Abby Normal

I love retired couples on Medicare with fat investment accounts! I wish them a long and healthy life.

Line 21 income with SE tax is a shortcut that I have used in distant past for ICs that have no expenses, to save from adding a Sch C, but I just add the Sch C now. If it's going to be ongoing, I will at least allocate some tax prep to Sch C the following year.

The only problem I've had in 25 years of using Eset AV is it blocking successful downloads of QB installers. I know now to temporarily disable it whenever I have to download QB.

The beauty of mileage is that the depreciation component does not go away after the vehicle is fully depreciated. So you can end up getting more depreciation than the car cost, but for fixed assets purposes, the net value does not go below zero. LOOPHOLE!

If you choose mileage in the first year, you will use SL depreciation in any year you take actual expenses. If you're using ATX, it properly calculates the cents per mile depreciation for you (Yay!) in any year you take mileage, so your depreciation will be correct, even if you switch between standard mileage and actual. This is assuming you used fixed assets to enter the mileage. If you used Sch C then you will need to calculate the prior mileage depreciation manually to enter into fixed assets.

If you claimed sales tax the year before, and if your tax was zero (no tax benefit). When there's AMT, we open up last year's return and reduce the income tax deduction by the amount of the refund to see if the federal tax changes. Then we print page 2 of the 1040 and the Sch A to prove it's not taxable. This is where closing without saving is such a great idea.

See how easily it could have been done! And just tape your check to the other side!

What do you mean by 'Pre-QBI'?

Everyone is. Fix is supposed to come today. Workaround is use direct deposit for refunds. I haven't had a balance due so I don't know if the bug exists for that as well.

Exactly.

Booooo, MD.

If there's a glitch in the IRS database for that child's name, you'll have to paper file. I had a trust I couldn't efile for years because the name control was wrong in the IRS database. I kept transmitting it every year and finally one year it went through.

If they ask for paper, I just give them the 1040 and the any schedule forms (A, B, E,..). Rarely more than 10 pages (used to be 5).

It can matter if there is a state tax refund. Claiming sales tax makes the state refund not taxable next year. And my state (MD) allows sales tax as an itemized deduction but not income tax, so it can save state taxes too! On one return this year, I did an analysis to see if it was better to force itemized (it was) and then if it was better to take sales tax instead of income tax (it wasn't). It's not as simple of a decision as it seems on the surface.

From my How to notes: If you get locked out of the support site, reset your password. The temp password is the main install code for the current year.

IP PINs work and have stopped a lot of fraudulent returns, but we all know that some the letters the IRS sends out each year with your new IP PIN will be lost in the mail lost by the taxpayer or sent to an old address Then we'll end up having to paper file without a PIN (if it's October) or extend and wait for a new PIN letter. Supposedly, if you have an IRS account, you can login and download your PIN letter, or maybe it's just request a new one be mailed?

I use Thunderbird and I have 572 filters, mostly for clients, to get mail into hundreds of separate folders. I hate when clients use new email addresses.

If no assets rolled over, you have to delete the return.

The form just updated and I'm not sure if it's fixed. I put in a net worth of 500,000 and I'm getting zero franchise tax on line 5.

(Shoo-bop-bop-bop-bop Shoo-bop-bop-bop-bop)

We only enter data from PDF scans, but we don't usually put any marks on the records for either data entry or review. But our PDF viewer has features that we could easily put a mark on the records.

You could upgrade to the Advantage version of ATX. It has book depreciation as well as some added functionality. Could be worth it. See if your sales rep will give you a good deal.

Agreed. They did it to stop people calling support and asking 'are we there yet?'. Some people abuse the 'free' support and need to be less reliant on it. Now they need to combine the two separate availability pages into one complete list! https://support.atxinc.com/download/formdevelopmentstatus.aspx https://support.atxinc.com/support/ATXJurisdictionStatus/Jurisdiction Did you know that there is a forms request page: https://support.atxinc.com/support/FormRequest

Yes the process is the same regardless of the type of setup. If you don't have ATX installed on the new computer, then you can skip the step about stopping the server service on the new computer. People may advise you to just export/import or backup/restore, but those are poor choices when compared to doing it properly.

And so it starts...