Randall

I believe you have the option on the first 1041 return of selecting the year. Either calendar or fiscal. So in your case, calendar year of 12/31/2021 and final return (short year ending whatever month) for 2022. Or selecting fiscal year and the first 1041 return would end 2/28/2022. I think this would dictate which year the K-1 would be issued. Reported by beneficiaries on their calendar year 2021 or 2022 depending on which year selected on the 1041.

My general plan is four more years. But we'll see how things go. I have an office but it's small and very (very) close to where I live. Margaret, I run, but not long distance. I ran the 10K in Cincinnati Thanksgiving Day morning. And hike/backpack.

I think Margaret is a runner if I recall from past posts. And from Cincinnati. I'm close in No. Ky. And run too. I'm only 72 though.

I admit it's more time consuming but I do it anyway.

I have several this year who missed the Oct 15 deadline. I'll prepare and file their 2020 returns. And a new client recently called, needs both 2019 and 2020, should be fairly simple. But I don't like to go back any additional years.

I haven't checked it lately. But I don't do batch extensions. I enter each one separately.

I won't send out a special letter. The Eng Letter & Questionnaire is enough for me to start the year. If ATX hasn't added some questions regarding the CTC & EIP, I'll try to add a few. Then just do the best I can. I did see on another forum, there was a formal request to IRS to have a tool available for practitioners, not just clients to set up an account with the IRS. Hopefully, they will have the tool. We'll see.

Like Sara, I had so many not completing the organizer that I only send to a few now. I send the questionnaire and eng letter to all. I had hoped ATX would have added some of these questions but I'll add some.

The question now is updates. They passed the one legislation about infrastructure but they're still in progress on the other 'Build up'. I hope they pass whatever in time for IRS and software companies to get ready

This is scary and I think it's only going to get worse.

I renew early every year.

When is it usually back up again for 2020 returns?

I think Edge came with Win10. Did you update to Win11? What about your tax software? Not to mention other programs.

That's my understanding. I won't update until ATX gives it the green light. And even if they do for 2021, I doubt if I'll update that first year.

Sara EA, any references I can go to and look up more on this?

I'm just one person. Getting older. I have a few of these but don't want to take on new ones. I've gone the way of extensions. Unless the client is on top of things and gets the info to me early. My clients also tend to be one or just 2-3 members.

Interesting. Thanks for the comments.

Does the IRS have a look back period for assets put in a trust. Similar to Medicaid. Just curious. Deceased person has back IRS taxes due. Residence put in trust. Sold by trustee, wants to distribute money to two beneficiaries, son and daughter. Are these proceeds independent of the deceased person’s debt to IRS?

ATX sent an email recently saying they are not ready for Windows 11 and recommend we do not update to 11 at this time. My current computer is new in January. It says my computer is ready for Windows 11 but I'm not going to update until ATX says it ok to do so.

I keep my client files in pdf format on a second hard drive and back up on a external hard drive. So I can just copy them over myself to my second hard drive on my new computer. As for my programs (ATX), I install them on my first hard drive (SSD), drive C. I install the prior year ATX program to my new computer. There is a way to transfer the data files. I forgot but ATX support can walk you thru or they have it on their support articles. I can then install the current year ATX and use the rollover feature from the previous year program. I keep my old computer (which is only about 3 years old) for prior years ATX. But then I don't take on new clients who are behind in tax returns so usually I don't have to worry about prior year returns.

I've only got one more that I will try to complete by the due date (if she gets back to me with answers to my questions). Several others I've sent reminders from time to time. But even if they call today, I'm not even going to try by Oct 15.

These are always hilarious.

Don't you have to check on the left which returns you want to show, completed, incomplete, etc.

I think I had one. Can't remember the details now. But client got a bigger refund than I calculated. I was thinking like you about ATX but I'm not sure if ATX ever fixed it.

I could see myself as a regular customer at the cool coffee shop, just talking with anybody and everybody about whatever comes up. But not working. Ha.