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Showing content with the highest reputation on 04/22/2025 in Posts
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I just found out that the two efiles that were rejected did, indeed, go through with the extension filing. Clients can see the refunds pending in their accounts. I am putting it all behind me and moving on. Everyone who has an extension will get a copy of their return created before it gets efiled.3 points
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That should not be necessary.1 point
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Partnership losses are carried forward on the Individual Partner's 1040 return on Page 2 of the Schedule E. You always have to keep in mind that Partnerships do not pay taxes; profits or losses are passed through to the individual partners. My husband has carry forward Partnership losses for the second year in a row. His loss wipes out my tax liability but, unfortunately, does not wipe out my SE Tax.1 point
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Because they are separate efiles that can both be filed. You can file 4868 and then 1040, or vice versa. You can't amend a 4868.1 point
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I'm confused by this. How is it possible for the ATX program to allow the 4868 and the 1040 to be filed at the same time? Extensions I file are because I am missing data and the input has estimated amounts in it about 99% of the time. Will these returns require amending now?1 point