Randall

Mine went thru ok.

Max, my question has to do with income tax, not estate tax. Yes, it's an asset included in the estate. But are the proceeds of a life insurance policy considered income to the estate and subject to the estate income tax (Form 1041). I know IRA and other retirement income is subject to the income tax on the estate but I'm wondering about life insurance proceeds.

Did you have to call ATX to allow the amended 1120S to go thru? I know when you have a part year final return, it shows as two returns under the same EIN in the same year (software year) and you have to call ATX first to allow it to go thru.

Can we efile an amended 1120S? ATX seems to allow an efile to be created. I would assume I would have to call ATX first to allow a 2nd return under the EIN to go thru.

Are you saying if the beneficiary is an estate, the proceeds are taxable on 1041?

In the K1 input form, go to the detail tab. You enter the two in separate columns. Same entity but you enter on two columns as if there are two entities.

I'm not sure what you're asking.

That's my understanding too. Thanks.

Just to confirm, life insurance proceeds paid to an estate are not subject to estate income tax. No 1099-R. Not reported as income on 1041. Correct?

I'll check that again. I checked it when I first got the error and didn't see any mention of it.

When receiving acknowledgements, I receive an error message that says 'Error in Enrollment updates', then Remote Server returned error 500 Internal Server Error. Anyone know what this is? Doesn't seem to affect my return acknowledgments.

After the efile is created, you can see a list of the forms to be filed with the IRS and state on the Efile Info form and one of the tabs.

Another option would be to actually sell the property to a 3rd party. Loses rental income stream but has lump sum cash on hand. May get a break on long term capital gains too. Close corp, final 1120S, final 1120S fee.

With the 1041, the trust will need it's own ein. Only one tax id on the 1041.

I think if you click on that little right arrow, the forms in question show up.

I have those forms in my client return. But the KY Bus EF Info form is showing approved and yet I can't create the efile. Do you know if we can efile the 741 this year?

Anyone doing Ky returns? Business info efiling form is showing not yet available. But ATX list of forms shows it as approved. I'm not sure of why the delay. Same is true for Fed 1040 ES.

For me, it shows up in red when I do the check return. Although I never got the message when doing a dependent's return not claiming self.

What is a client answers yes. Is there something else we have to do?

Thanks for comments.

Client went on a church mission. Out of pocket costs for flight, lodging, meals. I assume costs for himself but not for the family are deductible. How is this reported on the Form 8283?

I was just curious why it's blank. Wasn't it printed on the form previously?

I noticed this last year. It was on Sch 6 I think. This year it is back on page 2 of 1040. But even with the boxes checked on the main info page, it doesn't show up on 1040 page 2. Anyone else seeing this?

Anyone know anything about this? Do we need a signed form before efiling an extension for business entities, Form 7004?

Just loaded a Forms update, not a Program update. This seems to be corrected. SocSec worksheet now including amounts from Line 6.