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Hi Jim, Gosh, it's good to be remembered & pls. know I remember our conversations too. Some "talks" surely seemed to be crazy to an "eaves-reader." However, each officially started w/ a tax question / situation. The path it took from there depended on the time & how many ATXers were still awake. I recall late night legit tax conversations ~ complimented w/ silliness to keep our sanity. ♦I haven't posted for a hand full of years. I often check the site ~ seeking already asked tax opinions + browsing familiar names. ♦I hope life's been good for You & others during my / our "quiet years." ♦My life has been okay. Things less than likable must be classified as acceptable, as I am not the one with ultimate control. ♦To clarify my philosophical stmt. I was widowed 11/23/15. Not a surprise. I provided in-home hospice. We talked / laughed until the last second. I knew. I was more prepared than most. I'd provided in-home hospice for Mom, an uncle, & helped w/another uncle (mom's brothers) + my hubby's oldest brother & would have helped w/another Bro-in-law, but Covid prevented travel. ♦I post my personal info as support for anyone currently going thru situation & for those who "turn around" & find themselves facing a loved one needing such care. Is it fun?¿ ~ not really. But, it's Overwhelming Heart Rewarding because You're helping someone You Love, Who is in Need of Your Love. ♦I'm currently helping some older clients w/ a variety of situations. They know I'm available to listen. I want to retire ~ but, I'm still here for my older clients (my peoples) whose partner's have dementia & don't have family who give a damn. The same wonderful people helped us after a devastating flood & helped me when hubby declined & moved on. ♦ Jim, see what you started when you "hoped life had been good to me." A 7 word answer: "Sure as heck, my life's been good" Your "hope for me" triggered me to share my hope for you & others.

If the payments cleared before the due date of the return, there will not be any Federal penalty or interest. Not sure about how your state operates. However, if the return is ever audited and an assessment is made, a FTF penalty would be added to the assessment.

Heirs inheriting the contract have to continue to pay income taxes on the principal and interest payments as they receive them. Once property is sold under an installment contract, that property is not eligible for a step-up in basis at the date of death.

at 11:59 pm eastern time Tuesday 11/22/2022.

If her travel was done while carrying out her duties of executor, then I see no reason why she would not be reimbursed by the estate, and expense deducted on form 1041. I don't see an issue if she is also a beneficiary, otherwise she is donating toward the benefit of other heirs. The expense is allowable under 20.2053-3(d)(3) which overlaps with Sect 20.2053-1(b) as referred to by Sara.

"Tax Exempt Organization Search tool As people are deciding where to make their donations, the IRS has a tool that may help. Tax Exempt Organization Search on IRS.gov is a tool that allows users to search for charities. TEOS provides information about an organization's federal tax status and filings." Definitely useful, last year I had a client make a $1,000 donation to a non profit which was not a charitable organization for purposes of taking a tax deduction.

I had a client who paper filed a return and had no response for over 6 months. Client called IRS and got instructed to e-file, at which point I was asked to re-create the paper return and e-file it. (Simple return; had been done correctly.) Refund received a week and a half later.

Lynn, I'm sorry I've taken so long to thank you for jogging my memory re date. I knew I'd read it somewhere, but with the hassle everyone has this time of year I couldn't recall exact date. Thus, I took the "easy way" & asked (a.k.a the Lazy Way). Thanks again. If you're near NOLA or not, "Laissez les bon temps rouler." (yes, I copied & pasted. This TN girl doesn't spell in French)

Apparently the bugs aren't fully worked out yet. I, too, had to update my password and wait for the 2FA code. The code didn't appear until I put in a filter with my AV software to allow emails from that IRS address. The emails weren't even appearing as spam, just blocked. Weird. I got that worked out and successfully logged in with a new password and the 2FA and renewed my PTIN. The weird thing is that several hours later after all of that, I finally got the very first 2FA code.

