joanmcq

I had forms C & E this year, but I have ATX Advantage

Sunday, can’t get acks or transmit...

I’m going!

Mine went!

Mine are going directly to error.

Go through the iteration; at some point the credit allows/disallows the credit. If it's still a close call, see if he has extra $$ to put into an IRA.

One of the reasons I love working remotely!!!

NRH isn't appropriate since the apportionment has to do with before/after the move. Anyways, I figured it out.

No, I don't think so. I was just using the PA Sch C,

Did you do any of the gains as bulk entries on the Sch D? I've had issues with PA/CA because of this. And I really don't want to enter every single trade so I can allocate between the 2 states.

Extend the return and blame the new tax law/programming issues because of new tax law/gov shutdown/etc.

I'm filing client's PA CLGS-32-1 and having issues with the auto-populated biz income number. Client has sole prop consulting biz and moved from CA to PA at the end of February. So I'm allocating the SE income across 2 states. Her salary is all PA. But the number that ATX is populating on lines 5 & 7 of the above form aren't what I have on the PA Sch C. What I have on the C is $8353, but ATX is putting $7108 as the net profit from biz. Is there any adjustments for the local form I don't know about? The difference is more than the SE tax, less than SE health...I can't figure out where the $7108 is coming from.

Ok, that makes more sense! When I saw $17, I thought, no wonder she thinks it's dividends!

$17? Never seen one for that little. What did they get, 1 share?

She’s under the filing requirements for NR MA. Thanks for the quick response, especially this time of year

I always report them, regardless of 1099-S. Then no chance of a notice later.

Client's daughter is student at Mt. Holyoke, domicile is NJ. She goes home for the summer. so she had W2 from Mt Holyoke and another for her summer job in NJ. Filing resident NJ return. Last year the amount earned in MA was negligible and below the filing requirement, this year it's $4300. I'm hoping I don't have to file MA, but if I do, is she a resident (was in MA over 183 days), PY or NR? How does MA consider students that go to school there but are domiciled elsewhere? If she's NR, then no filing. If considered resident, then we have double taxed income...

It's not the dividends, it's the spread between FMV & cost. They only get dividends once they own the stock and that's reported on the brokerage report. The box 14 is basis because it's been reported as wages.

I put then as 'other allowable insurance'. Created an itemized list.

nope, not extended.

Since I was close to the Bay Area, I have had a lot of people in tech companies. The reporting has gotten much better over the years, but do the clients give all that to you? Ha! The worst ones lately have been RSUs paid out by a US subsidiary of a Swiss company. The client was retiring and thought he had about 1-2k in RSUs. Turned out to be more like 300-500k. Took about 5 years to cycle through all of them since he couldn't sell some right away (recent grants). And there's some he's held. So much fun figuring basis....

I have a lot less than last year. I'm not even very busy; I have time to watch TV with my husband before he goes to sleep. Whether I can live on it is another question altogether.

Restricted stock is not the same as NQSOs. Why not ask for a paystub to see what all stock he was granted/exercised/sold. He probably got RSUs as well as the NQSOs. NQSO are the only ones that are reported with the code V in box 12. I see this all the time; someone has NQSO, ESPP and RSUs all from the same company. Then throw in some ISOs too. Actually, I rarely see ISOs. Just the first 3.

One box says Inherited and the other says IRA. It could be an inherited 401(k) or other retirement account.

Quite a lot of the new 1040 doesn't make sense the way we are used to looking at it. DO NOT try to change things to make it make sense. The pension/IRA line is just one of the line that don't 'compute' in the way we are used to thinking of them.