windmill

Just received the following from the IRS.

Dear Tax Preparer,

The Return Preparer Office is changing the renewal cycle for all PTINs to a calendar year renewal. Even though you got your PTIN before the end of 2010, it will not expire until December 31, 2011.

Open season for 2012 PTIN renewal will begin in October 2011. You will receive another message then reminding you to renew your PTIN before year end.

That's what I thought; thanks for the confirmation.

Check the initial and final boxes at the top of page 1, Form 1041.

Several years ago, a client brought fresh donuts. The interview went well between donuts and coffee.

Oklahoma NR are all paper filed. Maybe IN is the same.

Received two of two transmissions. Guess I am spoiled by quicker turnarounds.

Is anybody else having any transmitted efile delays? I transmitted yesterday morning and no ack yet. Form 941 transmissions.

I understand "new information" or a late K-1, but married in Sept 2010 and filing single for 2010. How is this justified?

You correct and refile..I think you have 3 days to correct and re efile.

I, too, got a call yesterday afternoon from a client whose files were in the dead files, not literally. I haven't seen him since 2007 when I filed an extension for 2007. He wanted me to file an extension for 2010. He hasn't filed since 2007..oh, boy....in our discussion...by the way, I got married Sept 2010. Well, then we have to file either MFJ or MFS...He said no no single...how is this, I said. well, her tax preparer filed her single because I didn't have my stuff ready...how did he do this??? How do you file single when you are married? I suppose file single then amend later, but doesn't that admit the previous one was totally incorrect. Any thoughts?

Thanks, fmaderjr, for responding. This client is in his 70's so I think a long time retiree. Whether this is taxable makes, as you can imagine, a significant difference in his tax liability, a swing of $8000. It is believable that the $3404 is health insurance as the box states it could be insurance premiums.

If the $35,987 is what he must recover over his life, this year alone would nearly match that. I still don't know what to do, though, and he is incompetent. His guardian brought the documents for return prep. There was $2600 federal tax withheld so maybe it is all taxable. All I can find is that the amount in 9b is used to compute the taxable part but no clue as to how to do that.

I wish I had more time to reply, but it is the season...on the 1099R input page, scroll down until you get to the pension/annuity area and start answering and filling in the blanks...use the simplied method...several questions you'll have to ask the client, but this should get you started, while on that page, go to support and get the publication that deals with this....

Well, my client can't find his soon to be ex-wife to get her SSN. Married Feb 2010, never filed MFJ and so we are filing separately...I guess the best he can do is sign a letter stating that she disappeared. Any other thoughts?

I have efiled two states at the same time with the federal. You need a tax preparer number for NY,,OH went fine without a designated number and CA doesn't need one either as long as you don't go over 10.

I had this error this a.m. Is there a fix?

Can be deducted on Sch A subject to the 2% limitation. Line 23, Sch A. Per Publication 529.

My client is a railroad employee who was laid off last year. He drew unemployment(1099-G) from the US Railroad Retirment Board, Sickness and Unemployment Benefits Section. He also drew "other income" (1099) from the union. The union's letter to my client states "The is the amount of premiums you have paid on your policies from the dates issued to December 2010 is $3143. This is the amount that may be applied as a deduction for income tax purposes in connection with job insurance benefits paid to you in 2010.

Any references pertaining to this would be appreciated.

Same time.

Same as Terry O...submitted 10 and received 10 ACKS...back to normal so it seems.

Gettin' ready to roll.....this afternoon

any idea when ATX will have form 8825 ready to Print ?

is there a way to look up the anticipated dates ?

many thanks.

I am waiting for this form, too.

The ATX software won't let me create an efile with a Schedule A.

Does your ATX software let you?

I am holding a stack of returns until I can create efiles.

I'm sending them in. Plus, when I close the client in tax program I have added specialized lines in the progress status. This is so I know what I've done for the client (i.e. waiting for signatures, sent efile, etc).

Also, California is a direct state so preparers will have to decide whether to send through CA return or wait until after Federal is accepted.

Beckster

Yes

I tried to create about two hours ago and got the red warning that the Schedule A was not approved for efiling.

I had noticed that you did not always post for those who don't actively participate, but no way are you getting senile!. Please continue doing what you do so well, as well as the answers you give to posters on this board. You are one of the few who actually provides a source for your answers (or a link to the information), and I really appreciate that.

I don't post very often as you can tell by the numbers, I read what is going on very day and keep up with the issues of the day. Thanks.

According to what I am reading from a Edward Jones publication, the taxpayer may elect to defer the income into 2011 or split the income for 2011 and 2012 or include the income into 2010.