Randall

The Form number suggested for a security question seems like it might be easily determined by the spammers.

I would think it would get easier in future years. To my understanding, for 2014, only insurance acquired thru the exchanges are required to send Form 1095. But for future years, all insurance companies (exchange or not) will be required to send the Form 1095. So after 2014, we should know if a client has insurance or not and what type of coverage from his 1095.

Thanks for this post. If I understand it correctly: Assuming less than 50 employees. If the S Corp continues to have an eligible group plan, no change, process the shareholder W2 as in the past, take the above the line 1040 deduction. If there are more than one employee with insurance paid or reimbursed and plan is not an eligible plan, no deduction for the shareholder/employee. If there is only one shareholder or only the shareholder employee is being reimbursed, general indication is that the deduction is available as in the past. But this is still debatable until further clarification. Recommendation from the report is that there should not be a deduction as a precaution.

What is BASE? And is there any other info on this?

Some fund companies are offering funds investing in MLPs where the investor does not receive K-1s. It's a way for this investment exposure and by-pass the K-1 hassle. Something they might want to look into.

I looked at the video and I previously read an article by someone testing W10 beta. It seems to me to be cosmetic. I agree with Eric. It's mostly marketing. I think skipping the number 9 and going to number 10 is merely to make people think there are major advances and they are safe to move forward.

cbslee, where can I see this video?

I agree Eric. I've looked for articles regarding technical problems with the system. I haven't found anything. Just the usual cosmetic stuff about the tile screen and no start button. Personally, I like the new tile screen. I have a touch screen and it is quite handy for a lot of things. I still use the mouse and keyboard shortcuts. One short cut people might want for the 'start button' is MS logo key + X. Pop up menu shows up that should help.

I can't guarantee no problems. I've had a laptop running W8 and done a few returns with ATX the past tax season. I recently purchased a desktop with W8 and done a few of the 2013 extended returns running W8 on the desktop. I have not noticed any problems. That's not to say there won't be problems.

Kentucky doesn't have the capital gains special rates either.

Doesn't apply to the current topic, but another reminder NOT to put real estate in a corporation.

I don't do any work in the field. I use my laptop at home, desktop at office. If I need to start doing mobile work, I'll use my laptop for now. It's an ultrabook type so not too heavy and bulky. We'll see how future models of the surface come into play.

Federal return accepted. Just sent the state return.

When efiling a 2012 return, does it usually take a long time for the process? I transmitted a return yesterday. Acknowledgement says transmitted to EFC but not yet to Agency.

I have at least one.

I agree Jack. I rarely have to go back and do an old return. And I don't take new clients who aren't current with filing except maybe one year back.

When I get a new computer, I only put the previous year ATX on the new computer for rollover purposes. I keep my old computer with the older ATX years in case I need to use that program.

I think most E&O Insurance policies require you to contact them when you are first aware there might be a potential conflict. You may want to call them and run your situation by them before proceeding further.

The tech stuff may have us all wowed into thinking we can solve all our problems. The problem is us.

My reason for not liking Apple is that they stole their name from The Beatles.

If it's the client's fault the return is late, the penalty is their problem, not mine.

Thanks Jack. I'll need that.

Just 2013. I'll use my old computer (W7) for earlier years work. And for you Jack, my new computer is W8 with touch. Ha.

Just got a new computer, loaded ATX. Which is the better way to get returns loaded on the new computer, Backup/Restore or Export/Import?

KC, maybe so. There's a lot of things unknown here. But I took some things from it in my own way. I took it that he fired the person on the spot in the field. If so, I have a negative view of that approach. I also have the perception that small firms are poor in training, assume staff know and understand more than they really do. That may not be the case here. I really don't know in this particular case. I got his point, I was just thinking maybe there's a lot more to the whole story. He may have a point about the staff person's focus but if he were saying this in a Q&A lecture format, I would have a lot of pointed questions for him as well.