Randall

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.

If a rental is converted to personal use, is it considered a complete disposition of rental activity releasing suspended rental losses? There is still another rental and this will create a large NOL.

There are several attorneys in my small building (converted house) and they do a lot of divorces. I hear them talk about QDROs all the time. I can't speak for the defined benefit pensions, but for defined contribution account transfers, you definitely want a QDRO and a direct transfer.

Should be a 1099R. Client needs to request a copy from Ins co.

Once the 1098T and scholarships are sorted out, the 529 money can be looked at. Other costs apply for 529 money besides tuition. And if any is taxable, only the earnings portion would be taxable.

Where is this?

Fixed for Kentucky.

Would they get a 1099-DIV anyway? This may just be 'interest' and inside buildup in the policy and he is using his policy cash value to pay premiums. Unless he owns stock in the insurance company and received actual dividends, then he would get a 1099-DIV.

I haven't attached these in several years. I try to get the client to have broker send me a cvs file and import it to ATX. And it's been several years now since the brokers have been required to track and report basis to IRS. So you can just put in the totals on Sch D a lot of times.

This is what I do. I don't want any part of it otherwise. It's up to them to mail in their estimated payments. I give them a memo of the amounts but they determine how much they can actually pay at the time.

Thanks Abby. I'm not sure I want to chance this kind of thing though.

Abby, how do you find out what is on autorun? And is there a way in Windows 10 to prompt me before installing updates? I've looked around for this and can't seem to find it.

I still can't create the efile with 1040-ES in the return. Like I've been doing with Ky 740-ES, I print the vouchers, discard the form, then create the efile.

I wish they would at least allow the vouchers. The Ky 740-ES is available in the program but you can't create the efile with this in the return. I print the vouchers, then discard the form to create the efile. I don't use the worksheets to prepare an estimate. I use the planner, then give the client a memo I set up on Word. I then give the client the four vouchers. But I can't print Federal vouchers, not even from irs.gov.

I wanted to wait a couple of days before commenting. I have Norton. I set it to Quiet Mode when ATX is open. My understanding is that the anti-virus protection is still working in Quiet Mode, but some of the background processes are stopped and notifications are stopped. I haven't had any freeze ups the past two days so maybe that was the problem. I did have a closing while I was in a return trying to print a high number of forms checking them off. This return had a higher number of forms than the average return. The program closed, I couldn't re-open until I restarted the computer.

Just got a list of the extenders from ATX notifications. They are monitoring IRS for time table of these.

My last two desk tops (last one a recent purchase) have been HP. Also my laptop (over 4 years old) is an HP. No problem. I used to have a local tech guy build my desktops but no longer.