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Abby Normal

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Everything posted by Abby Normal

  1. The real remedy for paper cuts is super glue. Works like a charm. Pull the cut wide and put a drop in, the squeeze the cut shut, being careful not to glue your fingers together. Paper cuts hurt because of the air getting to the raw skin. Super glue seals all that up.
  2. Upgrade to windows 8.1 . Seriously, it's my favorite version of windows ever. It will be a sad day when we have to day goodbye. Been using it for 4 years now.
  3. For MD anyway. Has anyone seen this in other states that decoupled? Nice surprise the other day when I disposed of an asset with bonus depreciation. ATX used to just warn you that you needed to enter an adjustment. Now it's automatic and has a nice supporting schedule too. Thanks, ATX! A lot of people having been complaining about ATX and saying they were leaving but I've had a very smooth year with ATX this year and I like the improvements that were made. You know what else is nice? There have hardly been any program updates for about two months. That's great because I always dreaded installing those.
  4. Intelliconnect add-on doesn't even work in the new version of Firefox, but you don't really need the add-on anyway. It might still work in IE if you need it to. The add-on is what's being detected as malware because it uses some toolbar software to 'hijack' your search. Not really a concern. ATX is not alone. My old tax software had 'suspicious' files too.
  5. I've never had this but I'm surprised sole prop's can put any of it on Sch C.
  6. I think ATX is deliberately driving low margin customers away. It's the only thing that makes sense to me. Cut back on support so the people who need a lot of support get pissed off and leave. Nickel and dime PRS people so they either upgrade or leave. It seems to be a pattern.
  7. I start off telling them that I wish I owed that much [pause] because it would mean I made a ton of money.
  8. And that we know they don't have the time to look at, nor should they.
  9. Marking created extensions in efile center Find 4868 and and check the created box. Then you can mark all and transmit.
  10. I solved all my trust issues by not trusting anyone. So far, so good!
  11. From Return Manager, go to Tools, Client Communication Manager and start with the Blank template and you can make it as pretty as you want. Save As Extension Letter.
  12. Customizing 4868 before rolling over extensions Before we rolled over clients who have not come in yet, we customized 4868. In Customize master forms, open 1040, 1040 EF, 4868 and Comparison. On comparison page 2, enter some amount on line 63 Total tax in the Prior Year column (This field will be restored later) Link line 63 prior year to 4868 tab 1 line 4. This will show you prior year's tax if you have the Comparison form as part of the return. You can override this when your doing the 4868 later. We usually round up to the next thousand. On 4868 tab 1 line 7, enter zero. (Otherwise, line 7 will flow to the 1040 as if a payment had been made. 99% of our clients are not making a payment with 4868) On 4868 tab 1, check the box, Lock amounts and carry payment On 4868 E-file Info tab: Check Practitioner PIN Link Taxpayer PIN, Spouse PIN, Spouse ERO entered box to the same fields on 1040 EF Info form. Link Date Signed to 1040 page 2 date in paid preparer section at bottom. 6. Enter your ERO PIN. 7. On Comparison form, restore line 63. 8. Save! This saved us a ton of time efiling extensions.
  13. Before we rolled over clients who have not come in yet, we customized 4868. In Customize master forms, open 1040, 1040 EF, 4868 and Comparison. On comparison page 2, enter some amount on line 63 Total tax in the Prior Year column (This field will be restored later) Link line 63 prior year to 4868 tab 1 line 4. This will show you prior year's tax if you have the Comparison form as part of the return. You can override this when your doing the 4868 later. We usually round up to the next thousand. On 4868 tab 1 line 7, enter zero. (Otherwise, line 7 will flow to the 1040 as if a payment had been made. 99% of our clients are not making a payment with 4868) On 4868 tab 1, check the box, Lock amounts and carry payment On 4868 E-file Info tab: Check Practitioner PIN Link Taxpayer PIN, Spouse PIN, Spouse ERO entered box to the same fields on 1040 EF Info form. Link Date Signed to 1040 page 2 date in paid preparer section at bottom. 6. Enter your ERO PIN. 7. On Comparison form, restore line 63. 8. Save! This saved us a ton of time efiling extensions.
  14. If by 'back out adjustment' you mean using code B on the same line of the 8949 that shows the sale, then that is exactly the way we handle it. We used to put them on a separate line of the 8949 until we learned about the codes for adjustments.
  15. You can write your own in ATX. I have several letters from scratch in ATX. Or do you mean as part of a batch process? You're probably in the vast minority of people who print and mail extensions to clients, so I wouldn't expect this to ever happen.
  16. The condo association owns that one unit? Look up the real estate records on that unit to see how it's titled. If she has no ownership interest in that unit, I would consider any money received as a refund of condo fees. The homeowners association is probably trying to avoid taxes on the rental income by zeroing it out by giving it back to the other unit owners. I don't think that works.
  17. Both are things you should not do. Business computers should use the High Performance power option with no sleep or hibernation. I close ATX after every large return or two small returns.
  18. I don't know why 'Wild Ass Guess' isn't an option for valuation method. I think that's really what's meant by 'Thrift Store Value'.
  19. Enter 33.33% in fixed assets.... or only enter 1/3 of the cost of the assets and leave bus% at 100%. I inherited one where the each 1/3 owner was taking full depreciation.
  20. No, PDF. But I have PDF software (Nuance Standard) that will make any PDF searchable. I use it a lot on wills, articles of organization, and other documents I receive as a PDF. My scanner can also scan OCR but the PDF software does it faster and better. The scanner doesn't recognize spaces as characters, so if you copy/paste a line all the words run together.
  21. You copy paste most of this as a start. https://www.irs.gov/uac/business-or-hobby-answer-has-implications-for-deductions
  22. I never experience the way it was, but I don't find it so bad.
  23. Actually, I'm doing one right now and I don't even need any tapes. Just put the basis adjustment number in 8949 adjustment column with code B. Done!
  24. Hey, I included myself, but yes, yes I am.
  25. ... and making them searchable really saves a lot of time. You can search for the word foreign or a certain amount or investment name or account number... helps prevent omissions too.
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