Pacun

Does any one have the link for Romney's taxes?

Most of the banks just care about the routing number and account number. They don't even care if the name doesn't match. I doubt any bank will reject because of that check mark.

Cathy, edit your original post and click on Full Editor and you should be able to edit the title.

Install 2010 and update program, rename the data base folder, copy the database from the old computer and dump it at the same label as the old database folder and then open the program. Open a couple of returns, create a new one, then install 2011, update program and you should be able to roll over returns from 2010.

I bet you that in order for the Grengrichs to get the foreign credit of $243, they had to pay the CPA more than that. Maybe clients should have an option using the materialy principle. If I have to prepare that return, it would take a whole month. Keep in mind that you will have to review the return a few times before presenting it for signature.

Jainen is right... the arm might hold its resale value BUT remember the phrase "depreciation allowed or allowable". Look for the depreciation category and other relevant information about the use of the arm and maybe you should start depreciating it.

No problem. Let me know if you need my assistance. Filing anything for you will not create any extra steps for me since I normally collect 2 or 3 cases and deal with them in one trip.

If she didn't provide more than 50% of her support, she can be claimed on the parents' return. They will qualify for EIC. Remember that she was a full time student for the year.

Last year, when I transmitted the federal return, I placed the State on hold. When the IRS accepted, the State efile changed from held to created and it was easy to know which ones were ready to be sent. This year, the status stays as "held" even after the IRS accepted the return. Is that a bug or an error with ID ten Tcode?

Mine updated this morning.

Welcome to DC. They are the worst and good luck trying to solve any issue. I have lost clients because they are so inefficient. In the past, I have dealt with the head of the "Practitioner's office" and I can see that no one knows much about taxes or technology. I only send tax return by mail or electronically. If there is an issue, I go to the customer service, get a number and have a seat for a couple of hours. When my situation is a no brainer, I get good results, but when the situation requires some thinking or analyzing, I have to make many more trips. They do have better software than the IRS but it seems that only very few people know how to use it.

I found the posting. It was on Feb 06, 2011 about efiling problem. It is the same principle but I didn't post the real answer. I think I was imitating someone from Ohio who doesn't share the answers. Helpdesk will solve your issue right away. This is what I would do. If you have ATX on two computers, look for the .ini file on the ATX directory and compare. One of them will have an extra line. If you don't have two computers, you might be able to compare the 2010 with 2011 .ini file. Then you copy the .ini file to another directory. Don't drag and drop, just right click and copy. Then open the original .ini file with notepad and remove the line. If something goes south, you overwrite this .ini with the copy you made.

I remember now. I posted the answer one year or two years ago. Look for it in the archives of this forum. You need to delete a line on the ini file on the offending computer. You don't have to have ATX on a network in order to get this error.

Reboot all computers.

When I saw your title, I was ready to say... Yes, pampered chefs get tips sometimes and they are taxable.

"It depends. What state are you in? Property laws are determined by state." Joan is correct... the real question is... what state your clients and/or the property were in. Depending on the state, these are a couple of scenarios. The owner of the property should get the 1099 and depreciate the property. In this case, the wife should get the1099. ALSO, it should depend on who the check was made out to by the management company. The management company should make the 1099 the same way they did the prior year up to August and then make another 1099 for the husband if the payments were made to him. Remember that the requirement for the Management Company is to issue a 1099 to whoever they paid. If the wife gets the whole 1099, it will be fair that she pays taxes up on the amount received until august since she will be depreciating the property. The husband should deduct any expenses from August to the end of the year but he should not be able to depreciate the property since he is not was not the owner. Now, if the wife wants to hit him half of the rental income from Jan-August and also assign full rental income from August to Dec, he should be able to depreciate the property at least from Jan to August when he was married to the owner (depending on the state).

amend can mean re-do or correct.

I have not removed both of them at the same time, but I removed one at a time. Both have been done from scrath... I will wait for the update since today is the last day for the first batch.

Yes, but if you had waited to transmit, no need to amend.

Welcome. This community will be very valuable to you. The program is not working. I was happy when I so that an update for Schedule C was downloaded but no juice. I remove the offending Schedule C and added it back and still no jugo.

Lost wages repayments are taxable to the receipient. No deduction on the payer since this could be fine.

It makes sense now. After all it is not an ATX problem. Thank you for quick answer.

These are two easy schedules C and no problem recreating them since I have them printed. In the long run, should we be very careful when we roll over returns with two Sch Cs? Will it work if I don't remove one of them by mistake? As you will understand, this could be a nightmare if you have big schedules C and depreciation.

In the past when I efiled early returns, I felt that I have proof that I was not using the last pay stub. I felt that I was telling the IRS... "I have the W-2 in front of me" because I was able to enter the control number from the W-2. For the last 2 or 3 years, ATX has not allowed me to enter any hyphens or spaces in that field. I have also noticed that when you enter Company names, you are not allowed to enter the Ampersand in Miller & Long. The same is true when the company's address includes c/o. All these fields are NOT used in any calculation and I wonder why ATX has pre-defined them as numeric. Any comments?

You are quick and correct. The return was rolled over and by mistake one Schedule C was removed. Then I re-add it. Since it was not working, I removed it one more time and saved the return. I closed ATX and opened the return (which included ONLY one Sch C). I added the second Sch C and I got the same error. I am going to open another topic that bothers me every year.