jklcpa

Has the person been your client all along? Do you keep copies of client's orig docs? If so, go back to the first year he or she reported divs. That should give you an idea of prch date. If you've saved copies of docs, use the 1st div date as purch date. Orig investment $$ is the hard part. If reinvesting and you have stuff in your files, just add all the yrs divs as add'l basis, with most recent 12 mos being short term. Of course, this won't work if they've had the fund longer than they've had you! I know that I don't need to keep all this stuff forever, but sometimes I do when I know that client's are not organized. I end up digging through files in storage if client can't provide it. VanKampen's site shows fund inception of 7/22/69. You can get historical prices & distributions from there. The site looks pretty good: http://www.vankampen.com/vksite/prices/history_mf.asp. Maybe this helped in some small way. Good luck with it.

I used the mini for the few that requested them. A few people did a good job & filled out completely, others used as a guide to gather data & just clipped orig docs to the pgs. That's double my work 'cause then I have to look at both. I'd rather have just the original documents anyway. The 25+pg organizer is just too big.

Right, but a lot of customers don't visit or know about the forum. I have a friend here in my state, we both worked together, both use ATX. We call each other with some questions. She's never heard of the forum (old or new) until I mentioned it LY. She made her first post the day before it was shut down, and she's never been to this one. Anyone remember how many users the old forum had? And then, consider how many are regulars vs. one-timers. Those that pick our brains & contribute nothing back.

Sorry, I read you too literal. I agree with your thinking completely on this.

I don't want CCH or ATX to have any say in this board by way of employing or outsourcing it to Eric, or any other connection.

Silly question, but are the 1099Rs properly marked for filer & spouse? Hope you can get it worked out.

I've calmed down a bit since yesterday. ATX KB says that IRS computer excludes these returns with sec 179 from e-filing because the IRS computer will reconstruct the income subj to SE tax. That may result in TP getting notice for bal owed, so they aren't allowing e-file of these. I e-filed these same returns with 179 LY with no problem & no notices.

Hi Jeanne, Welcome to the forum. And yes, JB is here & all the "regulars" from the old board. In my opinion it's much friendlier & more supportive of each other than the old one. If you have contact info for other ATX users, spread the word that we're here. It's a great group.

I know. I just sent a couple of emails to ATX. Lotta good that's going to do. I wonder if they even read the emails. I have returns that were promised for tonight that are affected. This is the kind of crap that just shouldn't happen, especially with less than 2 weeks to go. I am just so mad right now ....

Got a red warning when trying to create 1040 efile. Efile won't create because TP has ptnship K-1 with SE income & sec 179 deduction. ATX populates a Sch SE worksheet with these 2 #s then carries it to Sch SE line 2. The warning said these entries could cause the IRS to recalc the SE tax differently & must paper file this return. It efiled fine LY. I can't believe that this return needs paper filing. This is just not all that uncommon. Should I just put in an override on SE line 2 and dump the entries on the worksheet? Edited to add: I just looked at the return again & that worksheet for the SE looks like it's duplicated. The worksheet appears twice on the page. It's really weird. I think ATX update did something that's creating this error. I checked an older return completed on 3/20 & that worksheet appears only once. Very strange. I just love these late updates when they cause problems. This return is ready to go & now I can't deliver.

Sorry Joan, no Amer Funds here. Yes, it goes on line 7. Enter code "8" in box 7 of 1099R input and ATX will report on 1040 line 7.

For the loan proceeds: Cash $300,000 Loan Account ($300,000) For the stock redemption by S Corp: Treasury Stock $300,000 Cash ($300,000) If you were doing financials, the equity section appears like this: Common Stock $ 200,000 Add'l Pd In Cap 0 Retained Earnings (AAA) 1,000,000 I made this up, S corp could have PTI, AAA, OAA, etc Subtotal 1,200,000 Less: Treas Stock ( 300,000) Total Stkholders Equity 900,000

I think you need to play with the program further & put in some rough data for the rest of client's situation. Be sure to enter a name, SSN & choose a filing status. Otherwise ATX won't know which tax brackets to use. I'd actually open a sch e & the asset entry with the cost & accum deprec. Then use the disposition tab on the asset entry screen. Have 4797, Sch D, 6251 in the return too. I think that you may have some of the gain subject to 25% rate due to the depreciation aspect. Also, with that much gain your client isn't in the lower brackets & looks like part of the rate is 15% not 5%. I did a quicky & the info was showing up on the "Tax Worksheet" tab on the Sch D, not the line 44 wksht of 1040. Again, maybe because of the depreciation. You really didn't provide anything about the other income & deductions on the return. Be sure to test whether AMT is a factor. You don't want a nasty surprise after telling the client the tax impact. (ETA - I agree with Joel, I was still pondering & typing. Didn't see his posting )

