Randall

I have an old Fujitsu ScanSnap S500. Been working for 10 years. I have to be careful not to feed too many sheets at once. That's not been a problem for me. Neither has the lack of Twain compliance. When I got my Win 8.1 computer, the S500 had no driver updates and I had to do something to make it think it was working on Win7. So it has continued to work for me. I'm thinking of getting a new Win 10 computer. So I'm thinking my old S500 won't work with it. Is the Twain compliance really needed? What are your needs for Twain. I don't need the super speed and I can continue to feed a few pages at a time. I'm thinking the S1500 or whatever updated equivalent Fujitsu has will do fine for me.

Regarding the encryption, are you saying anyone with Win 10 should not use Symantec Disc Encryption (I think this is the old PGP)? Is anyone else using Symantec Disc Encryption with Win 10? Are you using Bit Locker? I have a Win 8.1 machine using Bit Locker. I asked Symantec when I first purchased my 8.1 and they said they weren't ready for my HD model. Anyone using Win 10 with Bit Locker having trouble with updates? I'm thinking of getting a new computer soon with Win 10 so I am interested in any problems.

Has anyone else noticed this? For the comparison schedule to show Sch C, E, F, you get a popup saying you need ATX Advantage for this. But if you print the comparison schedule, it prints not only page 1 & 2 and Sch A, but also Sch C, E, F (without having Advantage). But this only works the first time. If you try to print this a 2nd time, it only prints page 1 & 2 and Sch A. Weird.

I never understood the incentive. Does a business hire someone to get a tax credit? Or does a business hire someone because they need the additional person to get the work done?

You guys are full of good news. I was wondering if a request for a waiver of the 75 days (March 15) requirement would work. Since 2017 is the first year and no returns have been filed yet, I'm hoping they'll approve.

Is there any way to revoke an S election retroactive to Jan 1, 2017? Client made election without talking to me. He has two other LLCs taxed as S Corps, which is ok. But for a 3rd LLC with rental real estate, he made the S election. We need to revoke it back to Jan 1, 2017

This one I wouldn't do at all. I'm too old to sort thru all that.

I agree. Too big to fail is becoming too big NOT to fail.

I just thought the basis had more to do with the shareholder's personal return and so I thought I should provide it with the K-1. Most of mine are one or two shareholders and I do their personal returns. There have been a few times in the past that a shareholder had their personal return done elsewhere.

I provide the basis worksheet with the Schedule K-1 for each shareholder/partner, but not with the entity return.

Too late for the original poster, but I think you have to call ATX support and they have to do something on their end to open a 'front door' so a 2nd return can be efiled.

As long as we're relating TP stories, when I was in the Navy on an aircraft carrier, the stalls had a side fixture for tp. But they didn't put the tp there. They strung a chain along the back overhead down a row of stalls. Then put the tp rolls on the chain and arranged them so a couple of rolls were in back of each stall. You had to stand up, turn around and reach back to the tp for the job. Up and down several times to complete the necessary work. This is not a joke.

And have you noticed the larger size of the cardboard rolls the paper is wrapped around? Seems the diameter is twice the size as it used to be. Makes the rolls look larger but maybe less paper.

No way I'd take this on. I'd send to a tax attorney specialist.

Gollum needs some dental work. Too many candy bars I guess.

My plans fell thru too. They say Cincinnati is also in the totality ban in 2024.

My plans fell thru.

They didn't pay $9 each for the room, only $8.333 each, total $25. Then they paid $.6666 each for the tip, total $2. They paid $9 each total and $27 altogether.

I think so. I haven't done these in years. A quick look at the instructions should confirm.

What's that song say, 'What a wonderful world this will be'

I'm in No. Ky but will be backpacking in Land Between the Lakes area in far western Ky during the eclipse. Special glasses for our group.

Thanks.

Another reason not to have elected the S status. I wish he would have asked me first. Ha.

I hoping he can just retract the S election.

Yes, but I was wondering about the specifics on the 8582. Currently, from Sch E, there is Property A, B, and C. Next year there would be the 1120S K-1 and this loss would pass thru to the 8582 as a new activity. Would it be a total of the 3 properties, or 3 additional properties? Would it be merged with the existing 3 properties that came from Sch E in the previous years? Thinking ahead when a property might be sold, freeing up the unallowed losses.