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Jack from Ohio

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Posts posted by Jack from Ohio

  1. Rebate Calculation Feature

    in General Chat

    Posted

    Someone posted on another forum that Drake now has a rebate calculator built into their software. It prints out a sheet as a part of the client letter advising the client of the estimated rebate they will be receiving. Nice foresight - certainly not necessary but a good client services feature.

    Any bets on when ATX will have this capability? :(

    I consider it un-necessary as it will open a HUGE can of worms when the IRS sends a letter to them that may disagree with the calculations. I am telling all clients to WAIT till they get the letter from the IRS because all the discussing and debating will NOT change what the IRS decides. Then the ball is in the IRS court and clients cannot acuse me (never happens, right?) of giving them bad information.

  2. OH preparers/SD100 PY returns

    in E-File

    Posted

    I was just told by "Mike" at OH income tax department, NOT to use ATX for part year SD100 returns because the software is not picking up the Line 2 and Line 16 adjustments. He also told me to inform ATX, so if one of you would be so kind, please do so. I can't get into MyATX..locked out and don't have time to mess with them. I have had two returns sent back to my clients with SDVAR031. This is for e-filed returns only.

    Thanks

    AnnieR

    I have the same situation here. If you e-file part-year or non-resident SD100, the state system will change them to full year resident and issue a variance notice to the client. We will have about 50 to amend here this year before we caught the glitch.

    All of us Ohio preparers need to send a request to ATX to make an e-file error if there is anything on line 2 of the SD100. The issue is NOT ATX, it is the inability of the State of Ohio system to process it properly.

    All Ohio preparers need to take note of this.

    Part-year or non-resident SD100 CANNOT be e-filed.

  6. Bank rejected OH state refund

    in E-File

    Posted

    I think (sometimes I really do) that within the past year, OH has limited no more than 2 state refunds to one account. Might be what's happened.

    AnnieR

    Do you have a source for that information? If a taxpayer had a State of Ohio form, and moved during the year triggering 2 SD forms, then one of them could not be deposited??? Hmmmmmmmmmmmmm?

  7. 1099R in divorce

    in General Chat

    Posted

    Was this a QDRO order?? (Qualifed Domestic Relations Order)... If so he should have presented the order to his pension people and they would have sent her the check directly, and sent her a 1099R in her name and Soc Sec #..

    This is a fairly common mistake that people in a divorce make. They just want it over with and take the distribution and

    give the ex-spouse a personal check.. OOPS! Now he has a taxable distribution, (and maybe a premature distribution penalty, code 1, if under age). If ex-spouse get's distribution directly from pension-- no code one due to QDRO, no penalty.

    Usually he is just stuck paying the tax. Ex-spouse got a break. I suppose you could try to fight it out with IRS, send a letter with attached court order, you never know, it might get him out of it.

    QDRO only applies to 401K. Other retirement plans have to be distributed to the employee. The tax consequences should have been taken into account as part of the settlement order.

  9. 1040A / Stimulus payment

    in General Chat

    Posted

    I filed a return that had nothing withheld, $92 worth of interest and nontaxable social security, it was accepted fine. (No tax, no refund) I still don't see what the issue is.

    The IRS is saying that that type of return will not be processed in their system, thereby not accomplishing the reason for submitting them. The info said that if we put $1 in interest to make the form e-file, it will not process. So, in that vein of thought, neither would $92 of interest cause it to be processed in the system.

    I suppose we must assume that just because it is acknowledged, does NOT mean it will be processed.

    The sad truth is, there is no one at the IRS that know the true answer to the question.

  10. Vista Users... How is it working for you Pros and Cons

    in General Chat

    Posted

    I have a daughter and two computer clients (I have a small computer sales and service company) that have Vista on the new laptops that they just HAD to have. As a result of my experience with these three....

    I will NOT have Vista operating system on any computer in my home or at the firm where I work, (Server and 13 workstations) until there is absolutely NO other option.

    I have a computer provider that will still make laptops with XP Pro on them. Contact me if you wish to have more information.

  11. Bank rejected OH state refund

    in E-File

    Posted

    I electronically file returns for a couple and their two older kids every year....every year all refunds go to the same account number.

    This year....Parent's federal refund went OK, kids' federal and Ohio refunds were received OK, but parents received a letter from Ohio stating that their refund could not be deposited directly into their checking and a refund check would be mailed to them.....no reason provided in the letter except that account number was incorrect.

    Has anybody else experienced this? If so, what was the reason for the bank rejecting this particular deposit?

    I checked and all routing and account numbers were the same as previous years...all the same on the three returns.

    Your client will need to contact the bank to see why it was rejected. Whomever handles the ACH in the bank can tell them exactly when and why it was rejected.

  12. Deductible Haircuts??

    in General Chat

    Posted

    Thanks for the quick replies. Seems we have a difference of thoughts here. jainen cites a court case where it was disallowed; RoyDaleOne cites a source "MSSP" that claims it is allowed - is there a web site for this? What is MSSP? The leading google hit is Managed Security Service Providers, and I don't think that's it!

    I would go with the court case. This has always been my understanding that all "personal grooming expenses" were personal expenses and NOT deductible. Haircuts, manicures, hairstyling, facials, tanning, make-up, etc. I guess if we stretched the definition, we could include the cost for showering, shaving, deodorant, body lotion, cologne, etc., since that would all be seen "on camera?"

  13. Rebate Returns (Unfortuantly another question)

    in General Chat

    Posted

    https://support.atxinc.com/myatx/index.aspx

    I don't know if I did this right. It's under latest news on the ATX support page

    I found this...

    "For now, taxpayers in this group filing a tax return can only file a paper copy of the Form 1040 or Form 1040A. The IRS is working to update its systems to accept electronic versions of these limited-information returns for taxpayers who otherwise have no need to file a tax return. The IRS is also working with the software community to handle these returns electronically at a future date."

    This makes no sense. If a taxpayer has $16K in SS, and 12K of other income, whether it is interest, dividends, or K1, the tax is still $0. Is this a "limited information" return? So, if I e-file a return like this, the system cannot process it. If, however, a person puts the numbers (at the IRS) in from a paper return, it will process it? I guess the source of my confusion is expecting logic and common sense fromt the IRS.

    Seems the IRS may have made a requirement they are not ready to support.

  20. A Walk Down Memory Lane

    in General Chat

    Posted

    Well, things aren't as rosy as I wish I could report. Initial work was quite fast to get something running, but I hit a few snags with the major one being a componant that I wanted to use having easily reproduced bugs. Orriginally I thought I was doing something wrong, but I am starting to lean the other way towards there is an actual problem. I can't just leave it to crash the program when manipulating the forms for printing, so I better switch to another componant.

    About 15 years ago, I took a couple of classes for writing code. I should have pursued it. I know how specialized and tedious your work doing that is.

    You have my utmost respect and support in this venture.

  22. Rebate Returns (Unfortuantly another question)

    in General Chat

    Posted

    If you read IR-2008-21 on the IRS web site , it gives a good idea of the procedure. Right now if you only list SS on the form, either 1040A or 1040, you have to paper file and write Stimulis Payment on top. You can't efile with all zero's on the return. I tried. If the return has any other entries such as interest, div's, wages, then as long as you show the SS on line 20a, it will be OK also. This you can efile. So, if you have a return with just SS on 20a, add $1 interest on line 8 and you can efile.

    That has worked for us. No muss, no fuss. And only the Federal need be submitted. E-filing eliminates the need for writing at the top of the form, as the information will enter their system.

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