Lee B

Can't you enter the original payment on line 24?

Thanks go to Don de Drain a guest blogger on the Procedurally Taxing website: "FREQUENTLY ASKED QUESTIONS: 1) Q: Who came up with the idea of issuing Frequently Asked Questions? A. On advice of counsel, the person who came up with the idea of issuing Frequently Asked Questions is refusing to answer this question on the grounds that it may violate their 5th Amendment right against self-incrimination. 2) Q: Has the issuance of Frequently Asked Questions actually proven to be helpful? A: The issuance of Frequently Asked Questions has proven to be very helpful to attorneys who like to challenge in court the validity of IRS rules that have not been published in the Federal Register under the Administrative Procedure Act. 3) Q: How often are Frequently Asked Questions actually asked? A: Frequently. 4) Q: Seriously, how often is “Frequently?” A: Once. After the question is asked here, no one else ever asks the question again. 5) Q: Who are the people who actually decide which Frequently Asked Questions to include on the IRS’s website? A: See the answer to Question #1. 6) Q: Why does the IRS issue guidance like this in the form of questions? A: Why not? 7) Q: Can we rely on the answers to Frequently Asked Questions? A: Yes, except that you cannot rely on the answer to this question. Q: Will I be penalized if I take a position on my tax return that is contrary to the answer to a Frequently Asked Question? A: Only if the answer to the Frequently Asked Question is unintelligible. 9) Q: Are these Frequently Asked Questions binding on the IRS in Court? A: Only if the Questions have been written by someone living in Thailand. 10) Q: Why is that? A: Because it’s the Thai that binds. 11) Q: What do we do when there are conflicting answers provided by two different Frequently Asked Questions? A: You pick the answer you want to pick. Then the IRS will pick the other answer if your tax return is audited, and the Tax Court will decide which answer it likes better. 12) Q: What is the actual location of the United States Tax Court? A: We are not sure. We looked in the pocket of IRS Chief Counsel and did not find the Court there. We also looked in the pockets of some random taxpayers and did not the Court there. The Tax Court appears to be an independent body located somewhere in the penumbras between Article I and Article III of the U.S. Constitution. As a result, the Tax Court is considering renaming itself the United States Tax Court of Quantum Physics."

Among the posters on this board we have a wide variation in skill levels from those who are just be beginning their careers to those who are winding down their careers. While you have a right to your opinion, I think your posts are excessively sarcastic and don't belong here. Perhaps you have had a really crappy day and you normally wouldn't have posted your comments?

Current year plus the 2 prior years.

"New clean vehicles placed in service on or after April 18, 2023, are subject to the critical mineral and battery component requirements even if the vehicle was ordered or purchased before April 18, 2023. A vehicle's eligibility for the new clean vehicle credit is generally based on the rules that apply as of the date a vehicle is placed in service, meaning the date the taxpayer takes delivery of the vehicle." Updated EV Vehicle Credit FAQs: https://www.irs.gov/pub/taxpros/fs-2023-08.pd

Sounds like you will have to wait until ATX updates their programs.

I always used to put my business and personal tax returns on extension and end up filing them in October until I slipped and filed my 1040 around October 21st. Now my business return is the very first tax return that I file every year and I file my 1040 by the end of February.

The taxpayer is required to notify the Marketplace of any change in circumstances.

Wow, ATX is really slipping this year.

In my state the number of Licensed Tax Preparers ( Oregon has mandatory Licensing ) has declined 11% in the last decade so everyone is busy.

Another day in the life of tax preparation

ATX should have have fixed this weeks ago. Drake handles this very smoothly.

Good Article: https://kahnlitwin.com/blogs/tax-blog/the-pros-cons-of-making-the-grouping-election-for-your-rental-real-estate-a

Yes Catherine, you have a real talent, perhaps there is another career in your future.

A fairly knowledgeable retired neighbor of mine has prepared their return on Turbo Tax for years. This year she was unsure about something so she asked for some online advice. Her Turbo Tax fee for their 2022 tax return was $277.

I would probably charge $595. Basically, I bill on value delivered plus a bit more for extra time.

Instructions for K-1 Form 1041: "Box 11, Codes C and D—Unused Capital Loss Carryover Upon termination of the trust or decedent’s estate, the beneficiary succeeding to the property is allowed to deduct any unused capital loss carryover under section 1212. A short-term capital loss carryover, reported as code C, is reported on Schedule D (Form 1040), line 5."

Most of the time our elected representatives are voting on a law they haven't even read.

Actually our elected representatives don't write these laws, they are written by the staff of the committees our representatives are on. At the Federal level most tax law is written by the staff of the Joint Committee On Taxation.

I am really glad that I decided that I don't have the expertise to prepare Estate and Trust Tax Returns.

"Scholars, policymakers, and taxpayers themselves often cite complexity as one of the worst problems plaguing the tax system. Complaints include, among other things, that the Internal Revenue Code (the “Code”) is too long, too difficult to read, very complicated, and, often, unclear. Among the many costs of tax complexity are (1) billions of hours of paperwork and stress that taxpayers face each year, (2) monetary costs that taxpayers bear when they hire advisors and purchase software to report their tax liability and file their tax returns, (3) difficulty that taxpayers encounter when attempting to claim tax credits and other benefits, and (4) challenges the IRS confronts when attempting to deter tax avoidance and evasion opportunities that tax complexity often creates. As we have discussed extensively, one way in which the IRS manages tax law complexity is through a phenomenon we have called “simplexity” – the presentation of complex law to the public as if it is simple, without actual simplification of the underlying tax law. The IRS relies on simplexity in many plain language explanations of the tax law, such as IRS Publications and automated legal guidance (in the form of the Interactive Tax Assistant). Simplexity enables the IRS to explain the tax law in ways the public is more likely to understand, thereby fulfilling the IRS’s duty to help taxpayers comply with the tax law. However, simplexity has its own problems, including oversimplifying the tax law, and, ultimately creating a two-tier system, whereby sophisticated parties enjoy benefits from the underlying, complex law, which benefits are not available to the general public." This is a great explanation of our convoluted tax system. It does give us "job security" but even at our level of knowledge we don't have the depth of expertise to exploit the loopholes buried deep in the code.

Yes of course

I was asking about the last previous update to your server, wondering if that was when your freezing issues began?

"A quick overview of the differences between mineral rights and royalty interests shows a mineral interest is a real property interest obtained by severing the minerals from the surface and a royalty interest grants an owner a portion of the production revenue generated." I think that the Mineral Interest Income of $34,402 is taxable income which needs to be reported although there may be deductions related to it.

Sometimes mail gets stuck in the bottom of a canvas mail bag for days, months or years.