TAXMAN

Any new news on this item. Inquiring minds want to know. Some of our brokerage statements may be after the due date.

I am using ATX and get about 30 enrollment fees overrides when checking return under the ef checking. I do not use any of these products. I like having the otherwise overrides seeable. Any one know how to clear out this annoyance?

I am using ATX software. Have TP with multiple 1099-r's with fed wh on each. Entered correctly on 1099-r page. Efile error says it needs an EIN # associated with the w/h. All the w/h did not come from 1 1099-r. What # or what do I do?

I would like to have a good worksheet for how to handle death and the 2 stimulus payments. Like died b4 certain date keep died after date give back and how to handle. Anyone seen a good explanation of what to do?

Has anybody read or heard if they are going to extend this date for Farmers who pay and file by 3-01-2021? Just trying to work my farmers in.

I need help. Does anyone know where on the computer the payroll data for 2019 is stored. I cannot locate folder. Thanks Payroll for 2019 was done on a win-7 computer as a stand alone. Attempting to get it over to a w-10 computer.

I too would like to know what some of these states are going to do. Since they are all looking for $. Esp with the Fed unemployment $ and Pension distributions, and deductions paid for by PPP $.

Now that the air is clear, anybody seen something good that we can use in handling our deceased TP who got payments in either round 1 or round 2?

First we tell clients can't deduct items paid by with ppp. Then we tell them we can. Do you see a lot more NOL's occurring this year because of this change?

I wonder if there will be 2 calculations one for the first stimulus and one for the second or will they both be accounted for in one.

Thank you found it.

I am using atx and installed today. How do I get rid of the little blue diagonals in the input boxes top left corner? I have tried to find but for some reason I cannot find it. Thanks much.

Recently after verifying TP on phone with agent was told 2019 return could take another 180 days. Anyone got any updates on their catching up on some of this old stuff?

I hear the 600 and 1200 are still going out. I thought that was stalled. if so doesn't that make the reconciliation incomplete? Some of tp's may not get funds untill after they have filed? Darn mess this will be.

Long past that. I looked for that also. However it play to their favor if they close out in 2021. Excess deductions still deductible above the line still alive?

Filing a form 1041, the estate determined when filing for extension it owed a large state income tax (20K).The estate payed this amount with the extension. Question is can the estate deduct this on current form 1041 or must wait until they file the next form 1041? I believe they will have to wait. The estate(form 1041) filed a fed ext and payed 300k. Most of this tax is due to the fact very low distributions were made. What do you think?

I wonder when they will process the 2016 returns filed in March/April with c/o to 2017 of refunds. A couple of my TP's after filing 2017 got notices that their 2017 refund was incorrect along with a bill to pay. How to handle??????

Hey anybody heard when they might process those 2016 returns file in the April window. I have several that had refund carry overs to 2017. My 2017 clients now getting letters and bills saying credits do not match. Just wondering.

TP filed 2016 in March 2020(when service was shut down) with a refund to be carried to 2017.TP filed 2017 in October 2020 including the co of refund. TP gets letter from IRS saying credits do not match. They have not processed the 2016 return yet. How do we respond to the balance due notice for 2017 when it clearly has a refund on it? Your opinion. TP thinks he can pay the balance due but would be short with his last qtr 2020 estimate.

I have a quickbooks client that brought me their usbdrive back up of the data. My version will not open her file up. They are upgraded to a newer one than most my other clients use. Question is backup is on USB labeled with the extension .QBM. Any one know if there is a way to extract the data in a usable manner from this backup. Most of my other clients are on other versions which I can change and give back. They can restore and move on. This is why I am reluctant to go to a higher version. Thanks all.

Has anybody heard when IRS may turn us off?

Just a side note. Had this happened before. Created an excess FICA wh. Service a first refused the credit excess until I spoke to them about it. Otherwise I enter them as 2 W-2's.

I want to switch gears a moment. TP file 2016 with refund being carried over to 2017. Service has not processed 2016 as it was paper filed on time. Now service sends TP backup withhold letter for 2017. It took them 32 months to process 2015 to get the correct c/o to 2016. Do I prepare a file a 2017 showing the c/o from 2016 knowing that the service is not going to see that c/o until they process 2016. TP will get notice saying his payments are not correct. More letters to come. What to do? In meantime For above post I would not file an amended return.

Help please from my SC friends. TP is a full year nonresident of SC. TP received a 1065 K-1. marked as final. The K-1 of ptrship address is SC. The only 2 entries on the K-1 is Box 9a long term capital gain 51K and 19A distributions of same number. On the SC1065K-1 the same number is in Line 9 Col D.(amounts Allocated to SC). ON my SC form (schedule NR) I am showing this number in Col. B line 7. My understanding from TP this was from a sale of real estate held by the ptrship. My question is can I make use of Line 34(44%reduction) or do I need more info? I have read over line 7 instructions and line 34 instructions and it appears that I can. Please help. many thanks

Went thru this a year ago. Still sometimes hard. I rest on memories(good or bad). I know she has no more pain. As for other GOD will take care of. Prayers be with you.