Hi Judy Good to hear from you! I agree with all you said and fondly recall the barbeque bash we sent one year to those outstanding folks. Good people, all. Like you, I am downsizing and looking at maybe 3 more years as my license renews end of this year. Best to you on your journey - it's been so great to have this community in various configurations since 1997 for me.

IRS cutoff date is 11/26 but ATX has the earlier 11/22 deadline . It is posted in the ATX newsfeed on or about 10/31

Damn Judy, I feel like I just found a long lost friend. Many memories of conversations with you on the old ATX "tree" board! Hope sure hope life's been good to you.

What's the last Nov. '22 day to e-file for ATX users? I have a few that gotta get in gear, So I can e-file before shut down. Don' t know if I should smile or kill 'em. I've used ATX 25+yr. 2001 or 2002, my family included Caribou, Maine in our road trip to visit orig. ATX (yrs before they sold). Sadly, we arrived after they closed since it was "off season." Oh well, Caribou is lovely & has a funny zigzag street, After 50 yrs. I am ready to retire + travel since Covid restrictions have lifted. I stopped accepting referrals yrs. ago & gradually decreased clients for several yrs. It's painful ~ because I consider my clients as "my peoples" vs. just clients. I'm sure other tax people with long term clients feel the same. To many long time & pre ATX sale users ~ I wish you super well. My prior sign-in was "Judy EA." We had a tighter/more personal sight before ATX sold & expanded. Which is NOT an insult or negative in any ~ simply fact. I sincerely hope all others enjoy their work as much as I have.

I was at my grandparent's farm (as a youth) and they had a rental home on the property. I'm sitting on the tailgate of the truck playing with a cat, their black lab is sleeping on the porch and another cat jumps up onto the porch with a dead mouse. The cat is playing with it, tossing it up into the air, rolling around with it, pouncing on it. Black lab gets up, walks over and eats the mouse. The cat is POed as the lab gives it a look as it lays back down. Lesson of the day is don't tick off a sleeping dog during his nap. Greatest days of my life were on that farm.

I see two prongs to your question: legal and tax. Whether she has to send it back is probably a legal question (though for an minor amount) that I would not likely advise on. However, if your search came up with an answer I would pass that on to the client. Regardless, if the proceeds are not returned, then I would include them in the estate.

Depends on the the purchase price vs fmv of assets purchased. For example, if the purchase price was $640,000 and fmv of equipment, trucks, etc was $200,000 then Goodwill was properly valued $440,000.

"The IRS reported in the latest update this week on the status of its mission-critical operations during COVID-19 that of those 4.4 million unprocessed returns, 1.9 million require error correction or other special handling, while 2.5 million are paper returns still waiting to be reviewed and processed. The work typically doesn't require the IRS to correspond with taxpayers, but does require special handling by an IRS employee so, in those cases, it's taking the IRS more than 21 days to issue any related tax refund." "In total, it has over 6.3 million returns in suspense, with about 2 million in unpostable status, 1.1 million processing rejects, a half-million in error resolution, and nearly 3 million still waiting to be worked for potential identity theft. Most math errors involved reconciliation of the Recovery Rebate Credit or the Child Tax Credit, and through Oct. 10, the IRS had sent nearly 14 million notices mostly concerning those issues."

"What you should do: In most instances, no further action is needed. Whether you filed electronically or by paper, we will contact you by mail if we need more information or if we made a change to your return. If you filed electronically and received an acknowledgement, you do not need to take any further action other than promptly responding to any requests for information. If you are due a refund, filed on paper more than six months ago, and Where’s My Refund? does not indicate we received your return, you should resubmit your tax return, electronically if possible." This is only one of about 20 topics on this report concerning delays including 2848 processing, ID theft, forms that temporarily allow digital sigs, and more. https://www.irs.gov/newsroom/irs-operations-during-covid-19-mission-critical-functions-continue#:~:text=As of November 4%2C 2022,to be reviewed and processed.

Most likely it was missed, I think it happens to everyone.

