JACKSORH

The same thing happen to me a few years ago. If I am correct, the minimum charge is $100. whether you buy/replace 1 or 5 discs.

Has anyone tried Refunds Today Tax prep software? If so, what are your impressions? I receive info regarding a demo CD. I was wondering if I was wasting my time. I am 90% sure that I will be renewing with ATX despite the problems with customer service we had this past tax season. I really had no complaints and only called them once at the beginning of the tax season.

Can a single taxpayer whose business is an LLC, still file a Sch. C for his business. I read in another post that he can't use a Sch. C for the business. Is this correct?

My client started a business in July 07. He purchased equipment, grinder, trailer, and truck+plow totaling 30,000. His income from his business was only $2,000 in 2007, yet his expenses totalled $30,000. Can this amount be expensed for tax year 2007. His other income was over $103,000. If he doesn't expense the items that were purchased, he would owe over 12,000 in taxes. Should we expense instead of depreciating these items over a set period of time? Thanks for all of your help.

Client's W-2 from one job was sent to him at his primary job. He doesn't want that W-2 from this job going to his primary job. How do we correct that in the future? What forms should his employer file so that they want (W-2) go to the address of his other employer where he works. Can I correct that mistake or not for future reference. Thanks,

I understand about filing schedule D, but what about 4797. The information should flow from that form to sch. D. correct. In other words, do I need to fill out both forms. Thanks, jacksorh

I need some guidance with the 1099 A. Should I wait until I get a 1099 C before filing the 4797 and schedule D. In other words, do I report income even if no 1099 C has been issued as yet. This is rental property that was abandon. Box 1 - 4/9/07; box 2 - 52,473; box 4 - FMV 28,563 and box 5 - yes. I read where the FMV of the property is the selling price and as a result, those forms must be filed for 2007. Thanks for all your help, you've been great!! jacksorh

Thanks for all of your comments, however, the return that was rolled over showed that it was an amended return from the previous year. I deleted the form and I don't see the error in any more. Thanks a million,

It was just this return that it did it to. The computer's date is correct. I'll call Atx tommorrow. Thanks,

Each time I try to use the check return feature for the ATX program, I get an error message: Ending yr. date is before the Beginning yr. date. My 1040 form is a version 37 which is the lastest version. Does any one know how to correct so that I want get this error message? Thanks, jacksorh

Can anyone tell me what they charge for a Wisconsin homestead that is filed separately from the WI state return. I only charge $20., however, a copy of the WI return along with supporting documents have to accompany the homestead return if filed separately. Thanks,

I can't be that adventurous without any real documents. I only have a sheet of paper with the figures that the bookeeper/accountant gave her to give me. I am wondering if he is upset that he is not doing her full return, i.e. 1040, EIC, Sch. A, B, and the state return. jacksorh

I am withdrawing from this engagement. This was my gut feeling at first. I wanted to bring this to the attention of the community. All of you are so great and wonderful and willing to give your unbiased opinion. Thanks to you all.

Client didn't buy the business. Her boyfriend told her to put the tavern in her name. The license is in her name but his tax man gave me some sketchy figures on a plain sheet of paper as follows: Purchases less cost of items within for personal use----------------------------------9,220. The owner's initial investment in the business was zero. Her boyfriend had her put the tavern in her name, therefore, there wasn't an intial investment of capital. Part 111 (cost of goods sold section) is where those figures are coming from in the intial post. The person who did her boyfriends Schedule C/return just gave her a sheet of paper with the following information so that I could try to make some sense out of it. For instance, Gross sales----------------19,164 Purchases---------------------------------9,220 Repair------------------------------------ 580 Supplies-------------------------------------12 Advertising----------------------------------28 Sales tax------------------------------------991 Local exp-------------------------------------46 Acctg.---------------------------------------225 License--------------------------------------630 Utilities---------haven't gotten that amt. yet? Does it seem that something is amiss?

I have a client who didn't realize that she had to do a Schedule C for her new tavern business. I convinced her that one should be done, however, she told me that since she is the new owner, there was no beginning inventory except what was purchased to stock the tavern. Old owner, presumably, didn't leave any stock. Therefore, here beg. inv. would be "0", correct. Purch. less cost--------------------9220 Mat'ls & supp.------------------------12 lines 35 - 39--------------------------0 line 40-----------------------------9232 line 41 inv. at end of year---------1000 line 42 cost of goods sold----------8232 page 1 ---------------------income 19164 cost of goods sold------------------8232 gross profit-----------------------10932 Her expenses totaled 10900 net profit is only 32 Does this sound right? As a result no SE should be filed.

My client didn't sign a new loan agreement with her relative(debtor). My client ended up making good on the loan to the intial creditor since she was a cosigner and her relative later filed bankruptcy so that my client couldn't get her money.

A client of mine co-signed for a relative. The amount was substantial and my client ended up paying the loan off. She did not derive any benefit from loaning her relative this money. Can she declare a loss on her personal income taxes if any? The relative filed bankruptcy to get rid of this debt that she owed my client. Thanks, Jacksorh

Will a person who receives SSI benefits be eligible for the tax rebate? Will they have to file a return to receive this money? Thanks for your speedy reply. :)

I am seeing the e-file fee on my credit card. I called and was told that the program I had did not include free e-filing as of in the past. I have the 1040 (Saber) with 3 states. Because of this, I am being charged $3. for federal and $2. for state. I might as well pay the extra $200. because the benefit I get will outweigh the cost that I would pay. I wish I had known this before, however, it might have been an oversight on my part when I ordered the program.

I read a post that taxstaronline was looking for tax preparers. The program that they are requesting that you use is UTS taxwise 2007. Is this a better program than ATX? I was wondering if anyone out there pursued their offer of employment. I can see a person jumping on the bandwagon if they don't do a lot of returns for the tax season. What would be the pros and cons of latching on to this tax preparation company. They are a national company located in various states. Has anyone heard of them? Please let me know your thoughts about taxstar on line and whether or not your experience was good or bad with them. Thanks,

You can go to knowledge base and type in debt code indicator in the search box and it will tell you what those letters stand for. If I am quoting correctly, the (N)-no debt was found, (I) debt found in IRS files, (F) debt found in FMS files and ( debt found in both IRS and FMS files. I hope this help you! Jacksorh

I had the same problem efiling my return so a contacted technical support and they told me that I needed a credit card on file and they also gave me another code to run the program. It finally worked for me but it took 24 hours. I assume they did work out the bugs for e-filing the return. I was suppose to get a call from a tech but never did. All is well that ends well. Good luck

I filled out the fee collect form and transmitted it with all the forms in the return, however, a get a message that my customer number is not authorized to transmit returns so please contact technical support. I finally got through to technical support and they told me that the reason I got the message was because I have to update my credit card by going to My ATX and adding it to my personal record. I was told it would take about 30 minutes to an hour to update and I could transmit the return again after creating the e-file. I am still having the same problem and getting the same message that I am not authorized to transmit the return. Has anyone else had this problem? How do I retify this problem. Please respond. Thanks, jacksorh :)

When I check my return for errors, I get an error that the EIN must have 9 digits. I don't have an EIN number only my PTIN that I use on my clients forms and my signature. How can I overide this error or will it impact on me efiling my customer's return. Your help is much apprecicated. Thanks, jacksorh