mcb39

I absolutely and totally agree. It is getting really old. There never was a year without a single issue and probably never will be. I agree with Deb and Jack. Follow directions and have Patience. The ATX program is working as of now.

I assumed that carolyn was talking about working with two different computers on the same returns.; as I do. However, if her concern is for files that just need to be saved, I agree with Lion as to the external HD. The backup program that I use actually lets me open and look at files right from the backup.

This is it in a nutshell. Generally the higher income clients DO have more complex returns, but not always. Therefore, they are charged accordingly. However, if I choose to do several returns pro bono, which I do, it does not affect the price paid by any other client.

In this type of situation, I generally use export to a jump drive and then import into the main computer when I get home. This has always worked for me and the small drive is easy to carry with you. I have mine on a cord that I can hang around my neck if I feel the need for extra security. Export and Import is much more user friendly than backup and restore for moving files.

I just rolled over several returns with Sch C returns and all of the depreciation flowed properly. The Sch E is not yet available so, of course, it will not show, but is in the Asset Manager. I am currently working with a computer professional who has ATX experience as well and we don't see this problem on my system. I wonder what Jack will have to say about all this.

Depreciation is not flowing to Schedule C, E or F on the 1040 Scenario: Your depreciation is not flowing to 4562, or Schedule C, E or F. The Fixed Assets will show the right activity and depreciation assigned to the assets. When you run diagnostics there will be a diagnostic warning indicating you have Unassigned assets. Symptom: After rolling and opening the return, you check the depreciation flow to a form such as Schedule C, E or F. It is missing, and the depreciation is missing on the 4562, although it is on Fixed Assets. Resolution: This will be resolved in the 13.2.1 program update to ATX Tax and to the FAM module (if purchased as a separate module) currently scheduled for mid-Jan. Alternative Solution: Do the following on one asset per return Click on the fixed Asset form on the left tree. Click an asset Click over in the asset name-put your cursor there With your cursor there in the name field, hold down the Control-ALT-Shift keys all together and the number 2 keyall four at the same time. Make sure you are using the numbers above they letters. This will cause the assets to flow to all the activity forms. You can check this by going to the Schedule and now seeing the correct depreciation amount flowing there. This applies to ATX users only

That's what it's all about.

That is what I have on two of my computers and it is working just fine.

I don't understand when it became possible for us to ignore an IRS ruling just because we don't like it. EITC aside, There are many IRS rulings that we don't like, disagree with and/or resent. However, our obligation is to prepare tax returns in accordance with the law; practice due diligence and do the best job that we possibly can for each and every client, within the guidelines of the IRS. If I know and believe that a client is entitled to EITC, I will prepare their returns too. I don't think it is part of our jobs to judge or envy anyone. Some might make much more money than I do, but a whole lot of them make less and deserve the same consideration in the preparation of their tax returns as the wealthy do when we try to find every deduction, etc that we can to lower their tax liability. IMO, every client's return is just as important as my own and will be prepared accordingly. Wishing all of you a very prosperous and happy New Year.

Because of the onset of tax season, I still find some miscellaneous little decorations still hanging around in June.

I have never had it either because I never felt the need. Started to consider it this year, but when going over the application papers; it almost seems like overkill. Have not made a decision as yet.

Being an attorney does not automatically make you a tax professional. Just as being a tax professional does not make you an attorney. We have all had our experiences with these types of situations. Therein lies the obligation to do due diligence.; which you must have done.

I had been doing their returns since 2000. At one time; all of the rentals were losses. They also had three Sch C businesses; two of which fell by the wayside. They have two daughters who qualified them for the Child Tax Credit and a small EIC. I am aware of what you are saying, but I believe that EIC is based on your AGI and not on the assets you have. I am also aware that once the rentals started to show a profit, it was considered investment income and disqualified them from EIC. There are a lot of variables to many tax returns. Just because someone has assets does not necessarily mean that they cannot receive EIC. The point I was trying to make here was not so much about the 8867 as it was about your duty and requirement to keep all records that you are supposed to and that, also, it doesn't hurt to keep anything and everything that can protect you from noncompliance in any event.

In 2011, I posted the request of a client to eliminate some of the deductions on a Sch C to raise the taxpayer's taxable income. I have printed ten pages of replies from these boards telling me to "run for the hills". I refused to amend the return and she was very angry with me. Fast Forward to two weeks ago: I had to appear in court as a witness for the defendant (husband) because they have since divorced and she keeps trying to get more money out of him. I had to testify that she had asked me to alter a prepared return. I also had to show the engagement letter and refer to the fact that I had ten pages of agreement from you, my associates, that I would not agree to commit fraud. Her attorney tried to make me look uneducated and not capable of preparing a Schedule C return. I believe it backfired on her client because I had kept good records. The big issue was really over the 2012 return and the splitting of income for 11 months. It was an extremely difficult return and her attorney tried to make me look incompetent. I doubt that she succeeded. Bear in mind that I was not on trial here; just a witness for the defendant. The point here is that over the years, this couple has collected EIC in bad business years. They had seven rentals, three Sch C, etc. I have always been able to back up the facts; and since the 8867 became required, I have always filed it. You never know when these returns are going to come back to haunt you.

All of my Quickfinder books are here as well as My 25th edition of the WI Tax Guide; without which I would be a needy soul at times. Now along with Pub 17 and MTG, I feel that the only other research I need is this board.

Quickfinder handbooks have been my references of choice after Pub 17 and in addition to the Master Tax Guide (which is used at the IRS Service Centers). This year, Quickfinder has an entire handbook edition regarding the Health Care Reform. I am surely hoping that it will be some assistance in answering the questions that are sure to come. Oddly enough, it has already arrived.

I find myself using the Ctrl/Scroll trick now on other sites. Especially reading the online newspaper. Thanks, Jack.

I use it almost on a daily basis. I first consult Pub 17, then look further if I need a more in-depth answer. It was also the backbone of the contentious RTRP exam. I want the paper copy for sure.

This is so true.

I DARE NOT look at it. My Grandson works for Pepsi.

I believe that it also leads to speculation as to why you haven't been doing "due diligence" all along.

Subject: "Do you love your husband?" this one struck me funny..... A group of women were at a seminar on how to live in a loving relationship with their husbands. The women were asked, "How many of you love your husband?" Of course, all the women raised their hands. Then they were asked, "When was the last time you actually told your husband you loved him?" Some women answered today, a few yesterday, and some couldn't remember. The women were then told to take out their cell phones and text their husband: "I love you, sweetheart." The women were then told to exchange phones with another person, (the women sitting next to them) and to read aloud to the group the text message they received in response. Here are some of the replies: 1. Who the hell is this? 2. Eh, mother of my children, are you sick or what? 3. Yeh, and I love you too. What's up with you?? 4. What now? Did you crash the car, again? 5. I don't understand what you mean? 6. What the hell did you do now? 7. ?!? 8. Don't beat about the bush, just tell me how much you need? 9. Am I dreaming? 10. If you don't tell me who this message is actually for, someone will die. 11. I thought we agreed you wouldn't drink during the day. 12. Your mother is coming to stay with us, isn't she??

OMG!!!!!! Way to Go!!!

These offers are for NEW subscribers ONLY! We have to get over it. Whatever price we were able to negotiate, we agreed to pay.

I think my avatar kind of tells on me.