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Showing content with the highest reputation on 04/21/2025 in Posts

  1. You can't create the 4868 efile unless you check either the lock amounts box or the set all amounts to zero box.
    3 points
  2. Maybe ATX accidentally sent a batch of 4868s twice? I didn't file my 4868s on the 15th. I always do them at least a week early. I would just delete the rejected acks.
    2 points
  3. To clarify Lee's post: "An eligible educational institution is a school offering higher education beyond high school. It is any college, university, trade school, or other post-secondary educational institution eligible to participate in a student aid program run by the U.S. Department of Education." IRS Pub 970 No gray area here.
    2 points
  4. I am sure you checked this, but did you "lock" the 4868 before you filed it? I still wouldn't have thought it would matter once the file was actually accepted.
    1 point
  5. I find it takes just a few minutes, and you have to receive acks to update it.
    1 point
  6. ^^^^^^ What @GLGACCT said. Double check that your efile manager does not show a rejection for the extension. If it does, call support. If not, you are good and the error is just telling you that you revised the return and saved it when you have an accepted efile. Tom Longview, TX
    1 point
  7. Are you sure the efile manager says the extension was rejected? After the 4868 was accepted and you go revised the return you will see some type of a save error like you stated but it should not reject the 4868. After you add the K-1 and you click on check return you will have a red error about the 4868. However, when you click the efile button to finalize the return after your corrections, you would only select federal and state. It will do the error check again and since you are not doing the extension the error will not be there. Again, this is assuming that the 4868 says accepted. However, in your case if the efile manager has the extension rejected something else is going on.
    1 point
  8. Not entirely averse to your message from Ohio - large farms in the midwest. I do have a few farmers with $2 million in equipment and annual repair costs that are huge. These guys have to have $150,000 in annual revenue just to break even. Ohio is perhaps the easternmost area of the "farm belt" extending from there to the Dakotas with huge farms. A "large farm" in the Southeast can be 100 acres. The Ford F450 I wouldn't allow was on a "farm" of 32 acres, with the owner having a full time job.
    1 point
  9. Immigrant tax reporting aside, this agreement violates the sanctity of the privacy bond between taxpayers and the IRS. We voluntarily give them our most private data and that of our household members and they lock it up so tightly that most of their own employees can't access it. In my Master's course I learned that IRS can share your data with NO ONE, the only exceptions being suspected terrorism and money laundering. We used to joke that you could list your occupation as Hit Man or Bank Robber and the IRS would keep it a secret. Breaking that bond can further dent the agency's tarnished image. ICE is demanding this disclosure to get immigrants' addresses. I think the tax return is not a good place to look. People move, have PO boxes, use someone else's address to get their mail because their own box is insecure, still use Mom's address because they're away at school or she always handles everything. I'm sure all of us have had a client or two who suddenly notices that the address we've been using for five years has the wrong street number of spelling.
    1 point
  10. I feel bad for all the IRS people who are going to have violate their code of ethics to do this. In addition to the hardworking immigrants who tried to do the right thing paying their taxes. And the economy, because all those folks have added a lot to it, and paid a lot of taxes, and now are not going to want to have real jobs, they're going to go for the under the table positions.
    1 point
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