jshtax

that link did not exist on facebook

I fixed for my father and all you have to do it duplicate in 14 then make sure its not marked complete then rollover

I hope everyone has a successful season. We have moved to Ultra Tax. ATX was too slow and required too much work to get returns completed.

Anyone have issues with partner info missing on k1s? Also preparer info not rolling over?

Yeah.....I am assuming I have to duplicate the file but how does the ending numbers from 12/31/14 move over to starting numbers on 1/1/15 but in the 14 software. I suppose I will just call ATX next week.

How do I file a return in 14 software that has a short year ending July 31st? I already filed the 12-31-14 return but now have the final short year to deal with. Thanks!

I am curious if anyone here has used this strategy for clients with their tax planning. For example a client can make a $10,000 investment into a real estate limited partnership. The intent of the partnership is for investment purposes. At the end of the year the partnership can make a determination investment is not the best course of action so they elect to put the property into a conservation easement. Once the conservation easement is donated the partners get around a 4:1 contribution or in this scenario a $40,000 charitable contribution. If the tax payer is in a 39.6% bracket plus 5% state they will get a tax savings of $17,840.

oh crapola.....guess i need to change my ways. oops just assumed since the accepted extension they would efile as well.

I have the same issue with Ga. Client has 8 composite returns plus a TX LLC fee that is passed on to the shareholders now as a payment made to another state. I cant even add TX.

I guess we are a rare breed.

About $7500. In years past you just put other state gross income on form then amount of tax paid. Now it appears you have to calculate each state separately for it to flow over to the form then you still have to enter taxes paid. Problem is you shouldnt have to do this since they are composite returns and taxpayer isn't required to file but is allowed the credit and itemized deduction.

Jack no program should accumulate over 1,500,000K of memory.

And you didn't net it out for what reason?

So no can't connect to server issues or the program crashing this season?

No guesses?