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I don't think #1 will work though. Are dad and son's names similar? Are you handling both returns? Since a return was filed under dad's SSN, I would file a superseded federal return for dad (or dad + spouse, if that is the case) with all of the correct information. That will correct his record and the return will still be under that SSN, and the superseded return can be e-filed. Then you will also be able to e-file the son too.

The partnership files 3468 with its return and the solar credit information including basis is reported in part VI, section B of that form. It may also need to file form 3800. Please see the instructions for form 3468. Specifically, see the heading "Specific Instructions" and the right under that are the detailed instructions for S Corps, Partnerships, Estates, Trusts that lists the lines to fill out and required information to give to the partners. You are correct that ultimately this information is on the K-1 in box 20, code E with a statement attached that gives each partner the information needed for them to each complete their own 3468s on their individual returns.

@Terry D EA, to answer your question about putting the one owner on payroll with a W-2 for tips, you can't do that because partners aren't on payroll and don't receive a W-2. I think Lee gave you the answer from the FLSA he posted.

Really? If you call Drake's support line and ask where to enter input for an entry to show up on this Sch and line, any one of them should be able to answer such a simple question. You know it isn't going to do calculations for you, right? You have to do all of that yourself. I'd attach an explanation of the the year(s) involved and how this credit was calculated. Open the individual return and look for input screen 5 "Taxes, Credits, and Payments" on the left side of the first main screen when you open a return. Open input screen 5 and enter the credit you have calculated on Part 3, line 13(b) near the bottom of that screen. That line has the title "Credit for repayment of amounts included in income from earlier years (sec 1341)."

I'm confused because your original post said it was a SMLLC.

From what I've read, CA, UT and NY are the only states that accept superseded individual returns.

In comparison, I'm little more than halfway through my career.

The part I could see using "reader view" Some tax professionals keep crunching numbers into their 90s and beyond GRAND FORKS, N. D.—Else M. Rike will be 101 years old on March 24 but doesn’t expect to take a day off to celebrate. She will be too busy preparing tax returns. After more than 70 years as an independent tax preparer, Rike knows how to pace herself. She aims to finish at least three returns a day in the weeks before April 15. The photo from the article:

Those children under a guardianship are considered foster children for this purpose. See this IRS page under "What Are the Eligibility Factors" where it starts by saying "Parents and Guardians" https://www.irs.gov/newsroom/grandparents-and-other-relatives-with-eligible-dependents-can-qualify-for-2021-child-tax-credit And this congressional page: https://crsreports.congress.gov/product/pdf/IN/IN11853 Look on page 2 under "Relationship page where it says this:

IRC sec 24 covers the CTC, and the other definitions at sec 24(f) has the definition of "child", specifically concerning foster children at 24(f)(1)(C) -

ok

You didn't give enough information to definitively answer, but consider this: Son may still be a dependent as a qualifying child even though married and filing a joint return IF the only reason he filed MFJ is to get a refund of taxes withheld or paid. His age doesn't matter IF he is considered permanently and totally disabled. If he receives any sort of disability or other income, you should document parents' support using the IRS worksheet. For the DIL to be a dependent she would have to meet the rules for qualifying relative, and one rule she will probably fail is that she would have had to live in the household for the entire year. You didn't specifically say whether she did or didn't, but if she didn't live there before marriage and you said that occurred in 2024, then she can't be a qualifying relative and already isn't a qualifying child (in-laws don't meet that definition). As Kathy said, review the rules. Here's a good start: https://www.irs.gov/credits-deductions/individuals/dependents

Many times the problem with things like this isn't the software or its vendor not providing the service or form. It is that the state hasn't integrated it into its e-file system or for some reason wants it done another way. Lee's post above is a good example.

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.