Jack from Ohio

If you are not doing the Payroll, just say no. Huge minefield....

Fair market value is NOT the basis for the sale. Use normal basis and recapture of Depreciation. FMV has no place in the calculations.

Close the program. Close all other programs. Reboot the computer. Start again. This should be done every 4 hours during the day.

The 1099C indicates the amount of the debt forgiven. FMV is not a factor. Form 982. Fill in the amount of debt forgiven on line 2, check yes on line 3 and put the amount of debt forgiven on live 4 as well. This will take care of the 1099C. However, the property must still be considered sold for the amount of the debt forgiveness. This is a separate item. This must be done even if Form 1099A is not received. Form 1099A is the form where the FMV comes into play. 1099A is the sales document that must be used to calculate gain or loss on the repossession. The property must be sold for the amount of the debt forgiveness. Basis and recapture of depreciation as normal. Many times there is a taxable gain on the repossession.

No pay, no return. I use FeeCollect too. Only lost out once in 10 years when the IRS grabbed the entire refund for delinquent Student loans. I now despise "injured spouse" forms. The way people use it does not fit my definition of being married. (rant over)

"cricket noise?"

Unless you have a specific need for a dedicated server, get a high powered pc with Raid5 capabilities and do peer to peer. This applies to ALL your programs. Server Software is a pain in the Gluteus Maximus. Unless you have multiple companies with the need to separate groups of people's access, skip the server and server software. When the server we have at the firm dies, that is what we are going to do. ZERO program compatibility issues that way. Raid5 with three 2TB hard drives provide redundancy for data and peer to peer is very easy to use.

Why not transmit them and if they are rejected, then paper file? Sounds like a lot of overthinking this one.....

If the tax program pops up while you are on a different screen, any keystroke you do will be entered in the very first field which happens to be the first name. ATX has a propensity for popping up when you least expect it. I have had this issue often for the last few years. While I am waiting for ATX to process something, I work on another program. Then the 1040 pops up and I am suddenly typing in the tax return instead of the program I am working on. It is more prevalent since I use two monitors.

Paper file them. The IRS will not get this fixed this year.

If this is the case, the daughter's SS# was accepted on the parent's return as a dependent, then someone filed a return for the daughter not claiming herself. Otherwise, the error would have said that someone already claimed this SS# as a dependent. I am betting that the daughter or one of her "helpful" friends already filed it. if it were identity theft, the crook would have claimed dependency for the daughter and the parent's return would have rejected.

Paper file. The problem will not be fixed this tax season. The IRS cannot fix anything in less than 6-9 months.

I am having trouble keeping abreast of this thread....

Maybe a better analogy would be: How many XP users still have a black and white TV or a rotary phone?

How many people using XP are driving a car from the 70"s??

Another case of people who have missed their calling!! Stick to school administration and not tax law.

No

File now or wait a year for the CP2000.

Financial advisors are tax illiterate and dangerous to the tax situation of their clients. I am being kind with the work illiterate. MAS, she will have to treat it as a taxable distribution. On the 1099R input screen, put in everything in exactly as the 1099R EXCEPT, make the taxable amount $0 and put the total amount rolled over in the box for rollover amount. Do NOT change box 7. She will get a CP2000 and will need the following items to send in response: Copy of the statement showing the date the funds were disbursed from the original account. Copy of the statement from the account she opened showing the date and amount that was deposited and that the account was a qualified account. The amounts must match exactly. Dates and amounts are critical, and must be less than 60 days apart. The financial advisor should pay for all the extra cost involved since he gave his client bad information. Trust me on this. I have done this for over 20 people in the last two tax years.

Directed donations are not deductible. This is not a cash donation. It is a parent purchasing required items for their child's classroom. No charitable donation. Fails too many tests.

No donation. Receipt form the School showing the value of the "donation?" Fails the test on several grounds.

Typical human behavior.....

And procreate!!