Randall

One spouseon Medicare. Other spouse has health ins thru market place with 1095-A. Joint filing, Form 8962 results in paying back $1989 in PTC. Instructions say if married filing separately, PTC cannot be taken. But ATX Form 8962 shows spouse with 1095-A getting another $522 in PTC. Is this correct? Am I doing something incorrectly on the input?

I checked recently and didn't see a mailing address. Yes, I'm old fashion and write and mail checks.

I just had this. Checked with client. Two SSA-1099s. Same claim number. The second has higher amount and says it is updated. Same deductions for Part B. Client agrees, the second higher amount includes the first lower amount.

I mailing something to a client the other day on a Friday. I was told it would arrive Monday. It was a week later on the following Monday when the client received it.

I tried that Abby. The box is already checked but still doesn't show up in the letter. I've copied that part into a blank Word document and then copied into the letter thru the Edit system. I suppose with the new epayment rules coming, ATX and others will incorporate it into the software.

I'm guilty. I still write and mail checks. I've thought for some time this may be coming and I would be forced to do everything electronically. I'll do it and clients will have to do it. But what I won't do is do it for the clients. They will have to do it themselves online. I have a few clients who pay their tax payments on line. I remind them to get confimation before they log off and print the confirmations for themselves and me.

I have a certificate but it has numbers and letters but no word description of what it is. I thought this might be a general certificate covering all their products and not specifically for the product the client has. That's why I called it confusing.

Does anyone know the difference between a heat pump system and an AC and Furnace? Client brought in an invoice, total $16,000. The jargon and model numbers are confusing. Client said new AC and Furnace but was told of $2000 credit. If I use new AC and Furnace, credits are total $1200, $600 each. If I use heat pump, credit is $2000

I've had a few clients who want to pay electronically. Got a call yesterday. A client filed Fed and both Ohio and Ky. Owed all three. The e-payments went thru for Fed and Ohio. But not Ky. I don't know why. I told him to give it a little more time, keep checking. I'm not sure how to follow this up. Of course, this is a state, not the Fed. But we'll see what we'll see.

Thanks

In the past, I think my client letters included a paragraph about paying by credit card if the client wanted to. I don't see that paragraph now. I know I can edit the letter. But is there a way to automatically fill it in?

This is why I never got involved. I sent an email to my clients in early December telling about it and giving them the FinCen website. They're on their own.

I'm still trying to dig a pigmy. At least we know how many holes it takes to fill the Albert Hall.

I can't work anymore with music, even the elevator music. Back in my younger days, I could work statistics problems, long hand on paper while cranking up the rock music.

Another quirk about the QCD I recently learned. The age for RMDs went up recently to 73 (I think). But the eligiblity age to do QCDs did not go up. So more confusion on the part of the clients to do or not do the QCDs.

Yes, full standard deduction is allowed if they made more than that.

ATX has this feature too. It's at the bottom of the input screen. Input the amounts on the 1099-R as is. Then back it out, It should flow to 1040 correctly.

I have an annual eye exam in the fall. The Dr. wanted me to start eye drops in one eye. Wanted to see me again in six months. Oh, that's today, March 12. What was I thinking? I should have put it off another month after April 15.

Thanks. I figured it out too. In my case, there is a little basis, so I had to use Form 8606. I had to enter the taxable amount. But the 1099R summary page doesn't have that line from last year showing a deduction of the QCD amount.

Has something changed in the ATX input of a QCD on the 1099R screen? I put the taxable amount from the 1099R and check below the QCD and put the amount in the box. But it doesn't subtract when carrying over to the 1040. And the 1099R summary page doesn't show a line for subtracting the QCD. The only way I can make it work is enter the taxable amount after subtracting the QCD amount.

Are we having fun yet? Hang on for the ride.

I've never been bothered by the March 15 due date. I just extend those. Most of my clients who have pass thru entities are usually just one or two owners and I also do their personal returns. So I think of April 15 due dates for them. And those who are later, just get extensions. It's usually the same ones done by April or on extension. For the brokerage accounts, they are even later than Feb 15 gettting their consolidated 1099s to clients. I try to get the returns done by April 15 but there are some who are on extension. My big complaint is with clients who have umteen brokerage accounts.

She needs a new boyfriend.

I haven't gotten this message yet. But my ATX does continue to tell me to close the program. This has been going on for a few years but it seems to be more frequent this year.

Thanks. Sheesh.