Leaderboard

I agree. I wish I could get the contract to process all the PTIN renewals at $17 each - I think I could quit doing tax returns. And actually come close to only working a few months a year, which everyone thinks is what I do anyway. Ha. Ha. /s

Probate is another reason people set up trusts. In CA for example, probate is long & expensive if assets are over a ridiculously low sum, I think it's $50,000. Trust assets pass outside of probate, so they make sense, in CA at least.

I asked at the IRS Forum in Chicago last month. No plans for at least 5 years to allow electronic filing of 1040X. I think it is a plan to keep the USPS in business.

In this client's case, I'd use the W-2 as prepared. If the employee is a nonresident and never sets foot in CA, the wages would not be taxed in CA. If the person does make an appearance within the state, that's a different story. CA uses a "source" rule to determine this. You can read it here under "compensation" : https://www.ftb.ca.gov/individuals/fileRtn/Nonresidents_PartYear_Residents.shtml Also, here is a very good article that explains it too. Its focus is on the CA auditing businesses with remote employees, but the explanation is there: http://www.sangerlaw.com/Articles/NonresidentsWorkingRemotely.pdf

It's not an ATX thing. It's an IRS thing. At this time, the IRS does not accept efiled amended individual returns. No plans for it in the near future, as far as I've read.

I figured it out. This is just making permanent the reduction we got last year.

Neither link works for me. Here's the JOA article. I can't remember what I paid last year and I can't look it up right now, but it seems like a sweet gig to earn $17 per transaction to process $33 payments.

The user fee is reduced to $33 but when added to the fee from the third party vendor who collects the fee, we pay $50. So from my point of view, I am not sure it really changed.

Also note that the instructions for Lines 1 and 8, Column (- Date Acquired state, "If you sold a block of stock (or similar property) that you acquired through several different purchases, you may report the sale on one line and enter "VARIOUS" in column (. However, you still must report the .... For Column ©- Date Sold Enter in this column the date you sold the asset.... This has been invaluable in grouping the dividends reinvested for several months or years and all sold on the same date. I have listed each sale date but used the Various purchase date and had several returns successfully efiled and accepted this year and last year with no 'love letters.' I think the intent is clear. At least in my mind, what there is left of it!