Randall

I'm not a programming guru. But I've heard ATX uses a spreadsheet type of program. I think this is generally slower. I think it just gets hung up in itself and doesn't know which step to go to next, then gives you the warning to close. I thought about switching a few years ago but just don't want to go thru the learning process. I only have a few years left so I'll just stick with ATX and put up with it.

Thanks for the comments.

Sent me a link!!!!!

Just to reassure myself, there is no limit on income to contribute $6000 to a nondeductible IRA? Client wants to contribute, then convert to Roth. Something about investor strategy called a backdoor Roth. Ha.

Yes, the taxed income (minus exclusion) is taxed at the higher rates as if the total income were taxed.

I am on that group but I haven't been paying much attention to it. I should start to look at the postings more. Thanks.

Thanks for comments. I was unaware that the excess scholarship income would count as earned income for purposes of calculating the SD. As a matter of my normal routine, when there is a long wait between completing the return and client coming in to sign the 8879, when ATX forces me to recreate the efile, I always compare the return in the program with my pdf copy I had made previously. When I saw a difference, I starting looking. Yes, Terry, the program must have recalculated when I opened the return.

I prepared a return for a dependent. Excess scholarship as income on line 8 from Sch 1. ATX calculated the standard deduction with W2 income plus $400. Parents came in and dependent came in over a week later to sign 8879. ATX made me recreate the efile and when I did, ATX used the excess scholarship income (as earned income) and increased the standard deduction up to the full amount. I guess ATX had a recent update. Anyone else see this. Just a heads up.

I see that the printed statement prints out under the Blank Statements tab. But there is still no statement for the K-3.

I see that box to check. But where is the statement? I can't find where to print the statement. And what about K-3?

What constitutes these transactions? Does a company making a tangible product, ships to a foreign customer for a sale? If the company in in US, does all activity in US, point of sale in US, does no reporting to a foreign country, pays no tax to a foreign country?

Ha, I plan to come in really early to get a couple of hours work in before they start. Then I'll take a nap and run some errands.

At least this year, we don't have all the stimulus and temporary incentives. Ah, but for me, my office building (a house converted to offices) had a water pipe burst several weeks ago, no interruption to my work but now they're having an electrical wiring test Friday, should take over half day, no power. I'll have to be out.

I don't bother unless there is state tax withheld.

Wasn't there a waiver last year to pay back any excess advance PTC? I thought that extended to 2022. I'm seeing now that if income is greater than 400% of poverty amount, excess needs to be repaid.

It's March 1 now. Feb seemed to take long.

I have 2 statements, one for K-2 and one for K-3. Both are attached to the return. I print an extra statement for K-3 and attach to each K-1.

I don't do them either. Send the client to the website. I do the reporting if needed on the return.

Sounds like the client (father) is ok. It's the son who's a pia. Tell the son he can advise his father to use someone else.

It still happens to me sometimes. I have recently tried to open ATX and get nothing. Clicking on the icon and nothing happens. I've restarted the computer and all is well. This is a new thing and has happened twice now.

I don't think ATX has any options to check. According to IRS instructions for 1120S and 1065, we can attach a statment for K-2 and K-3 exception. ATX has a Blank Statment option that I'll use for the statement. This will go with the efiling so I don't have to attach a separate pdf.

Whew! I stopped doing 990s years ago. Recently turned down a request from a nonprofit 990.

Years ago, my own client sent me a 1099 for $900 with the cents showing. They used QB with a very small font. I received a letter from IRS showing it was $90,000. I almost fainted. I sent a letter with a copy of the 1099 enlarged so the decimal showed up better. IRS accepted my explanation. Whew!

What ATX files are you referring? Is this in the ATX Program Data (WoltersKluwer) file?

Client back in States early part of 2022. Will not meet the 330 day test in 2022 but will by May 1, 2023. Can he still file before that date and get the pro-rated income exclusion for 2022?