TaxCPANY

An entry on Line 11 of the Ln 16, Sch1 worksheet triggers the S corp shareholder healthcare deduction. The premium amount goes on Line 1 of the worksheet. The Business 1 and 2 lines at the top of the worksheet don't pertain for this.

They usually have the option of electing to be taxed as a resident, using Form 1040, else the 1040NR taxes only their "effectively-connected income". They might benefit by filing *both* forms for the year OR electing to be taxes as if residing here for the whole year -- and marital status and overseas assets and/or connections can tip the balance. They might even be required to file as residents depending on the amount of time they've spent in the U.S. in the two years preceding 2019! Read IRS Publication 519 front-to-back to get up to speed with clients like this. Good luck!

Thank Gawd you posted this link, Hahn1040; I couldn't get into ATXers Community just now until I used it! From within the ATX site, choosing Communities kept kicking me to CCH's home site where ATX is NOT listed as one of its products. Btw, anyone else incapable of getting depreciation adjustments from Form NYC-399Z to flow to Form NYC-204 *and* its Schedules K-1?

Client just threw me a curve: some 'cause marketing' of their usual products -- i.e., they dedicated a few hours of an evening's sales to a charitable cause, didn't charge sales tax on those sales, and have told me this after-the-fact and a week before the quarter's return is due. I can't find anything on-point on the state's tax website nor about reporting/accounting for this kind of sale. My immediate concern is whether to include those sales among sales-taxable sales -- i.e., does the client 'eat' the sales tax that ordinarily would have been charged or are those sales excluded? I favor the former; the customers were not tax-exempt entities -- and it would be nigh impossible to document by now whether any of them were. Or am I thinking too narrowly, rather puritanically about this? Thank you in advance for any of your thoughts and/or references to previous discussions of or articles on this topic.

I've still got a postcard-size promotional piece for "Textellent" that I picked up at last year's National Tax Forum vendors' hall, alleging that it's good for "tax pros." www.textellent.com is its website. Just haven't had the spare fraction of an hour to really research it.

Is this Philadelphia's way of telling my client, "Hey Hey Goodbye"? Accept with Msg.pdf

I was going to suggest attending this afternoon's (2pm EST) phone-in meeting of the MeF Production Call or emailing it ([email protected]), but then found the attached. Hope it helps.

Sections E and F need no separate input; they'd simply better be identical to your client's information. Section G essentially shows whether you're inputting a general partner -- check the box -- or not. Pray you have a "domestic" Section H partner, else you're in Masters in Taxation territory. Section I simply should be matched to a Form 1040, 1041, 1065, 1120(x), etc. type of client. Section J is input only in state K-1 input forms, as I recall -- e.g., New Jersey, New York, some others -- but a huge swing up or down might signal additional Schedule D or other Schedule consequences. If the K-1 shows a Yes in Section M, input might be required in Gain Recognzed on Appreciated Property. Basis Limitation input takes ending balances from Section K. Section L amounts are input in the respective Increases/Decreases parts of the Basis Limitation half of the Input Sheet. Whether it's all "necessary" or not, I seriously doubt that anyone reachable at ATX's phone or chat would know the half of it -- but CCH publishes the commendable Practical Guide to Partnerships and LLCs, and you wouldn't go wrong following its teachings. (In the still-turbulent wake of TCJA 2017, I hope it's humanly possible to get an 8th edition soon.)

You need the FEC WKST to input wage (or pension) from a foreign company with no U.S.-style EIN. On W-2 there's a dropdown up top to channel wages to Form 2555 when it's a U.S.-based employer. There can be "transit days" encompassing a few hours that don't ruin PPT.

A] 1120S Sched K line 16d, Jump to its detail worksheet to distinguish between cash or property distributions AND populate Sched M-2. Or B] 19 steps up from the bottom of the Pages & Worksheets tab of Form 1120S input screen.

