schirallicpa

A little pressed for time to have a system error......

Catherine- if the IRS would just use words like "poof" we would be able to do our research a little more efficiently!

My client is a NYS resident and gambles in Columbus. The casino withheld state and Columbus tax. I have worked thru the state return and have that all set. Is there any thing I need to do for Columbus? Or do I just claim the credit on the NYS return and call it a day.

I doubt I'm the only one doing farmers.

The fact that our efiles now go stale after 5 days drives me nuts. I always create the efile when I do the return so I make sure I've got all my errors fixed and so it gets into the efile menu and isn't forgotten. And lo and behold my client comes in on day 6. And then I even like to wait another day so I don't get the "oh i forgot to tell you" phone call. I waste so much time re-opening and re-creating. GRRRRR grumble mumble.......grumble mumble.....

Client wants to make an initial payment with the 9465 - as required I think. But on the 1040 EF info page I cannot figure out how the payment works. Or will it just work with/thru the 9465. Does that question make sense? I'm trying to break a record on most questions this year.

I had a client bring me some wine yesterday! I never get gifts. I'm so happy.

pointless explanation is high on my list this year.

yes, I believe that is correct.

Early in tax season I took off for a weekend as my youngest daughter turned 21 and we went out of town for the night. Then my oldest daughter had some medical issues and I took off 4 days in early March. Then we had to go to a wedding out of town. 2 more days. Now my aunt has passed. I feel another day and 1/2 coming on. Then it's Easter. As much work as I have I cannot and will not work on Easter weekend. I never have. So what's that leave us........ More extensions than ever. Ugh. How's the rest of the gang doing out there?

(I feel like I'm asking a lot of questions lately...) This trust is set up from an estate that funded the trust for the purpose of community development. The trust funds are invested in stocks and had about 10K of investment income. The trust did not spend any money because it really only got going in December. (There are 3 trustee that are trying to write bylaws etc on how the money will be spent and how they will decide.) So - since no money went out, does the Trust just pay the tax? Presumably the trust will outspend the income in the next few years until all of the money is spent. And the trustees take no draws themselves. In fact, they are not named to take any benefit from it.

This tax season has been taxing - Thank you guys!

If the property is held jointly, they both get their half. But why are you not filing jointly? Is filing separately actually less tax?

I'm not sure if this is a dumb question or if I just need to go home and go to bed. This year is the initial return showing a loss. But - do I need a K1? And does the K1 go to the child that the trust is for? Or is it the trustee who is handling the trust for him?

They are corporate returns. But don't know if I can still efile this far out.

If I have to fill out 8867 and attest to anything I charge 90 more. Ed credits and child credits counts as 180 more. Sorry Charlie - I am not into attesting that I know all your dark secrets.

Do I still need to put each rental on a Sch E if they are in fact a business and used as primary source of income. They own several rentals and definitely meet criteria to be considered NOT passive.

I have a client in the exact same situation. He had a 1099NEC. I put in on a Sch C and charged the SE tax. It's considered a consulting fee and he does not have set hours.

OMG - I just have to share this continued mess up by NYS I tried to set up an account for my client. When I put in my email address it told me I already had an account. Hmmmm - interesting. So I clicked on the button that said they would send me info regarding this account I already have. And it came back to me addressed to my client. And they gave me the username. When I went to log in again with the username they gave me - it was entirely someone else's information that I have never helped set up an account for that my email should in no way be associated with. So somehow NYS has mixed up me, my client, and a stranger into a big ball of NYS wax.

Thank you - We tried to call the NYS marketplace health insurance as well and they told us he hasn't had marketplace ins since 2017. This guy is so mad about this it's not funny.

yes - i understand what the error is. I was not sure what the binary attachment for ACA explanation meant

Error code says this: Client swears he's only had Medicare thru united health. United Health shows only medicare. Cannot find the 1095A that was supposed to be sent in Jan. Cannot seem to get anywhere with United Health for pre-medicare information. Considered just putting in any ol number and waiting for IRS response. So what's this binanry attachment that they speak of?

Nothing shows up in the task manager other than ATX so I don't know if there is other crap running or not. And - as I mentioned - I had tried to change the memory configuration as directed earlier, but apparently, I do not have rights to it and cannot change it. I don't know how to change that. Why don't I have rights? This summer I will look at different software. I have been loyal to ATX for a long time, but I just don't have the time to re-boot over and over each day. And as the returns get more complicated the worse ATX gets.

I have tried to go into the memory that was supposed to fix my problem with crashing. But it has not. Here I am at 10:30 in the morning crashing. I find it happens regardless of having adobe or any other program open. This is on a brand new PC. I'm really disappointed in ATX for not getting this fixed. I dealt with it enough last year but think it's worse this year.

I might hold out a little longer for the paperwork. I have an elderly mother with the same situation - and guess what - it wasn't really rolled over. It was just put in a bank.