Abby Normal

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ATX has carryovers for Sch D in the worksheets. Same for 8582 losses, foreign tax credit, contributions, PTP losses, etc. There's no one central place to see them all.

It doesn't have all the carryover info on it but it's better than nothing.

Not having a full and complete backup of all of your files is foolish. In addition to backing up the entire Wolters Kluwer folder, you should at least backup your documents and many other things in your Users folder, plus anywhere else you keep important files. It's important that you end the ATX servers, all of them that are running, before backup up the Wolters Kluwer folder. Occasionally, I turn off all the ATX servers and copy the entire Wolters Kluwer folder to My Documents and then it gets backed up with all my other documents. I name the folder Wolters Kluwer yy-mm-dd and keep the latest 3.

Back when DOB was required for efiling, in the 90s, the IRS had a birth date that was one day off from what the client said their birthday was. After it rejected I tried one day before and it went through. Perhaps this is why they IRS stopped verifying birth dates for efiling.

I love my Brother color laser HL-L3280CDW. It has a great envelope bypass and it was very reasonably priced, but it's monthly duty cycle is only 3,000, so it might not be good enough for printing a lot of pages.

Didn't even know such a thing existed.

Basis = Beginning Basis (0) + net income (18,290) - distributions (?) +/- other adjustments (if any) = 18,290. Software is correct.

The return is signed by the executor or personal representative, same as a single person's would be.

To say the least.

Last time I did a 1040X, a few years ago, there was no option for direct deposit or direct debit. Not sure what the reason is.

Any address will work and zip codes are easy to look up. I doubt anything other than EIN and Name Control matter. Just pick a zip code in the state and make up an address.

Just file it with the 4 letter name and partial address. The IRS only verifies that the 4 digit name control matches the EIN, they don't check the address.

I got a return from the big CPA firm in town and when they looked at the comparison, dividends were double the year before, and rather than double check their work, they circled the increase and wrote "Wow!" next to it. I quickly caught that they had entered a trust 1099-DIV on 1040 as well as the 1041, so, ta-da, dividends were doubled. I got to amend both the 1041 and the 1040, and got the new client a 10k refund. I used to work at that firm. years ago. The word of mouth referrals, or retelling of the story, is always good for my business.

For clarity, on the 2nd K1 you'll have an other increase or an other decrease to make it zero. So on the main K1, you'll need the opposite. If you have an other decrease on the 2nd K1, you'll need an equal other increase on the main K1. This represents the rental income.

No, I was referring to one K1 with both ordinary income and rent income. Those have to be entered as two separate K1s in ATX.

Piratization

When I have two K1s, I make the basis worksheet on the 2nd K1 work out to zero each year, and maintain the actual basis on the main K1.

Did you calculate partner basis? Did you check to box on the K1 input to calculate basis?

What I recommend doing is have a free checking account for all electronic payments, keeping the bare minimum that the bank requires in that account. Then just transfer money to that account to cover payments, and when a deposit is received, transfer it out to your normal account.

But they're not doing daily cleanings or providing other services like a hotel. I would go with sch E.

In preferences, client communication, there's a check box to turn that on or off. You can also turn it on or off inside each return while in the Federal Client Letter by selecting Letter Options at the top.

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It's the PTIN Directory you want to opt out of. Numerous sites download that data and make local lists of tax pros. I signed up to have Google search for and alert me about my personal info on the web, then give me the opportunity to have it removed. https://myactivity.google.com/results-about-you

Read it in a magazine article a few years ago. It made sense because most of the CP2000s I was seeing were for at least 1,000.