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Thank you!

The credit may potentially only be claimed in a year when the taxpayer does not pay AMT itself. The credit is available as carryforward if the taxpayer paid AMT in prior years, but not all of the AMT will factor into the credit. Only the portion of AMT that relates to depreciation and ISOs will ultimately be used as part of the credit calculation. Deductions that may have triggered AMT in the first place, such as state income and property taxes, home equity mtg interest, and miscellaneous deductions, are excluded. I can't answer specifically where this is in ATX other than to say that it should be with the input for form 8801, and it may be that many of the figures may be prefilled from prior years' forms 6251 and 8801 if the prior return was prepared in ATX.

Your question is like asking how much we charge for tax returns. There are many factors that go into pricing any personal service that will vary by region, urban v. suburban, the size/reputation/expertise of the firm, and the complexity of the trust. I would never suggest DIY online documents for a trust. Too many pitfalls. To answer though, around my area a few years ago for basic planning and setup (suburban of Wilmington DE, and definitely less than Philly or Baltimore) I've seen a range of $1,500-$2,500 and more.

MeF accepts the current and prior 2 years for e-filing. You are correct that the e-file for 2019 was rejected because of the shutdown and will need to be paper-filed. IRS will reopen the MeF system again in late January, 2023 for the 2022 tax year. At that time, the 2020 tax year returns will be the earliest that can be e-filed (current year 2022 and two prior of 2020 and 2021).

I installed it about a week ago. The interface looks the same except that the icons at the top seem a bit more cartoonish to me. It's a current trend, but not what I expect or want in a professional program.

I personally know of only one business that received a PPP loan and that did save it (a retailer with 2 stores) from going out of business while it suffered major losses of during the pandemic shutdown. By some miracle, my other business clients were of the types whose businesses were not affected by the shutdown, continued operating, and did not even consider applying for any PPP funds. My own practice was unaffected other than to tell clients that they would definitely be using the drop box and would not be seeing me in person at pickup.

Perhaps the OP is thinking of the minimun to keep the EFIN active. I can't answer about any EA minimum requirement, but one of the reasons the IRS will inactivate an EFIN is if a preparer has not e-filed any returns in the current or prior tax year. At that point the preparer would have to reapply. There are other reasons that the preparer could lose the EFI N and would have to reapply also.

This is disgusting, meanwhile some here worry about raising fees by $10 per return.

That's a real bargain considering the full retail is almost $200, and that price is why I stopped getting them.

I would probably keep the guides for the open years. I currently only have one, from 2011. Guess I can free up some shelf space. . . .

If I, as a tax preparer, shared any of this personal data with anyone it would be considered an ethical violation under circ 230 and my professional standards. Why is the IRS not cracking down and fining these software companies when the agency has other ridiculous standards for us such as the size of micro-shredded chips and all the various other rules for safeguarding taxpayers' data and privacy? This is infuriating!

Here's a link to the article: https://themarkup.org/pixel-hunt/2022/11/22/tax-filing-websites-have-been-sending-users-financial-information-to-facebook

It could be a security feature that Eric set up because of all the scammer/spammers with overseas IPs.

Well, I'd already found the 3 online services that Catherine suggested and set up an account with the first one, Tax2Efile. I tried to fill in the company's data with the first one, and it appears that these providers may have the same limitation as our software, that a tax year filing with a start date in 2022 is not possible yet. I'm not going to waste any more time on this and will paper-file an extension and copy DE on it also.

Not for the 7004, and DE has its own form (no efiling,, paper only) but grants automatically based on the fed 7004. I def want the IRS ack on this one too.

Thank you, @Catherine

Margaret, I wasn't implying that you couldn't calc the deprec. Really, I was talking my way through it and and sharing that in writing in what it could all mean. I'm sorry if you took it any other way.

Margaret, the $18,764 of depreciation would be the amount of SL deprec over 27.5 years on the full depreciable basis of $516K, and then it seems that the amount is reduced by the 50% of non-use as a subtraction of the $9382. I'm just guessing, but I wonder if the $250K was the amount of "non-use" in prior years and the preparer forced that reduction of exactly 1/2 of the depreciation expense? Or possibly because there was $16K of "land" at some earlier point in time that doesn't exactly show up on the detail schedules and that disappeared when Deloitte prepared this (because the deprec exp IS based on the full $516K that is weird)??? Was Deloitte the preparer for all the prior years, or just last year? Again, just a WAG.

Nope, not what I asked and not the software I use anyway. I already know that my software won't allow it, confirmed with support also, and the reason I specifically asked for a reputable online site.

Searched the forum "everywhere" for "Taxslayer" with a capital T, then sorted by date: https://www.atxcommunity.com/search/?q=Taxslayer&quick=1&updated_after=any&sortby=newest

I have to tell Drake to use the wage rec worksheet, and sometimes I have to enter numbers manually. I've had several where PA wages were different that Medicare wages, and I've had to have pay stubs to figure out why and what else to enter. In my clients' cases, it was some sort of deferred exec comp program with AstraZeneca, and I'm not going to argue with a large company that I might disagree with reporting without knowing all the details of the comp program.

Is the loss actually being deducted to arrive at the PA taxable income though? The loss does show but it's like a memo-only item. ETA - sorry I said loss doesn't carry from sch D to the front of PA40. Page 1 of PA40 will show the loss, but it should not be used in reducing income to arrive at PA taxable income. BTW - I really dislike PA's returns and tax system. lol

The cap loss will "show" on the PA40 sch D, but it will not be included in the total because PA only allows gains, and only the gains total will carry to page 1 of the PA40. PA uses a wage reconciliation schedule that has 3 columns. First one reconciles Fed wages down to Medicare wages, 2nd column is Fed wage to PA reconciliation, and third is Medicare to PA wage reconciliation. It's the "PAW2RWK". I can't say about ATX, but if it's simple items like 401Ks or GTL the software may complete the form properly, but there are times when manual entries are needed if there are items of compensation taxable for PA that don't affect Medicare wages and are memo-type items on (or not on) the W-2. Sorry, without looking at instructions myself, can't help with the Phila depreciation question or exclusion.

I need to file a form 7004 for a short period 2022 final partnership return ending 9/30/22, so extension due date is 12/15/22. Forms and 2022 software won't be functional before the due date. Has anyone here used an online filing service for business extensions that you'd recommend?

Oh my, that log-in system is really be messed up. I just got another email at 8 a.m. this morning with the same 6-digit 2FA code again from the initial log-in from yesterday at 1:30 p.m that said it was valid for the next 10 minutes. This is the third time it was send, and now a day later!