B. Jani

I solved this by opening the return, save it and recreate the efile. It went thru fine. Error with 1116, I removed the form. saved it. added the form, create efile and went thru ok. Hope this works for you too as my 8 returns were rejected and now went thru ok.

Hello Friends: So far 1116 was going thru ok since Version 115 of form updated. Today I am getting following error: Error reject code # X0000-005 I checked everything. Cannot find the source. Any suggestions ???? TIA

Thank you.

Hello Friends: My client moved to OH from NY. Question is the OH school district has no tax as per instruction. Do I still file SD-100 with zero tax or I can ignore the form. TIA BJ Jani

I have few like that before and my answer to them is go to IRS website and all answers are there.

Hello: I submitted 2 efile for NJ on ATX on 04/16/22. Generally it takes 2 days to get acks. But this time already 4 days and still says sent to agency. Is NJ is delayed. Both Fed are accepted. I checked online at my account with ATX and that also shows waiting for Acks. Any NJ preparer have this problem? TIA

Final Update: The second TIN belongs to UBS brokerage where account is held. Did conference call with client to his broker and talk to Manager. He was knowledgeable. He said that Client should not get K1 in first place. It is UBS who need to file 990 when K1 received. So client happy and me too. Thank you for all the input.

Thanks Sara EA for pointing out. Just noticed the following in K1 Part 1 Box A has partnership employer ID # start with 46-xxxxxxx Part 2 Box says Partner's SSN or Tin and actually TIN start with 41-xxxxxxx is listed there instead of my client SS # Asked client if TIN belongs to him and he said no. What's your opinion?

I have client with two K1 (Form 1065). The account titled as "Name of client, IRA on Box 6" and box I-1 and I-2 says IRA/SEP/Keogh. So my understanding is that this is a retirement account and not to include on tax return until distribution happens. The prior account who is now retired included this K1 on tax return for last 3 years. Is this correct? I am confused. Client says to include to avoid IRS letter and my understanding is growth/loss in IRA not needed to include until distribution from account happens and 1099R is issued. Am I missing anything because of K1? Any thoughts. TIA

Is it SS or UK government pension. The client should get annual statement from government pension. It is taxable there and taxable here. I put it as other income line as UK Pension.

I have 2 amendment paper filed last year waiting to be processed. Both have refund. I have no confidence 13 million will be processed by end of year.

Thanks Ken for bringing this to attention. I will check my filed returns for possible problem.

Congratulations !!!

New York State tax treatment of unemployment compensation The federal American Rescue Plan Act of 2021 includes a provision that allows certain individuals to exclude up to $10,200 of unemployment compensation received in 2020 from federal gross income. New York State personal income tax is decoupled from this federal provision and any unemployment compensation that is excluded from federal gross income must be added back when filing your New York State return. Form IT-558, New York State Adjustments due to Decoupling from the IRC, has been updated to report this add-back as adjustment code A-011. I have not filed my 2020 New York State return yet. What do I need to do? If you file using software, the software should already account for this update and add back the unemployment compensation excluded from federal gross income. If you do not file using software, make sure to add back the federal unemployment compensation exclusion on Form IT-558. I already filed my 2020 New York State return. Should I file an amended return? If you did not add back unemployment compensation that was excluded from your federal gross income, then you must file an amended return with New York State. If you did not exclude unemployment compensation from your federal gross income, do not file an amended return with New York State. To view the correction to Form IT-558-I, visit: Personal income tax up-to-date information for 2020 (Articles 22 and 30) For more information, visit: Tax Department response to novel coronavirus (COVID-19) New York State tax implications of recent federal COVID relief

I am surprise to find out check mark within client info form for treaty. I was working on 1040 NR for student from India. On client info page, found a check mark with the code and when I click on it, it flow correctly to 1040 NR. Just check for your country if it pop up. I do know that US has treaty with India but looking for place to put on tax return.