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Look at the bright side. At least the SOL is running on all those returns sitting in trailers.

29 million returns that have to be processed by hand!!! How many mistakes are going to be made by the IRS? The system is broken. And guess who the clients are going to blame?

He may not have kept copies, but he had the information to input into his software. He should be able to give you names of payors, EIN's, and addresses from his electronic records. In ATX, you could print copies of the input screens.

I love this, what a great thought!

I did a google search that showed one of the top selections as a KB article from Drake. It indicated that 1040V could be used for mailing in the payment if the 1040X is being e-filed and said to pay particular attention to the address that the 1040V should be mailed to. The instructions for 1040X don't mention this method and encourage people to use direct pay on the IRS site or EFTPS.

Curious - how can client own rental property personally and pay the mortgage personally yet the rental income be reported on a partnership return? If the partnership gets the income, why does the client own the property and pay the mortgage? If the owns the property and pays the mortgage, why does the partnership receive the income?

Sound like a case of trying to turn lemonade into a lemon.

I agree.

I am using Drake, Drake Accounting and QB. I have not used ATX for numerous years. Abby, your setup is exactly what I was thinking about. Just another machine as a host to share folders and runt he programs from the host.

No, the 5-month rule is applied for the purpose of determining whether the person is considered a "student" for the age test. For the residency test, the person must live in the taxpayer's home for at least 1/2 of the year. The 5 months before graduation is a temporary absence from the taxpayer's home, but it isn't long enough to meet the "at least 1/2 year" of residency part of the dependency requirements.

The address is what brought this to my attention. I foolishly assumed that the 1040V was good for the 1040X. But the letter's address is to Kansas City, and the 1040v is to PO Box 931000 Louisville, KY.

is that last years drivers license information would roll over.

I usually check in every few days for the blog, updates, and to read what other people are experiencing with the forms and program. I find it especially important early on in the season.

My guess would be that it was originally purchased in her personal name and transferred to the LLC but the bank wouldn't change the name on the debt. Haven't we all seen that before? But why is she still paying it personally? Yes, a total mess!

Boy, what a mess! Are you sure she owns the property personally?

Well, no start up expenses. Be sure to do some basic cost segregation and capitalize appliances, furniture and perhaps landscaping separately from the Land and Bldg.

Got it. Didn't realize you were referring to that.

No, I tried my EFIN, PTIN, and EIN before calling CO AND TW. I just hate chasing bunnies like this. We all do, I know.

I didnt think of that. I will give it a try. Thank you.

Expenses for real estate prior to actually buying a property are not expendable prior to actually buying a property & putting it into service. Any other “creative” types of stuff she may be maybe planning on doing also isn’t expendable because she hasn’t ‘opened the doors’ for a business. It’s all start up costs.

The reason it's needed is to calculate the gain or loss on sale or trade of the vehicle. You see, a portion of the mileage rate is depreciation (about 26 cents per mile), and ATX will calculate and accumulate the depreciation/mile for you, but only if you put in the actual cost (or other basis) of the vehicle. So if you just use a down and dirty method for mileage, then when the vehicle is traded you have to go back and manually calculate all of the depreciation claimed. I suspect the IRS noticed that the gains on many sch C vehicles were being totally ignored by taxpayers and the government was losing out on some tax. If you're going to depreciate an asset, including the depreciation of cents per mile, then one day you may have to pay the piper... or in a case I had recently, the sch C taxpayer had a substantial loss on trading in the vehicle. So you may be screwing your client out of a deductible loss, too.

Well - we found some paper work on this car. It seems it was re-po'd.

well -can I also keep my vehicles on the schedule C vehicle worksheet? Is it really necessary to put these on the fixed assets when youre just taking standard? I've added my own line on page 2 of Schedule c - "mileage expense that used to go on line 9"

If she was under 24 and was a full-time student for any part of five months, she's a dependent: https://www.irs.gov/help/ita/whom-may-i-claim-as-a-dependent The deal breaker can be the support test: did the child pay for more than half of her own support?

I was looking at the TOTAL adjustments before. Sorry. That was inflated for half of SE Tax. The SEHI total for both is $15,319. It includes Medicare, Medigap, Long term care, dental and Part D.

Re-installed the Anti-Virus and ATX is still working. Thanks again. You guys are the best! Tom Modesto, CA

I always take for both spouses in cases like this.

I have been telling my clients there is no rhyme or reason why things are happening with the IRS as they are. Back log, under staffed, utter craziness and you name it. I have been advising the direct draft as the best vehicle for paying a balance due and that went south for a while. So, put all the excuses in a jar under the desk, reach in and pull one out and say this might be it but it is a crap shoot at best. Seriously, I see it taking a few years for the IRS to get back to anything we used to call normal. This goes for some of the states as well.

GVWR is the recommended loaded weight.

Yes, transporting over water, asset class 00.28 See table B-1 in pub 946. Yes, asset class 00.21 or 00.242 if actual unloaded weight is over 13,000.

Not sure if this was posted or not but, My Wish For ATX is to have them send the client an email notification or text that the return was efiled and approved. It would be a nice touch to receive that automatically once the return is approved.

schiralli, I really appreciate you stepping up and taking one for the team with this client. I know the law of averages kicks in at some point, but I have been really fortunate so far this year.

Extensions plus extra charges.

And the child's age was on the left and not a scroll over to the right.

These issues never end this year. I can't pick up a single gravy return. Every single one has something in it that I gotta mess with. This guy claims the 1099C debt was for a used car that he had purchased 5 years ago and returned to the dealer claiming lemon-law. Says that everything was settled. I asked him if Wells Fargo had tried to contact him, or send him any notices on this debt that was supposedly taken care of. He claims not. And of course - can't come up with any of that old paperwork. SMH...........crying..............searching for new career......................

And just to put icing on the cake, the 1098T from the daughters college shows 200 tuition and 25000 scholarships. I GIVE UP!