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Chowdahead

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  1. This is always a perplexing one for me... I have a client who neglected to tell me he somehow has 2 Uber driver accounts. So the IRS recently sent him a CP2000 owing over $15k, including a "substantial tax understatement penalty" of just over $2k doe not reporting a 1099-K and 1099-NEC related to the 2nd account. The letter provides an option to either agree with the changes or disagree and submit evidence. Response can be mailed or faxed. Well obviously he needs to file a 1040-X because none of his expenses (i.e. ALOT of mileage and Uber fees) were reported on his original return, so he will owe a lot less. My question is, should I e-file the amendment, or fax the 1040x it with a copy of the letter? Or do both? Finally, should the CP2000 be referred to in the 1040X explanation?
  2. Can someone be so kind as to remind me what the timeline is to correct a rejected e-file that was transmitted last night? I browsed through IRS Pub 4163 but I must be too cross-eyed at this point to see it. I seem to remember a 24 hour rule.... I also noticed in the ATX Newsfeed that the IRS recommends that any e-file rejected that contains Direct Debit info should instead be retransmitted without the debit payment info and the taxpayer should make the payment on the IRS website instead, but the return will be considered filed timely if retransmitted and accepted. Has anyone here experienced a situation like that? I have 2 in this situation.
  3. That would be extremely helpful! If not, I'll tell my clients to go to IRS.gov.
  4. Yes both amended return files containing the 1040X were accepted.
  5. Does anyone know if Direct Debit is allowed for tax owed for 2022 Amended Returns? I have 2 clients who had to file amended 2022 return and they had relatively small balances of $700 and $200. I selected Direct Debit on the 1040 E-file Info form in ATX and entered April 18 as the payment date on both the federal and state. No errors reported upon error check. But the client letter still says they should send a check to the IRS while also saying the debit for the state balance will come out of their checking account on April 18. I'm confused.
  6. Does anyone know if this also includes Direct Debit for tax owed for 2022 Amended Returns? I have 2 clients who had to file amended 2022 return and they had relatively small balances of $700 and $200. I selected Direct Debit on the 1040 E-file Info form and entered April 18 as the payment date on both the federal and state. No errors reported upon error check. But the client letter still says they should send a check to the IRS while also saying the debit for the state balance will come out of their checking account on April 18. I'm confused.
  7. I recently discovered that ATX will no longer be supporting or offering Paperless Plus. I believe they were supposed to offer a cloud-based alternative but I haven't found it on their website yet. PaperlessPlus was not great and frequently had technical issues for me. But it integrated well in ATX so that's why I kept using it. Anyone recommend another software product that I can use to scan customer documentation (i.e. tax forms, IDs, signature forms, etc?). I really don't wan to return to storing paper after 5 years of being paperless....
  8. There was a thread floating around regarding this. Parent had filed 2019 and 2020 return with dependent and received $1,400 EIP3 for the dependent. Now the "dependent" is filing their 2021 return on their own and not as a dependent of their parent. Can they claim the $1,400 Recovery Rebate Credit? Will they receive it? All logic tells me no, but there was info here that seemed to indicate IRS guidance is that they do in fact qualify. Thoughts?
  9. The 2021 1040X appears as approved on ATX Support, so am I assuming correctly that it is being accepted by the IRS? I have a client who wants to claim EIC using 2019 income.
  10. I have a New York resident who resided in NYC in 2021 and wants to claim the rent credit up to $500. According to https://www.tax.ny.gov/pit/credits/new_york_city_credits.htm and https://www.tax.ny.gov/pit/ads/efile_addnyc208.htm this is claimed on form NYC-208. However, I cannot find it within ATX. Anyone here familiar with this particular form or credit from NYC?
  11. My concern then is why are other software vendors not having a similar issue?
  12. Are Are you speaking of a 2020 return? Because to my knowledge for TY2021 using 2019 income for the CTC is no longer necessary since it is virtually entirely refundable now . It is still an option for the EIC at the bottom of the EIC Questions tab in both 2020 and 2021.
  13. Sch EIC Questions worksheet is like a maze even more so this year...
  14. Does that affect many clients? Because the lack of the MA Non-Resident form essentially makes it impossible to file RI and CT state returns either because both of those states allow credit for taxes paid to MA, which I cannot calculate.
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