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Just wanted to point out that S corp distributions need to be proportional to the shareholders' ownership percentages. That's why ATX allocated the distributions the way it did. When this happens with one of my clients, I have them make a corrective distribution as soon as possible.

IIRC, it is a political attempt to keep work locations within AL, rather than a neighboring state. Maybe the first attempt to directly reward for not having out of state remote workers. (And not that different than how GA, for instance, rewards with tax breaks for TV type productions - why so many things are filmed in GA.) I would not call it strange in the payroll world. All seems to be fair game at present (anything goes). Wayfair ruling has emboldened states to cross their borders to gain income, so now a state is at least temporarily rewarding for staying within their borders. With the rise of many min wage to more than double the federal number, employers are wisely looking at lower min wage states to have employees performing services, especially if there is low or no company income tax nexus caused by the remote worker.

They are trying to catchup from a year that was far too lopsided. I have explained the need to even it out, but cash flow has prevented them from retifying the issue all in one shot. Dad is the one being shortchanged by the son. He's knows he's losing value each day they don't even it out.

Why does this continue to happen? Is there comingling of personal and business expenses for one or both of them being paid from the s corp? If so, advise that stop immediately. If it is really just unequal cash distributions, suggest a bookkeeping analysis shortly before year-end and settle up between the two before the year closes. Is the owner receiving the lesser amount aware to the extent he or she is being shorted? It may not be intentional to the size of the amount, but sometimes seemingly smallish differences do add up over time.

Yup, but an ATIN is only good for ODC and CDCC, not CTC or EIC. And it was good for the Recovery Rebate Credit, which I forgot about. But the RRC also required that the SSN or ATIN be issued (or at least applied for) by the due date, so amending won't get you that either.

The adoptive parents should have filed a Form W 7A with the IRS and obtained an ATIN which would have allowed them to claim the child as a dependent along with any related tax credits. To be honest until I did some reading, I didn't know ATINs even existed.

Well that's nuts. And totally unfair.

Note that the PATH act of 2015 changed the law so that one cannot use an SSN or ITIN obtained after the filing deadline to claim credits such as EITC, CTC or ODC, so there may not be any benefit to filing an amended return. From Schedule 8812 instructions and Form 1040 instructions (for EIC)

Amend; it affects each partner's basis. State that correction is to allocation of distribs only and total distributions are unchanged. You don't want rhis to be a case of inconsistent treatment by partners vs partnership.

HAPPY MEMORIAL DAY

I agree, Veteran's Day is to honor all those that have served in the military. I am a veteran, but happy. My honor to all who lost a loved one.

Memorial Day is to honor those that have died while serving. It should be a solemn day of remembrance, and it was once called Decoration Day for the activity of laying wreaths and flowers on the graves of those fallen soldiers. For some of us that have lost family and friends in war, this isn't a happy day. Veteran's Day is to honor all those that have served in the military.

My NY license #s roll forward, but not CT. NY requires a DL, no matter what state the DL is from, for a NY resident or NR return. CT does NOT require a DL, but claims they DO use it for ID purposes if it's included. IIRC, CO doesn't require a DL but strongly warns that refunds will be delayed or language to that effect. At least TN and FL don't have state returns. It's too late at night to remember the other states 8 I file.

The ones I have entered have all come forward. IIRC, this is one of the items you select to either roll forward or not when first creating the file for the year.

Thanks to all who responded. I was able to recover Windows 10 in about 15 minutes once I figured out how to do it. Abby, the information in the link was really great - step by step for someone not very good at I T stuff.