bardon719

Hi all; Can an LLC become a shareholder of an S-Corporation? I think not, but just want to check. Thanks, Don

Thanks all; It is reported on line 14 of the K-1 (apportioned). Thanks, Bardon

Hi; I'm working on clients Sub-S, and he went to Israel for 6 months and did business there. He had to pay Israel taxes for the income. Do I deduct this expense in full under taxes & licenses, or is only part deductible. Unsure how to deduct this tax paid. Appreciate your help. Bardon

I have a new client that works for the Colombian gov't, and gets paid here by the Colombian Govt. She has an A-2 visa and I am unsure if the monies she makes is taxable in the US? Your help is appreciated. Bardon719

Hi all; I just want to verify that what I'm reading is correct. Attached is text from Publication 915, which states as follows: "CANADIAN OR GERMAN SOCIAL SECURITY BENEFITS PAID TO U.S. RESIDENTS. Under income tax treaties with Canada and Germany, social security benefits paid by those countries to U.S. residents are treated for U.S. income tax purposes as if they were paid under the social security legislation of the United States. If you receive social security benefits from Canada or Germany, include them on line 1 of Worksheet 1, shown later" The way I read this is that Canadian social security gets treated the same as US social security, and is taxable at the max of 85%. As mentioned above, line 1 of worksheet 1 is where social security benefits are reported. Thanks, Bardon

Thank you!

Hi all; Is there a way to download the AR warehouse to excel? (or print)? I believe in the older versions you were able to do this? Thanks Bardon

I also bought a new laptop this year, with vista for business, and I loaded ATX from 2002 to present. used the clients I backed up to install to each year. No problems at all. Except for year 2007. That's another story. Bardon719

Only in draft - form not finalized. Bardon719

I tried to re-install the program, and everything now is OK????? Don't know why I lost the info in the first place. If it happens again I'll call ATX. Bardon719

Happy New Year all! Has anyone had a problem that there is no paid preparer? When I go to the preparer manager it is blank. I have input all the info as paid preparer. The preparer manager does reflect the preparer name. In preparer manager, although it shows 2 of 2 preparers, the names, or firm, etc are blank. (the 2 preparers are, one is blank, and the second is my name.) When I open a new tax form, (1040) the preparer info reflects on the bottom of page 2, but none goes on payroll tax forms, federal or state??? Is there a fix for this. Thanks for your help. Bardon719

Has the IRS approved filing of computer generated 1099's and 1096 yet? or do we still have to file copy A, 1099 and 1096 on a "red" form? From what I read, substitute forms are approved??? (see pub. 1179) Thanks for your input. Don Bardon719

Thanks all! I will be receiving copies of the years in question from a kind member. Don Bardon

Just received a call from a client who had not filed returns for 1996,1997,1998, and the IRS wants to charge her tax on the full amount of income. and she claims she had plenty of deductions. Since I've thrown my old tax programs away from those years, (who knew?), I was wondering if anyone had these programs that I may be able to get a copy of? Thanks in advance. Bardon

I tried to get into MYATX, and discovered I needed a password. After unsuccessfully trying to log in, I was LOCKED out. I called ATX support, and they told me to use my activation code as password. While they were on the phone, I input the activation code and it still didn't work. The tech support person quoted me a completely different activation code then is showing on the confirmation slip sent with my 2007 tax program????? I installed the program using the code from the confirmation slip. When I went into MYATX and looked up my activation code, it shows as what the tech support person stated. What has happened to ATX since CCH took over?? Bardon719