Bob Hoffman

Ditto

I am not under any "obligation" to CCH or ATX. I am the CUSTOMER!! I give them money! They are the ones under obligation.

I'm wondering when someone from TRX will pop onto this board, see this discussion (re:signing a release) and respond. I am very curious as well.

I so agree!!! THIS DRIVES ME NUTS!

I agree as well!

This is all well and good however this is an ATX Community Board and as such we are interested with the ongoing debacle TRX is having with ATX. Please give us your assurances that you will be providing ATX Max & TTO software for 2009 at your stated pricing on your website. I personally will not accept any bait & switch whether it be Tax Wise and/or your home grown software!

Thanks for your timely response to many nervous new customers.

Mike Dubin CPA

Good call, Mike. I agree. I want to know whether we can count on at least five years of an advanced ATX/CCH product.

My personal return is definitely on extension.

No way I'd prepare a return that's important to me under deadline pressure - too many opportunities to make a mistake.

Ha Ha

Did anyone like me, didn't have time to prepare their own tax return? I prepared everyone else tax return, except mine :-(

For the first time in a long time, I got a chance to do more than the old once over to see how much to send with extension. Getting a refund. Experienced the dreaded realized capital loss in a couple of key transactions.

The name control has its own conventions. If a person's name is in the trust, it's probably the first four letters of the last name.

Verifying the proper 4 letter name control worked for me earlier when I got rejection errors.

I enter the wash sale portion as a separate transaction . . . there's a 'wash sale' code in the box in the upper right corner. (KC taught me this.)

So if the entire transaction (say a loss of $100) is a wash the first transaction should net to 0 gain/loss and the wash sale portion should read loss of $100?

Sorry-

I'm having a brain cramp. Wash sales - proper procedure in ATX- show whole loss and "minus out" the unallowed loss?

I will second all the above sentiments. This forum really is a great "intangible" asset!

If I remember correctly, all income is passed thru to beneficiaries on the final K-1... therefore the 1041 shouldn't be paying taxes in final year...

What say you all..

Taxtrio

In this case, the Federal 1041 was finalized by paying tax, not passing taxable income. There were cash distributions but they were of non-taxable funds.

I'm confused as to why an MI1041 will have a tax liability (like the Fed 1041) if filed not as final return but changes to all zeros if it is a final return. The fed computes a liability on the final. Any MI preparers give me any insight? I've researched the instructions and find nothing on that subject.

Well, a TRX purchase would definitely remove you from the ATX training team slate - not sure what they're promising per customer service, but the CCare department definitely speaks to a lot of TRXers.

CCH works with TRX users?

I got the e-file through. I forgot to match the four letter name control to the one created in the return. Thanks, everybody.

I am getting a rejection notice -1041FD122 - on the e-file of my first trust return. I did not assume there would be any problem. Simply, the EIN and name "control" do not match in the IRS database. This is a first and final filing. I took the name and number right off of the IRS notice of EIN assignment. It matches. Any ideas or thoughts on how to check the information another way?

I am getting a rejection notice -1041FD122 - on the e-file of my first trust return. I did not assume there would be any problem. Simply, the EIN and name "control" do not match in the IRS database. This is a first and final filing. I took the name and number right off of the IRS notice of EIN assignment. It matches. Any ideas or thoughts on how to check the information another way?

I just tried to transmit and it says server down. Didn't we go through this last year and the year before:) I think we should all play hookey and go home and enjoy the fine weather we are having here in Wisconsin!!

Sara

It's down here.

My understanding is that the broker summary is acceptable IF it follows the same format as the schedule D. That's a key distinction, but it's right there in the instructions. This year, for the first time, I've seen a couple of broker summaries which do meet this test. Most don't, which I think is by design since they don't really want the client to know very much about their performance - an informed, knowledgeable client isn't particularly good for business.

I don't see how IRS can reject a broker summary if it meets their own requirements. Has anyone on this forum ever filed a return using a compliant broker summary and had the return rejected?

Not here. The 100-200 transaction Merrill Lynch detailed reports have worked for 3 years now.

TP says he can deduct interest on motor home. State taxes mh as personal property based on value. Why can't he deduct this tax as real estate since federal treats this MH as a residence. TP can't use schedule A this year. I have not heard this one yet. Left hand says he may have a point, but right hand says NO. What ya'll think?

The motor home is personal property not real estate.

K-1 input sheets for the1041 are available. Perhaps they need to be downloaded from the website.

I had a nooner for lunch

I'm jealous

The way I begin analyzing situation like this is to run a comparison of the current return to last year's. (Comparison 2008) on your forms list. If it isn't there, download it.

Unfortunately, if it didn't get paid back before he/she severed employment, it is income.

Has anyone received the error code?

I have a return that keeps getting this code

and I can't find out why.

This is not in ATX but TRX Taxwise.

The person I spoke to in support was no help at all.

Does TRX have a community?

Amend 2007. Been there, done that.

Mine was delivered by a very cold looking USPS driver who seemed none too happy having to get out of his truck!