Abby Normal

And don't forget to tell mom she needs to report this on her taxes!

MD did the same thing with unemployment and QB hasn't finished the programming yet. Thanks for reminding me I still need to file my unemployment report. Also, my EFTPS password expired so I go to update that and then enter it in QB so I could pay my 941 taxes. Good thing I wasn't doing it last minute!

Sorry you had troubles. It was smooth sailing here.

At this point, if it's not a lot of money, I'd just wait two weeks for the PIN.

All 1120 taxpayers should be set up with EFTPS. If they don't have payroll, it's just something we have to remember to ask about so it's there when needed.

The question is, for 2020, will they able to file a return and receive the stimulus payment as a refundable credit.

Business must pay with EFTPS. This is why the IRS automatically registers each EIN with EFTPS. At least, they used to.

If you just need 5 more days, change one letter of the first four letters of the last name and transmit it tomorrow. It will reject and you'll have 5 days to correct and not be considered late. I've done this at least 3 times in the past and I think one of my coworkers is doing it this year.

In the end, I guess it evened out. We paid too much for awhile, then we paid nothing for awhile, so that's cool. If congress hadn't cut the IRS's funding so much, the IRS wouldn't need to look to us for additional funding.

We were supposed to get refunds of the excess fees. But if you believe that, I have some magic beans I'd like to sell you.

I amended one to remove a penalty because they client lied and told me they didn't have health insurance, so I assessed a penalty. Then they got a notice saying they needed to send their 1095-A and an 8962. So I got them a refund.

I do it in December every year. It's a repeating task on my calendar. When there was no fee, I did it in January once or twice.

There are checkboxes on the Sch E to mark the rental as a complete disposition.

Try setting your zoom page display to 100%. I know it sounds weird but ATX has recommended this in the past.

I've been turned off by the IRS for decades.

If not many assets, discard 4562 and Fixed Assets. Try rolling over return again. We had a similar problem and the resolution was to correct errors in prior year fixed assets. In our case it was garbled short year dates.

Just had to go down to 135% on this site because of the new larger default font. Let me know if you ever want to change the default FF %'s for zoom. These are my what I changed mine to in about:config: toolkit.zoomManager.zoomValues .3,.5,.6,.7,.8,.9,1,1.1,1.2,1.25,1.3,1.35,1.4,1.5,1.6,1.7,1.8,2,2.5,3

Just count backwards 3 years: 19, 18, 17. We can only efile 3 most current years. 17 will drop off as soon as IRS closes efiling in November (usually).

In other words, the 80k was wrongfully included in sales, because it was deposited to the bank account but not properly recorded as a liability. That means the losses they reported on Sch C were off by 80k, and returns should be amended. Some of that 80k is probably penalties and interest. This is why I don't like to do Sch C's without a balanced set of books.

I have a custom serif font that I find more pleasant and readable, but some sites use crazy fonts for icons and my custom font makes a mess of those sites.

Sounds like you have an offsite database and a main database. Never a good situation. Preferable would be a VPN to access your main database remotely. We have 3 locations now and that's how the other 2 locations access the main database. Another option would be for the remote preparer to login into a computer on your network. If none of that works for you, It would be preferable to use backup/restore vs. export/import. ATX creates a backup every time you close a return, and puts an index number in the file name (1,2,3,...), so you could locate where these backups are and just copy the latest ones (sort by date) then restore those.

The only way sales tax can be deducted is if it was previously (and foolishly) included in sales. Or was your post wrong about it being sales tax?

Agreed that client 'received' 185K and that it's all income. JE to pay off liabilities in DR liabilities and CR other income.

Ctrl+ will increase fonts on almost all websites. In firefox, I was able to change the default increases and decreases (Ctrl-) to suit my liking. I view this site at 150%.

Great articles, Judy. I bookmarked them both. Should probably print them to PDF for reference.