Randall

I always rename the amended return with 'Amended' included after the name. When rolling over, roll over the amended so the correct amended numbers are rolled over.

A client just got one for 2016. Says 1099R amount was not reported. It was reported and IRS letter agrees with amount reported but says an additional amount (of that same amount) was not reported.

10

I've been getting prompts to upgrade but I keep hitting delay.

Anyone update the latest Windows and have trouble opening ATX? I saw the ATX message. I haven't updated yet.

I had a client who built a garage for someone. Sued him for payment. The guy counter sued, said the windows were off line or something like that. The garage was passed by building inspectors. My client lost. Didn't get paid and had to pay the other guy $25,000.

Yes and it works for Roth IRAs too. Tracks basis for nondeductible IRAs and Roth IRAs. Ties into 8606. Just this season, I had a client who took a distribution from his IRA. I wasn't thinking of the basis but the software calculated zero taxable and when I looked to see why, the 8606 info was rolled over. I had to input the account balance and it calculated correctly. Only $500 was nontaxable but that was better than nothing.

I ignore the entries that relate to the Domestic production. Yes, one K1 turns into 3. Sheesh.

Yes, selling is a real pain. I was going to start thinking $25 per K1.

The PTPs with K-1s inside brokerage accounts are a real pain. I started stating an additional charge on my invoice for them. One client with 6. I charged an additional $100. And when they sell the units. Ugh!

When you tried to efile, did you enter the date of death under Filers Info? Just wondering if the efiling of the extension would have gone thru then.

They really make it hard.

But would the estate or trust be required to file a return for 12/31/16 with no activity?

Are you kidding me?

I talk too much with some clients. I like to even though it eats up time. New client the other day, I saw her name, detected a slight accent. She's from Russia. I immediately had a thousand questions.

I don't feel so bad now. I thought I was slow, long days, slow progress.

I agree with you, Edsel, about QB. But it seems there is only one resident 'bookkeeper' who is not that knowledgeable about accounting. All the more reason to keep it simple. Outsource the payroll, let the bookkeeper do only basic entry. And you come in to make the necessary adjustments, backing out personal, etc.

Yes Jack, even with QB, they need a real accountant in-house.

A large client? with accounting staff? Not sure here, but with multi-states, maybe they should just outsource the payroll. Then use QB for the rest.

For K-1s to people who aren't my clients, I print out page 2 with the codes. From there, they're on their own.

Thanks. The senior credit will only apply to one but the retirement credit should apply to both.

On a joint Ohio return, Retirement credit is maxed at $200. What if filing separately and both spouses are eligible for the retirement credit. I didn't see anything in the instructions other than limiting the credit to $200 per return.

Yes, like forming an LLC for a client (specifically to hold a property) and not actually transferring the property into the LLC.

My biggest headache is the businesses who need to file local return extension. The locals want their own extension with a payment.

Thanks.