Abby Normal

So true. Somehow the errors just pop out in final form. Weird.

That's so meta to quote and reply to yourself.

Fortunately, partnership penalties are automatically removed with these magic words: Partnership Late Filing Penalty Relief Please remove the penalty for late filing of a partnership return under Rev. Proc. 84-35 and code section 6698(a). The partnership is a domestic partnership with 10 or fewer partners, each partner is a natural person or an estate, each partner’s share of each partnership item is the same as such partner’s share of every other item, the partnership has not elected to be subject to the consolidated audit procedures under IRC 6221 through IRC 6233, and all partners reported their share of all pass through items on timely filed individual returns.

A robot created this image. I think it's a warning.

Um... we filed extensions, as normal, for all entities on 3/1. It was almost meaningless to us that the dates changed. And the 1120S due date has been 3/15 forever. The due date for 1120 moved to 4/15 and the 1065, quite correctly, moved to 3/15 with a 6 month extension. I wholeheartedly approved of these changes.

If you do you might get smacked.

No arguments here. I was just worried I had done it wrong in the past when Medicare wages was mentioned. Now I'm relieved.

Which would often be Medicare wages, but not if you add shareholder health insurance to box 1. And, usually, if there's a SEP, there wouldn't be a SIMPLE or 457, in which case Box 1 would have the right number, most of the time.

WHAT!! I've always used box 1 wages. Oops! Do you have any authoritative citation for that?

'Bury 'em in paper' usually works for me!

Just downloaded an optional windows update that fixed this printing problem. For 8.1 it was called Preview of Monthly Quality Rollup and it was KB4022720. It will be a different KB# for 7 & 10.

If they had been filing joint returns in the past, it's best to use the same primary taxpayer as was used previously.

Are you sure the letter isn't a scam?

If a prior return was filed, the efile would have been rejected.

A friend of mine keeps old calendars for prior years and when he was audited. He used a bunch of different pens to recreate his mileage log on a calendar. IRS accepted without question.

They either have to wait two years to sell his, or pick the one with the bigger gain and exclude that. They might also be able to use the 'unforseen' circumstances to get a partial exclusion on the second home. Are the gains big enough to even be concerned?

You report the Social Security in the year it was received but you can calculate the tax as if it had been reported in the earlier years. MAGI is calculated before the PTC.

Not in the instructions yet. https://www.irs.gov/uac/where-to-file-your-taxes-for-form-2553

This is exactly why I'm always a bit apprehensive doing those Sch Cs where you just get a sheet of paper with sales and expense totals. And many times the taxpayer might be missing deductions.

Called eServices and they know about the printing problem. A windows update caused it and we have to wait for microsoft to fix. The workaround is to select all, copy and paste into a text document. It now says that at the top of the login page.

The enforcement period is 6 years but there are facts and circumstances exceptions. https://www.irs.gov/irm/part4/irm_04-012-001.html#d0e61 Also, until the taxpayer signs a return, whether actual return or SFR, the statute of limitations on assessments does not begin to run (scroll down to SFR). In other words, that year is still open. Substitute for Return (SFR) The Service has authority to prepare and process a tax return when a person fails to file a required return or files a false or fraudulent return under authority of IRC Section 6020(b). If the Service processes a tax return prepared under the authority of IRC Section 6020(b), the assessment date will start the period for the statute of limitations for collection per IRC Section 6502(a)(1), but does not start the period of limitations for assessment. If the taxpayer signs a SFR return prepared from income information received from the taxpayer, it becomes the taxpayer’s return per IRC Section 6020(a) and starts the assessment period of limitations.

Canopy finally worked.

Canopy failed to pull the transcripts too, which I'm assuming they do as a print to PDF function. Email eservices to complain. The IRS e-help Desk hours of operation are 6:30 a.m. to 6:00 p.m. Monday through Friday Central Standard Time. Please call the e-help Desk's toll free number, (866) 255-0654.

I just tried to print from eservices and I'm getting the same path error. Must be a problem with eservices. Off to try Canopy!

Has anyone tried CanopyTax yet? It's supposedly free to try.