Abby Normal

But it sounds like SSA doesn't forward the bank info to IRS.

Look at the Social Security card and just use the first part of the last name or a shortened first name, since the IRS does not care about first names.

Well, that seems to be the heart of the matter, but the only way to give the irs new bank info would be to make an estimated payment for 2020 (using direct pay) and then file for a refund. And this is just for future stimulus payments, so it should be worthwhile.

Danger, Will Robinson!

And did you do what the error tells you to do ?

Rollover problems are usually prior year ATX server service needs restarting.

I simplified it myself, years ago. I never use the 1099SA. I go straight to the 8889 worksheet and override the distributions amount line and I've already linked that line to the medical expenditures line so they match.

The error is telling you to delete the dollar amounts you entered in the columns and just enter the total APTC received.

If you have any crappy software installed that came with your printer (printer monitor, etc.) uninstall it. Close ATX and reopen before printing.

No, it's what the monthly premiums would have been if they got zero subsidy (APTC).

The bill is just now going into reconciliation so anything is possible.

You should be able to efile almost any return, with very few exceptions.

It is. I kept looking for it to come down on a forms update, but it never showed. It just magically became available in forms.

Just pick your favorite 1099R and enter that EIN. If they don't fix this, I'll try linking the EIN from the 1st 1099R to the line 25 worksheet, just to avoid the annoyance.

The code is on the 8949, and it's conveniently H.

Tax would be on the gain, not the proceeds.

Take the money and run, is my philosophy. It's too small of an amount for the IRS to be concerned about, especially as slammed as they are now.

The IRS didn't release it until 1/25/21, so ATX could not have finalized it before then, but 3 weeks does seem like an inordinate amount of time for a form that likely has only minor changes. https://apps.irs.gov/app/picklist/list/formsPublications.html;jsessionid=OcZFnVYyW1B2OcLd-A1UPgSY.20?sortColumn=postedDate&indexOfFirstRow=0&value=&criteria=&resultsPerPage=25&isDescending=true

I think the proposed new Biden bill has a provision to make the additional unemployment not taxable, but until it is signed into law, we won't know for sure. Or maybe I'm confusing it with the proposed MD law to make it nontaxable. I've read so many things that they're becoming a swirl in my head!

On a positive note, you get to bill them for two part-year returns, which should end up being about 3x your normal bill. If you're using ATX, you'll want to do a short year rollover in the 2020 software, after you've done the old partnership final short year. You do this on the month/quarter tab of the 2020 rollover screen. This will rollover all of your assets with the proper beginning accumulated depreciation, and it will calculate the correct short year depreciation for the new LLC's first short year. Make sure you enter fiscal year dates in the old 1065. Now here's where you get to be a hero. There will be late filing fees for the old 1065, but you can get them automatically removed either under first time forgiveness or by using this: 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.

I don't get it either, unless ATX believes that anyone who needs estimates, doesn't even file before March 1st... which is like they case for my clients.

I don't think most of my clients would be capable of filing an FBAR. If I didn't have notes on how to do it, I'd be lost every year. The system is way too complicated, unclear and doesn't always work as you would think.

I only do a few but I never considered any liability in doing so.

Haven't seen any yet, but I imagine a lot of folks are going to get a surprise 1099-G for unemployment this year. These state agencies need to tighten up their scrutiny of whose bank account these funds are going into.

The IRS disagrees: https://www.irs.gov/coronavirus/second-eip-faqs#Eligibility If you died BEFORE 1/1/20 you don't get it.