Randall

Thanks for replies.

At the upper left of this screen, click on Activity. Submenu below it has My Activity Streams. A drop down menu has various choices.

Any recommendations on a simple low cost bookkeeping software or just check writing software? A small business client has asked about it. QB is a bit much and costly for his purposes. I've seen a little on CheckSoft and Bookkeeper.

You might think about segmentation too. Equipment that can removed and is used 100% business from structural additions that are part of the house.

I use the import function too for those 1099Bs with many entries.

I agree. I scan for my own files. But I enter the info. I don't trust the accuracy, not to mention possible glitches it may cause.

I didn't know there was a separate program. With ATX open, drop down menu from return manager shows Backup and Restore options.

And watch out for the imaginary character i.

Just remembered to do mine the other day. Fee was down to $50 instead of $63 previously.

I don't think that happens. But if you've had those states the prior year, they will appear in the new year when you roll over the return.

For email, I wait until the questions/exchange is completed, then print/pdf the whole thread and save into the client file. I don't use text. It's not that easy to print and save the thread.

Just did it yesterday with an 1120S. Went thru EFC, accepted by IRS. Did the associated 1040. Went thru EFC, transmitted to IRS. Waiting for IRS acknowledgement. Maybe I already had the 2015 efile version loaded. But the original rejection was at EFC with 2014 in the submission id number.

A quicker way without the deletions. The rejection is at EFC, not IRS. If the only rejection error is that the submission ID contains 2014 (found in the EFinfo), then just recreate the efile. Look for the new automatically assigned submission ID. It should now contain 2015. Then transmit again.

I believe the $600 amount is only for the issuer of the 1099. The recipient of less than $600 is still required to claim it as income. Ha!

I have the lowest ShareFile plan. $192 a year. It doesn't have the e-signature function. I also have Acrobat (v11 I think).

I have ATX on my office PC and my laptop (used at home). I believe I am allowed. I remember asking about this with ATX in the past.

Thanks for comments. JohnH, I was thinking of the retirement pension from a church that a part could be designated Housing Allow.

Retired clergy, drawing social security. If he continues some part time work (ministerial) for the church and receives a housing allowance, is it still subject to SE tax? Seems like I looked into this in the past and saw a case but can't remember the outcome of the case. I'll look for that but thought I'd ask the forum if anyone knew off hand or had a reference lead.

Watch out for the update appearing in your list of regular updates. I have my setting to inform me of updates but wait for me to select and install the updates. Recently I saw the W10 update and it was pre-checked. I had to uncheck it.

Thanks for the references. This is what I had come up with too. It's just a matter of what amount to include.

jklcpa, do you have a reference for that? My first thought was as you say in your example. That is, the amount of the actual tax benefit would be the includable portion of the refund. But the wording in Pub 525 says that you include up to the amount of the 'deduction' that 'reduced' your tax in the earlier year. The example PPC gives follows this method by taking the dollar amount of the tax benefit and dividing by the tax rate to get the amount to be included in income. In other words (my thinking) is that since the Sch A deduction reduced income by that amount and didn't reduce tax dollar for dollar, so you don't simply include the tax benefit dollar amount in the following year in income but the amount of the deduction that reduced taxable income in the prior year. That deduction then allowed the tax benefit. So taking the tax benefit divided by the tax rate would seem to be the correct amount to include in the following year income. I would like to include only the smaller amount but I'm thinking that is incorrect.

Looking at PPC 1040 Deskbook, they have an example that takes the tax dollar benefit and divides by the tax rate to determine the amount of the refund that should be included in taxable income. Their example is simple with the low tax rate of 15%. If I take my $5k tax benefit from 2013 and divide by 28% (top marginal rate of 2013 return), I come up with about $18k to include in taxable income. It sounds reasonable and I tested it by taking $18k income out of my recomputed 2013 return resulting in a close total tax outcome that my original 2013 return had. Unless anyone has a more definitive method, I think I'm going with this. I'm including preparer comments with the efiling to show total 1099-Gs and amount I'm reporting as taxable.

jmdaviscpa, you do agree that the tax amount (2013 tax savings $5000) being the limit of refund included in 2014? My 2nd thoughts in my 2nd post was that the amount of the 2013 (Sch A deduction-$33,000) causing tax savings ($5000) would be the limit of the refund included in 2014.

I've been using the PPC Deskbooks. PPC (Practitioners Publishing Co) is now part of Thomson Reuters but they still refer to them as PPC Deskbooks. They have separate ones called 1040 Deskbook, 1120, 1120S, 1065, 1041, etc. I receive them in CD format. I think they have an online format but you can check it out. They are annual subscriptions. Should be able to search Thomson Reuters website.