schirallicpa

I didn't get that email. Thank you so much.

I will note that this is my sister-in-laws corp. Grumble mumble...... Efiled Fed return on Friday am. Accepted. Efiled NYS on Friday pm. No update when I left on Friday. Monday, NYS efile is rejected. I open return and the efile rejection action says that there is no rejection error in my return. Figure I must have changed something before I sent it to NY. So I re-create and efile again. No update by the time I leave Monday pm. This morning it is still rejected. (with the same message that there is no error in the return.) Now what do I do? We will surely get late penalties etc. Do I have anyway to contest that we attemped to file on time?

And if there is, is there some additional reporting, or whats the scope? I have a business client and I noticed one of the employees claims 11 exemptions and its ringing a little bell that there is a limit.

I go from tax season to softball season. Both girls have games tonight. Let the running the begin!

Well - that kinda stinks considering they are in OK now. I will prepare to mail. Thank you guys, for letting me know. I thought is was a fluke. It's just OK

A real eye-opener. I never subscribed to any debit card programs. I am not surprised. Question: if many taxpayers do not have bank accts and need debit cards for their tax refund, how do they cash their pay checks? Besides, I thought Wal-mart would cash anybody's check.

Client is NYS resident, but must file OK non-res return. When I hit efile icon, OK doesn't even show up in the list. I tried to delete NY and just do OK. Didn't work. I re-created the file. I just cant make OK be okay. Is there a trick I'm missing?

The client inherited real property - vacant and timbered already - in 2007. She sold it in 2011 for $140,000. Since their was no "estate", no appraisel was ever made of the property. She did find 2007 property tax assessment of $60,000. The real estate people originally had it listed at $250000, and came down to $190000 and it sold for $140000. I don't think the tax assessment of $60000 is reflective of the market value at date of death. I have considered using inflation index to back the 140000 to 2007 figure, which would be around 130000. What else should I do?

I'm in NY too:) And have had that same thing happen.

You guys are awesome! Thank you for your insights. I know what to do now.

Dear client: Please don't come to me in March to have me figure out what to do with the mess that the attorney across the street created. From May to Dec I am very flexible in my schedule and I will be glad to walk 100 yards to meet with you and your attorney so that maybe, just maybe, things will be correctly reported in March. And while we're at it - please Mr. Attorney, don't start any more partnerships over there without talking to me either. thanks.

2 things are going on, and I'm not sure if I understand how to treat the trust stuff: And I have tax ID question. Heres the scoop: There was an annuity that had not been placed into the trust. So when Mary died, an estate was set up to collect the annuity income. The estate was assigned the EIN of the trust. I know that an estate return should be filed for the taxable portion of the annuity. Not sure if the estate should have a differrent EIN - its a different animal. I think. The revocable trust - after Mary died - sold real property that it had taken in 1994. Now - I am no expert in trusts, but I thought that the purpose of the revocable trust was to transfer property to the beneficiaries at death. Wouldn't the real property first transfer, and then the bene's sell the land? When I asked the trustee, she said "well - how were we all to own land together. Of course the trust had to sell it." Hmmmm. Do I have a tax return for the trust for the long-term gain on the sale of the real property? And if I do, I will have the EIN on the trust return being the same as the EIN on the estate return. Or should this land sale be on the estate return? I think this was just not handled correctly by our favorite local attorneys. I think I'm going to add another entry to the "dear client" topic.

Dear client: If your dependent child has already filed their tax return on line, claiming themselves, so they can get their $39 refund check back because they didn't fill out their W-4 as exempt, that's your problem, and yes - you will pay for their amended return. And no, you can't efile now with them on your return. And yes - your refund will now take forever. Hey - he's your kid.

I have lost clients over such issues. It's always my fault that they had to pay tax.

How many times have you hit the transmit button only to see you've selected the wrong file, or didn't remember that you had to fix something. And you hit stop - or maybe it's cancel - and it keeps going until the whole transmission goes thru anyway. Why can't it just stop! Or - maybe there could be a limbo land that it stays in for a few minutes when you could still retrieve it. I have a couple of amendments to make now.

I-yi-i........Keep closing and opening, and PA will work. Sorry for posting. I'll just keep up my own pace here.

oh boy - I closed it and opened it again, and it worked....... But how does the NOL work. It brings in Net income without regard to the Fed NOL. Does PA not have NOL? I swear they did.

I am stumped. I have input info on the data input sheet for the PA corp return. The section G, corp officer signature info will not come over to page 1, and the Section A info for previous year income (loss) will not come over to page 2. I am thinking that this is way the NOL from last year offsets this years income. I don't see any other way to bring in the NOL. Last year's return was prepared by someone else, and I have reviewed all my info and think I have checked every box there is to check. When I try to override, it wont let me. Please help........

Thank you Jack!!

This is really bad....but my daughter was sick this morning and I had to stay home with her for a while before her dad could get home to be with her. And I enjoyed it.

wow - i liked my results better the first way I did it:) thank you for your help. It works easy enough, but I just didn't know enough to have it open. Thanks

I'm not sure entirely what I'm not getting here. Priest receives W-2 from diocese. No SS or Med income/ tax. Only Fed and State income and w/h tax. Also receives stipends. Lives on property provided by diocese. Church pays utilities and food. Has some mileage expense, and misc supplies. Initially, I put w-2 on line 7, threw the stipends on Sch C and figured he must be filing exempt for self-employemnt/ Fica tax since W-2 showed no SS wage or Med wage. 2106 for mileage and supplies. Then I get looking at the one the atty prepared last year. He put the wages on sch C and calculated the self-employment tax from sch c income after deducting mileage from wages. Hmmmm.....I guess he considered him a statutory employee....?..... Is that how it's supposed to go? And I see nothing in regard to housing allowance on the previous return. But thats besides the point right now. I'm trying to figure out how to report this. Any thoughts. Thanks.

Again, I appreciate your help. Around here, I don't run into active duty military. Plenty of retired military and a handful of reservists. This was unique to me. Have a good one!

How far are you guys going to make sure the distributions were truly all for uncovered medical?