Well, either method mostly works. This year I've become inured to ATX's failure to reliably retain everything about the orders I arranged -- taking over an hour to do so at the beginning of the Season -- in the print packets. Fer instance, I slid *all* E-file Info tabs to the bottom of their categories, Federal and State, but in individual jobs those still pop up at the top or middle of the print order. Overall, I'm grateful that my PC is powerful enough that re-arranging PDF pages in Thumbnail view (Power PDF but Acrobat in my assistant's) takes only a few seconds at worst. (But I may splurge on a gamer-weight video card next go 'round, hoping to reach *instantaneous* in each and every graphic manipulation.)

End of this week. Use most of the short form's pages but the Questions from the comprehensive Organizer to create a hybrid for clients; inflates this week's prep time but cuts down followup questions later. Not too few clients skip everything but the questions, engagement letter and basic info. [Btw, eternally grateful to Abby Normal for recommending Nuance PDF and its auto-filling facilitator.]

He normally is a "tax resident" until he surrenders his Green Card (which describes its holder as a "permanent resident"); so Form 1040 is the appropriate form. Citizenship is not the same thing as tax residency. He might be risking his entitlement to a green card by residing almost exclusively overseas, but that is a legal question in the shade of his tax situation, for purposes of this forum. I'd have to look into Illinois residency requirements to be sure but will venture to say that, if its requirements resemble those of New York and the few other states I am very familiar with, he would not be required to file unless he earned amounts from Illinois sources in excess of the filing threshold or, more unusually, manifested 'close connections' to the state such as owning property there, voting locally, etc. Once "expatriates" take up residence overseas they typically escape state taxation lawfully.

This morning, in contrast, went swimmingly: with NO wait my call reached Mario, and we quickly discovered that ATX had an incorrect email address for me. The hotlink he sent provided the setup download, and away I went . . . UNTIL the InstallShield asked to install "CCH Browser Search" plugin. Seeing that it's Google-based, I demur; I exclusively use DuckDuckGo to minimize tracking of my searches. And it seems as if this is another one of those extra 'suggestions' once foisted upon us by the likes of Java, Adobe, etc. update packages. Has anyone here researched this plugin's effect on the functionality of the program? I don't have time right now to do more than hope I haven't compromised 2018 tax prep by refusing it.

At least you guyze can get in. I never got the code email and so now I'm denied entry -- and the quoted wait time for phone help is 30-45 minutes. Productivity is NOT spelled A-T-X some days.

At the Chicago Nationwide Tax Forum I complained that the message on the Practitioner Priority Line had been reciting "new" changes since January 16, 2014. The message has changed at last! I'm so relieved right now that I'm not minding the quarter hour I've been waiting to reach someone. P.S. Aren't headsets great for allowing multi-tasking while on hold?! (Or is that "time-frittering while on hold"?)

Thank you, Catherine. I've re-, re-, re-reconciled the amounts from SK-1 to the 1-NR/PY input and simply cannot find a discrepancy. I.e., 1-NR/PY's Line 9 equals the Schedule E line 58, whose lines 28 - 31 faithfully reproduce the SK-1. Net result line (32 and 35, with no tinkering, flowed into) 55; line 56 is adjusted with a statement to tie exactly to SK-1's line 3. Then I use 1-NR/PY's line 14e worksheet to tie to SK-1's lines 9 and 17 (other interest and dividend income, and net long-term capital gain). ATX has always confused things at this stage, flowing non-ordinary income to 1-NR-PY's line 14c, not separately to both lines 14b and 14c. Hadn't mattered in *all* years before this; but, yes, as 14b is labeled Interest income, perhaps that's what's caused FNRPY-0075. However, what actually feeds 14b appears to be only aggregate flow-through income on line 9, page 2 -- but that should be only ordinary income, yes? (Jump-to also ties to page 1 but no line there -- and what for, anyway?) Oh, and, yes: MA's Schedule B amounts DO tie to the 1040; so that its line 9 matches 1-NR/PY's line 14c. Does that sound like I've made ATX obey MA's forms? I really appreciate your response, and hope I'm not abusing your solicitude with this rejoinder. Kurt

