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  1. Today
  2. Great! I didn't even think to check for that. Such a simple thing that a lot of missed a great deal.
  3. The easiest way to make additional ES payments is on line. I have personally used it and several of my clients have used it, too. It is easy to use and a confirmation will be sent to the client right away. Otherwise, it means calling the IRS, cancelling the next two payments and having the EFT reset, which sometimes takes 2 months and a possibility of missing the next payment.
  4. I am so glad they brought back the" Date" by the preparers information.
  5. Is there a way to increase the last two IRS Estimated Payments? Client currently has the payments automatically deducted from their bank account and they would like to increase the amount of the last two. I assume I can provide them with paper coupons to make the additional payments. With that said, wondering if there was a way to increase the automated payments without calling the IRS (not even sure that would work anyway.) Has anyone used this site before: https://www.irs.gov/payments
  6. The Age-Blindness section should go right on top of the chart. It makes no sense to separate it.
  7. Yesterday
  8. HRB has probably has the best training class, materials and methodology of any. It also has the highest standards as in CA they exceed the requirements for passing. They cover both the fed and state return. Classes start in Aug. and if you enroll in time, there is usually a discount. The fees, just as their prep fees, probably vary from area to area.
  9. Most of your professional organizations have 1040 webinars &/or live courses. Check their websites for locations near you or webinars. (I'm assuming since you're asking this question that you don't have a good teacher on your staff.) If your staff is large enough, check on bringing in a teacher, perhaps basic 1040 for your newbies and 1040 update for all. Tailor it to fit your firm's needs.
  10. I will have some new preparers this year and was wondering what resources people use to get new preparers training. They only work on 1040’s of mostly seniors. Thanks Phil
  11. A cynic would say those who work in the IRS forms division need work too, or their budget will die...
  12. A few years ago I moved to NH from MA. I was a CPA financial advisor. Two years ago I sold my financial services practice to a young advisor in MA. Most of my clients were both tax and financial clients so I still work closely with the advisor. The time has come to get out of the tax practice as well. My biggest client is a wealthy family group with numerous partnership, trust and individual returns. I work closely with the family member who does the family's bookkeeping and oversees the family's investments. He prepares all the returns for the family utilizing ATX and I review them. I would like to find a tax preparer in MA who would be willing to work with this family in particular, as well as take over any other tax clients, AND who would be interested in working closely with the financial advisor who took over my clients. It is important that he have a relationship with a tax expert, and I think most tax preparers would like to have a relationship with a financial advisor that they can trust. I got into the financial services business because I was tired of referring clients to brokers who churned accounts or life insurance agents who sold everyone a whole life insurance policy and 4 proprietary mutual funds whether the client was 20,40, 60 or 80! This advisor does currently work for a small independent broker dealer and is insurance licensed, but he is predominantly fee based (vs. commission) and he does right by his clients. He is the advisor for my extended family; that's how much I respect and trust him. All of the tax work with this large family group is done electronically (review copies of returns, supporting documentation, and export files are sent back and forth). Almost all of the other tax preparation work is done through the mail. In total I prepare less than 100 returns. More than anything I'm looking for someone that will take good care of my clients and that can work with this advisor for many years to come. Please respond if this may be an opportunity in which you'd be interested.
  13. Last week
  14. I do like the larger print on the SR.
  15. Link to IRS for all draft forms: https://apps.irs.gov/app/picklist/list/draftTaxForms.html Great, let's waste more time and money on another redesign and programming at IRS and all the vendors. The 2019 1040 draft does allow seniors to file that form with notation for those checking age or blindness to see the instructions for the proper amount of standard deduction. The only difference between the 2019 1040 and the 1040-S (senior) is that the "S" form has a chart at the bottom of page 1 for those checking age/blindness boxes. I guess there were too many mistakes in the standard deduction in 2018 for those self-prepared returns.
  16. Nature abhors a vacuum, so that white space that still remains on the now 2/3 full page, will one day be filled up again.
  17. I don't think that happens any more, since the non-filing penalties were introduced.
  18. I guess the 100 million that were filed this year was a Beta test. Now, they are coming around with the finished product. Th IRS went overboard with the simplification and now they have had to backtrack and make it easier to understand for the taxpayer. Definitely looks like an improvement, though
  19. I was thinking last week, "If only they'd go back to the old Form 1040." Fingers crossed. I apologized to a client just a few minutes ago for the 2018 forms.
  20. I had no idea we were going back to two 1040's. this time is called Senior 1040-S Didn't look to see who gets to file this form. Hopefully we can still file them all on the regular 1040. I didn't use 1040A or 1040EZ.
  21. Has anyone heard the news that form 1040 is undergoing another face lift? Here is the article highlighting the changes: https://www.forbes.com/sites/kellyphillipserb/2019/07/15/everything-old-is-new-again-as-irs-releases-form-1040-draft/#36f6b1f42f75
  22. The IRS treats each year separately, and they're underfunded and understaffed right now. The shutdown plus the new tax law with a 1040 redesign, have put them in a serious bind.
  23. It's rather shocking to me that sending in a return doesn't produce a letter from the IRS requesting those missed years.
  24. Hmm, I'm not sure about this. Last fall I loaned another member my disk from 2006 after the ATX rep said that they could only provide back to 2012. Has ATX expanded the number of back years available since then?
  25. Go to your MYATX page. You can download the install program from there.
  26. Max W

    NOL and TCJA

    Correction - NOL was $100,000.
  27. Max W

    NOL and TCJA

    Client had a $100 NOL in 2017. The NOL carry back was not waived. Carrying it back to 2015 resulted in an AMT that reduce that tax by $5K. Carrying it forward, because of the new exemption amount of $500K, The 2018 taxes would be reduce by over $12,000. Is ther any remedy for this. In other words, is there any way that the waiver for 2017 be made?
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