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Actually, what the OK instructions say is this: Remember that each tax program you use has its own quirks, and some do more for you automatically than others. Some require a checkbox to give credits or to exclude them. Sometimes that is on the federal input, sometimes on the state. I've found this is especially true of items specific to the state. It sounds like maybe you have missed some input within the TaxAct program. In this case, I'd say that ATX is correct since the ODC is defined in a section within IRC sec 24 entitled "special rules for tax years 2018 through 2025". IRC sec 24 is the code sec for the CTC, and sec 24(h) is where the special rules are that allow the ODC. All that being said, you are the preparer being paid for this, so that is up to you to decide if my interpretation is correct since I have never done an OK return. Here's a link to the code so that you can see how sec 24(h), specifically 24(h)(4) is within the entire section governing the CTC. https://irc.bloombergtax.com/public/uscode/doc/irc/section_24

For K-1s from estate 1041s, it is the trust year-END that is within the individual's tax year that dictates what year to report on the individual's return. In your client's case, the K-1 year ended on July 31, 2024 so the activity from the K-1 flows to the individuals 2024 return.

Any insurance coverage and reimbursement?

Exactly this. ^^ My earlier post lists the ATX files that you should tell Avast to ignore.

https://www.tax.ny.gov/bus/ptet/faq.htm#:~:text=PTET is computed based on,or shareholder under Article 22. If an electing entity has a current year loss, do they need to make any estimated payments for the current year? The required annual payment is the lesser of 90% of the PTET shown on the return for the taxable year or 100% of the PTET shown on the return for the preceding year (assuming a PTET election was made in the preceding year). If the current year’s PTE taxable income and PTET is zero or less, then the lesser of the two is $0, and no estimated PTET payments are due. Regardless of the amount of estimated tax payments made, or whether any estimated payments were made, any unpaid PTET must be paid by March 15 following the close of the calendar year in which its tax year ends. If an electing entity had a loss in the previous year and reported PTET of $0, do they need to make any estimated payments in the current tax year? The required annual payment is the lesser of 90% of the PTET shown on the return for the taxable year or 100% of the PTET shown on the return for the preceding year (assuming a PTET election was made in the preceding year). If the preceding year’s PTET was $0, the lesser of the two is $0, and no estimated PTET payments are due. If no PTET election was made in the preceding year, the required annual payment is 90% of the PTET shown on the return for the taxable year. Regardless of the amount of estimated tax payments made, or whether any estimated payments were made, any unpaid PTET must be paid by March 15 following the close of the calendar year in which its tax year ends.

If claiming the credit it should be on Schedule 3, part II, line 13(b)

No, not deductible on the 1040 Sch A.

Drake rep is partially correct, as far as it went, but there is more to it and another choice to consider. Concerning the repayment of the sick pay: if the taxpayer believed he had the right to the funds when paid and it exceeds $3,000, then in the year of repayment, then he can take the better of these 2 choices: either take the repayment as a deduction on Sch A line 16 "Other itemized deductions (not the medical section) OR calculate a credit The credit is calc'd by going back to the year(s) he received the sick pay and recalculating the tax liability on that return without the portion that was ultimately repaid for that year, using the rates that were in effect at that time. Compare the original tax liability (with the sick pay) to the tax you are now calculating that excludes the portion repaid for that year. The difference between the two amounts is the credit. This is covered in Pub 525 on page 37. It is in the section about repayments over $3K of income under a claim of right. IRC Sec 1341.

That must be inconvenient to do that each time you log in to ATX. Have you tried entering the appropriate ATX files as exclusions in Avast? I can't help with what those are, but I did a simple internet search for "ATX and Avast" and found what looks to be the appropriate exclusions to enter in Avast. The KB also appears to be current with a 2025 copyright date. https://support.cch.com/oss/ml/kb/solution/000207659/avast-antivirus-blocking-atx

Great that you figured it out. Hopefully the W-2 reports the local wage amount to be taxed, because often the PA wages on the W-2 will be different than federal wages. The largest difference usually comes from the fact that PA doesn't allow a reduction for pre-tax retirement plan contributions, but there can be other adjustments as well.

