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I don't work on these. Glad you found your answers.

I believe if injury or disease prevents one of a married couple filing MFJ, the spouse can sign the return. There is a checkbox that will allow you to attach the required dated explanation. In Drake, this is found on the Misc tab and then on the screen entitled MISC-Miscellaneous Codes/Notes. Look to the right side of the screen where you will see "Special Signatures". Check that box and click "SCH" to attach your explanation. I used this method for several years where husband suffered from several alzheimers and was in a facility, and the wife didn't have POA, and at that point husband lacked mental capacity to grant POA anyway.

I received an email with a pdf attachment this morning from "Department of Public" stating that the FTC has evidence that my SSN has been used in NM and TX for international wire transfers to blacklisted bank accounts. The sender's email addy is some gibberish through gmail. I never click links in email or open attachments, but unfortunately when I moved my phone out of the dog's way as he tried to jump on me, I touched close enough to it on the screen this this morning to open it.

Have you tried looking at that website's Help or FAQs?

I'm with Bulldog Tom and Lion. No matter the year being prepared, if it is current work it is charged at my current rates. If the clients are late because of procrastination or disorganization, then they are paying more for that because I raise rates each year, and if the work involves me working even more on it because of that disorganization, again a higher fee will be the result.

I also had trouble this week with a multi state return where I tried to split the returns and save the spouse's file. I saved it more than once and each time the program could not find the wife's split return. I finally rolled over last year's split return for the wife and entered all of her data separately again. I did not want to waste time with support. I've had issues with the program repeatedly crashing after using the tax planner and trying to go back to the current year actual return. Program simply closes, but it may have to do with me not calculating in the planner before trying to go back to the actual current file. I also had trouble with installation and communication with Drake's server. Every time I launched the program, MS Edge would open on top of it, and the Drake tech people couldn't explain why. Some helper file didn't install properly and also was an environmental issue with my computer and anti-virus or firewall, but it did not help for the basic support person to suggest I change my internet provider from Firefox to Chrome. I could NOT make her understand that my ISP was not the cause. Many calls later, I finally got to a person that could help.

RDP= registered domestic partner. If you want to know, you could Google RDP vs marriage.

Here is the excerpt from 2023 540NR instructions regarding filing status. Not sure what your issue with this is. Seems clear to me. Be sure to expand the quote box if the entire thing isn't visible. https://www.ftb.ca.gov/forms/2023/2023-540nr-booklet.html

Lion is correct. If no 1116 is filed, then there is no carryback or carryforward.

NQ deferred comp? Many times the year-end paystub has the details in the YTD figures used for the W-2.

I agree with Marilyn. Each category of component added to that residence has a limitation that shouldn't be exceeded for that item or category of items. Give it to one or the other. Obviously the exception to this would be if they are filing separately and costs are attributable to two homes.

Tom, I did an advanced search on this forum for "database" specifically posted by Joe. See if any of these helps: https://www.atxcommunity.com/search/?&q=database&quick=1&author=Abby Normal&search_and_or=or&sortby=relevancy The link is safe to click. It will take you only to the search results within this site.

If truly gifts, the rules for basis of gifted property should be used: sold at a gain, the basis in the hands of the donee would be donor's basis sold at a loss, donee's basis is the lesser of FMV at the date of gift or donor's basis I am willing to bet that this basis information does not exist. Was this activity a multitude of generic mass-produced toys accumulated since childhood that were sold off, or more valuable pieces considered collectibles that either held their values or possibly increased (true antique pieces, or something like the original handmade cloth Cabbage Patch dolls, etc)? I'd say that the schedule or form where to report these depends on the client's intention. Did the client view these toys as an investment, or is client talking about this as a business where more toys may be obtained as inventory with the intention of flipping for profit?

I'd smile like this if my Robbie Robot could prepare the one I just finished and meet with the client too.

