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They know what they are doing. Same as the other topic where the entity was plainly treating an employee as a contractor. The business people think they can dump the issue on their accountant/preparer and the cost will be less than what they saved by hiring a sketchy person/entity. The hiring person likely did not check for business license, insurance and WC coverage. No clean hands on either side...

Well at least the response was pleasant enough. That's a start. They may not be correct but at least they were nice.

You can continue to use the contractor, however back withholding rules apply, which used to be 28 %.

Sometimes the best you can do, is the best you can do. I've done the same, myself. Certainly putting in the note about historical data is a good idea, "calculated from all information available as of date of preparation" is another.

When I click the link, the form that comes up is not fillable but in the top right corner is a button to open in another viewer. If I click that, and open in Acrobat DC (the free version) the form becomes fillable. I am using Firefox for my browser. I don't know if that helps.

No way. The income and expenses of a child are reported on the child's return, not the parent's. Where did they "hear" this? Coffee shop, barber shop, standing in a check out line at.......??????

Line 3 of the worksheet is missing 1040 line 6 capital gains. I checked the 1040 instructions and the description for line 3 of this worksheet reads: Combine the amounts from Form 1040 or 1040-SR, lines 1, 2b, 3b, 4b, 4d, 6, and Schedule 1, line 9 ATX's description omits line 6.

I'm glad it was online and not live because I was spitting bullets! I would've gotten a black mark on my permanent record from support.

Thanks for the heads up. Just worked on a return with 20k short term cap gains. Without line 6, none of SocSec taxable. But with line 6 included, yes. I was able to override the amount in the ATX worksheet. I went back to 2018 ATX and entered info in the planner and got the correct result.

Guy shows up today with a 1095-A after I threw away my accumulated 10 or 20 pound stack of O-facts last month (I just thought I was through with that junk). Oh well, it's a (sort of) short form (8962) that Turbo didn't get -- now if only he was a millennial instead of 57. But I guess we're still in practice (at least 'til we kick the bucket).

This will be the case no matter what you try. It baffles me how people can't create a password for a new account, and download a file. How do you live in the internet age without those skills?!

Warning: Signature Flow support is ENDING as of June 30, 2020. They are instead pushing their secure send product - which ONLY works with Outlook. I am most seriously ticked off about this.

Try contacting the company if it still exists, they can sometimes recommend techs by zip code or at try to sell you the latest version.

FOR ATX 2018 Software for an 1120S how to designate 199A [email protected]

Copied from Accounting Today: "Taxpayers are feeling good about their tax-filing abilities, according to a new survey, with 89 percent indicating they feel confident they have their withholding set up correctly and 95 percent saying they're confident that they're taking all the deductions they can." I wonder how different these results would be if you surveyed taxpayers on April 15th?

IRS rules do not prevent the rollover. Other software including my provider's has rolled it forward in prior years, and mine is still doing so for the 2019 tax year. Mine also flags the fields to alert the preparer to check the information, and the flags must be cleared by the preparer before the e-file is created.

You should be able to fill in an 8879 in your tax prep software, even if you have to create a dummy return to use the name you need. But, why do you need to fill in an 8879 for a client who is NOT in your tax prep software? What are you trying to achieve?

I just tried the QuickBooks plugin for tax1099.com and worked really well. I had email addresses for all the recipients so I just had the site email the 1099s (SSN was masked). I downloaded the PDF of the recipients copy and I was done. I've resisted this in the past because of the cost, but it saves me labor and buying forms. And if I can email some of them, it saves envelopes, postage and more labor.

I figured out how the get the QBI for a specified service business to show up on the QBI Deduction - Service tab. On the Activities tab, you have to check both the qualified business box and the service business box. You still have to provide the income for a Schedule C business in the Income/Loss box on the Activities tab. If an S corporation's income needs adjustment from the K-1 reported QBI amount, you would adjust the amount that shows up in the Income/Loss box. I think all ATX needs to do is provide a way to aggregate activities if that is desired.

It seems not to be fully functional yet, but things are set up to flow. You cannot override Line 9 on the Form 1040 where the QBI deduction is taken. If you jump to the source for that number, it takes you to the Sec 199A Worksheet, so the number is supposed to come from there. In my test return, I added an 1120S K-1 worksheet and a Schedule C. Back to the Sec 199A Worksheet, on the Activities tab, both activities are listed. For the S Corporation K-1, the amounts of QBI, wages, and qualified property from the K-1 come over to the Activities tab. There you can designate each activity as a qualified business or a service business. It does not supply a number for the Schedule C business, so at this point, you have to supply it yourself. The net income from Schedule C should be reduced by the SE tax deduction, the SE health insurance deduction, and deductions for retirement contributions to the extent attributable to that activity per Regs. Sec. 1.199A-3(b)(6). Query: if the SE health insurance deduction is allowed from the S corporation, where would that reduction to QBI be entered on the worksheet? At this point, if the activity is classified as a service business, you cannot select it from the dropdown on the activity line of the QBI Deduction - Service tab. However, any activities classified as a qualified business flow the amounts from the Activities tab to the QBI Deduction tab. The QBI for each activity is calculated there. From the QBI Deduction tab, it brings the QBI deduction to the QBI Deduction Summary. The QBI amounts from the activities are compared to 20% of taxable income, and the lower number carries from that Summary to Line 9 of Form 1040. If all else fails, you can override the cumulative QBI deduction from activities on Line 2 on the QBI Deduction Summary in the Sec 199A Worksheet. So it seems ATX still needs to allow activities to flow to or be selected on the QBI Deduction - Service tab. Also on the wish list is a worksheet to subtract required amounts from Schedule C and Schedule K-1 to adjust QBI for an activity. There also seems to be no way to aggregate activities under the election made available by Reg. Sec. 1.199A-4.

Crank, the code three would be used if the company that the employee worked for put him on Disability. I have seen this before. When an employee is hurt on the job and becomes totally disabled and the company grants them a disability pension. In that case, the company would be telling the IRS that they know that this employee is totally disabled under their plan and the penalty does not apply. Your situation is a standard tax transaction and appears to be reported properly, and the form is there to eliminate the penalty. I would have the documentation to support the disability claim if the IRS inquires, but it should be a pretty standard inquiry. Tom Lodi, CA