Jack from Ohio

On 4/16/2020 at 10:15 AM, JackieB said:

With everything now - I have  a lot of clients that asked for their refunds to be applied forward wanting to actually get the refund instead. Their returns already being filed - is there a way to do this? 

Short answer - NO

What makes this kind of situation even more distasteful, is the fact that there is a limit on the penalty for the following year.  

8 hours ago, BLACK BART said:

Sent off several returns to ATX about 4 hours ago and get "transmitted to EFC" but not "transmitted to AGENCY" yet.   Anybody else getting that today?

 

10 hours ago, jklcpa said:

Scam.

DITTO!

Get a more knowledgeable I.T. person, to clean out the boot area. It is fixable.

Easiest way is to get a new WIN10 computer.

Ignoring all the hype, and doing business as usual.  No different than any other flu season.

Common sense rules our actions.  Not media hype.

Just now, Max W said:

Can Sec 179 be applied to painting of a residential rental?  I could not find anywhere that painting was specifically mentioned.  Isn't Painting considered as maintenance?

Maintenance.  Expense it.

3 hours ago, Max W said:

No wedding!  Neither wants it.  A 1099-Misc doesn't work because she is really an employee using his equipment and getting reimbursed for expenses.  P/Ship solves all of this.

At least right now.  Too volatile for a partnership.  In my observed opinion.

1 hour ago, ILLMAS said:

"Year in Submission ID is incorrect 2019, should be 2020"

Has anybody else experience this problem when trying to submit prior years?  The fix was to delete form 8879, save and close client, re-open and re-add form and then re-efile return.  Well it hasn't work for me.

 

Remove 1040 efile form.  Then close client and add the  forms back, create e-file.

1 hour ago, Lion EA said:

Ohio has all kinds of local taxes.

23 minutes ago, Margaret CPA in OH said:

Ain't it the truth!

Most Ohio returns have 4 returns.  Fed, State, School District, and if applicable, city tax.

Direct from the IRS:

"Most taxpayers will receive their refunds in 21 days or less. There is no guarantee concerning how long refunds will take."

Some refunds will not be sent out, until mid March.

12 hours ago, ADK2ATX said:

Hi all,

If the MFJ vs MFS comparison form reveals that MFS would be the ideal filing status, is there a button in ATX that I can push to "rip" the MFJ return into two separate MFS returns?

Thanks  

NO

Go to MyATX website.

choose e-file status

click on rejection information.

In the lower left corner of the box that comes up, will be the SS# related to the error.

There is no getting around the early distribution penalty.  

Don't do it!!!!!!

2 hours ago, cl2019 said:

if payee refuses to provide w9, what should payer do about issuing 1099 misc? Thanks.

 

Don't hire the person, until you have the W-9.  

35 minutes ago, Chamberlain said:

It should roll over...just invites errors having to enter it each year, and seems silly to require ID every year.

I get new ID when the old one expires.  We should only have to reenter if expired.

 

 

IRS does not allow that information to roll over.  Entering it every year, is SOOOO difficult, and is a method of verifying identity.

11 hours ago, ETax847 said:

ATX does not seem to be rolling the info over.  Any idea why or what I need to enable?

Drivers License information must be entered each year.  It will not, by design, roll over from last year.

4 hours ago, BLACK BART said:

Just had my first two W-4 inquiries in yesterday and, as expected, employer told them "We're  only allowed to answer two or three questions about that; your tax advisor will have to do the rest".  Talk about a cliche that's been beaten to death.

 

Income opportunity????

20 minutes ago, cbslee said:

I just fired a payroll/tax client, a carpet installer who I had to remind one too many times that he had forgotten to pay me.

Nice guy, but now that I am easing into semi - retirement I just don't need the aggravation.

My answer to that problem is simple:

Return is not given to the client OR transmitted, until I have been paid.

Only certain state REQUIRE the drivers license information.

We require it for ALL clients, as part of our documentation for security.

5 hours ago, ILLMAS said:

Just out of curiosity, why do IRS agents a request a copy of the forms 1099s, 1096, W-2s & W-3 even though they were efiled under an audit?

They are still in the stone age....

1 minute ago, ILLMAS said:

We might be boring, but we never stop learning   If you are using ATX payroll package, you will need to print out the form 1096, along with the 1099s and Copy A at minimal to give to your client.  Also when ready to print, make sure on the pull-down menu to select 1099MISC to be able to print everything at once.

WRONG!  If you e-file the 1099 forms, there is no need to produce a 1096.

Efilie of 1099 is exactly the same process as e-filing a tax return.  However, it is not Jan. 27 yet.

I am curious why everyone is in a break-neck hurry to file 1099s.  I wait until 1 week before the due date, and file them all.  This allows time for those last minute changes, that invariably come through.

49 minutes ago, schirallicpa said:

So my assistant of many many years left me last summer and she did the 1099s.  

So here I am scrambling to do 1099s.  

When I create the 1099 efile, I only get the 1099.  How does the 1096 get filed?  

(forgive me for my lack of experience in this area............)

Are you using ATX?

20 minutes ago, Abby Normal said:

I use temporary portals like send.firefox.com and sendinc.com. I tell clients to use these same free services to send me info. Both they and I feel better knowing it's temporary and their sensitive files aren't sitting out there somewhere to be hacked.

Are there limits to the number of e-mails that can be sent?  Can there be more than one user?  Send me a PM?