jasdlm

I hate it when clients have half-*** S Corporations with rinky-dink bookkeeping and huge distributions in excess of basis that I can't prove up using the balance sheet. Turtle Poop. I'm irritated.

Okay ... I'm paranoid now. I use ATX, and it's working correctly. I put the taxable amount in box 2a, check the box at the bottom of the entry screen and enter the QCD amount, and when I go to the 1040, it's handling it correctly. What am I missing? The efile prepares and files, and I haven't had any problems. At this late date, I'm worrying that I've filed zillions of returns incorrectly, and I'm not even smart enough to recognize it.

I am having the same problems as Schiralli, and I, too, have followed the memory configuration changes (had my IT guy do it), but it still crashes (8 times yesterday) in the middle of returns. Literally 'blip' and it's gone ... no warning. Other times, I get the 'program needs to shut down' and can use Abby's trick of shutting it down with task manager and restarting. If it 'blips' and is gone, I have to reboot my entire machine. I'm now running 2 machines because I can't have anything open other than ATX. I really like the way the ATX program works, but I hate this part of it. Grrr. 2013 was an AWFUL year in terms of the software. This one ranks second in my book.

It absolutely stinks, but not as bad as when someone takes 31 trips to Goodwill and you have to complete Form 8283 (which I hate with the power of 10,000 suns). I took some advice a few years ago from Abby, I think, (sorry if I'm remembering incorrectly) and sometimes use a 12.31.__ date and combine them all. Blech.

Every time I close ATX OR it boots me, I have to restart my computer to open it again. I'll try the task manager fix Abby suggested (if I'm not booted). So frustrating. I'm using a separate machine for email, docs, excel, etc. Only using ATX 2021 and 2022 on my PC and still having these issues :(. MY PC is also where I have to run QB, so this is a lot of fun when doing corporates as I think both programs are space hogs. Boo.

I have the same problem.. Sometimes it closes in the middle of something with NO warning. Just 'blip' and it's gone. When it warns me, I can close the warning and save and shut down, but when it 'blips', it won't start again until I reboot my computer, and you can't trust that changes are saved even with the auto backup on. I have done the fix recommended in the other link (for which I am very grateful; thank you!). It is better, but not 'fixed'.

Thank you very much, both of you!

Is anyone else having this problem? I'm trying to figure out whether to call my tech people (which would do nothing for me if it's an ATX/Program problem). Thanks!

Personally I would flow it to schedule C.

This happened last year all the time (to me). I cannot lie; I quit reading the messages. They were completely unimportant and not requiring action. It will probably bite me sometime.

Trying to create W2 for Household Employees. 2 employees. 2nd one didn't end up making $2,400 because of some unexpected changes, but my client withheld FICA/MEDICARE for paychecks throughout the year. ATX won't let me create the efile without changing 'household employer' to 941 because she didn't make $2,400. It seems weird to click '941' since no 941s were filed, but the only other option I can think of is to have my client refund the FICA/Medicare, which seems strange. Anyone else deal with this before?

I have been using Docusign to allow clients to sign their 8879s remotely/electronically. On its website, docusign says it is IRS Approved. However, in reading the IRS requirements, I'm not certain it complies because Docusign doesn't ask any Identity Verification questions. Thoughts? What do others use? I know there is something that is part of ATX, but I haven't used it. Thanks much!

Two questions: 1) Clergy receive honoraria for funerals, but the monies are paid from the Church rather than the funeral home. I believe these should be added to the Clergy W2. Correct? 2) Others (non-pastors) receive honoraria for funerals (music, sound, etc.) again paid through the Church. I believe these have to go through payroll. Correct? If the funeral home pays these directly, of course, payroll not affected. I'm getting pushback so want to confirm others handle these the same way. Thanks!

I still have all my volumes of the CCH guide ... anyone else remember the big black 3-ring binder notebooks? I keep them on a bookshelf now for decor!

I cheated! I made 'King' Cake today, but I made chocolate (my crew isn't in to the pecan/raisin swirl thing). I did make it round, but I put Baby Jesus in the center hole rather than baking him into the cake ... I know he's Holy, but I still think his plastic version could be carcinogenic ;).

I did the Bob Jennings seminar on the 19th and 20th of December. I forgot how much I enjoy his presentations. I took two of my staff members, and they both enjoyed the presentations, also. Not my only continuing ed, but a good refresher and energizer for the upcoming season!

I have done this (Credit) once in my life. If no one here is more familiar, I'll try to dig back and see if I can figure out exactly what I did. I remember the client, but I don't remember what year it is. Replying to bump this up.

Partner wants me to amend 1099 filing to issue her a 1099 NEC because her accountant said, "The commission income from the specific contracts should be reported to me and the IRS as Form-NEC income instead of Guaranteed Payments to Partners. This would allow the partnership to properly deduct this amount to arrive at Net Income instead of the confusion on the Schedule K-1 as currently being reported.” The 'confusion on the Schedule K-1', which I prepared, is that she could not take QBI against the Guaranteed Payment. I do not do her return, obviously, but I do the partnership return. Other than a 1099 for interest, is there some type of service for which I could issue a 1099 NEC to a partner rather than a k1? Thanks in advance. These types of things make me question my competence and ability to read.

Sorry ... I meant 401(k), IRA, 457, 403(b) ... retirement accounts that pass by beneficiary designation and cannot be held in a Revocable Living Trust ... basically seeing lawyers convince clients they need trusts when they really don't have any assets to fund said trusts ... a big pile of worthless paper in my humble legal opinion. (My colleagues would skewer me.) Mum's the word. Don't rat me out.

Yes.

Equipment leasing income. Line 1 comes from operations of the business. They usually sell, but they have a large piece of equipment that they just finished that they got a lease offer (it's actually a pass-through from another entity but they're connected). So ... normal business activity (sales) on line 1, bonus depreciation on equipment being leased (huge) on line 3. Operating lease.

Client has $300k income on line 1 from 1065. Large Passive Loss (bonus depreciation on equipment that is leased). ATX offsets the SE income by the passive loss so $300k ordinary income but no SE income. I know the IRS is coming after this when passive losses are used to offset SE on Guaranteed Payments. Anyone have thoughts on offsetting General Partner Non-guaranteed payment SE income? (i.e. Box 14 is negative) Is the IRS after that, also? Thanks much.

I've only had one request so far for 'a second extension'. 3 people dropped off today ... two more making promises :(. That sounds like a nasty bug you dealt with. Don't over-do!

Sorry. Incomplete information. No 1099, either. I understand that there doesn't have to be a W2, but there is nothing. I guess I shouldn't worry about it? Just report the housing allowance and roll on down the road?

Client has an email stating 'your housing allowance for 2021 was $25,000'. No W2. The organization said 'we don't do W2s'. Is this a thing? I do about a dozen clergy returns, but I haven't ever done one without a W2. Thanks so much!