TKTax

If you don't do a lot of them. I use Wagefiling.com . It only does forms 1099-misc and W-2. $3.49 per form. E-files federal and state, and you can print copies. No software to download.

I see a spot for this on my renewal form. Anybody ever get one?

From US. Treasury Website: Statement from a Treasury Spokesperson on Forms 1095-A 3/20/2015 WASHINGTON - In light of today’s announcement—regarding additional incorrect information on certain Marketplace tax statements (Forms 1095-A)—the Department of the Treasury is expanding the relief it announced previously on February 24,which will mitigate any harm to tax filers. Any individual who enrolled in qualifying Marketplace coverage, received an incorrect Form 1095-A, and filed his or her tax return based on that form does not need to file an amended tax return. The IRS will not pursue the collection of any additional taxes from these individuals based on updated information in the corrected forms. This relief applies to tax filers who enrolled through the federally facilitated marketplace or a state-based marketplace. As before, some individuals may choose to file amended returns. Treasury intends to provide additional information to help tax filers determine whether they would benefit from filing amended returns. Individuals also may want to consult with their tax preparers to determine if they would benefit from amending. Only a small fraction of tax filers received incorrect Forms 1095-A. Treasury estimates that in the vast majority of these cases, the impact on an individual’s tax liability will be very small. We continue to urge individuals who have been notified of errors on their Forms 1095-A and have not yet filed their tax returns to wait to file until they receive corrected forms.

Taxpayers who've filed their 2014 returns only to learn that the government provided them with erroneous information on health care subsidies won't be required to submit corrected returns, the Treasury Department said Tuesday. This is a link to an Associated Press article on Yahoo News. http://news.yahoo.com/treasury-issues-reprieve-health-law-tax-errors-210040867--finance.html;_ylt=AwrBEiLuLe1UKDkA0wfQtDMD

Kristin asked development to enhance this, per the other board.

Just an FYI. When you fill out MN Sch M1CR (M1) "Credit for Income Tax Paid to Another State", ATX is not automatically adding form MN Sch MIC. Without it, the credit does not transfer to the return. You need to add it.

Clients are brothers with jointly owned rental properties. They have had them for a few years, and have always reported their proportionate profit and loss on their separate returns. Never reported as a partnership, just a "joint venture". Halfway through 2014, they formed an LLC. They have not moved any properties to the LLC yet. All ownership is still joint in their names. Can we file a Form 1065 for 2014 using the rental activity, even though the properties have not formally been moved? How would we account for the first part of the year? Open to suggestions...

Beware - The itemized deductions from Schedule A are not transferring to the Wisconsin Schedule 1 - Itemized Deduction Credit on page 4,.

I use Complete-time -tracking. It is inexpensive and meets my needs. I do not have employees. You would have to see if it is appropriate. http://www.complete-time-tracking.com/?mi

Client refinanced his personal home to partially finance an investment property. We have been allocating a portion of interest as investment interest. He has now sold the investment property, but still has most of the loan on his home. Can we continue to take a portion of the interest as investment interest?

Could some one please tell me where to deduct reciprocal income? My client is a Wisconsin resident, worked in Michigan, and had taxes withheld.

Client would like to deduct the monthly fee on her "Lifeline" Personal Response System as Medical Expense. I have not been able to find anything solid on this deduction. Some of the device websites, claim that it may be deductible. Any thoughts?

My client's father died in 2011. No estate tax form was filed. Estate was not large enough. Form 1099-R from his pension has been issued in the estate's EIN for 2012. It shows the income and Federal Tax withholding. He needs to distribute the pension to his siblings. Can he issue 1099-Rs from the estate? How can he get the federal withholding? Could sure use some help on this.

Thank you, KC. I looked at these elections a bunch of times, but could not see what was plainly in front of my face.

Client wishes to make a Section 454 Election to report savings bond interest on a final return. Death was in 2012. Redemption of bonds is 2013. No Form 1099 for bonds. I do have a Fed ID for the Estate. How do I Report it? Does just doing it make the election? Do I have to file a paper return? Any help appreciated.

Filed Form 2553 with an incorrect Fed ID Number. Any suggestions?

Just FYI. I don't think ATX is calculating the child care deduction for Wisconsin correctly. It should be the same as Line 6 of federal Form 2441 (within the limit), but it is instead using the credit on line 11.

Thanks for all the replies. Sounds like I'm screwed. I think I will try Taxbilly's tactic. Tim

Found client's form 7004 in file. Thought it had been mailed. Will a fileing the late extension now stop the bleeding on a no-tax due 1120S?

I have been using this file transfer option of the Wisconsin Form RA. It has saved me postage and paper. It works pretty nice once you get the hang of it. i like the confirmation that it has been transferred. This is the website: http://www.dor.state.wi.us/eserv/w-ra.html

I am thinking of using the Wisconsin website to transfer required attachments with the Form RA. It says to send W-2's with the Form RA and Form OS that I am sending. Wouldn't they already have the Forms W-2 with the Wisconsin e-file? Wonder if we have to scan the actual W-2, or is the ATX input good enough?

I'm pretty sure ATX will have a new version of the e-file by then anyway. I'm guessing we will probably have to update and create another e-file at that time.

My client, who has a small carnival concession stand, incorporated as a 'C' Corporation. He had told me he would be an LLC. I do not do Form 1120 taxes. I realize that the return is already late of course. He did not set himself up as an employee. Can I just file a late extension for the 1120 corp, and go ahead with his individual return? Can he convert to an LLC in Wisconsin? Thanks for any help!

An insurance salesman receives bonuses in the form of paychecks reported on a W-2 from an insurance company. He is paid a salary by his employer, and by agreement gives this other income to his employer, a broker. I have seen this done with 1099's, and it has just been an exchange. I reported it on a Schedule C as a wash. Because of the W-2, is it possible to take this repayment anywhere other than as a miscellaneous deduction? Maybe a negative on Form 1040 Line 21?

Some railroad workers, as members of the UTU, are eligible to receive payments from the job benefit fund. It is a plan providing payment for a specific amount and period of time to an employee suspended, dismissed or removed from service. The workers pay a voluntary assessment from their paychecks. The benefits paid are reported on a 1099-misc as other income. My question is, are these benefits taxable? Would they be allowed to deduct the assessment from them? thanks for any input Tim