RitaB

Evan, in June 2019, I had a client to FINALLY take withdrawals to cover RMDs for 2017 and 2018. (They blamed the custodian, but come on, I told you two years running you had to take RMDs, the custodian probably gave you paperwork you didn't read, etc.) I completed Part IX of 2018 Form 5329 and attached a statement to it when he made the withdrawals in June 2019 (the due dates for both RMDs were in 2018: 4/01/18 and 12/31/18), and he mailed the Form 5329 by itself. I don't know the answer to your question, but I'd go on about my business and complete the 2018 Form 1040 and deal with the waiver request when the RMD withdrawal occurs.

If you’ll look at Form 4506-T, I believe Line 8 indicates you can get Wage and Income Transcripts as far back as ten years.

I just had a neighbor that my former partner let go after preparing the 2009 return come to me because his kid needed 2017 filed for higher education purposes: I know I'm a mess, the EA who's been doing my return is mean, will you please help me? Yes, as a matter of fact, it's July, and I like to eat, wear clothes, and live indoors. Let's see if we can regroup. LOL. It went very well. A lot of times it works out.

In the spring I had three clients call me shocked at receiving the penalty for not making estimated payments. After I hound them for years to make payments, and nothing happens when they don't, as soon as I ease off, this is a priority for IRS. "Oh well, I'll make the estimated payments; I didn't know." Uh, yes. Yes, you did know. Sorry, that's not helpful; I just wanted to say it.

I was thinking last week, "If only they'd go back to the old Form 1040." Fingers crossed. I apologized to a client just a few minutes ago for the 2018 forms.

You are correct. If the parents live together [and with the child, who does not provide over half his own support] and there is no dispute, either parent can claim the child and all the applicable tax benefits. Obviously, the one claiming the child may or may not be HOH. The benefits cannot be split.

Clergy deduct business expenses as an adjustment to Line 2 of Sch SE, see the third column of page one of the Instructions: https://www.irs.gov/pub/irs-pdf/i1040sse.pdf If you use ATX, right click the line to go to a worksheet to explain. I have to ask if there's an extra zero on the mileage. 55,000 miles is 150 miles a day for 365 days.

Paying with the amended return is the quickest way to stop interest from accruing, so that alone is enough for me to choose that option. Also, I think Murphy's Law will be in full force on the other option, and it won't be as easy as it sounds. That said, I have no experience with trying to get IRS to shift a payment to a prior year, just a strong feeling that it won't go as smoothly as it should, and you'll be wasting time on it in the future.

This email [from ATX support] was quoted by a member on the Facebook ATX Software Support Group 12 minutes ago. Hope this helps! Issue Summary: EFC Reject 38 Issue Resolution: We are contacting you regarding your support inquiry related to EFC Reject 38 when attempting to e-file with ATX. We have now corrected this issue and you should be able to e-file using the following steps: 1. Close ATX 2018 2. Open ATX 2018 and Login as Admin 3. Click Support>Customer Service Utilities>Refresh App Configuration 4. Recreate all Efiles and Transmit It is critical that you recreate the e-file. If you attempt to retransmit the previously rejected e-file, you will continue to receive the rejection.

No problems here since last week's thing, but I haven't tried submitting a 990 yet. I might try duplicating the returns and recreating.

Yeah, it was a short celebration. I'm getting the error message again, but I'm sure they're doing the best they can.

The is not the worst idea you ever had.

I was just now able to transmit three returns.

I read on the ATX Tax Software Support Group Facebook page that they are down for unscheduled maintenance. It's them, not us.

My pleasure! I had to look back at the 2017 forms to get a grip on where it goes. These new forms are the worst.

I think you recaptured a credit in the past (as a credit is a reduction in tax not a reduction in income). Ok, you caught that. The Instructions for Form 8863 talk about it on page 5. On the 2018 forms (grrrrr), you'd go to Form 1040, p. 2, Line 11a. Right click it and there's a worksheet. The recaptured credit goes on line 8 of the worksheet. Should print "ECR" to the left of Line 11, if I recall.

Yes! I hate when there's an amount in the middle of page 2 added with an amount from a Schedule and the result is sitting there in the crowd of numbers on page 2 mocking me like, "Good luck explaining how I got here." So awkward. The WOAT.

You know ya'll are always welcome! You play a mean corn hole. I'm pretty sure you and Donna won, and you are too gracious to brag.

I filed 318. Mostly 1040s with assorted schedules: A, B, C, D, E, F, H... A handful of entities: 1120S, 1065, 990). I filed 77 extensions. They won't all show up for prep, I'm sure. I have a commercial building in the [small] city limits, no staff. I work six days a week February - April 15. Office is open four days a week after tax season (bookkeeping / payrolls / putting out fires / maybe 60 tax returns). My office today looks like some crazy woman worked six days a week for 10 weeks. I send Posse approximately 3,876 emails a day. In the off season - 8,776 text messages. It helps me not cry. Also thankful for all of you - my friends and co-workers.

Yes, and thank goodness we are still free to decline business. If they tell us we have to do every return that walks in the door, guess what? Our prices are going up or we are getting out of the business.

I had a very good season, and I'm really thankful for the Comparison forms in ATX. Really thankful. I didn't have any trouble showing people that they got a tax cut. I think I had maybe three that would have done better with 2017 laws, and two of them were having meals subsidized by the rest of us, so I think losing the 2106 was a good change. People with legitimate EE expenses need to get help from the ER, not the tax code. I feel so badly for those of you whose clients came up short because of under withholding. Mine didn't have that problem. I suspect returns with AGI of five figures had fewer problems with that. And that's where I live and work, and we're not broke. Anyway I really still hate the new forms. Really, really. Hate. Them. So glad I had the Comparison forms. I usually started there. The alternative was going to be saying, "Trust me," a lot.

Something else I'll get blamed for. That has been an enormous PITA, not knowing all the ways to save them from repaying subsidies. Not knowing who's going to purchase insurance solely to avoid the SRP. Not knowing who's going to purchase private insurance when they would have qualified for APTC. Not even wanting to know because I couldn't even keep the insurance I didn't like, and why is all this in our laps anyhow? Guess when she picks up her return, I'll tell her that. Oh, wait, if she drops it Dec 31, and has an accident January 10, but the wedding is January 15... I guess she or whomever helped her sign up needs to read the FAQs online. She's in her 50's btw.

I am on your side. There was a better solution than this plan. I have also had insurance my entire life. Until 2015 when I joined a Health Sharing Ministry because the premiums for myself and two kids was $10,000 with a $10,000 deductible. I am on your side. And I know you're on my side, too.

This is the only good thing I see about it, and I'm glad that folks who've been responsible and always had health insurance but lost it due to illness can be covered. Even if it's very expensive for them. I'm sure they're happy to pay. I honestly don't know one soul in that category, but I do have several clients who've never had insurance, never wanted insurance, but got insurance they've never used, because they were afraid of the SRP. One has a return here right now, not picked up. When she dropped off I asked where her 1095-A was. "Oh, that went away this year." Me: Did you not have health insurance in 2018? She: Oh, yes, and it was free. Isn't that great?? I did tell her as nicely as I could that it most certainly was not free, not donated to you by Blue Cross and Blue Shield of TN, and if your income goes up, you will be re-paying the premium. She: What premium? I got her file out of the cabinet and pointed out to her the APTC she received in 2017. She had no clue. None. The wheels did start rolling around in her head, and she asked what would happen if she married her wealthy boyfriend. I told her. She decided she would drop the insurance if that happened.