Randall

Did they sign the 8879 and has the return been filed yet? If not, I would hand them their documents and tell them to get a second opinion and have them file elsewhere. I would take back the copies they have.

Does the energy credit still apply when MFS? Is it cut in half for each spouse. I saw something in the instructions about joint ownership or spouses living apart in two separate houses. But I was wondering about one house, married couple living together, just filing MFS because of Ohio being being beneificial.

I think it is the lower of 3: allowance, FRV and actual cost.

Yes

My client's modified AGI is over 400%. Line 6 is blocked out. Last year if income was over 400%, they did not qualify for the PTC. But due to circumstances last year, they waived any payback. This year, he is apparently eligible for the PTC. His amounts on 1095 are the same for all months so I entered the totals. He got credit advances each month and ATX Form 8962 is calculating he gets even more, almost as much as the premium total (counting his advance).

Instructions for 8962, What's new says for 2021 and 2022 taxpayers with hshld income that exceeds 400% of the Fed poverty line may be allowed a PTC. So I guess that's something new they are allowing and why line 6 is blocked out.

No and none in 2020.

Last year, client did not qualify for PTC but received the advance. Did not have to pay back the advance because of covid or whatever they said. This year, similar income, appears to qualify. Received advance and 8962 says he'll get more, much more, nearly all of the premium. I see on 2021 Form 8962 line 6 is blocked out, reserved for future use. 2020 Form 8962 line 6 has a question if over 400%, he does not qualify. Did I miss something, a change in this to allow more PTC?

I've not had this problem. I had clients both ways and the rollover seems to be correct.

I was afraid of that.

I wonder if it is because the daughter manually filed her Dad's 2020 return and it's probably in the backed up unprocessd returns at IRS.

Yes, thanks Abby. I didn't know that. Saves time calling ATX and all that.

I got an efile rejection, account locked out because SSA says he is deceased. The return includes date of death and 'Deceased' on top of the return. I've done this in the past and the returns have been accepted. Anyone else receive this kind of rejection. Is it something new IRS is doing?

Not sure what you're saying about the rollover. Are you saying if you have the new forms and the new year ATX program and the client's short year is for that year, then I agree. Since the last year filed would have been a full year (2020). I was thinking about if the 2021 year is a full year and you want to file a short year for 2022, then you would already have done the rollover in the 2021 software and the 2022 forms and software would not be available. Then you would have two returns in the same software year with the same tax id. This is when I think you would need to call ATX. Maybe the original poster was a situation where the rollover would work.

I restarted my computer. Seems to have done the trick.

Anyone else seeing slow transmitting from ATX? Several times today, I transmitted efiles and waited and waited until finally getting a message that I was timed out.

It didn't automatically load in one of my SCorps. But when I hit the add forms button, I saw them available. My question is do you add them to your return even if they're not needed? And is there a question or tick box to check regarding international activity?

I think you can efile the short form. If you use the same year software (previous calendar year), you'll have two returns in the same year. But if you call ATX (or your software company) and tell them about the short year, they can open a 'back door' so you can efile the return.

I just did this for an S corp. Only one shareholder. The 7203 info was imported and I double checked it with the Basis Statement in the 1120S. I attached it as a pdf. Haven't efiled it yet. Working on the shareholder 1040 now. I don't know if this was from a recent ATX update or not.

So far, none of my clients have moved from one state to the other. I'm in No. Ky near Cincinnati. I only have a few Ohio clients.

And on the attachment, name it 'ACA Explanation'. That is if your situation pertains to this.

The efile may clear ATX but not IRS.

I didn't find much about a binary attachment. I guess it's all tech jargon. But I did find a fix. I first tried to include Form 8962 but it couldn't be included in an efile for MFS. So I used the Elections/Statements to make a statement. It was included in the return but I also printed it in pdf format and attached it to the return with the title ACA Explanation. Apparently it worked. The return was accepted by IRS. I just don't know which one of the two made it work. So if anyone else has this situation, I hope this helps.

Married clients filed MFS. His return included Form 8962, was accepted. Her return did not include Form 8962, was rejected by IRS. Message reads The e-File database indicates that Form 8962 or a binary attachment with description containing ACA Explanation must be present in the return. What is a binary attachment? I tried to load Form 8962 into her return and click on no PTC. But it will not allow the form.

ATX is showing 3/7 availability.