Nomotaxes

The 990-N is called a postcard filing and processed electronically. However it is merely informational and for instances where 990-EZ is not required.  I don't see a postcard working for a federal individual income tax return. 

4 hours ago, Gail in Virginia said:

I use ProSeries, and if my computer is idle, I have to re-sign in.  And I have to change my password every 90 days (or something close to that, I don't really track it.)  It is a nuisance and I don't think that it makes everything that much more secure but I try not to get upset over things that I cannot change.  

Agree!

3 minutes ago, Jack from Ohio said:

This is an IRS mandate for all tax software starting with tax year 2016 software.  The same goes for requiring a password as well as changing it every 90 days.  All IRS mandates.

Talked with a Pro Series user who said he didn't have this issue with 2016. 

14 hours ago, BulldogTom said:

NOMOTAXES doesn't sound like a guy pitching CIT.   I looked at their website and it looks like a startup that is trying the same model others have tried, and failed, with.  I can see how NOMOTAXES would come here and ask, as we all have looked around for cheaper alternatives.  It is what I would do if I was looking at changing software.

If NOMOTAXES is a schill for CIT, he has me fooled, but I won't be buying that product.

Tom
Modesto, CA

Thanks BulldogTom, exactly my intent, to see if there was any user history in a search for a cheaper alternative. Not a shill for CIT .  No connection with it, learned of it just days ago. Agree with Terry D that Taxwise, Tax Slayer, and Red Gear are junk. Still had remnants of Red Gear on an old machine after uninstalling it. Don't think I'll be going with CIT either.

13 hours ago, Roberts said:

The entry of data into software is different for each and each person's mind works differently in how they prefer it handled. Drake is not a forms entry type of system and their forms entry system is not really comparable IMO. I like Drake and it is a terrific value but at times there is data to enter that will take me forever to figure out where Drake wants it.

 

Not every software program works best for all people.

 

I have no clue if NOMOTAXES is really just on here pitching software. We had that several years ago with a company after TRX died. Guy came on here, offered 100% free software and then people complained it didn't have every form they needed and the service was substandard.

FYI Roberts, no I am not pitching software.  If you read my post I was diplomatically trying not to say  anything too extreme about TRX.  For the record, I was lured by TRX after Orrtax succumbed, but thankfully I left them before the season even got started.  I sensed that something was off kilter, and good thing I got away from them when I did. The point of my post was that I trying to see if anyone had any experience with Community Income Tax (CIT) AND whether CIT was associated with TRX, in which case I would not even waste my time considering them. Frankly I am not a fan of Taxwise (which CIT is offering) . Yes it is simple use software, but nothing can be taken for granted. Information may not automatically populate or calculate, as you might take for granted with other software. I used Taxwise two years after Orrtax for individuals, and ATX PPR for business returns.  

Yes Roberts, well put regarding Drake. Drake is not forms driven.  Personally, I prefer a forms driven brand of tax software. I have a friend who uses Drake and I assume he is well pleased with it.  I have heard many wonderful things about the company. Yet Drake feels very foreign to me. To each his/her own. 

I am comfortable with ATX (but liked them much more when they were owned by the originators, based in Maine I believe?). I like that they have nearly every form you can imagine. I began using ATX when they also went by the name Sabre. I nearly left after the 2012 debacle. Presently such tactics as hampering access to support for current or prior year purchased software by blocking use of the normal support phone line if you have not ordered the next year's software by November; the nuisance and nonsensical requirement to log in to the software if you are idle 20 or more minutes; problems even opening the program, these are matters that I don't like about ATX.  These issues and the fact that price keeps going up gave me cause to give consideration to an alternative. 

15 minutes ago, jklcpa said:

Many of these give continued access to your data files as long as you renew. In other words, if you switch to other software then you may lose access at that point. You would definitely need to consider that and save copies of returns as pdfs or as hard copies.

If you are looking for a smaller initial outlay, you might talk with an ATX or Taxwise rep as some here have posted that the rep processes the order so that some of the payment isn't due until after the season starts and collections are coming in. Also, as far as I know, both do allow users to purchase return processing on a pay-per-return basis with a smaller nonrefundable deposit, and that way at least you are purchasing direct and not through a reseller.

If you are looking at all options and would consider Drake, that company also allows users to purchase on a pay-per-return basis. The difference in their PPR pricing is that once the preparer crosses over the point where the PPR fees are equal to the full price of the software, then Drake will automatically switch the user to unlimited access, something that the other companies don't do. Of course, buying Drake now, you would pay the full price whereas those purchasing early can get substantial discounts depending on which month it is purchased.

Thanks Judy. Looked at Drake some years ago after tax season. It just wasn't for me. I'll probably just end up going back to ATX. Miss the good old days when you could get ATX Max for $750.00.

1 hour ago, cbslee said:

Recently saw a TV ad for this company promising to save the caller thousands of dollars by reducing their unpaid tax debts

with one phone call to the IRS. 

 

Not at all the same company I am referring to.  Link to what I was asking  about:  www.joincit.com

Concerning an online version of Taxwise software, I assume you have to be online to prepare a return? Are there any other significant differences vs. the common cd type software?

I'm looking information concerning a software provider that goes by the name of Community Income Tax. They offer free software and charge a $15.00 fee per completed return. So you are paying $1,500.00/100 returns, which is about the cost if you bought a product like an ATX Max, but its more of a pay as you go, and you avoid the big up front cash fee. The software they offer is Taxwise which I am not at all of fan of after having used a couple of past seasons. Further it is Taxwise Online, which I am unsure of what impact the online version may create, so any Taxwise Online users please comment.

I am hoping that this is not the latest rendition of TRX. I once made the mistake of loading a horrid red gear tax product from TRX on an old XP machine and despite unloading and using various utility programs, I still continued to have a remnant of that terrible product popping up on that computer. Any details from possible Community Income Tax Software users is appreciated. I did used the search tab but no information was found regarding Community income Tax software.

Client received 1099-K for IC work as Uber driver. Do I enter all information from 1099-K on a 1099-Misc, or do I enter 1099-k line 1a total on the Schedule C, Line 1 worksheet for sales or receipts not reported on 1099-Misc?

No appraisal was done, client has not provided any receipts or contractor statement after several requests, so skipping this as a deduction.

Thanks all!  I appreciate the response.  Instinct leads me to feel that the primary home is the focus. However, from my prior reading as well as yours, there is nothing explicitly written stating the home must be the primary residence.  

Client spent $16,000.00 remodeling bathroom of vacation home to make it more accessible for adult disabled child who lives with them. If this was for the primary home, I would have no concern.  Since expense is for a vacation home, I have significant doubt as to deductibility. Pub 502 only refers to "the home" and makes no other distinction, but I feel it is implicit that the reference is to a main home.  Client says they spent 17 weeks at the vacation home last year, a month over a quarter of the year.  Still it seems that for a Sched A  Medical Deduction, modifications would have been needed to be done to the primary residence.  Seems that the expense would more be a cost added to basis of property. Yea or nay? Guidance on this matter is appreciated.