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Just in case one of my customers reads this and asks (actually get asked way too often) there is no such thing as a 1099 employee.

(Shoo-bop-bop-bop-bop Shoo-bop-bop-bop-bop)

Yes. Originally to be yesterday, then I saw the date pushed back to Friday. Nice surprise to see it out today. Now for the planner.

I don't think you need to check "Service Business". Not sure cause I don't use ATX. My thoughts are the service business is the SSTB for accountants, attorney's Dr's etc.

OOps. I just checked and the ATX Clergy Worksheets have finally been update and loaded. You can enter the Housing Allowance amount on worksheet #3 for 2018 tax year.

Hah! In today's mail a corrected 1099-MISC! No rents, just royalties. So waiting for the other shoe/form to drop with the sale. At least this makes more sense for now.

Yardley CPA, check "qualified business" but not "service business" on the Activities tab. The QBI should flow from there to the Net Qualified Business Income tab for your activity, and then to the QBI Deduction tab for your activity. All QBI from all activities is summed up on the QBI Deduction Summary tab and the deduction is computed there. The number on line 6 on that tab flows to Form 1040 page 2.

Today's update has the 1040 comparison. It looks pretty good.

Maybe they are in cahoots with paper companies?

sure glad I'm not the only one who hates the new form.

But you can now file your taxes on a postcard!

Agreed. They did it to stop people calling support and asking 'are we there yet?'. Some people abuse the 'free' support and need to be less reliant on it. Now they need to combine the two separate availability pages into one complete list! https://support.atxinc.com/download/formdevelopmentstatus.aspx https://support.atxinc.com/support/ATXJurisdictionStatus/Jurisdiction Did you know that there is a forms request page: https://support.atxinc.com/support/FormRequest

There's a parade today? Well, I'm not watching it, either!

That's not the way it works for me. If your software is making you do that and you're sure you're getting the right result, fine. But at upper income levels, whether in the phaseout range or above that range, you will get a different QBI deduction if it's a service business rather than a regular qualified business.

In ATX, when you hit print 1040, all six schedules print. There's no selection of the schedules to print or not print. Just as well, I too don't know where everything is so might as well have all six schedules printed whether there's anything on them or not.

It's still much harder than last year. If you only want to print 1 of your 10K, you have to uncheck 9,999 boxes -- there is no Select All/Unselect All button. Hopefully, this is a hypothetical 10K subcontractors.

A multiple year contract would be fine and if they choose to designate all/some as housing allowance, this would be the place to do it. The designation must be prior to the payments, whether the designation is at the first of the year or otherwise. In your case, if the contract was prior to the first payment in 2018 and covers the entire time period you specified, you would be good for all payments. The Clergy Worksheet #4 with ATX will allow the housing allowance to be used for SE Base computation. The Clergy Worksheets for 2018 tax year have not yet been posted by ATX, nor Publication 517 by the IRS - so I am assuming that it will be carried over and handled like prior years. I have not seen anything that would change that. I would not recommend a "dummy" W-2. Your work around for the Sch C would be fine. I have done that before. ATX will not accept a W-2 with no entry in Box 1.

Thanks for the reminder. Purim does sound right. Methinks it would be a good thing to study up on world religions and be less uninformed. Who knew one could learn more than tax stuff here even by accident?

Thanks!

I stand (sit, actually) corrected. Thanks, @EricF!

They paved paradise and put up a parking lot.

Yes, and I'd add the Disclosure statement form, that non-citizen non-resident spouse is not required to have an ITIN. But then, I like to drown them in paper so they have no excuse not to accept what my clients send in. (Else my client would get a letter asking why we did not provide the ITIN that isn't required. YMMV.)

This is awful! We need to petition to have it changed back.

ProSeries is at least printing page 1 and page 2 on the same page! I still can't find anything, but I don't have two half sheets of paper!

I'm so sad. I don't sleep for cryin'.

You never know what you've got until it's gone.

Populating the Activities tab in the Sec199A Wkst ATX will show all activities (Sch C, Sch E, Sch F, 1065 K-1 Input, 1120 K-1 Input). If you create an activity after adding the Sec 199A Wkst, the activity will be automatically added to the list. For each activity, check Qualified Business if it qualifies to have QBI. If the activity is also a specified service business, check the Service Business box as well as the Qualified Business Box. The special limitations for specified service businesses will be applied on the QBI Deduction - Service tab before flowing to subsequent tabs. For numbers to flow automatically from K-1 entries, the QBI-related lines on the K-1 input must be completed. For S Corporations, on Line 17, Code V is where QBI is entered, Code W for W-2 wages, and Code X for unadjusted basis. You can enter them in either a service or non-service box. If numbers are entered in the service boxes, it will flow the numbers to the Activities tab and check the Service Business box, but you also have to check the Qualified Business box for numbers to flow into the tabs where limitations are computed. If numbers are entered in the non-service boxes, it will flow the numbers to the Activities tab, but you have to check the Qualified Business box for numbers to flow into the computations. For partnerships, the codes are on Line 20, Code Z is for QBI Income, Code AA is for W-2 wages, and Code AB is for unadjusted basis. Schedule C QBI does not flow into the Activities tab, so you must supply the numbers yourself. The regulations require the Schedule C net income to be reduced by deductions for 1/2 the SE tax, the SE health insurance deduction, and pension contributions made possible by the Schedule C net income. Likewise, for S corporations and partnerships, the QBI that flows into the Activities tab may have to be reduced on the Activities tab by these deductions. Adding Quote from "claycpa" here and hiding his post following this one because this is a NO CHAT topic:

I like www.taxadmin.org/state-tax-agencies And BTW, I love all of you, don't know what I'd do without you. Like a former life of mine, sitting around the kitchen table in a ghetto firehouse....there's no problem we can't solve. Now here, still putting out fires and finding our way through the smoke, and depending on each other. You don't find that kind of comraderie everywhere. You're the best. Bill