Evan S. Golar

This IS a state issue because the restriction in the amount a taxpayer is entitled to deduct for state income taxes and real estate taxes is greatly restricted, and will reduce the real estate values of taxpayers' homes. As well - unless the state legislatures act - it will increase the taxable income to the states (for those that follow the Federal format) by reducing the deductible real estate taxes on the state returns. THAT'S HOW it's a STATE ISSUE!!!!!!!!!!!!!!!!!

Wouldn't this also require, in addition to the 3115, a 481(a) cumulative adjustment on an expense line?

Maybe this Audit Technique Guide can help you find what you need: http://www.unclefed.com/SurviveIRS/MSSP/hardwd.pdf#xml=http://search.atomz.com/search/pdfhelper.tk?sp_o=4,100000,0

I haven't seen the IRS publicize the time element involved in reading and learning the tax law and then reading the instructions to fill out the forms.

I see that the option for "Married, but with to withhold at single rate" was removed

I had my client sign in, then print out the entire package to use as a worksheet, but sending me copies only of the pages that involved tax return/payroll information. If you don't have a printer you're out of luck.

New York State has been playing that "prove your SWT" before we issue you your refund - for a few years now.

How well does the conversion do on carryover losses not just on capital loss carryovers but passive loss and investment tax credit carrryovers?

Is Drake "tax return section based" like Ultra Tax where there is easy switching from input form to actual form view? Now that you mention it I believe Microvision was form based. Any suggestions, ideas, heads up info I greatly welcome. Thank you in advance to all. I do intend on viewing their tutorial webinar this week.

Okay folks - I will soon be switching from Ultra Tax to Drake (within the month) - so I hope if I ask questions here once I get into using the program I can get some help. During the month I will be utilizing the webinars and other support to get familiar with it. I've been with Ultra Tax ever since they bought out Microvision - and have been extremely pleased with the program AND the tech support. All I've ever used was the tax program - no other program. However, this year they've outpriced themselves and I don't feel that the increase is worth it.

With the total loss of 2% Miscellaneous itemized deductions, where are 1041 beneficiaries in final year going to deduct their respective carryover losses from the K-1, or people with 100% distributions of ROTH-IRA with losses going to deduct the losses? This doesn't effect only your hobby loss expenses..

I didn't use Ultra Tax for any other program than the tax program - not payroll, not accounting - nothing. I'm surprised though, that this forum doesn't have an Ultra Tax forum like this one for Drake.

Are there any users on this board who were previously with Ultra Tax who switched to Drake? I've been a (very satisfied) Ultra Tax user since the early 2000s when Microvision sold out to Ultra Tax. Ultra Tax is a fine product, their tech support is excellent which is why I stayed there so long, but this year I think their price is out of sight. Drake is my first consideration right now and I do like the idea of using the 2017 program now and getting experience using the program by entering my 2017 data for my clients' returns rather than depending on the conversion program to do it all. I do remember when switching from Microvision to Ultra Tax, I did have problems with carryover of depreciation amounts and carryover losses of passive activity losses.

Next time you go to the bank, have the person cash a $ 100 check into $ 1, $ 2 and $ 3 bills.

That can't be possible if a MFJ return was filed. Even if that did occur, the check should still be made payable to the taxpayers named on the return.

This scenario doesn't make sense. What names were used on the head of the tax return, and who signed the e-file authorization forms for the preparer to e-file, if the return was e-filed? So what I'm asking is HOW did the IRS know to issue a refund to a fake name?

I'm right on the NJ border and I've got a number of New Jersey resident as well as non-resident tax clients. I also presently have a tax client in Maine that I do every year.

Your first paragraph discussed health insurance. Your second paragraph introduces Medicare. Which is it? To my knowledge - you can't take the Medicare premium as SEHI unless the person IS self-employed. Is it possible in your state that the wife can employ the husband and have the health insurance paid through the business?

Why not simply submit the 1098-T forms showing WHICH child the credit was taken for each year in addition to other proof of college expenses for each child? Once the IRS sees different children for different years, they'll back off.

I suggest you look through your software program for instructions for Massachusetts non-residents to see if based on the taxable income reported, there's a requirement to even file a tax return.

How would you like to have an 85-year old client withdraw $ 130,000 from an IRA, keep $ 25,000, and roll over the balance to another institution within 60 days, and not consider having Federal income tax taken out of the amount taken as a distribution?

Does this presumably deceased taxpayer still have a valid driver license?

That's interesting - this tax season I had a situation where a credit card company issued a 1099-C for a person who deceased in 2016.

Have the parents file a paper return.

The issuer isn't obligated to cooperate with anyone other than the client - the S Corp , The S Corp shareholder should have received a copy already of the 1120-S - no need to even contact the preparer