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Like Marilyn, I've had the same HP Laser printer going on 7 years now. It's a 2420d and has worked well with each of ATX's tax programs since then. I think it's fairly fast, can print at speeds up to 30 ppm, faster from the top tray than the drawer. I've been running Win 7 Ultimate 64-bit since 8/2011 and prior to that it was Win XP Pro. I haven't had any compatibility issues at all.

Good question! I created a 2010 dummy return with your fact pattern and rolled it forward. In the 2011 return ATX is reducing the recovery basis using the current year percentage of business as I'd expect. From there the current year depreciation expense is being adjusted as if the reduced business use percentage was used for both years. The reduced depreciation amount is shown on Sch C, with nothing on line 6, and not reported on 4797. In other words, my dummy Schedule C is reporting the depreciation expense net of the recapture. Judy

Blame it on Apollo

You would used Form 4797, lines 33 through 35, col B. Those lines show the originai depreciation, the amount recalculated using the reduced percentage, and the recapture amount. From there, the amount on line 35 is to be reported on Schedule C, line 6. Does TRX have a worksheet for line 6? ATX does and the amount from the 4797 would be carried to that worksheet and from there, to line 6 of the Sch C.

A client needs to issue a 1099-misc for a business that folded last year. I have an envelope with the W9 returned undeliverable with no forwarding address available, and the business does not have phone contact either. I believe the instructions say that a 1099 can be filed with the rest if less than 25% of the 1099s are not missing the EIN. Anyone know if this will cause the entire batch to reject, or do I have to paper file the whole batch. Suggestions?

Use code sec 461 for the points. The other charges are added to basis. If it's rental property, then those costs are depreciated over the appropriate life depending on whether it's residential or commercial property.

You also have to enter the required info on the "Payment and Refund" tab unless it is a zero balance return. This is the same for the states. The ATX program will not create the e-file if this data is missing. It will show a box at the bottom with errors to be corrected in red. Correct these and save the return. Then create the efile. After creating the e-file, the program will go through its own "save" function. Do not save the file again or the efile will be rejected by the program because it thinks you may have made changes prior to submitting to the taxing agencies. This is not a reject by any agency, only a program reject as a safety feature.

Oh, this must have changed for the new security laws because It used to give the entire number. Thanks for posting the update.

lol, I thought the original question might be a joke, sorry JB. Anyway, it made my day to see that jainen posted something humorous. I think jainen is wrong on one point though. The Pope should be addresses as "His Holiness". "His Grace" would be appropriate to an archbishop and more than insulting. Does anyone remember when Pres "W" greeted the Pope with "Your Eminence, you're looking well" (title would be used when greeting a Cardinal) or when he said "Thank you, your holiness, awesome speech" ?

Five free searches per user name (email address) at the link below. I used it several years ago and was able to find one business, others not so lucky. If you exceed the five, use another email address for five more. http://www.feinsearch.com/

Checking this person's posts you will see that this person used the home version of Turbo Tax last year to prep family returns for free, started prep'ing returns as a business this year, purchased ATX, and wondered if the files would transfer. It's more than a little worrisome that a person in the tax prep business would ask such a question. Ah, but that is part of the reason for the PTIN registration and testing! Hope this "preparer" is up on that.

I deduct it each year too, but I was curious if anyone was capitalizing it.

Just curious whether you are deducting the annual cost of the ATX software yearly, or are you recording it as 3-year off-the-shelf software and depreciating since it is available to use for as long as it will run on your computers.

Active participation also includes being allocated a forfeiture, even though the employee isn't contributing during the given year. I've seen that too, and the person was shocked to see the block checked on his W-2.

The 2011 Form 1040-ES and its instructions show the 1st quarter due date was 4/18/2011. 2011 Form 2210 shows a due date for the 1st quarter estimated payment of 4/15 and is showing the payment being 3 days late. This is going to be a loooooooong season.

Thank you, Margaret. I posted over in the e-file section that I thought the larger companies such as Paychex, ADP, etc were reporting agents, and that we were only EROs. Like you, I would choose to have individual Pin #s unique to each client.

I'm confused on this. For those of you e-filing your client's 941s and 940s, are you acting as EROs with individual Pin #s for each client, or acting as reporting agents with one Pin # no matter how many clients you file for?

I've only ever customized the client letters and cover to be more generic and shows through the particular window covers I use. I wonder if even doing that will cause a problem with the program?

First you have to go through IRS e-services and update your ERO application to include the efiling of the 94x series of forms. Then you have to request a separate 10-digit PIN for each client that you want to efile. That request is made on the 940/941EF form within the ATX program. Create the efile and send through the efile manager. The PIN is mailed to each client in 7-10 days. Reporting agents can get one PIN and then each separate client does not need a PIN. Someone else mentioned getting one PIN as a reporting agent, but I don't think that's what we are, we are only EROs. I think of reporting agents as outside payroll companies that actually process the payroll, handle direct deposits, and remit the taxes on behalf of the taxpayer's they represent. Maybe I'm wrong on this thinking though. :shrug:

It's crazy but I'll take it. It's going to be 63 and rainy here tomorrow but that's OK. It's still better than shoveling snow, a painful back, and high heating & electric bills. One of my easy return clients came by this afternoon. It's the first time in about 5 years that I wasn't worried about him slipping on an icy sidewalk or having to shovel snow away enough for him to get in.

Thank you!

My two cents, fwiw: I just applied for a pin for my own firm's 941/940 to test the waters. For myself and clients, I added W-2 efiling this year but will continue to give clients the printed 941s to paper file because I still have to give paper returns for the state withholding and state unemployment.

1099-misc to service providers such as repair people, window cleaners? Since the LLCs sole activity was rental, I wasn't sure if this excluded them from the 1099-misc rules.

Taxpayer and wife have a rental property in an LLC, taxed as a partnership. The only activity of this LLC partnership is the renting of commercial property. Does this LLC need to issue 1099-misc forms, or because this is rental activity, would this exempt them from the requirement? TIA for any insight. I already hate this year, and it's barely rolling!

No rule change on that for 2011. It should be included in the W-2.