Lee B

I used Drake Pay Per Return this tax season. It cost $355 which included 10 personal tax returns.

I have no problems or any delays receiving acknowledgements with Drake, Federal or Oregon.

To claim the LLC, you must meet all three of the following: You, your dependent or a third party pay qualified education expenses for higher education. You, your dependent or a third party pay the education expenses for an eligible student enrolled at an eligible educational institution. The eligible student is yourself, your spouse or a dependent you listed on your tax return

Drake Support will be open from Noon until 6:00 PM EST on Sunday, April 14th. This is a big indicator that the Drake family is no longer in charge.

Once in awhile there is a client that no price is high enough!

There may well be other land improvements that were overlooked back in 2017. Usually farm fencing is a 15 year asset.

Either ignore the W 2 and don't file or paper file the return.

Yes, when that happens it is frustrating. I have several business clients that make it up as they go along, don't ask questions and then I have to play detective figure out what they are doing.

Because omitting the depreciation for more than one is consider to be the adoption of an incorrect method which is handled by filing a 3115.

This plot is worthy of an "Outer Limits" script

I would file the 3115 , deduct the depreciation and handle this situation correctly.

I have a current rejected return due to the spouse's unentered IP Pin. My clients say that she never applied for a IP Pin. My clients are elderly and are not proficient with computers. Just curious, has anyone had a return rejected when there wasn't an IP Pin to be reissued?

If your client's daughter goes to the Americorp website, there should be an explanation for her W 2. Americorp has different programs with some strange tax rules that apply.

i have a client who is 83 years old who is a business owner and is still very sharp and with it.

I have a client who doesn't want to mess with making 4 different estimated payments, so I combine her estimates and she makes one payment on April 15th.

I am on Windows 10 also. I am going to wait and see how expensive Microsoft Extended Service Agreements will be.

I think I will wait for Windows 13

Most of us don't have your years of knowledge and experience.

Perhaps you need an IT professional to do some maintenance

Interesting question, I had never heard of it either. According to the Form 7203 instructions: "Loss and deductions in excess of basis are suspended and carried forward indefinitely and the character of the loss and deduction items is retained. Part III shows the pro rata allocation and tracks any loss or deduction carryforward." I could be wrong but I interpret this to mean that it's not a carryforward of a useable SEHI deduction but a carryforward of a deduction in excess of basis which disappeared when the corporation closed.

It's probably due to your print buffer overflowing with digital garbage generated by the ATX program.

It took me a while to find the notice too: "5. Error identified in Form 1065, Schedule K-1 programming The IRS notifies tax professionals of a programming error impacting e-filers of Form 1065, Schedule K-1, Line 20 for 2023. The error blocked e-filed partnership returns from using Code ZZ. The IRS encourages e-filers to extend the filing of their Form 1065 returns and defer until June 16, by which the error is expected to be corrected. "

Yes, I saw it. It was related to entries - code Z line 20 of the K -1 s.

This is at least one advantage of using a Tax Organizer.

Under imputed interest rules, the $ 2 Million would be the combined total of principle and interest payments for the contract using the AFR at the time the contract was initiated.