Randall

I can't imagine this. What will people think of next.

When inputting info from Box 9c on a K1 Schedule, ATX input sheet says this in not linked. But when I go to Sch D, for the line 19 worksheet, it does appear it is linked. The amount is already there. Anyone know about this or experience this? Just making sure I'm not missing something.

Thanks BrewOne. That worked.

I'm having that same problem. There's no update. Message says version 23.24, minimum version required 23.25. Is there a way to see what version I have?

Good idea jasdlm. I just had that situation in real life. Husband died. I wasn't thinking about the ES vouchers until they printed out with just the spouse name. I was wondering how I was going to get them only in her name but the program did it automatically. Of course my DOD was real.

I've been winding down the past few years. After April 15, I've been on slacker time. I was trying to wind down during the busy season but it hasn't been working. Only a month left. But who's counting, besides me.

There's Heinlein's The Moon is a Harsh Mistress. I think the computer on the moon running the mining operation 'comes alive' and takes over. I like Kirk talking the computer into a loop and the computer burns itself out. Where's Tron when you need him.

When I set up an amended 2022 return, and create the efile, both 1040 and 1040X show up as efiled items. Is that correct (ATX)? When I go to create the efile, only the 1040 and state form show up. For Ky now, there is no separate amended form, only a box to check to say it is an amended form. Does the IRS get both the 1040 (new amended one) and the 1040X?

Medlin, good question to add to the questionnaire. I'll try to recommend it to ATX. I don't like to add my own questions.

I'm seeing a lot of employers reorgainizing or changing names or whatever. Even if the client didn't change jobs, they would get two W2s. I think this may have happened with my client. I was just a little surprised it would be this long for something like that to just now be caught by IRS.

How long does it take for the IRS to match W2s? Got a call from a client. He received a letter from IRS about his 2022 return. Apparently IRS has more W2 income than we showed on the return. Spouse had 2 W2s but apparently there is another. He's going to try to get all the W2s. But it seems the IRS should have matched this up a long time ago.

There never seems to be any scholarship documentation as to what the scholarship money is allowed for. I have thought in the past if the scholarship allows to cover other things such as room and board and other living expenses, then it wasn't income. But the scholarship document must say so. Is there documentation about various scholarships?

I guess I missed something. Are these energy credits still ok for 2023? I was thinking they went away and were caught up in that stalled legislation that's been on hold.

Client went on Medicare during the year. Both he and spouse were on the market place for health insurance. Wife remained on market place for the whole year. They received two Forms 1095-A. One form shows both thru October. The second form shows only one person for the last three months. Do I combine these on one Form 8962 or do I create two Forms 8962?

Add in whatever's going on in Alabama and whoa nelly.

Thanks.

Thanks for the reference.

I assume it is officially $18,000 for 2024. Per the IRS website. My US Master Tax Guide said only that it was projected to be $18k.

That's what I was thinking. Page 20 of Pub 54 gives an example. Someone on another discussion group is saying he can only exclude income from Jan thru April of the 2nd year. That doesn't make sense. He excluded income from April to Dec 2022. And was over there until Dec 2023. Why couldn't he exclude income from Jan thru Nov 2023. If he qualifies and you use the overlapping 12 month continuous year to qualify each tax year (both 2022 and 2023).

This is a different client from BBall player mentioned earlier in a post. Can the same twelve month period overlap for two tax years? Client was outside US from April 2022 to April 2023. We used that 12 month period for his 330 day period. And filed his 2022 tax return in April 2023. He remained in that country until Dec 2023. Can we use the calendar year 2023 for the 12 month period where he is out of US for 330 days. And qualify for the exclusion in 2023 also?

Many of these firms are buying each other out. Clients should have two 1099s from each company in the year of merger. After that, only one, if they only have one account.

Does anyone have a client playing professional basketball in a foreign country? I am getting inquiries from a person playing in Lithuania. Actually my grandniece’s husband. They went over there in midyear 2023. Will be back in US in May, 2024. I asked him to get info, documents they will provide him, etc. I’m think he may be eligible for the foreign earned income deduction first, then maybe the foreign tax credit. Just wondering what kind of documentation these foreign basketball teams provide. Is he considered an employee or a self-employed person?

Yes, I did that several years back. Client had two properties, both rental and had PAL carryforwards. Sold one, but took the other out of rental to live in. Got the PAL freed up on one, but the other was taken out of service but not disposed, so the PAL carryforward on that one is still there.

Me too. I looked at Drake back in 2012 (when ATX was having problems). ATX cleared it up and I stayed with them. I'll try to stick it out with them the rest of the way.

But doesn't Walter Kluwer own CCH (which used to be Commerce Clearing House)?