taxit

Why not just make him an employee. You get the same results without the question of his ownership in the business.

Thanks KC.

On Line 11a of 2555-EZ, I have always in the first year of establishing a foreign residence just put the foreign address and the date established. My client asked why I don't show the US address for the first 7 months also on line 11a. I went to the instructions & it says your tax home(s) for tax year 2008. Does anyone know if I should be showing both addresses? Thanks for any information! Gary

Just the 5 beneficiaries.

Carolyn I think you are right,it is ATX. I have 9 computers on a network. I had them all upgraded in November 2008 and they ran 2007 ATX very well. After loading 2008 ATX they all slowed down to some degree. As we opened more returns the speed is affected. Any other program we open runs fast. I've loaded Drake to try it out and it ran much faster than ATX. That being said, I've been using ATX for over 10 years and I do like ATX, it's just slow.

A client called yesterday, he received his refund check but it was made out to his wife only. Problem is he filed married filing separate for 2008 and the previous 3 years before that. He has not lived with his wife for over four years. He had already mailed it back to IRS and called them before he called me. They told him they could reissue the check but it would have to be in both names. I guess we will wait to see what he gets back from them.

This is my first 2555 for this year, its completely different from last year's form. Can someone point me in the right direction to get the w2 income to populate on the Form 2555? Thank you!

If you just delete the sch c, the assets will automatically move to unassigned .

The duplicate status means the DCN was the same as another return. You need to recreate the efile and efile it again. You will see the DCN will change after you recreate it. As long as the refund or amount due is the same as the original , you do not need to have the client sign the new 8879. However, you should attach the new 8879 to the signed 8879.

If its just a pad, 15 yr land improvement and yes it qualifies for bonus depreciation.

Just use the new address.

Why do you feel they should not claim her? The tuition was most likely paid from loans.

Go to the tax liability on the 1040 ,click on the bunny, click on the tax liability shown for capital gains you should be at the worksheet or close.

I agree the program is working well but slow.

At the top of the 2106 is a check box for the DOT meals.

I believe they have to have the SS# in order to file. According to instructions it only takes about 2 weeks to get a SS# assigned. It does say if you will not have the SS# before the due date to file an extension.

Your client may have the full loss to show on their return. They should have a 1041 K-1 which should show what they have to use. If the expenses on the 1041 were enough to wipe out the income on the 1041, the capital loss may not have been used. Although it still would have been shown. I believe there is a 1041 K-1 floating around somewhere.

If the deed was transferred to the beneficiary and then sold it goes on their 1040 tax return. If still in the deceased name when sold it would go on the 1041.

You may have a space in front of W2.

Have you tried contacting NY ?

I sent tech support an email with the information you mentioned right after I read your post. I haven't heard anything yet. It still takes about 8 min before the printer starts to print. After it starts it prints very fast. Someone from the CCH/ATX community said they tried the print driver from a hp1200 and it improved the print start speed. I'm going to give it a try.

Thanks for the info.

Is anyone else having an issue with printer speed? I tried to print my 1st 1040 return today ,1040-a-c-se-4562-PA40-c, and it took 8 min before it even started to print. Once it started it printed very fast. In 2007 ATX the same return started in about 15 seconds. Thanks for any info.

Make sure you have selected the farm at the top of the worksheet.

If you go to the Rollover Manager and then click on rollover at the top of the screen, there will be a drop down list. Click on "rollover paid preparer information". I have 8 preparers and they all rolled over.