weaverdoan

Thanks so much XP4ME! I'm in now.

Yes, that is the link I'm using, but it is blank. After signed in, it took me back to main page below. I must have done something wrong.

Hi everyone,

Did ATX closed the ATX Community Discussion Center? I have not been able to get in.

Thanks,

I finally have all of my Texas Franchise tax accepted. It took them like four days.

Hi everyone,

This is very strange. I e-filed one Texas Franchise tax return two days ago, and the status still showing "Transmitted to EFC". Is there a way I can resubmit it again?

Thanks,

Thanks so much Catherine. My client finally called the IRS and they approved for payment. They didn't say why they hold the payment.

Thanks cbslee! I didn't have the beginning basis for AMT.

Hello everyone,

My client had distribution from his S-Corp, but not excess distributions. I don’t understand why ATX is showing the Excess Distributions (K-1 (1120S)) on form 8949 with column b to h are blank. Is that how it supposed to show? Or I did something wrong?

Thanks so much for your help!

Thanks so much cbslee. I didn't think about closing the EIN.

Hello everyone,

I have a new client who told me for the last 10 years he filed form 1020-S with no activities. Does he need to file his corporate tax return (actually LLC elected S-Corp) if he has no activity?

He doesn't think he will have any activity in the future, but he wants to keep the LLC name that he registered. Therefore, he is OK with keep on filing it on a yearly basis.

Thanks so much for your help

Thank you Slippery Pencil!

I will to use "various" as ATX software will give me an error if I use code "M" in column (f) and leave the dates blank.

Sorry for another follow question. What dates should I use for date acquired and sold on form 8949? If I leave the blank, ATX gives me errors of dates required. Can I use "Various" for both dates?

Awesome! I wish I knew about this earlier

Thanks again for your help!

Hi cbslee,

Do you attached forms 1099-B to the return?

Thanks,

Hi Abby Normal, 

Thank you for your response. I have a follow up question.

"I almost never use those lines because I like to see the totals on the 8949 Details tab. In the case of multiple brokerages, I would enter totals by brokerage by code"

If you enter total by brokerage on 8949, do you require to attached forms 1099-B to the return?

My understand is for the Covered transactions that qualify for direct reporting on Schedule D do not require to attach forms 1099-B

Thanks again for all you help

Hi everyone,

I have a question about Schedule D line 1a and 8a. I understand I can report on line 1a (short-term) or line 8a (long-term) the aggregate totals from “Covered” transactions on form 1099-B that show basis was reported to the IRS and the basis doesn't show any adjustments in box 1f or 1g.

The question I have is if I have more than one form 1099-B, can I aggregate the total from all forms 1099-B?

Thanks so much for your help.

Thanks so much Catherine! I will ask my client to call.

Thank you for your response.

Hi everyone,

My client tax return was accepted on October 9, 2021 and it still shows "Your tax return is still being processed" on IRS refund status website. My client did not received any letter from the IRS to indicate there were anything wrong with the return. I don't know what to do to help my client. Any suggestion would be greatly appreciated.

Thanks in advance for all your help.