Abby Normal

Happy to help!

I just tested it and it worked for me. Try closing and reopening the return to see if it recalculates.

I do something kind of similar but less work and no math, but I've had 3 returns where it was an infinite loop because the taxpayer was very close to the 400% limit and bounces back and forth between no PTC and some PTC. I usually just take enough SEHI to get them right below 400%, and call it a day.

All my hard copies of POAs are in one folder by date filed, since we no longer have physical folders for clients. The scans that are faxed to the IRS are in the each client's folder.

Thanks, Gail, but I think you have to be a customer to subscribe to those emails, at least, I didn't find a way to subscribe. I could have unsubscribed you, though, so you might want to delete that link!

Spitballing for people who don't need to file taxes: Go to IRS direct pay and make a nominal payment of taxes for 2019. File a 2019 return showing your income and ask for a direct deposit of your refund. Yes, I'm two glasses of wine in, but... IT. COULD. WORK!

I don't want to have to go into my tax program to see things that can quickly be seen in a PDF. And what happens if the return file is corrupted or changed in some way, or I switch to another tax program? No thanks. I want a "carved in stone" PDF of every return I produce with ALL the useful worksheets and statements included. We have TBs of drive space these days on drives that will wear out before they ever get full.

In ATX, filing copy is meant for paper filing of returns and nothing is ever masked, but some pages won't print in that copy. We use it for efile signature forms, efile payment info, engagement letters, payment vouchers and estimate vouchers/records. The client copy is the one where you can mask ID#s. K1s can have the recipient's ID# masked in any print copy, and it leaves the last 4 digits unmasked, but it's not masked on most states that I've seen. ATX says states don't allow it, which is because K1 printouts are just for us and clients. States get efiles.

I'm not seeing that. Updated forms and nothing came down. I changed the variable in the letter from estimate due date to return due date, but estimate due date still says 4/15/20. I override the return due date on late filing tab to 7/15/20.

Oddly specific.

Psych! Got an email this morning saying it expires in 7 days. Oh well, at least it comes at a good time to do a lot of research.

Tell them what the IRS just said. They will have to go online and file something simple. I'm guessing this is because it's the easiest way for treasury to get them on the list.

I went here and the offer just popped up: https://taxna.wolterskluwer.com/coronavirus-covid-19

You can't use the same wages to both get loan forgiveness and get reimbursed with tax credits. That would be double dipping. I mean, that only makes sense.

Here's the link if you want to share it with your clients: https://covid19relief.sba.gov/#/

It will be a miracle if they can develop a web portal in a matter of weeks, but my son is hoping they do because he recently switched banks, and his refund went to his old bank.

If they have a 401k, they can take a loan and have extended repayment terms, and not have to worry about taxes unless they eventually can't pay it back.

They have 3 years to return it all and not pay any taxes. They can spread the tax over 3 years if they don't intend to pay it back. It remains to be seen how this will work in years 1 and 2. Will they have to pay taxes and later amend if they pay it all back?

MD site for businesses. https://govstatus.egov.com/md-coronavirus-business

MD issued a "stay at home" order effective at 8pm tonight, 3/30. I saw the town police cordoning off the basketball court in the park last evening. https://governor.maryland.gov/wp-content/uploads/2020/03/Gatherings-FOURTH-AMENDED-3.30.20.pdf

https://www.natlawreview.com/article/cares-act-relevant-tax-summary

Try redownloading all forms for that return.

I have never seen an AMT credit. I was beginning to think they didn't exist. Just rare as unicorns, I suppose.

I was able to do a DE individual return with a 7/15 debit date, so I'd assume it will all be changed, eventually. But if it's not changed, we just have to wait to file balance due returns that want direct debit, or tell clients pay online or by mail.

Or are out of ink/toner.