I have a similar situation. Client died 12/23/07 & her son, the executor, came to me for final return prep. Return shows a balance due. In a 'normal' year without the stimulus rebate, can't the executor just sign a bal due return as pers rep without attaching the Court Cert'd Ltr Testamentary? This client does qualify for the stimulus rebate. Because of this rebate, should I then be attaching 1310 & Ltr Testamentary to the 07 return showing a bal due? Thanks for the postings, 'cause this hadn't occurred to me.

JB, after sch C is set up and input, then use the worksheet for line 29. Choose the sch C as the related business. The worksheet will properly calc the deduction and will also limit line 29 deduction if net earnings are < the premiums paid. It will also automatically carry the excess to sch A

Sorry Ed, I didn't mean you used TT, I did mean that TT was used to prep LY return. Anyway, I'm glad you solved the problem.

The health insurance plan to which premiums are paid must be established under the self-employed person's business. Those premiums paid to spouse's employer's plan do NOT qualify for the deduction. In fact the test is more stringent: the deduction is also NOT permitted for any month in which the self-employed person is ELIGIBLE to participate in any subsidized plan by an employer of the taxpayer or their spouse's employer. Deduction is also limited to the net earnings from self-employment.

My form 8801 seems to be calc line 9 correctly. It's ver 19 of the form. When I added the form to this year's return, I was actually surprised that ATX info populating the form with 2006 data even though it wasn't in the rollover. Anyway, since you used TurboTax last year, the thing I noticed is this: up at the top above the form, make sure you've entered the filing status used on LY return. When I deleted that entry, line 9 did indeed go blank. Maybe that'll fix you up.

I was going to check out any postings, but I couldn't be bothered to do the whole setup thing. Yes, please cut & paste it so we can all read it.

I started to post this in the "no complain" topic, then decided to start my own new listing. While the program has been very reasonable priced and has some nice features, we each have ongoing problems with it too. So how about a list of complaints about the program. Let's put it all in one posting without getting into a long discussion about pros & cons, but just make a list in general terms. Time is money in our business. How is this program costing us? I have experienced most all these problems myself, with the exception of research books: Slow opening files - antiquated platform for information storage, Delays in release of forms or unacceptable release dates compared to due dates, Temp delay in efile - CCH requiring ERO # on file. A variety of ongoing printing problems too numerous to list. We each have our specific examples, Rollovers of returns may be missing data, Mysteriously disappearing data, Tech support basically nonexistent. 1) personnel untrained on ATX; 2)long wait times (45-60+ mins is unacceptable) 3) and what tax software provider isn't open for tech calls on Sat during the season? Hard copy research materials purchased but never received, Inability to access support website due to password lockouts Increasing prices with renewal dates earlier each year

Yes, I'm boycotting.

I'm in too

Probably so that only those that have purchased the ATX product can see others complaints; that is the ones that aren't deleted/sanitized. So other software vendors cannot access the forum.

Spoke with the employer. It's not his SSN but an old EIN from when he & wife had a nanny. He assumed it was still valid. 2007 is first year for trying to use it again. He'll be filing Sch H with his not-yet-completed return. Someone from Price Waterhoosit of Philadelphia will be "coordinating this with me." Loved that one. Then he tried to say that I got the number wrong. HA! His email to my client was forwarded directly to me & the number matches the state reporting number handwritten by him. THEN he went on to b*tch about the high accounting & legal fees he would be paying to straighten this out. I just loved that one too. After that whining, then he asked if I'd consider fixing it. Sorry, not taking any new work to add to the mountain of papers I'm already under. I don't know just how many years the EIN went unused. Is it possible that the IRS reused the number again?????

This won't help you check individual items on the return that was efiled, but as a starting point how about checking the ack received back from the fed. Does the refund or bal due match the 8879 or 8453 printed & in the client's file? Go back to ATX 2006 program & look at the efile of the return. Is it the same as your paper copy in the client's file? I always print out a copy of the forms contained in the efile. If the above documents all match, then check to see if Sch D is listed as being included in the efile. I know it's not a big help, but possibly a start. Good luck.