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There are a few members I have not seen post or chime in for a while, hope you are doing good, let us know you how you are doing.

My brother and I founded ATX and when we were searching for a name, there were over 200 professional tax companies at that time. Since we wanted to be the first company in a magazine review, our first requirement was that the name started with an "A". Also back in the day, "X" was a hot new way to name a company. And last but not least, all the the big companies were three initials--CCH, RIA, BNA, etc. And from here, ATX was born. Later, it was pointed out that ATX was an anagram of TAX so this became our official explanation as the first took too long to explain the real reason. Anyway, it's great to see the community again! Skol! Glynn Willett P.S. The rest of the story is that we began www.mobymax.com after ATX, and we are hot on the pursuit of taking over the education market :-)

Too much lurking? I'm checking in here a few times every day, and I still have a few returns to finish before I can really relax and recharge. My battery and motivation are at all-time lows.

I'M........

Ditto! I guess I can quit HOPING your non-compete will expire!

ATX was much better when you were there. I love the software, hate CCH. In fact, my screen name on the official ATX board is "Idon'tlikeCCH". The soul of the company left when they closed down the Caribou offices and moved to Georgia. Tom Modesto, CA

Or perhaps, GRRUNLIKEHELL!!

Yesterday, IRS announced that the 7/15 deadline will not be changed.

What I would question (and there is not enough information here to determine), is the $53K Housing Allowance designation. If he is trying to deduct OIH, then he apparently owns the home? Are you saying his mortgage interest, real estate taxes, utilities and other eligible housing expenses -- actual out-of-pocket -- equal or exceed FRV of $53K? As the rule for exclusion is the lesser of the three -- FRV, HSA, or ACTUAL. Did you do a worksheet? I always do and put a copy in the return file. And Medlin is correct; there is no IRS rule about showing the HSA on the W-2. Then you have to get it from the church or paycheck stub. But there is no rule that says they can't issue a W-2 either.

I’ll bet the app is named GRRaze.

T Rowe Price doesn't have to think anything is weird about someone not taking a distribution since it is an accumulated figure and they could have been taking their distribution from another IRA at a different firm. You aren't required to take the RMD from each account. Their only requirement is giving you that RMD number each January. IMO you need to figure out the RMD from EACH account and compare it to what they took out. I have clients who might have an RMD of $21,230 per year and they'll take out $23,000 just to be sure. If that forgotten IRA was small enough, they might not have any problems at all.

W2 is always proper for a minister employed under contract with a church. It should reflect housing allowance in box 14, zero social security, zero Medicare, and box 1 earnings in excess of the housing allowance. I have seen W2’s with only the box 14 h.a. Entry. There are examples in Hammar’s or Worth’s clergy resources.

You don't have to amend. Report on year 2020. Have him take out the RMD NOW for all missed years . Good thing he doesn't have to take any 2020 out so income won't be as high. Have T. Rowe Price resend him the 5498 for each missed year and it will tell what it should have been taken. Also all they have to do is notify the client of the RMD amount. they don't know if he took all of it out from one IRA. I have never had a problem with the penalty. just do the 5329 page 2 and give the reason and tell them that you have now signed up for automatic withdrawals so it won't happen again.

So welcome, Glynn Willett! So happy you found this diaspora of ATX users, many of us for decades. Like Abby, I also am a big fan of ATX since 1998. And will use it until retirement hoping it lasts that long. Many of us have very fond memories of the great group in Maine years ago and several of us contributed to a picnic for them in appreciation. We were loyal because they deserved it! Keep in touch!

Wow. This is awesome! FWIW, ATX is my favorite tax software out of the half a dozen or so I've used, mainly because I can fly around tax returns so quickly, so I can charge a higher hourly rate.

Just to be perfectly clear, you must have the Comparison form in the 1040 your extending, and the prior year column must have the actual amounts from last year's 1040 for this to work. And the entire purpose of this is file a 4868 based at least on last year's tax, instead of filing a zero extension. Also, if a return is almost done, restore the 4868 fields so the draw from the current year 1040, if you think they're more reasonable.

I have a boat load this year!

Really. That is true. I am an S-Corp. I don't have to have a reason for closing, and I imagine I could have laid myself off and collected as well. I do pay myself a regular wage on a W2.