Abby Normal

No imputed interest BS. No gain on repayment if loan basis used to deduct losses. Smaller bill from me. And we're talking about S corps, not C. I think I only have one C corp left.

They were never really loans, and I always catch them in the year they happen and record them as additional paid in capital.

Not the value, the cost basis.

Wow. That sounds like a question from the EA or CPA exam! I have no clue but look forward to some of tax heroes on this board to chime in.

I don't allow my one shareholder or two married shareholders to have loans payable. They usually don't rise to the level of a real loan to start with. I move it all to equity, because I'd rather just deal with stock basis.

Because the government doesn't want paper returns in duplex. ATX puts a lot of restrictions on the filing print packet.

Print the report to PDF and find some PDF tool that converts PDF to Excel. Nothing in ATX itself.

I don't think that's true. I always list all qualifying children whether any care was paid for them or not. Never had a problem.

Don't install the software, just manually install the drivers. If you need IT support to do this, get it, but in my experience windows usually finds the best driver. At least, windows 8 and above does.

Was your new computer off the shelf or did you have it built? Are there a lot of programs installed that you don't need? Are there a lot of programs starting at boot that you don't need running? Is there printer software installed? If yes, uninstall it. Does turning off your antivirus or other security software solve the printing problem? Are you running Win10 Pro or Home? I have seen a lot of people complaining about printing issues, but we only print to PDF and have never had an issue is 7 years.

Well, it was partly a joke 'plan', ha ha. But, before the big law changes, I rarely used it. Besides 2019 and 2018 rules are exactly the same, so unless someone asks for a projection and gives me estimated numbers for 2019, the 2019 column should be identical to 2018, except for kids turning 17, or taxpayers turning 65. And I'm not even sure ATX handles that automatically. If you are using it, I highly recommend setting preferences to not print zeros. It's easier to read and gives you room to type notes.

I don't plan on using it.

If you create the federal efile while there is no state return included, will it efile? We have to paper file most state fiduciary returns, but MD doesn't even want you to file if there's no tax due.

Sadly, it doesn't show on the efiled forms page. You have to open the return and look at the attached PDFs in the same place you attach them (Alt+e, t).

It's not required. Just the name. Do an error check before entering anything on the Auth Info form and you see what the required fields are on that form.

You should post this on the official forum to make sure ATX knows.

If you're not getting any red errors when you try to create the efile (or just check for errors), then you're probably all set. You may have to attach a PDF of the federal and/or state return to the state returns, but I highly doubt the federal needs to be attached.

Is this ATX? I've never seen an error to remove the 8962 and I've filed plenty over 401%. You need the 8962 to repay the APTC.

When I first started, I made attempts that weren't working, so I posted them on AutoHotkey forums and the related reddit, and strangers were more than willing to help me fix my code. Some of the code I copied from them, I still don't fully understand, but basic scripts like having je= type my (Joe's) email address, ad= typing my street address are so easy to write and great time savers and eliminate typos as well. Last year I wrote one to type my ATX password. I don't even know what my password is anymore, but I can look it up in my script, or just run in it notepad.

One little old lady client sent me 25 huge jpegs of her documents, one document per scan of course. It was so big (30MB) she had to send in two separate emails. Fortunately, I have PDF software that quickly combined it all into one PDF, that I then optimized down to 2 MB. YOU CAN CHANGE THE DEFAULT SETTINGS ON YOUR SCANNER! But I guess I should be glad she knows how to scan at all!

I wrote a script after doing a couple manually. Here's the AutoHotkey text in case you're interested: :*:qbi=:: Send, ^i sleep, 750 Send, QBI CALCULATION Send, !a !a !a Send, {TAB 7} Send, SCH C INCOME{DOWN}LESS HALF SE TAX{DOWN}LESS SE HEALTH INSURANCE{DOWN}LESS RELATED RETIREMENT CONTRIBUTIONS Send {TAB}{UP 3} return I didn't test if the sleep was necessary, but I thought it couldn't hurt to wait 3/4 of a second. ^ is Ctrl, ! is Alt and the rest is pretty straightforward. The first line is just AutoHotkey's syntax. I chose qbi plus an = sign as the trigger. I could've just used q= or something else.

The IRS is very good at catching missed estimated payments because those are already posted to your account. Withholding, however, has to wait for all of your records to be posted to your account, and if matching notices are any indication, the earliest they seem to get around to them is November every year and even as late as the following year.

Excess capital losses die with the decedent. I had one where over 320k was lost. You can claim the 3k against ordinary income.

This is why I like to always view the Detail tab for W2s and 1099Rs. It's easy to see if one was missed. For interest, dividends and capital gains, I only input on the Detail tab. It's like working in a spreadsheet. I'll sometimes enter W2s and 1099s in the Detail tab too. I find it easier to hit the right arrow than to click next. It's also easier to copy/paste names and EINs. It's also easier to check all the EINs if they have several from the same payer. Tip: Turn off calculations in Detail tab. Setting is in Preferences.

This is the kind of thing that keeps me up at night, and the reason I like to check and question every line on a return. Yet, I've still done the exact same thing and even had Sch C going to the wrong spouse. Clients usually appreciate when we admit a mistake and take responsibility for it, and get it fixed for them.