Abby Normal

Define 'same time frame' because I only have to get a PIN to login.

Set your computer on fire.

You're gonna need some "me time".

S corp can rent the space but self-rental rules apply. Taking money out as rent reduces amount available for reasonable salary.

I checked your activity to make sure had been on here recently. I was worried about you! Glad you're fine!

The IRS has never been able to get W2s into their system this soon, anyway. That's why matching notices never come out before November, and that's early.

And thanks for replying, Catherine!

Yeah, I screwed up the Social Security and Medicare and deducted for the non-MA W2 as well. Surprised ATX doesn't have that right since W2s are coded to state. I could have overridden the interest, but I always feel like I'm doing something wrong when I override.

This is why I went with Square, Free mobile swiper, 2.75% fee.

But if their income for the year was less than 400% of poverty level, APTC repayment is capped. I've seen this work out well for some, and 2018 could be a banner year for this.

The processing fees are usually lower if you swipe the card than if you process manually. I am a pro advisor too but perhaps I wasn't way back when we tried Intuit. I hate intuit anyway would rather pay someone else.

Suspended losses due to lack of basis don't go on 8582, anyway, they stay on the K1 basis worksheet. And they do disappear when the S corp dissolves, unless there is enough income to create basis. If this was a passive activity for the shareholder, once the losses are released from the basis worksheet, then they go to 8582, until disposition. If the purchase price exceeded the basis of the assets, the income (gain) would have created basis to use up some losses. Any cancellation of debt income to the S corp would also be income and basis increases. If we assume the assets were sold at a loss and any COD income was roughly equal to the losses suspended due to lack of basis, I'd think you'd be safe to just fugetaboutit.

Sorry, I had to laugh at that. A day in the life... I DM'd an IRS employee that hangs on reddit and he asked me if it was their " systemic TDS fax ("three attempts in 24 hours") or their eefax". Told him it was the TDS, but I haven't heard back. Hope the mail comes thru!

I practice a lot.

Same here. QB may have changed, but years ago, in the off months, if we didn't use it, they charged a $35 low usage fee! You wouldn't think it would cost them so much for me to not use it.

There are two credits involved here, the nonbusiness energy property credit and the residential energy efficient property credit.

https://youtu.be/05k90ts2biw?t=59s

A discount to a good tenant who won't trash the place can be allowed. True below market rent to a related party is simple personal use. Line 21 income, no expenses.

Hey, it was my first tax season with ATX. Swearing was the only way I could get through it. I had to enter all assets because none of them converted. And then the letters. Oh, the letters...

No I never went there. I just now put in the changes I think should be done and the refund dropped from 98 to 73. I can live with that! Serves MA right if they send the full 98, because their forms are way too complicated.

I did but I see now I missed putting Social Security in the Non MA income. I HATE that this is a negative column. Be much easier if it was MA Income.

Almost every state I've ever done is easier! MD is a snap.

I don't see that but I'm using Advantage so maybe they don't hassle me.

Two days in a row I called Practitioner Priority line to get transcript faxed for dead guy (eservices won't allow me to download). Two days in a row my fax line never rings with a caller ID that could be the IRS. The second time I asked if they should put a '1' in front of my number and they say no, they don't need to. Anyone else not getting faxes from PPS? On a positive note, my wait time was less than a minute both days.