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cantup

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  1. cantup

    Acks

    Start receiving acks today at 11:45 am central time.
  2. cantup

    Need Help

    Sorry! It was her primary home, do I need to file form 982?
  3. cantup

    Need Help

    Have a client with form 1099-A (Acquisition or Abandonment of Secured Property). Box 2 Balance of principal outstanding $34572 Box 4 Fair Market value of property $50100 Box 5 Was borrower personally liable for repayment of the debt? Yes Can you please give me some advise where do I have to report these amounts on Federal Return 1040. Thank you
  4. I am doing the same thing, GRATIS....specially for customer's relatives and all who asks for it. Think we have to gave some in return for a great tax season. cantup
  5. Hi everyone on this forum First of all thank you so much for all your support, ideas and experiences; I think we all have a lot of things on common and one of them is success on what we are doing (Tax Preparation) for individuals or business. Since I started using ATX (2003) after Ortax, I think I found a new way to work using ATX's forums, I learned a lot of hings from your experiences, and keep learning till today thanks to your posts. No one is perfect, but for some reason we always found something to complain about and make a big deal about it, including myself; today I decided don't complain more about ATX's software. I like it, I been using it for 5 years and besides I discover they don't decide for me. I have my answer, I have my choice, and I think I know your answers too; most of all we are going to renew our ATX software for the next year although we continue complaining about it. That's the reason I have decided no more complains about ATX's software, instead we should encourage each other to work harder, helping ourselves, that's what I enjoy more of this forum. Hope you are having a nice tax season. Pedro PS. sorry for my English hope you understand what I tried to say :scratch_head:
  6. Thank you for your answers and time to respond my questions. I request more information but taxpayer doesn't know if he will receive a form showing the amount he received. The amount received was for physical damages.
  7. Taxpayer received a check for 120,000 from an insurance company last year on March, because he had a car accident. he hire a Lawyer and he made arrangements with the insurance company before to go to court. Insurance company paid $500,000 to taxpayer's name. Taxpayer paid $380,000 to Lawyer. taxpayer didn't have an insurace policy at the time of the accident. My question is: Is it taxable this amount received for the accident? and if it is taxable how to report that amount... Line 21 other income? will he received a 1099 form from the insurance company?
  8. cantup

    EIC

    Hi everyone, Hope you are having a great tax season! Client used to file MFJ with 3 children for the past 5 years, his wife didn't have SSN instead had ITIN so they never claim EIC, this year his wife got a SSN and are elgible to get EIC. Question: Can we amend the past returns using the new SSN and claim EIC for those years? Thank you Pedro
  9. Sent RAL application yesterday. This morning I found Server problems, can't receive acks, and at this time still same problem. Anyway check the option "print checks" and found the RAL's check, I already print it but don't have bank status accepted yet.
  10. cantup

    1099 MISC

    Taxpayer receives 1099 misc with $14000 on box 7 (Nonemployee compensation) from Financial Institution, that amount was paid because taxpayer couldn't paid her house, taxpayer demand the Institucion and lost the case, so the institucion gave that amount of money thru a lawyer to help her to leave the house. How is the correct way to report it?
  11. Same problem here can't receive acks.
  12. :blink: I have the same situation, can't receive acks. server down!!!!
  13. Thank you for all your opinions and solutions, I already unistall the printer and installed again!!!
  14. Does someone is having problems to print a return? Since two days ago I start having problems to print my returns, I'm using an HP LaserJet 1022 same printer for the last three years. The only solution for this is turn off my computer and start again, some times when I start my ATX program it start printing the return that couldn't print before. Is someone having this kind of problem? Everything looks right, when I check printer status I see the documents waiting for print. Any ideas? Thank you
  15. cantup

    RAC

    I'd like to know if someone else is waiting for checks to be approved by HSBC, it suppose to received these checks today. yesterday I received just four checks but today, I'm still waiting for some checks. Thank you Pedro
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