Be sure to advise about the IP PIN requirements. These are some small things compared to the i.d. theft, but clients should know before getting an IP PIN: The IP PIN is permanent and can't ever be cancelled, and it will be required to e-file each year forever. A new IP PIN IS issued each year at the beginning of filing season. If taxpayers move during the year, they must file form 8822 for IRS to send the subsequent years' PINs to the correct address, or filing will be delayed until the new PIN is retrieved. This is easier now with clients being able to set up IRS account access, but who knows what security measures and hurdles will be in place in future.

In case anyone here needs a laugh today besides me, it is so corny that I couldn't resist sharing.

We have it. Click on the smiley face in the formatting bar of the reply box and a popup box with all of the emojis will appear. You can search for "clapping" from there. Why are we exactly? The CTA still applies for now.

Stay tuned is correct! The plaintiffs in the case are the National Small Business Association (NSBA) and one of its members who sued for a permanent injuction. At this time the ruling applies to only the plaintiffs, and it is unclear if the injunction will extend to all ~ 65,000 individual members of the NSBA or to only the association itself. An appeal in the 11th circuit is likely with the U.S. government also seeking an interim stay of the ruling in both the trial and appellate courts. Reporting entities that were not plaintiffs in the Alabama case are still bound by the CTA at this time. There are a number of states that have passed or are planning to pass their own versions of the CTA. Today's ruling would not affect states' ability to pass these similar laws because it is based on U.S. Congress's authority under the U.S. Constitution. The court declined to address different grounds raised by the NSBA that could potentially be used to challenge legislation at the state level. The above are.main points from this law firm's analysis: https://www.akingump.com/en/insights/alerts/federal-district-court-in-alabama-holds-corporate-transparency-act-unconstitutional-and-enjoins-enforcement-against-plaintiffs

Oops, no, I'm sorry. I put a strikethrough on "singles and" in my post above. The amount for singles is the same as MFJ. The limits are halved for MFS living apart all year. Single would still phase out at the $150K.

Correct Yes, for MFJ the lower limit where phase out begins is $100K and the potential to claim any loss under this special provision is phased out at $150K. Basically the potential $25K loss allowance phases out at $1 for every $2 when MAGI starts to exceed $100K. Those amounts are halved for singles and MFS living apart all year.

The $25,000 begins to phase out when MAGI exceeds $100K and is completely eliminated when MAGI reaches $150K. I don't think you are using MAGI and the loss properly in your calculation above to figure the allowed portion of the loss. ATX should have a worksheet that shows the calculation of MAGI and also the phase-out and/or allowed portion of the loss. Here is a link to the 8582 instructions. A description of the calculation for MAGI is found under the heading "Part II - Special Allowance for Rental Real Estate Activities With Active Participation" https://www.irs.gov/instructions/i8582#en_US_2023_publink1000278151

CCH was owned by Wolters Kluwer starting in 1996, so CCH may have been the one responsible for 2012 tax year programming overhaul mess, but the parent company of CCH at the time was WK.

I think ATX has the option to leave it there and mark it out of service. You need to do that so that it does not calculate depreciation during the period of time it was not available as a rental.

I'm puzzled as to how the PAL was allowed in 2023 when the rental was not disposed of but merely taken out of service as a rental. Did they have other passive activity income in 2023, or was the property left in as rental as available for rent and income was low enough to not phase out the carryover and current year losses? What program is allowing this? PAL will only be allowed if there are other passive activity income, income is below threshold for the special allowance for loss, or the activity is fully disposed of. Taking out of service and coverting to personal use is not a qualifying disposition to allow the loss. To answer your question, if converted to personal, you are correct that the assets will not carry forward. You would have to retain all of that and enter the figures appropriately on the forms when sold, and broken down by each type of asset sold (1245, 1250, land)

I think you need to leave the entries in for the software to weigh whether standard or itemized is better. The software should still carryover the appropriate amount to next year. I'd make a note in the software or client file to pop up as a reminder on the 2024 return. If you are using ATX, here is a CCH KB on this handling: https://support.cch.com/kb/solution/000195265/will-charitable-contributions-carryover-when-using-the-standard-deduction-in-a-1040-return