GLGACCT

Thank you for the response. I put it on extension and will review after this week.

Found this on another site: The Rejection Rule F5329-006-01 is an issue that happens when the waiver amount is equal to the minimum required distribution amount and no excess tax is calculated on Form 5329, line 54b. The same could happen with line 54a. This will be addressed with the next 1040-US update. Has anyone done a missed RMD and successfully e-filed with waiver?

Efiled return gets rejected F329-006-01 If the value of Form 5329, AllOthQlfyPlanRqrDistriAmt minus AllOthQlfyPlanActualDistAmt + waiveTaxOnExAccumQRPStmtAmt on AllOthQlfyPlanExcessAmt is greater than or equal to zero then AllOthQlfyPlanExcessAccumAMt must be equal to the value multiplied by 25%. Requested waiver but can't efile. There is an amout on line 54b RC. I must be missing something Any ideas

I believe you do not account for this on the 1041. In NJ you account for inheritance tax on the NJ IT-R. See website https://www.nj.gov/treasury/taxation/inheritance-estate/inheritance.shtml As Tom and Sara, suggested, you are missing information. You will need to see the will and prepare the NJ-ITR to calculate the inheritance tax first, no double dipping. Then move onto the 1041. The website above has most of the information you require.

Client paid taxes owed to the Treasury last year, then paid the state taxes to the Treasury as well. Account Transcript shows the overpayment, but it has not been returned. Should the overpayment be applied as estimated taxes for this year even though the transcript clearly marks it as a payment, code 670 or any other thoughts on getting the overpayment back?

It is my understanding that codes can be reset if you lose your phone. Here is a brief video from the solution center. https://support.cch.com/oss/sfs/video/U7mpfMUm17s

Kofax Power PDF may work for you. They are now Tungstenautomation they still have a free trial. Here is an old post with some details from a prior year. https://www.atxcommunity.com/topic/30243-atx-questionnaire-users/#comment-196790

Here is a useful video to set up and also to reset codes. Unfortunately, no help with two computer. https://support.cch.com/oss/sfs/video/U7mpfMUm17s

Tom, your thinking is consistent with mine. The way the client's son was explaining it to me, the NJ lawyer was having an issue with putting it on her personal return Sch E. I wanted to check to see if I was missing something. In hindsight, the son may have misunderstood the difference between revocable and irrevocable. Thank you for your response.

Tom, the will states everything goes to revocable living trust through a rest, residual and remainder clause. Note the NJ property is actual a rental property. The trust document states son gets NJ Rental Property and daughter gets Florida home. The son and NJ lawyer were skeptical about titling the NJ Rental Property in the Trust as NJ is very easy to probate. Any concerns with or without retitling the property to the Trust? No real value associated with personal property. Agree with the IRAs and bank accounts, as most are joint accounts with the son paying all of the mother's bills, it was suggested to move one account into the Trust. Thank you for your response.

Client Mother lives in Florida, Client Son lives in NJ. Daughter lives in Florida and is not a client. Mother and Son created will and revocable trust to place her house in Florida (has mortgage) per daughter's wishes. Client son just read me the will and some of the trust documents. Both being dropped off today. Will states everything should go to the Trust. Son's NJ lawyer is questioning whether a NJ rental property (has mortgage) should be placed in the trust as well as the small bank accounts and small IRAs. All accounts have beneficiaries and or TOD/POD designations. House in Florida is in the Trust already. Do not know if the lawyer requested an EIN. Son will get NJ property and one Ira and Bank account. Daughter will get Florida house and one Ira and Bank Account. Son and NJ lawyer are questioning funding the remaining items to the Trust including the NJ rental property. The daughter was concerned with the Florida probate rules. Any ideas on how to address?

See attached link from the IRS https://www.irs.gov/businesses/small-businesses-self-employed/lost-or-misplaced-your-ein Your client will have to call

It depends on the area of the country and checking the model number to see if it is energy star efficient. Click on the link provided in the previous post above. Right above filter your results, find your climate zone it will say click here. Enter category, state and county. Once you know your climate zone it will also provide the energy efficient criteria for that zone. Next select skylights in this example and look at the brands listed. Once you find the brand, click the link for more info, this brings you to a different website and you will see a list of model numbers and what zones are energy efficient. You can also go to the manufacturer's website as well. Some certificates can be printed from the energy star site, others you need to go to the manufacturers site.

Try this website make sure you pick the right climate zone: https://www.energystar.gov/most-efficient/me-certified-windows/results?is_most_efficient_filter=Most Efficient

Thank you. I have passive selected. I may try duplicating a return in 2023 to see if it is isolated to 2022 ATX.