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Posted

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

Posted

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.

Posted

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!

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