Randall

Are we just unable to file a return with depreciation? Can we complete the return, have client sign 8879 and then file when given the go ahead?

Is it something to do with a return with depreciatio? I saved it before, and checked the return, then was prompted about attaching a pdf file to the efile. Was looking around on how to do that and then had the problem.

No, everything is there. When I clicked the check return, the program closed.

Same here. Happened when I did a check return.

When I sign out of the forum and later come back, I see I'm already signed in. This has only started recently. Not sure what's going on. I tried signing out, then come back to the forum right away and I see I need to sign in. But if I wait awhile before coming back to the forum, I see I'm already signed in. Anyone else seeing this?

I think this was discussed in the past. Client paid some individual subcontractors during the year. Doesn't have the ID and address. Person no longer doing any work for the client. Client can't track down the person. I know I told him many times to get the W9 before paying anyone. But here we are. Do you prepare an incomplete 1099 with only name and amount paid? Do you NOT prepare the 1099? Do you still take the deduction on client's business return. I seem to recall some saying he is still entitled to the deduction and some saying they would not take the deduction. The new forms with the question about 1099s comes into play as well.

I think I came across that ruling too. I agree this is more complicated than the general overview of the idea. That's why I'm trying to get to the heart of it. Some elder law specialist is proposing this and I was wondering how they would get the Sec 121 exclusion. Personally, I wouldn't want to fight the IRS if it were disallowed. I suppose some people have bought and sold several homes along the way and the would be gain on their most recent residence would not be very much. But for someone who bought their home 50 years ago, it could come back to haunt them. That's why I'm leaning heavily against such a thing.

Yes, but if the grantor has the right to terminate, would it be an irrevocable trust? I've read some things that certain retention of control would allow the grantor to report the sale of house and use the Sec 121 exclusion of gain. Not sure how that would be reported if house was titled in the trust and the trust sold the house, who would report the sale, trust or individual? Trying to understand this 'idea' that has recently been proposed to me.

Can an irrevocable trust be a grantor trust? If personal residence is transferred to an irrevocable trust and the trust sells the house, can the Sec 121 gain exclusion be used by the trust? Or will gain be taxable at trust tax rates?

I'm not sure anyone can break into the market like that anymore. ATX and others made it and then sold to bigger companies for big money. Even if someone did come up with a new program that was very good and low cost, they would eventually sell and cash out.

Form tabs on top were the default in the past. You had the option to move them to the left side. They made the default on the left this year supposedly because they got a lot of feedback that was preferable. I like them on the left myself.

CCH sent out a summary that is saying the $400k/450k numbers are taxable income, not AGI.

Paperless. Scan It all. I'm only one person so I don't have a file management program. Just use windows explorer files. Folders for business tax, personal tax, etc., subfolders for client names (alpha divided into 4 groups), subfolders for year under each client (and a permanent file folder), under the year, various category folders for different types of info. Backup to external HD, alternating two at home and office. All encrypted.

Yes, Jainen. And the media and people fall for this because they don't understand any of this at all.

I saw this coming two years ago. I wondered why they didn't extend the extenders three years so everything was synced to the same expiration date, 12/31/12. Oh well.

That sounds like a good idea, the TEST return. Thanks.

I was wondering about that client too! What is the max shell loader?

Don, my point and I think IRS's approach is that they have extended these things at the last of each year for some years now. The expectation is that they will do so again this year. Yes, it would be nice fo have fiscal integrity and stability. Good luck with that one.

All the news is about the fiscal cliff and things that will affect 2013. But these extenders that expired 12/31/11 need to be addressed for the 2012 tax returns. Hopefully, they'll take care of this even if we go over the cliff on the other things.

I haven't loaded my 2012 ATX yet. But in the past, my current year ATX doesn't have a user or password prompt, but my prior years seem to prompt me for a user name (not a password). And I don't remember ever establishing this for any year. It's strange. It sort of just happens when I load the new year's app. I'll see if my 2011 ATX does it when I load my 2012.

Thanks for all comments.

My office desktop is W7. I have no intention of upgrading it to W8. I am thinking about a laptop and that's why I'm interested in comments about W8.

DevM, Does your laptop have touchscreen? Which laptop did you buy? How much ram? HD? the traditional HD or the ssd (solid state)? I'm looking at laptops? I'm finding you have to be careful because so many of the offerings (with W8) don't really have the touchscreen. Those with touchscreen have limited ram and either the traditional hd or a small ssd.

I changed the subject line from the 2012 ATX subject. Jack, Does ATX, QB, Peachtree and programs like that have any problems running on W8? Does W8 have crash problems? stall or close out programs? Are there installation problems installing these programs with W8? Any problems with multiple programs open in W8? I think Vista did have some of these problems.

Jack, I agree on Win8 and Touchscreen. Don't know why you would update an existing W7 machine to W8. Don't know why you would want Win8 without touchscreen. Have you seen any problems with Win8 running our normal business programs? Crashes? or problems like that. Not the usual, it's too different, too much new to learn, don't need touch, fingerprints on screen. Most of the criticism I'm hearing is stuff like that. Any real processing type problems?