few people itemize these days.

ATX does handle this. The struggle is getting the average loan balances and the non-acquisition portion of the debt.

You should do what you know to be right. Tax documents frequently contain errors.

It's all straight line depreciation so it might not make any difference in the tax, but if they want to show the full 19,000 then they have to allocate 19,000 of the sales price to the building. That's probably the best thing to do.

Land was never depreciated, so all recapture goes with the building, which only had a 5,000 gain, less prorated selling expenses. This needs to be two separate assets.

Distributions in excess of AAA (NOT basis) go on line 7 of the Analysis of AAA worksheet, in the Timing Differences column. No need to override anything.

Apparently it's called a post filing coupon (PFC). https://www.in.gov/dor/search-results/?profile=dor&query=post+filing+coupon&collection=agencies1

The IRS's databases of names, EINs and year end dates, appear to be missing tons of data, this year. I had to do some finagling to get a 7004 to go through, after getting a 'year end date does not match' error on the reject.

That is something I have never heard in over 40 years. This scenario is exactly why we have safe harbor amounts, and I have never seen that fail. Never.

I always tell them that they CAN pay the tax now, if they choose, or they can earn some interest or dividends on the money and pay it 4/15 of the following year. But, yeah, safe harbor estimates is all I would recommend, but some clients are really bad with money and they feel better paying it early. And tell them that this CPA said that you would only use the annualized method for calculating 2022's underpayment of estimated tax, when there's a large amount of income in the 2nd, 3rd, or 4th quarter, not in the first, because it would make the penalty higher than the normal method of spreading income evenly. BUT the IRS can't penalize you if you meet the safe harbor. And next year, when you're proven right, they'll think, wow this guy's smarter than that CPA! And they'll tell that story to family and friends.

Oh, if you accidentally mess up any return, or just have a problem with a return, just use the Restore a backup function, and make sure you use the one from before it messed up. ATX creates a backup every time you close a return. This is why I will close and reopen large returns every 20-30 minutes or so I have a clean backup in case the return has an error.

Never seen that before. When did they add that? I've always just checked the box on the 1065 for amended. >Use Form 1065-X, if you are not filing electronically https://www.irs.gov/forms-pubs/about-form-1065-x

If you mean at the windows file structure level, you can't because ATX is a database. What are you trying to accomplish?

One thing I do is override line 3a Rent income instead of using the 1099 or the Other Income tab.

There is no form 1065X.

So I could swing by New Orleans on my way out to visit friends, and also visit a dear friend in Dallas! I vote for Tom's place, but it's clearly a selfish move on my part.

I think it's someone else's turn to host. @Richcpaman has a pool! Maybe @Gail in Virginia would be centrally located. Don't get me wrong. We'd love to visit Rita again. We had a great time in the area with many fond memories.

Don't they have books from QuickBooks or other software? Print out a balance sheet and see what it should be. My guess is their books are a mess and previous tax preparers never adjusted their books to match their tax returns. In which case, I would either decline the client, or extend and tell them they need to pay you to fix their books, before you can file any returns.

This makes no sense to me. Did they have PA withholding? If not, just file MD as if the worked in MD. If they had PA withheld, file nonres PA to get refunded and file MD like normal with no credit for taxes paid to PA.