MA just rejected nonresident e-file, that ATX translates with its usual obtuseness -- as attached. Form MA 1-NR/PY has changed between 2016 and 2017; so following last year's lead (I've been filing this client's return for 20+ years) is futile this time 'round. I'm reasonably confident my input is in compliance. Background: Client's 100%-owned, non-MA S corporation supplies a MA SK-1 reporting ordinary income, separately-stated deductions, non-MA interest, long-term capital gain (and distributions which have no tax effect). Has anyone here encountered this error?

Does anybody have experience with the HP ScanJet 3500 scanner? I'm leaning toward it, over the Canon DR-f120, Xerox Documate 3220 and HP ScanJet 2500, due to its higher resolution and faster speeds, in scanning and USB (3.0 vs. 2.0). I just wish it had an Ethernet port like the ScanJet 4500, but that's not worth twice the price. My Fujitsu f-5105C just died; so I'll be needing a new scanner. My spouse's work requires a flatbed; so ADF alone won't cut it. Thanks in advance for any comments. I'm going to the Chicago National Tax Forum and can't replace the scanner for almost two weeks.

It worked! When my rep said that there had been an email blast offering the 5% from May 16 through 20, I found nothing from ATX during that spell in my Inbox, Spambox or Trash -- but several dozen other emails from ATX before and after. I was even more sure of the omission because I'd been vacationing that week and so had let emails from everyone except clients pile up -- and, yes, still haven't quite got round to cleaning out superfluous emails since then. (Props to Gmail's 15GB limit!) Rep put me on hold to 'see if [he] could still get that special discount' for me, and a couple of minutes later delivered! So, FDNY, what would you like as a finder's fee? I owe you.

Call to offer to accept immediate, partial payment -- sounding solicitous about his/her current cashflow problem -- try for definite schedule of remaining payment but let it remain vague if client sounds reluctant to commit. After another month email and call again, if his/her better nature hasn't triumphed. I probably spend too much time collecting from people -- e.g., I have a standard over-30-day-due text to paste into emails, and I extra-scrutinize certain invoices before sending those to a dozen folks from whom I expect static -- but in the end collect very nearly all I bill. I've even had a guy suddenly pay after three *years* of no responses. Good luck.

I can't recall seeing a 5%-off offer for at least the last couple of years. The come-on snail-mailed to me offers a 10% reduction from an alleged "Retail" price, which is the format in the most recent, previous year or two. But I will call my rep and try to wheadle that out of ATX/CCH. THANK you for advising that, FDNY. I generally don't ask for all that could be got, on my own.

Renewing for Total Tax Office 2018 would cost only 0.9% over 2017's price. Attractive. Retained from 2017 TTO package: 5 licenses, "1040 Package" (and yet I access any entity form ever needed) and all States, User Guide, Payroll Compliance Reporting, Master Tax Guide - book and online, Tax Season Essentials, and what seems to be the Tax Prep Partner Standard Bundle. Dropped: Tax Prep Partner 1041, Practical Tax Bulletin and Expert, "Complete Tax Library," and (good riddance) prior-year TaxBook Deluxe and State Tax Book. Added/modified: AnswerConnect (for Intelliconnect, I gather), Client Letter Toolkit, "Two additional Books" (of what?), and "the full set of calculators." Is that last item really anything different? (Does "two . . . books" coyly mean last year's, again?) I've left out the items I don't use, such as PaperlessPLUS, and the no-change of e-filing fees. Overall, TTO again looks like the best deal for a practice serving diverse people and entities working in diverse fields, often in other states and some overseas. Have any Packages made major changes?

2013 was the latest I've filed, Abby, but I'll dust off my brain -- and recharge it -- by Monday. Hope I can contribute some fraction of the enormous help you've lent this board.