Abby Normal

I do a lot of returns where the revocable trust's ein is on the forms, and I just report it on the 1040, and have never had a problem. But you're right. The instructions do say to file a blank 1041. Although, in practice, I doubt the IRS would really care.

The IRS usually cuts off online access to transcripts within a month of when a person dies. If I already have a POA for a client, I download everything I can as soon as I see the obit. You can file a 2848 as personal representative of the estate and attach the court document showing you as personal rep or executor, but you will still have to request paper copies be mailed. Obviously, now, that entire process could take quite awhile. Make sure you check the box on the 2848 to have copies of everything sent to you. You can fax in the 2848 along with the court doc's, but I'd also mail it with the 4506-T. Good luck!

We use the organizer as a checklist of what documents are needed. You must be using the basic organizer, which I haven't looked at in ages because it was not suitable for our purposes.

I've never had the type of trust that you describe, but if it's ignored for tax purposes, no 1041 is filed. If it's not ignored for tax purposes, the trust will pay taxes if the income is not distributed.

I think you mean 'revocable' trust, in which case the trust doesn't even file a tax return. https://www.thebalance.com/what-are-grantor-trusts-and-how-can-they-be-changed-3505545 But if it is an irrevocable trust and there are no distributions to the beneficiary, then the trust pays the tax at very high rates.

If you had your fee deducted from your refund, the IRS screwed up and used the 2nd account, which belonged to the preparer, and is no longer in existence. Sadly, many of those who did this are among the poorest of our fellow citizens.

Since the company only paid 3500 net, add 3500 to box 1 wages only, not Social Security or Medicare. The 3500 is SEHI. The 1,500 should come out pretax so she doesn't lose out on the deduction.

Neither the W2 or 1099R pages have columns for last year's amounts. Are you using the basic or comprehensive organizer? I've only ever used the comprehensive one.

Got mine this morning, too. It showed as pending over the holiday weekend. If you don't get it now, you claim it on your 2020 return. That's why they're rushing to get it done by January 15th.

https://www.cnet.com/personal-finance/second-stimulus-check-irs-has-11-days-to-send-out-payments-when-will-yours-arrive/

People are getting the payments now but most will receive in 2021. Have not heard if the new round of payments will be part of 2020 or 2021 tax returns. It almost has to be 2021 because the Treasury will not have all the payments out before people start filing their taxes. Right?

After being a Quaker for awhile, I attended a regular church service and felt like I was at a musical play. I enjoyed it but did not find it spiritual at all. Guess I'm just a quiet man.

Hope everyone enjoyed their Christmas. I thought it was a great Christmas because we didn't have to spend hours in the car. We had a great zoom session with the kids and grandkids. Plus we had dusting of snow later in the day as we were watching the movie White Christmas! It was a very good a Christmas.

$300 x 12% = $36 in tax savings, which I'll take but it's just crumbs. $3,000 would be a lot more useful, obviously.

Isn't efiling the real better option?

I do plenty of trust and estate 1041's but mostly MD & DE. Client wants me to do a VA trust income tax return. I'm going to read the instructions thoroughly, but any tips or cautions I should be aware of? The lawyer wants me to call them, and I'd like to sound like I know what I'm talking about.

I often get an error message when I login, but if I ignore that message and go to support.atxinc.com (or other bookmarked page), I am logged in.

If you have a Gmail account, you can just use Google Meet without having to install any software. I haven't tried it yet, so I can't vouch for it. https://meet.google.com

Better version Tax Office Cyber Security Plan-Fillable.pdf

I used Kofax (formerly Nuance) to make the Drake form fillable. Unfortunately it skipped some areas and one page entirely, so I had to create some fields by hand, and they look a little rougher than the fields created automatically. When enter the business name on page 1, it will link to all the other business name fields on the Acceptable Use Policy page. You might have to abbreviate the name for it to fit and be readable on the Acceptable Use Policy page. Let me know if you find any bugs or changes you'd like to see. Enjoy! Tax Office Cyber Security Plan-Fillable.pdf

Go here. It will have your codes and the software. https://support.atxinc.com/download/ATXProgramDownload?year=2020 Go here for all your install codes for recent years, and print them to a pdf for your reference. https://support.atxinc.com/myinformation/MyProducts

I recently uninstalled CCleaner because it was deleting my Firefox add-ons settings and driving me nuts. Windows has built in disk cleanup but it takes a long time to run. If you're really short on space, you can tell windows disk clean up to delete system files as well. It's a shame because CCleaner is very useful. I recently came across a computer with a hard drive nearly 90% full. I ran CCleaner and it got rid of years of windows update files and the disk ended up only about 20% full. You could put a shortcut to your temp folder on your desktop and open it up and delete all the files once a day. %temp% is all you need to have for the shortcut location. Some files might not be able to be deleted due to programs running, and that's ok. Also, set your browsers to delete cache when closed. It's personal preference to delete browsing history and other things, but you'll want to keep your cookies to save time logging into some sites.

But if they're just workstations, no ATX data is stored on them.

Happy and safe Thanksgiving! We'll be video conferencing with our family. And this year, I get to do all the cooking!

I've never heard that theft loss is not deductible and have deducted it a few times myself.