Jump to content
ATX Community


  • Content count

  • Joined

  • Last visited

  • Days Won


About cbslee

  • Rank
    ATX Master

Profile Information

  • State
  • Gender

Recent Profile Visitors

5,520 profile views
  1. Efile Mandate

    I believe the current requirement is any preparer who files 11 or more returns from the 104x series.
  2. Scholarship taxable?

    Almost all of the detailed reports that I see, bill the next term's tuition at the end of the previous term. Then they post the payments ( Scholarships, loans etc ) when the term actually begins. So you have a timing problem, where you can't see the whole picture unless you can look at the detailed reports showing prior year, current year, & next year. It's a real mess and I suspect what is actually reported on most tax returns is usually not completely accurate.
  3. Student loan debt discharged

    I think the information is usually supplied to the employee by the employer, i.e. Medical professionals working in VA or BIA hospitals .
  4. MeF is down

    Since many of the IRS computers are still running on Windows XP, supported by a large contract with Microsoft, this probably was inevitable.
  5. IRS releases revised 1040 ES & Instructions

    Just clarify my post is about the estimated payment Form 1040 ES and instructions.
  6. In the spirit of providing assistance to confused taxpayers and preparers, on Friday the IRS released a revised Form 1040 and instructions I did notice that the 110 % rule remains unchanged. In order to maintain my mental equilibrium, I have chosen to ignore the other 12 pages :-)

    Judy, thanks for pointing me in the right direction. Much appreciated.

    All I can say is if you are using ATX, the way the worksheets and Form 3800 work together is almost incomprehensible.
  9. Contribution to IRA- decuctibility

    (IRA Phaseouts if you are covered by a retirement plan at work from irs.gov) If Your Filing Status Is... And Your Modified AGI Is... Then You Can Take... single or head of household $62,000 or less a full deduction up to the amount of your contribution limit. more than $62,000 but less than $72,000 a partial deduction. $72,000 or more no deduction. married filing jointly or qualifying widow(er) $99,000 or less a full deduction up to the amount of your contribution limit. more than $99,000 but less than $119,000 a partial deduction. $119,000 or more no deduction. married filing separately less than $10,000 a partial deduction. $10,000 or more no deduction. If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "Single" filing status

    New client age 75, whose spouse died last summer. Client received a taxable $154,000 IRA distribution check just before Christmas. She turned around and wrote a check on January 16th depositing the $154,000 into a different IRA, constituting a rollover. Investment Advisor says she isn't required to include the $ 154,000 her RMD calculations for 2018 , since the money was in her personal bank account on 12/31/17 ??? Does this mean you can legitimately do this at the end of every year and avoid most of the RMD ???
  11. Rant: Client's that don't set up their voicemail

    That's right up there with the clients who have a voicemail setup, but they never check it so the voice mailbox is full and won't accept any more messages :-( That's why I mostly send texts.
  12. Problem with CA 568

    Best Guess: Your CA Efile form and supporting worksheet are not the most current version or has been corrupted. !. Delete the form and worksheet, add it back recreate the efile and submit. 2. If that doesn't work, go to the return manager, select your client, go to utilities and redownload forms, recreate your efile and submit. 3. Or you have a corrupted file in your program, which support will need to find and fix. Good Luck,
  13. SSA Says Taxpayer Is Dead

    Interesting, my local SS office will not make appointments. You walk in take a number and wait.
  14. Need Help with Rental

    I totally 100 % disagree, Form 3115 was designed to specifically to take care of situations like this. Not taking depreciation more than once is the choosing of an incorrect method. Do not amend File the 3115 and deduct all of the depreciation in the current year.
  15. NT - my eyes are falling out

    I had something very similar happen to me over 30 years ago when I was the Controller for a Food Service Wholesaler, working too many hours, not enough sleep, ingesting too much caffeine. My situation was more intense because in addition to the eye issues, I was also pretty dizzy. Had my office manager call 911, went to the emergency room where they didn't find anything. Had a complete exam several days later by an internist who said I was fine. He said that what happened to me was an "aura" which usually proceeds an intense migraine, which i have never had. He told me that you can also experience the "aura" without the migraine. Get some rest and hopefully it will disappear.