mcb39

So, the side of the printer isn't acceptable either?

I haven't even left yet and you already have the answers. I can never thank you enough. Some of these extensions are worse than the entire tax season in real time. Either our brains are fried or we just want to be done. So kind of you.

I had one of these today. We had designated direct withdrawal from a checking account. The IRS tried to take it from a Savings Account that didn't have the funds. Client came in and because of what I read this morning on this board, we went to Judy's link and used Direct Pay; easy as could be. The client was so relieved. He said that he hadn't slept at all last night over this. Thanks to all of you who contributed your experiences. Before today, I didn't know about Direct Pay. This board is the BEST.

I am thankful for every day that I get to open my eyes. At my age, some of that is the result of routine exams. For my husband, as well. Eight years ago, when I had breast cancer, he was diagnosed with prostate cancer. Both were caught very early. Last summer, I had not been breathing well for over two years before it got to be too much for me. The result was 7 days in the hospital and I am lucky to be here. The hospital Dr said that I had been sick for a long time and would have a long recovery. I am just now turning the corner and will soon be driving again for the first time since last June. I survived another tax season and am considering another one because I don't believe that my work on Earth was finished. The medical practice certainly can be annoying, but it can save your life.

I prepare a Partnership for a client of mine. I have four years of K-1s for her Partner who has never filed a return in those four years. It's not high income, but is SE income and a fair amount of money. How can this not be caught?. I file the Partnership return with the IRS and Wisconsin. My client claims her Partnership and pays her taxes religiously.

MAGI is $58,407 1256.48 1193.13 1194.00 Yes, all of the amounts are the same.....Thank you so much for taking the time.

Client (s) married in November, 2024. She had Marketplace through November. He had Medical Insurance through work. Her 1095-A has information for her only through November. The 8962, of course, puts the tax family as 2 and disallows the PTC and they (supposedly) have to pay it all back $1,884. Just when I get deep into the worksheets and (almost) have it, I get interrupted. I filed an extension for them and had them send $1000. with it. I have had five interruptions just since I started typing this. I am going out of town tomorrow for the weekend.

The worst part is that you have to listen through all of the options so that you can press Y to confirm or N to cancel.

I still don't get it.

When you are self-employed, you never get a refund....

So does ATX..

I wrote my own WISP; printed it and sealed it in plastic. If it's not good enough for them, so be it. I can step aside any time they want me to. And, of course, there is that unforgiving increase in the price of the program. ATX, as well and an email every other day reminding me that I should renew before the end of May. I have not even decided yet what I am going to do about next year. Pretty soon the phone calls will start.

Judy, I printed this in the hopes that it would help me as I, also, have a December wedding that is overtaxing my clients. I have been struggling with this for weeks. I hope I see the light soon. Thanks a ton for all of your help.

Correct, but for a continuing client, the losses roll over on the Personal tax return.

I am aware that I am doing way too much work. This has never happened to me before. I am doing what I have to in order to make it work and get this tax year over with. I know that you are all correct, but I cannot handle any more frustration with my assistant and getting this to work correctly. I filed several (including my own) yesterday and have no outstanding issues. Thank you all for your attempts to help me. We had way too many extensions and my resolve is to cut back next year barring another health crisis. Thanks again.

Partnership losses are carried forward on the Individual Partner's 1040 return on Page 2 of the Schedule E. You always have to keep in mind that Partnerships do not pay taxes; profits or losses are passed through to the individual partners. My husband has carry forward Partnership losses for the second year in a row. His loss wipes out my tax liability but, unfortunately, does not wipe out my SE Tax.

When I filed, I did not click on the 1040 or the State return; only the 4868. I have found, as I stated before, that I now import the finished return as a copy; rename it "Client Name 2" and then file it separately from the previously filed 4868. These are working out and all going through. My belief is that no work should be done on the return before the 4868 is filed. That seems to be where we made our mistake. I am taking all of your suggestions to heart and using my workaround and hope that I survive this tax season; which is the worst that I have ever experienced.

I just found out that the two efiles that were rejected did, indeed, go through with the extension filing. Clients can see the refunds pending in their accounts. I am putting it all behind me and moving on. Everyone who has an extension will get a copy of their return created before it gets efiled.

All of the above, believe me. I even went into my ATX and looked at the efile record. Some returns were marked as accepted on the 15th and rejected on the 20th. The 15th should only have been the 4868. I am not stupid enough to check Federal and State for the efile when I know that the return is not complete. My take on this whole thing is not to file for an extension if ANY of the information has been entered into the return unless you create a copy of the finished return to efile. End of story. Maybe I am losing my mind.

I have been having issues with returns that we filed extensions for on the 15th. It appears to me that if you already had part of the return filled in, any changes made today have to be done in a copy of the original return. That is the workaround that I am using; otherwise the returns are being rejected. When finished, I, then, efile the copy. I am a wreck and it is Sunday and Easter besides. I am creating a copy of every return that we efiled extensions for on the 15th just to get them through. It is a royal pain. I have looked at some of the returns on My ATX and it shows them accepted on the 15th and rejected today; when I only selected the 4868 to efile on the 15th.

The extension itself might be fine, but you cannot make changes to the return after it is filed. My opinion would be to file an amended return.

Check out the rules for the Lifetime Learning Credit. Kind of a gray area.

Just saying! I have never liked this rule.

I certainly get the message and intend to do some changing. Hopefully my assistant will be on her own next year and take a good portion of my load with her. If I didn't really love this work and my clients, it wouldn't be so hard to let go, but I know that I have to. Thanks for all of the encouragement. I just noticed that the last return I filed today did not include a 1099-G that was not in her folder. I am fixing it and calling it a day.

Reminds me of the guy who called yesterday and asked me to file an extension. He never brought his paperwork in for the extension that I filed last year. We told him that we didn't have time for him. He said, "Doesn't she know who this is?" My assistant told him that I did know and we didn't have time for him. He hung up. Goodby!!