Yes, that is correct. VA Code § 58.1-499, see section D

Yes, you submit one for each year the RMD was not met. You must use the form for that tax year, and if filing as a standalone form, it is a paper filing. It can be filed as part of an e-filed 1040 filing (the one that would be filed with the 2024 form 1040 filing, for example) or e-filed with a 1040X too if that return as other corrections/amendments.

It is the same procedure as it was in earlier years. Basically you don't show or pay the penalty and attach a statement requesting the waiver. This is a portion from the pertinent section of the form 5329 instructions on how to report this, but the entire instructions for this section should be read:

Not sure if any of this will help, this AI answer also came up from a search of the error:

Make sure Tray is set to start at Windows startup. Found this KB from 2022: https://support.cch.com/oss/ml/kb/solution/000173133/sw2947?IsNewArticle=True

This support page for ATX 2023 says 256KB, and I couldn't find anything for the current year. Perhaps check the user manual? Anyway, here is the page for ATX 2023: https://files.cchsfs.com/doc/atx/2023/Help/Content/Both-SSource/PDF Attachments/Attaching PDF Forms and Other Documents to Returns.htm CCH Access and ProSystem fx allows up to 1 GB with each individual pdf not to exceed 60 MB. https://support.cch.com/oss/ml/kb/solution/000154306 If you haven't reduced the size of the pdfs, you can either scan documents at a lower resolution, or for those returns as attachments, open the document and click "file" and then "save as". One of the choices in the "save as" function is to save the file as a reduced size pdf that should make it a lot smaller.

https://dor.mo.gov/taxation/individual/additional-resources/non-residents.html

So this is interesting. On the U.S. marketplace healthcare.gov it says this about getting a voided 1095-A. I am curious, did this person ever purchased coverage through the marketplace for any earlier year?

That's true, but where this taxpayer is losing the ability to contribute to the Roth isn't in the AGI/MAGI computation. It is because the self-employed SEP IRA contributions on Sch 1, line 16 are flowing to the IRA limitation worksheet itself, specifically line 9 that says "Enter Contributions for the Year to Other IRAs".

One reason is if the policyholder doesn't provide information on all persons in the household because he or she isn't requesting the advance credit, then col B will be blank. It can also happen for months when someone's coverage starts on a date other than the first of that month.

Right Kathy, the question was really about the total contributions to all IRAs, and the self-employed SEP contribution is considered to be made by the individual himself, not the employer.

Tom, I don't know the CA forms. Does the return include form 568? I googled the error code and found the following is KB from CCH Support Site. The KB is undated though, so not sure if this will help: https://support.cch.com/oss/ml/kb/solution/000220664/000074671 Here's the whole text, including a resolution, if you don't want to click:

Well, Drake is handling it properly, and I wouldn't consider that to be forcing anything or arriving at a conclusion based on anything implied or pervasive feelings. You might consider IRC sec 408(k) that clearly defines a SEP as an IRA.

Have you checked to make sure you have the latest version of the form in question?

First, to state the obvious, a SEP is a type of IRA that employers contribute to, and plans may allow employee contributions to it. Then, Because you say this is a self-employed SEP: this would be used for those businesses reporting on Sch C (sole props, disregarded entities) or partnerships on Sch E, and those contributions are considered contributions by the individual and are reported as an above-the-line deduction that comes from line 16 of Schedule 1, and that is why it is being factored in on the Roth limitation worksheet. Does the return have an entry on that line? It would be different if your client was a W-2 employee of his own company (a C or S corp): employer contributions would not be taken into account for the limitation you asked about, but if client as the employEE contributed to the employer plan, then those would factor in to the Roth limitation.