Abby Normal

I've noticed that it works sometimes but not others. Someday ATX will add enough to Advantage that I'll upgrade. I was tempted this year.

Bummer that they paid to tax to MA and now have to pay again to NC, but I understand states taxing retirement contributions when earned.

Ah, ok. Your original post stated just the opposite.

Why is it excluded from federal taxation?

Fonts are located on windows computers in C:\Windows\Fonts ATX font names all start with ATX.

I hate preparers who don't calc or provide the calc of basis. The return is useless without basis. I've caught several local CPAs deduction 1120S/1065 deducting losses with no basis.

ATX handles both stock basis and debt basis very well. But I never allow my S corps to have any loan payable shareholders. It's never documented in any way, so I just move it all to add'l paid in capital. Keeps it simple and avoids debt basis calcs.

You can only efile one return for each ID# per year. We had to paper file two short year S corp extensions and will have to paper file the returns.

The 'other' extension is file as is and amend later.

No but I've noticed the width shrinking in recent years.... but I'm ok with that. Just looks silly on the standard holders these days.

I'm not a litigious person. Free identity theft service is adequate compensation. I check my credit reports several times a year.

When you use 529 funds to claim an education credit, a prorated amount of the earnings can be taxable. But in my experience, the room and board costs are usually more than enough to make the earnings not taxable.

Well, yeah, if your server service isn't running, ATX won't start. Also, I learned this, this year: Make a copy of and then delete: C:\Program Files (x86)\Common Files\CCH Small Firm Services\ATX 2016 Server\Sfs.ServerHost.exe.config

Decedent's Estate The fiduciary (or one of the joint fiduciaries) must file Form 1041 for a domestic estate that has: Gross income for the tax year of $600 or more, or A beneficiary who is a nonresident alien. So you don't have to file, but if it's a final return, you'll want to file to pass out the excess expenses, etc.

https://i.imgur.com/PcZb5vI.mp4

You really have to wait for the IRS to make changes before you can file current returns, because those changes will affect at least capital and partner's basis. Or, if you can't wait for the IRS changes, file knowing you will have to amend. And for years the IRS changes, you could respond and add depreciation and any other changes you know need to be made, so you wouldn't want to do a 3115 to include all the depreciation. It's a mess!

Won't the IRS mail refunds to a foreign address? I don't see why not. But, yes, efile and direct deposit is best.

So the client has no accounting software? In other words, no books? Send 'em packing. Not worth the trouble.

When we switched to direct deposit, we just moved the cutoff date back from Thursday to Wednesday so direct deposit could happen on a Friday. No big deal. One pay period was just 13 days instead of 14.

Except it sounds like he can't save any money.

This is the wackiest thread I've ever seen on here!

The runs?

8.3330 + 0.6666 + 8.9996 T Where did the .0004 go?

I frequently have to remind my bookkeepers to think of each transaction separately and don't relate them to other transactions. Here we have a $100 theft. Any transactions that happen after than, other than simply returning the stolen $100, has no effect on the initial transaction.

I did sound for a play called "Other People's Money" and this was one of the songs I used for pre-show music: