Tracy Lee

Yes. I think I might have this figured out. Oh Vay!!! First thing I figured out is that all self employment income, including the housing allowance, is subject to the EIC rules, not just the wages earned.

Ok. Thanks, I have fixed that, but still need to figure out how to fill out the Sch EIC worksheet B and backout the housing allowance from the earned income amount listed on Part V line 6 so it calculates the EIC correctly.

I have a pastor who gets a W2 with $30,424.00 in box 1 for wages that flows to his Schedule C. Box 14 is $21,976.00 for his housing allowance (his own house). I have marked the W2 as clergy in special type (wages) and marked statutory employee in box 13 flowing to Sch C, so his line 1 on his 1040 shows 0 and he shows a profit on his Schedule C. His Sch SE shows the entire $ 52,400.00 because his housing allowance is subject to SE Tax, but not withholding tax. The problem is that he has 4 children and should be receiving some EIC but no where on the Sch EIC (1040) worksheet will it allow my to back out the $21,976.00 from his housing allowance so it EIC will calculate. The only way I seem to be able to get it to calculate EIC is to put $ -21,976.00 on line 1 of the EIC worksheet, and $21,976.00 on line 4. Line 8 calculates as $21,976.00 and line 10 calculates as $-43,952.00. Unfortunately this is putting $-43,952.00 on his Sch EIC Step 5, line 2 (Earned Income from worksheet), and trying to put anything on line 5 makes it calculate incorrectly as well. This doesn't feel right, so I called ATX support and the person helping me had no idea how to make this adjustment. Does anyone else have clergy and this situation? Where should I be making the housing allowance adjustment on the EIC worksheet?

I'm filing a return for a new client that has a part year in Oregon and California. I have to file a Form 8958 and claim both peoples incomes for California because it is a community property state, even though one of them has to file a separate federal tax return. Is there a simple way to do this in ATX or do I have to file one Federal Return for the wage earner and 2 separate California returns for the domestic partners claiming each others incomes? (frustrating because one partner only has social security that will be claimed while the other has W2 income.)

thank you!

Is there a way to preset the options in the billing invoice to always check mark the boxes to 'charge by the form, invoice, display' so I don't have to do this to every single tax return?

I found the duplicate last night and did that just like Rita suggested. That was very useful. I will probably go back and try the MFJ vrs MFS Form just to see how accurate it is. Thanks everyone!

Will ATX Max allow us to do a married filing jointly return then split it into married filing separately to compare what is best? I have husband living in Oregon and Wife living in California. Trying to figure out the best way to file for them. Combined income is $190,463.

It is taxable. Line 21? hmmm. Not following you. Line 21 on the 1040 is refunds. Line 21 on Schedule 1 is student loan deduction.

Can't find a form to download for a 10-c Cancellation of debt. Does one exist under a different name or am I putting it on line 8, Sch 1 - other income and entering it myself?

Perfect! Thanks!

I have client that pays his own health insurance. I have imported his K1 form his Corp into his 1040 tax return, so all his business data is there. On line 16, Sch 1 (1040) under Business 1: His business is not showing up so I can continue with the deduction. What am I missing to get his business name to appear in the drop down box?

Client has a federal refund coming so the program doesn't want to calculate estimates; however we know they are going to owe next year and want to pay in regardless. On the federal Options tab under 1. select method of calculating estimates I chose f. Enter an amount, but that is not producing my record or vouchers. What am I doing wrong? I don't want to have to change the IRS estimate wkst if I don't have to.

Ohhhhh. Thank you!

So if I understand this correctly, even though the married couple each have their own plan and their own statement; because the statements are identical and Part 1 shows both the spouses name on both statements, I need only to add the amounts from one of the 1095s because this is the credit for both of them?

I need to enter two 1095-A statements for a married couple but can't seem to find a way to enter the second one. I'm only able to enter data on form 8962 for the filer. What am I missing to be able to add the wife's statement?

Missed the boxes at the top of the Schedule C. Thank you!!

If I understand correctly, if we as a service industry have a taxable income under $160,725.00 married filing jointly we can claim the QBI credit. Form 8995 is making me override the Qualified Business and Specified Service Business Columns to claim this credit which was not the case last year. Is this now what we have to do or is there somewhere else I need to mark in order to claim the credit without overriding the program?

EVERYTIME I open ATX I get a window that opens first that says 'Do you want to allow this app to make changes to your device? and 'Service Control Manager Configuration Tool; verified publisher: Microsoft Windows Yes or No Is anyone else having this problem? Is this a ATX thing or a Microsoft thing or a Computer thing? I have already tried to 'run as administrator' on the icon and in my control panel and that's not the problem. Just don't want to have to sit on hold with ATX for 2 hours if I don't have to.

I have a client who sold timber off his property; $9000.00 in 2017, $86,000 in 2018 and $28,000 in 2019 . He won't be selling anymore timber for another 10-15 years but will have firewood sales over the years. He also bought some equipment to work his land as well so we are going to depreciate it. Should I do a Schedule C or F? I find reasons to do it either way. The 2017 Tax Preparer used Schedule F, but acknowledged that he didn't really understand timber sales. His basis for the timber in 2018 is 86,000.00 (of course there is a lot more to this story) and am I filing a Schedule D & 8949 to acknowledge the basis? Help. This seems to be pretty complicated.

I had to download 2015 and 2016 to do some tax returns and can't seem to find the place that will allow me to do everything in caps, also need to set the city and state to auto populate when I put in the zip code. I've searched around in preferences and other places but can't find them, can anyone tell me where these places are?

I'm entering a K1 1065 but can't seem to find a place to put ALL my data from Part 2 E, F, G,H, I, J, K, L,M of a K1 statement. I did call ATX and they told me to check mark the calculate basis limitation box, which I did, but it still doesn't allow me to put all the data in there. ATX said it wasn't necessary? And does the Nonrecourse section that shows columns 2017 Sch K1 Item K and 2018 Sch K-1, item K, is that the same as the beginning and ending on a K1 statement? Sure wish I could enter the data and actually see a K1 form match the clients form so I know I did it right. Is there something I'm missing here?

My ATX errors show that I do not have to file Form 8962 because there was no advance payment of PTC. His Marketplace Statement just shows amounts in column A Monthly enrollment and 0s in the rest of the columns (he makes very good money) which I have entered. It makes me nervous to not include the form but he was insured all 12 months. Discard Form or advice on the zeros in the other columns so my errors go away. I sure do NOT like Marketplace statements!

It is going to be a much better fit for me than the old tax program. I'm VERY pleased I switched. I have been very disappointed in the ATX customer service but this group has made all the difference for me.

Well I was new to ATX this year and this Group was a Godsend for me!!! I paid for the conversion from old tax software to ATX and NOTHING converted correctly so I spent a lot of time fixing depreciation, NOLs, etc. before I could even do tax returns. I have only been doing taxes for a few years so it was painfully slow for me; especially with new tax law to learn and new clients coming to me for the first time. I had a lot of clients that owed or saw very poor refunds, as well as multiple client deaths and other sad situations. I never realized the emotional side of tax season especially when your exhausted. I'm going to have to learn how to balance my schedule better because I'm wiped out and still have clients pressing me for there Returns that I had to put on extension. I will also have to convert to a new computer this year as I am in Windows 7......not looking forward to that either! I have a seasonal receptionist who only answers phones and does my scheduling and I do all the rest, including quite a bit of bookkeeping and payroll. It was my most stressful tax year yet and the last three were filled with a lot of stress already. I'm hoping next year will be much better! I am so very thankful for everyone's help and advice thru this tax season!!! Waiting for an hour+ on the phone for ATX is terrible so I'm so happy I was told about this group so early in the season. Thank you!