Oh my, that log-in system is really be messed up. I just got another email at 8 a.m. this morning with the same 6-digit 2FA code again from the initial log-in from yesterday at 1:30 p.m that said it was valid for the next 10 minutes. This is the third time it was send, and now a day later!

I totally agree that pictures are not to be tolerated. I have clients in other states and the time wasted on a document I can't read is not allowed. A texted screen shot is a crying shame. I want original or PDFs of the documents or I get a little crabby. A few clients are thoughtful enough to make copies of pertinent info before they bring it in. If they bring in originals, they get them back with a red check mark which means that they are entered.

"Easy decision when they emailed their documents - not sure what the solution is when they mail or drop off?" I don't think you have a choice. Could be wrong but, I mail the docs back with their copy of the return. "I can relate to this so much! The pictures of documents are the absolute worst." I agree totally. Been trying to figure out how to turn the monitor around, up and down, to see the ones they send upside down and backwards.

I did this the second day it was available without any problems. I submitted my renewal for my EA and haven't heard anything yet. I called the offie of enrollment to check to see if they received it. Yep, they got it, just sitting there waiting for someone to process it. Kinda scary.

Sara, try Verifyle. A friend here recommended, I convinced clients to use it and both sides feel paperwork are more organized. As the host, you can always remove the outdated doc so client wont get confused from multiple drafts. The only thing I would like them to improve is, if they can put a sign on each unread message from client on the dashboard to remind us to check. currently, the message is sorted by date only, and they will send message reminder, which is not good enough when you get busy. May someone has other suggest, but you could try if you didnot find any solutions yet. Thank you!

Personally, even though I know I am old-fashioned, I still like paper. From the same standpoint, I won't read an E-book. I want the paper in my hands and I read a LOT. I don't mind a pile of junk. It gets annoying at times, but I would rather have too much info than not enough. I just had a young man walk in the door with an amended K-1 for 2020 and his paperwork for 2021. Wowza!!! I never met him before because his mother always brought his info in. Apparently he decided to become an adult. BUT, they have their Partnerships prepared by another accountant and he just finished with the K1s for 2021. Will be interesting to see where this one ends up.

I can relate to this so much! The pictures of documents are the absolute worst. It's awesome to keep people out of here for stupid things (hey, when can I bring my stuff in? ), but I am happy as a clam that most of my clients hand me a stack. Even unopened mail. Just wrapped up one who moved to another state, mailed her docs to me, along with some things I didn't need (I can live with that), emailed me probably 14 times, and was very slow about responding to my questions. This all started on Saturday, September 10. I hope she fires me. Very nice lady, and I hope to never hear from her again.

NO emailed tax documents. Upload to my portal. If they mail/drop off/fedex/etc., then when I have time (it's going to be December this year) I mail back. I might start uploading their original documents to my portal and shredding their original documents. FREE smart phone app Scannable, blue logo with a butterfly, cleans things up. I've convinced clients to use it to scan/upload documents to me.

IRS QuickAlerts – October 18, 2022 Subject: 1040 Modernized e-File (MeF) Production Shutdown 1040 MeF Production Shutdown Schedule Shutdown begins on Saturday, November 26, 2022, at 11:59 p.m. Eastern time, to prepare the system for the upcoming Tax Year 2022 Filing Season. Important Note: Only "Send Submissions" for 1040 (both State and Federal) will be affected by this shutdown, all other services such as "Get Acks" and all state services will not be affected by the shutdown and users should be able to continue to use those services. Shutdown Deadlines on Saturday, November 26, 2022 Transmitters: Transmitting 1040 Submissions (State & Federal) 11:59 p.m. Eastern time. Important Note: Business (BMF) returns are not impacted by this IMF Production Shutdown schedule. The BMF Production Shutdown schedule will be communicated in a QuickAlerts bulletin, outlining the exact timeframes, in early December and the times will be posted on the MeF Operational Status page. Please monitor the MeF Operational Status page for any updates. We apologize for any inconveniences and thank you fo

Judy EA, hi! I was thinking it's 26 November, but wait until someone can cite the exact date.