gfizer

So far we are still open for people to drop off information or sign returns but it's been pretty quiet. I emailed the kysafer.ky.gov website yesterday and explained our process and procedure to make sure we were compliant and considered exempt from the order as a professional financial service but I have yet to hear anything back from them. I imagine they are swamped.

Thanks for that info, Margaret. Being in Kentucky near the Ohio line I do a few Ohio returns so I was wondering if they had extended. Stay safe and healthy!

Governor Beshear ordered all non-essential businesses in Kentucky to close by 8 p.m. tonight. Financial and professional services are exempt under the order but he stated in his press conference that he felt that most accountants could work from home. Payday loan services are allowed to remain open. Surely I am as important as a payday loans service

According to the local news alert I just received Secretary Mnuchin just announced that the tax filing deadline has been moved from April 15th to July 15th. He said on Twitter that, "All taxpayers and businesses will have this additional time to file and make payments without interest or penalties."

I’ve set up a verifyle account to use in the midst of all this, including the ability to do digital signatures. I sent my first 8879 to a couple today and she says it’s only set up for her signature (I used her email as the contact) and she can’t figure out how to set it up for his signature too. Anyone know how I make this work?

I suspended all face-to-face appointments and went to drop-off or secure file transfer only starting today. I have a fairly large elderly client base so I am offering to pick up information for those folks, although the majority of people I've seen out and about are the over 60 crowd.

I noticed the same thing early on. Weird. Not sure where they came up with that date.

I have had this situation several times. I simply paper file the parent's return claiming the dependent and at the same time mail in the amended return for the child. The parents receive their income in the same time frame as any paper filed return. This very thing is the reason that I prepare a child's return for free when I do the parent's return.

I have an Old Order Amish client with 8 children. He works for an Amish employer and both are 4029 exempt. The employer issues a W2 form showing Box 1 wages but no social security or medicare wages, which is correct. When I input all of this information in ATX the software tries to allow him the refundable additional child tax credit. If the earnings were from self-employment this would not be the case but I am supposing the reason it is allowing the credit is because these are W2 wages. I still believe that the 4029 exemption disqualifies him from refundable part of the credit but I can't really find anything definitive and that I simple need to override the credit on the 8812. Anyone have any thoughts or experience with this situation?

No - you add the amounts from BOTH 1095A forms to arrive at the figures to put in columns A & F of Form 8962. Both 1095 A forms should have the same amount in Column B so you use that amount (don't add the two forms) for column B of 8962. Be sure you actually have two different 1095A forms and not 2 copies of the same form.

(Column A - add amounts from all forms 1095-A and enter the total; Column B - all 1095-A forms should show the same amount for the SLCSP premium so enter the amount from column B of only one Form 1095-A; Column F - Add the amounts from all 1095-A forms together and enter in column F) FROM THE INSTRUCTIONS FOR FORM 8962: "Column (a). Enter the annual enrollment premiums from Form 1095-A, line 33, column A. If you have more than one Form 1095-A, add the amounts together and enter the total on Form 8962, line 11, column (a). This amount is the total of your enrollment premiums for the year, including the portion paid by APTC. If you or a member of your tax family was enrolled in a stand-alone dental plan that provided pediatric benefits, the portion of the dental plan premiums for the pediatric benefits will be included in the amount in column A on the Form 1095-A that reports the coverage in your primary health plan. If your plan covered benefits that are not essential health benefits, such as adult dental or vision benefits, the amount in this column will be reduced by the premiums for the non-essential benefits. Column (b). Enter the annual applicable SLCSP premium from Form 1095-A, line 33, column B. If you have more than one Form 1095-A, enter the amount as follows. • If individuals in your coverage family enrolled in more than one policy in the same state, you will receive a Form 1095-A for each policy. The Marketplace should have entered the same SLCSP premium, which applies to all members of your coverage family, on each Form 1095-A. Enter the amount from column B of only one Form 1095-A—do not add the amounts from each form. However, if you got married in December of 2019 and you and your spouse, or individuals in your and your spouse's tax family, were enrolled in separate qualified health plans, add the amounts from Form 1095-A, column B, for each plan (or plans) and enter the total. If you got married in a month other than December, your applicable SLCSP premium may not be the same for every month. If it is not the same for every month, you cannot use line 11. • For individuals enrolled in qualified health plans in different states, add together the amounts from column B of the Forms 1095-A from each state and enter the total on Form 8962, line 11, column (b). Column (f). Enter the APTC amount from Form 1095-A, line 33, column C. If you have more than one Form 1095-A, add the amounts together and enter the total on Form 8962, line 11, column (f)."

Client has a geothermal system which was installed several years ago. He had to have the compressor replaced this year to the tune of $2000. As a repair, would this qualify for the energy credit? I'm thinking no but of course the client thinks yes.

None of mine filed on 1/31 have been accepted either

Same problem here. I'm only seeing it when there is a Schedule E in the return.

I received the Tax Book but there was an additional charge for it.

I wish when it tells you some of the forms in the return are not approved for efiling that it would tell you which ones. I'm not expecting to be able to efile Form 741 this year. I wish we could. Those are about the only forms I still paper file.

I had the same problem last year (and many years prior). Upgraded to a new computer this year and haven't experienced the problem so far. Fingers crossed!

Having the same issue here. I see that ATX says that forms 720, 720S and 765 have been approved but are showing an expected release date of 2/6 which is tomorrow.

I have in the past issued the 1099 forms showing REFUSED in the box for the SSN/EIN and advised the client not to use the contractor again without FIRST obtaining the W9. It's been awhile since I've had this issue but If memory serves you won't be able to efile the 1099 form but will have to paper file.

Federal forms have been released but some states may not yet be available. Kentucky isn't yet.

I charge $25 per payroll tax form, $25 for 1096/W3 plus $10 for each 1099/W2 form if the client provides all of the information and everything can be filed online. If I have to run down a bunch of information then I charge an hourly rate for the leg/investigative work.

Prayers for you and your sister. I use a HP Laserjet Pro M425dn and have found it to be a fast and reliable printer. It is a network printer which is nice and handles duplexing with ease. Toner is inexpensive on Amazon. This will be it's 4th tax season and I do A LOT of printing.

I had the exact same situation a couple of years ago. The wife had used the pre-printed vouchers with the husband's social as primary but she had written the checks from her own account and listed her social security number on the checks. I wrote a letter explaining the situation and attached copies of the cancelled checks and payment records for the installments showing that they were paid from the wife's personal account. It took them a couple of months but she finally received a letter from the IRS saying they had applied the payments to her return and she received a refund.

New client has a pension from Office of DC Pensions. He is a retired Washington DC Police Officer. Does anyone know if this pension is considered federal government retirement? Trying to determine if it qualifies for Kentucky pension income exclusion. Thanks in advance.

Figured it out. For some reason when the efile was created it was only picking up the 1st w2 which was not the one that had OH tax withholding.