Lynn EA USTCP in Louisiana

yesterday Catherine White EA was the presenter for Tax Practice Pro, a c.e. provider.  Her presentation was a case study of what happens when a client changes tax professional, and issues with prior years are discovered by the new tax pro.   Kudos to Catherine on a well developed and perfectly presented class. 

If you are a member of NATP, NAEA, Tax Pro Fellowship, these organizations offer free subscription to Verifyle, a secure document sharing platform.  Also included, and free, is electronic document signature.

BrewOne, no composite return; the partnership paid the PTET for this partner, so a NY return was required.  I was able to finish the return, send to the TP and successfully efile the returns.  

I tried restoring a version from 38 minutes ago, but that had the same issue.  Ended up restoring to a version from 3 hours ago.  I'll had to redo 'some' work, but not all of it.

TBH I've never used the restore feature before, and am glad it is here.

While one might think this belongs under 'state taxes', it's a software problem.  This client has nonresident NY state income per NY K-1.  It's a BIG return. 

I receive the 'update message' - the tax return contains later versions of the following forms, NY IT-2105.9, year 2023, version required 54, version installed. 

I'm in a time loop - if I click 'update' it attempts to update and comes back to this message.  If I click 'cancel' the return doesn't continue to open. 

Any suggestions?  I hate the idea of deleting the return and starting over for hours of information.  I just duplicated the return, but got no better results.

TIA, Lynn

I used to send an organizer to everyone.  Over time, this has dwindled only to those requesting such.  All clients receive a cover letter, yes/no questions and engagement letter.

There should be a date in the top right corner for the second, correct form. 

One is HOH and the other is single. 

Try a different internet browser. 

See here for the applicable interest rates for January 2024. https://www.irs.gov/pub/irs-drop/rr-24-02.pdf
 

reigstration is already closed for this webinar, minutes after receiving the email

As you know, taxability of alimony depends on the date of the decree. 

I efile the 1099’s through ATX.  I have heard comments from others who use efilemyforms and are satisfied 

IRS has an audit technique guide on legal settlements. My reading of that guide leads me to conclude that settlements due to death are generally not taxable.  if the settlement earns interest of course that will be taxable. I always read a copy of the settlement document.

typo - 2923 should be 2023

emails received overnight include the download codes for 2923 ATX MAX and Payroll.

In the ‘news’ section I think there is a blurb about Ohio efiled being suspended until some time in September.  Check the newsfeed 

I have used both Medlin and Patriot 

2 hours ago, Abby Normal said:

In addition to the big 3 agencies, you should also do freezes for:

ChexSystems
Innovis
NCTUE

I also have in IRS IP PIN. I got one as soon as they made them available for anyone who wanted one.

I never heard of these 3, and will look into them. Thanks 

This morning I froze my credit on the 3 agencies and secured an IP PIN  from IRS

I'd love to know the answer to this question.  Thanks for asking it Christian.

2 hours ago, kathyc2 said:

From an article:  "Researchers say the artificial intelligence chatbot has trouble understanding math and makes up facts to cover up its mistakes."

Hmmm......

Gives new meaning to the phrase 'new math' !!!

I presume this discussion centers around the entity filing PTET and not the individual partner/shareholder taking the PTET credit on their pertinent state return.

Look under preferences to change it