ETax847

New setup was a breeze! Hopefully the rest of tax season will be just as smooth!

I thought they were supposed to simplify the tax code! This QBI seems to have complicated things!

I heard someone refer to the TCJA as the "Full Time Employment Accountant's Act". There will def be a need for people to seek out professional help this tax season which could potentially lead to more fees.

Thanks gang! This was most helpful

Having the same issue. Hopefully this is not a sign of things to come.

Does anybody have any good websites that clearly explain the QBI deduction? It seems rather complex and wonder if any particular websites do a good job simplifying it (if thats even possible)? Best wishes!

Thanks guys! Now if we could just get the new software in our hands :)

2 Questions Regarding 2018 Tax Organizers: 1) Are you plan on adding any customized questions (i.e. for crypto transactions or QCD's) 2) When are you planning on sending your clients their 2018 Tax Organizer? Thanks!

ATX customer service is not very helpful.

I've tried rebooting and restarting the servers, but neither did the trick

When trying to open the 2017 software, I am getting a Server Progress pop up box with the following database server error message: Could not listen to port. Prior status was "Claiming Port'. Does anybody know how to fix this issue? I had a customer service agent help me with it earlier in the week and now the issue has returned. Please help!

Does anyone use a docu sign provider to allow their clients to e-sign the e-file authorization forms? I'm considering implementing this for the upcoming filing season.

I have a client that still has yet to pay his 2017 tax prep invoice. Does anyone have any tips or tricks to collect on clients who drag their feet when it comes to paying their fees? Thanks!

I think it's land, because the property tax assessment treats it that way. So no depreciation was my thought

My initial thought is to treat it as 39 year non residential real estate, but Roberts, I agree with you.

Client rents out a parking spot in a condo building. He only owns the parking spot. What type of depreciation do I use for this type of rental? Thanks!

I checked today and my form 5695 still has not had any modifications yet. I have checked for updates but there is not one. Can someone please confirm?

Lynn, I'm looking at the form in ATX and most lines say reserved for future use. Any idea what line to add the costs for energy efficient windows? Thanks so much for the prompt response!

What schedule does the credit for energy improvements to the home on and also is this form approved yet for e-filing? Thanks!

I cant believe this issue has not been resolved yes on the IRS' end.

This is my first year suppressing the information on the Client Copy and the client feedback has been most positive. Hope everyone is having a smooth tax season!

Any word on when the IRS will update form 5695 and allow for e-filing of returns that contain this schedule?

Client started a Go Fund Me page to receive help for medical expenses. Ended up receiving over $25k and received a 1099K for 2017. How is this reported on the tax return and should it be backed out because it is not income?

thanks Lynn!

Doing a multi state NR for someone who worked 5 days in the state of CA. Where do I put the income not earned in the state of CA to subtract that out? I'm not familiar with this state's NR return and am not certain where this adjustment goes. Please advise