Abby Normal

Works fine here. You might need to uninstall/reinstall ATX. And if that doesn't work, contact support.

I would never use an inkjet printer, even at home. Strictly lasers for me. Inkjets smear if they get wet, and they're way too slow for a busy office.

There's a tax concept that if you control the rent being paid, then it will be treated as if it was actually paid, even if no cash was exchanged. Record the rent expense on the business and the rent income on the S corp that owns the building.

Neither Chrome nor Edge will update automatically for me, most of the time. I've resorted to putting the installer for both, right on the desktop, so I can update manually, whenever SUMo (Software Update Monitor) tells me there's an update, or whenever I see a news article about either.

Where did the actual money go? Was it a check or an electronic transfer? Or was it never actually received? If the estate received, and they paid it back out to the bene's then the income goes to the bene's. In other words, what actually happened?

I could see myself working in a cool coffee shop (no chains!) in later life. I wouldn't mind doing some roasting of the beans, too. Or maybe a brewery or distillery. Or an animal shelter. All things I have an affection for.

Selectively asking 'how can we afford this' makes me . Also, there's a lot of overreacting on this and I suspect the reality will not be so bad. Wait until we have details and real world examples.

If he took distributions, you could claim a bookkeeping error and reclass those distributions as net wages. Of course there will be late payment of payroll tax penalties.

I don't understand the rush to send in your money. I do it every December as part of getting ready for tax season.

A partnership K1 should be entered on the K1 Input form in 1120S, and it will flow thru to the shareholder(s). Be careful with basis, but since it's a partnership, lack of basis isn't normally a problem, BUT you still need to track the S corp's basis in the partnership.

Just make sure that the actual entity name is on all documents, including invoices, otherwise you're not putting everyone on notice that they're dealing with an LLC. You can have the legal smaller than the DBA, but you say 'Make checks payable to' the LLC name.

On the books, I never do it that way, I just let Retained Earnings go negative. Same on the tax return, since that's where it flows (M2). And there's an M2 reconciliation to RE in worksheet for M2 where you have to enter the amount by which distributions are higher than what the M2 shows as distributions.

APIC and yes it increases basis. Enter it on the basis tab of the K1 in ATX. You never reduce APIC. Distributions close to Retained Earnings.

I find it easier to just search and read articles about any topic than to read IRS publications, etc. I'm always hopeful when I see a Journal of Accountancy or Forbes article, because I've had good luck with them.

I miss the 30 years before this where the 1040 remained mostly the same. Hell, I used to know some line numbers by heart.

Well, in the big picture, you are increasing your Social Security benefits by taking a reasonable salary. I've had people look at their Social Security earnings in the 50s or later and panic because they haven't had adequate Social Security earnings.

For the amount that goes to the seller, set it up as an other liability since it's not income to the broker, ever. He's just holding the money. The commission portion should be reported as income.

I hope the states keep the ability to have PTEs pay and deduct taxes for individuals, even if the SALT limit is repealed by the feds. It helps those who take the standard deduction a lot.

Delete the 4868. Once it's extended it can be discarded. I do this often.

Could be a windows bug. The only thing I would try, before calling in IT, would be to turn off bitlocker on the secondary drive, reboot, then turn bitlocker back on. Good luck!

I switched from Drake to TaxWorks to ATX, and each step was a big step up. The ATX conversion was very rudimentary for us. ATX just need PDFs of every return and mostly just imported names, addresses and SSNs. All assets had to be entered manually.

If you're using bitlocker, there's an option to auto-decrypt all drives when you enter the bitlocker password for the main drive. But it doesn't sound like your main drive is encrypted.

I'm not calling the IRS for anyone's refunds, even if they want to pay me. Especially people who wanted a paper check.

Are we talking paper filed 941s? I would think efiled ones would be handled by computers.

Did you try this: https://broadbandnow.com/