Kea Posted March 23, 2010 Report Posted March 23, 2010 After converting all my files from TaxWise to ATX for 2008 (so they roll over to 2009), I found I had to re-enter almost all data again. (This is the 3rd year I've changed software and in the previous 2 I mainly had to worry about depreciation.) Anyway, when re-doing one with OK non-resident income (publicly traded partnership), I found a couple of errors that affect the federal & OK. I didn't see an OK 511NR X only a 511X. Is this the proper form to use? Also is there an error too small to fix? This one will increase the client's tax by $34. Thanks Quote
kcjenkins Posted March 24, 2010 Report Posted March 24, 2010 I know the feds don't want to process an amendment that changes the tax due by less than $50, so I would use the same logic on the state. In other words, it will probably cost the state more than $38 to process that change, so I would not amend it unless the client insists, or there is some other compelling reason for the amendment. Quote
Kea Posted March 24, 2010 Author Report Posted March 24, 2010 I knew that about the Feds (but had heard the limit was $100). Didn't know if it was similar for states or if they had a lower cut-off. I still figured this would be too low, but don't want my client in trouble either. Thanks! Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.