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Above 2 posts were moved from the topic about ATX crashing so not to derail that one and be able to continue this one on its own.

It's not pinned, but you can find the related posts by searching for "large address aware". Use the quotation marks in the search box to search for that exact phrase, otherwise the search will bring up every post with any of the three words. Look for the posts specifically by Abby Normal, but some are a few years old now and I'm not sure if those are still all valid or if the linked site to obtain the LAA is the correct one any more.

Talked to Drake: clueless, and suggested trying to resubmit but of course the software won't let me. Brief call to GA DOR tax pro hotline: "we are aware of the problem and are behind in processing. Please have patience with us as we try to catch up." At least now I know that the problem isn't on my end, with the software, or with IRS transmitting to the state.

Haha, so simple. I checked the sections for tax pros and e-filing. Thanks again.

Thank you! I checked the GA DOR site and couldn't find anything. Curious where you got that info?

Has anyone else filed a GA return and had very slow return of the ack? I filed a nonresident GA individual return over 3 1/2 days ago and nothing back yet and have never had any so slow. The Fed and other 2 states for this client's return came back almost immediately, same as they all did last year.

3115 charges as a separate line item too with the explanation that that is the cost of his choosing to not hire a professional in the first place and/or using TurboTax incorrectly. That's assuming you think you can train him to be a worthwhile client, otherwise dump him now without wasting any more time.

It's still early in the season and perhaps Drake isn't calculating this correctly and needs to make a program update. Have you checked the Drake forum to see if anyone else is reporting the same or similar problem? For populating the 2210 and/or the state equivalent, Drake picks up the prior year federal and state tax amounts from screen 1 that should have been created during the rolling forward of data from '21 to '22. If you are sure that the return filed did show that amount on line 30 and you would like the program to use the lesser amount of $14,506 on the 2210, you can change it to that amount at the bottom of screen 1 within the program. That is the screen that has the TP's name and address on it.

Might this partnership consider electing out, and therefore would not need to designate a representative? This blog has a brief explanation of why a partnership may want to consider this, especially this one with A & B having divorced last year. https://www.yeoandyeo.com/resource/why-an-eligible-partnership-should-elect-out-of-the-centralized-partnership-audit-regime

Start with my post from this topic back in 2019. It has a link to a JoA article that also may help.

Were any loan repayments made before basis was restored?

I edited the images and reattached them for Joan, hopefully removing or hiding the clients' identifying information. It's all so small and blurry on my screen that I can't tell if there's anything still visible that I missed, so someone please let me know if there's something still showing.

Yes, I would do that to avoid the matching problem since the state issued a 1099-misc instead of a 1099-G.

https://www.irs.gov/newsroom/irs-issues-guidance-on-state-tax-payments-to-help-taxpayers

Terry, I'm no help as I have all DE partnerships and none that file in MD. It sounds like a program update is needed to correct this.

Wow.

I agree that the tax portion of the refund is nontaxable since they used the standard deduction, and also agree with mcbreck to report the $396 as interest income.

Hmm, that doesn't happen on returns I've prepared, but I'm not sure which of the settings helps with that. Here's how I have mine set up, if it helps: In the program's main setup menu on the tab for "Optional Items on Return" I have a checkmark to always print the date on the return, but I keep the box unchecked for printing the date next to client signatures so that the date line on the 8879 and state e-file forms is blank in case there is a delay in the client picking up. Then, in each return's input: on the PIN screen I entered the date that I print/assemble/sign the return as preparer, on the ADMN screen (found on the Miscellaneous tab) I enter the date complete that is the date I'm printing the return as pdf and saved to the document manager. This is in case a program update causes a change and I always have the pdf as an archive, and on the PRNT screen (also on the Misc tab) I enter the date I print the return as the date to appear on the return.

The program has a planner that you can use to estimate next year's taxes. Once you are finished with 2022, open the planner and select 2023 and the program will replicate all the entries from the 2022 tax year into 2023 with inflation adjusted items at the correct amounts such as the standard deduction, etc. It will also calculate whatever state is in 2022 and you can make any changes in 2023 that you want to. You can have more than one planner for 2023 and even print a comparison. Once you've made all the changes you want in 2023, do make sure to "calculate" so that your changes are incorporated into the planner's figures. You can then easily use that tax minus any withholding to come up with the quarterly amounts the client needs to pay in.

No, Tom. IRS tax topic 756 explains it well. Here's the link, or search for that topic # https://www.irs.gov/taxtopics/tc756

I know it is.

Enter as wages so it's subject to regular tax but not s.e.tax. Also, as an employee, Sch C would not be appropriate where this person would end up paying both shares of the fica and medicare.

Using one of the practice returns, I was able to create vouchers for both states in one return. Those vouchers for both states did appear on the print screen The things I had to do: Install each of those states Make sure that one of those states was indicated as the resident state on screen 1. In my test case, I used OK as the resident state. Make sure that the other state had some sort of input by going to the State Tab, selecting the Kansas (the nonres or PY return) input for General Information, and I simply entered a "T" for taxpayer in the top box, and OK in the PY resident state box. Go to the ES input screen and in the lower right quarter of the screen, enter one of the state abbreviations, the "IN" to indicate the estimate is for individual tax, enter the amount for each of the vouchers, THEN Page down to a 2nd ES screen and repeat the above input for the second state entering all of that similar data. Calculate or go to Print/View where I was able to see +/or print all 4 vouchers for each of the two states.

@Terry D EA, I got the same thing because it is using the mid-quarter convention for the 4th quarter. It's falling into that MQ convention because the program thinks more than 40% of assets placed in service during the year occurred in the 4th quarter of the tax year. Either that is the case and the calculation is correct, or not correct if you haven't entered other assets yet that remove that mid-quarter convention. $38933 / 15 * 1.5 * 1.5 months of 12 = 486.66.

Your math is correct, if that is what you want to accomplish. Instead of using "DB" as the method, which is for pre-1981 assets, try the code "ALT" that should calculate for alternative MACRS 150%DB.