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    ATXaholics Anonymous

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  1. There is not enough information given. Was an FMV assigned to the goodwill on date of transfer eight years ago greater than basis of contributing partner? If so, was amortization properly allocated per reg 1.704-3(b)? Assume post 1993 transfer. No related parties?
  2. Happy Thanksgiving to all on this forum!
  3. Form 4684 section B since it is property used in a business and does not meet the inventory exception.
  4. If that were the case you would have income for the amount of withholding. Let's say the gross was 2,000 and 200 was withheld for federal (disregard any medicare w/h) leaving 1,800 to deposit in the bank. If 1,800 was returned and 200 left as credit for decedent, then reporting would be income 200 and federal withholding 200.
  5. I am not sure if I am following you on this. If SS was deposited in decedent's bank account and then returned to SSA, then why would estate have a claim on withholding.
  6. ATX shut down transmissions at 7:59 pm eastern time on the 18th.
  7. Mine are showing accepted by federal and state.
  8. There is one more step you need to take. When you are in e-file manager, check the held file, then go to the upper left hand E-FILE tab and click on release marked returns. Then you should find the return in "created returns" section.
  9. You might try support, but call now, they close in five minutes, they walked me through the process and it worked.
  10. I have submitted some in the last couple of hours but not personally sweating it because these were tardy clients. Also checked with ATX and said final transmissions must be made by 7:59 PM eastern time today.
  11. Tips are part of payroll cost as defined by CARES ACT section 1102(a)(1)(I)(aa)(BB).
  12. Why? I have recently filed an amended return where husband filed separate and wife did not file. Husband had a balance due which was mostly offset on amended return by wife's business loss.
  13. T.C. Summary Opinion 2008-11 "Mr. Lease’s costs for daily transportation outside of his metropolitan area where he normally worked are deductible within the meaning of Rev. Rul. 99-7, 1999-1 C.B. 361." This was a case where the taxpayer drove home every night. This position is also supported in Pub 463: "If you have one or more regular work locations away from your home and you commute to a temporary work location in the same trade or business, you can deduct the expenses of the daily round-trip transportation between your home and the temporary location, regardless of distance
  14. I was told all transmissions must be final by 5:00pm eastern time.
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