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cantup

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Everything posted by cantup

  1. cantup

    Acks

    Start receiving acks today at 11:45 am central time.
  2. cantup

    Need Help

    Sorry! It was her primary home, do I need to file form 982?
  3. cantup

    Need Help

    Have a client with form 1099-A (Acquisition or Abandonment of Secured Property). Box 2 Balance of principal outstanding $34572 Box 4 Fair Market value of property $50100 Box 5 Was borrower personally liable for repayment of the debt? Yes Can you please give me some advise where do I have to report these amounts on Federal Return 1040. Thank you
  4. I am doing the same thing, GRATIS....specially for customer's relatives and all who asks for it. Think we have to gave some in return for a great tax season. cantup
  5. Hi everyone on this forum First of all thank you so much for all your support, ideas and experiences; I think we all have a lot of things on common and one of them is success on what we are doing (Tax Preparation) for individuals or business. Since I started using ATX (2003) after Ortax, I think I found a new way to work using ATX's forums, I learned a lot of hings from your experiences, and keep learning till today thanks to your posts. No one is perfect, but for some reason we always found something to complain about and make a big deal about it, including myself; today I decided don't complain more about ATX's software. I like it, I been using it for 5 years and besides I discover they don't decide for me. I have my answer, I have my choice, and I think I know your answers too; most of all we are going to renew our ATX software for the next year although we continue complaining about it. That's the reason I have decided no more complains about ATX's software, instead we should encourage each other to work harder, helping ourselves, that's what I enjoy more of this forum. Hope you are having a nice tax season. Pedro PS. sorry for my English hope you understand what I tried to say :scratch_head:
  6. Thank you for your answers and time to respond my questions. I request more information but taxpayer doesn't know if he will receive a form showing the amount he received. The amount received was for physical damages.
  7. Taxpayer received a check for 120,000 from an insurance company last year on March, because he had a car accident. he hire a Lawyer and he made arrangements with the insurance company before to go to court. Insurance company paid $500,000 to taxpayer's name. Taxpayer paid $380,000 to Lawyer. taxpayer didn't have an insurace policy at the time of the accident. My question is: Is it taxable this amount received for the accident? and if it is taxable how to report that amount... Line 21 other income? will he received a 1099 form from the insurance company?
  8. cantup

    EIC

    Hi everyone, Hope you are having a great tax season! Client used to file MFJ with 3 children for the past 5 years, his wife didn't have SSN instead had ITIN so they never claim EIC, this year his wife got a SSN and are elgible to get EIC. Question: Can we amend the past returns using the new SSN and claim EIC for those years? Thank you Pedro
  9. Sent RAL application yesterday. This morning I found Server problems, can't receive acks, and at this time still same problem. Anyway check the option "print checks" and found the RAL's check, I already print it but don't have bank status accepted yet.
  10. cantup

    1099 MISC

    Taxpayer receives 1099 misc with $14000 on box 7 (Nonemployee compensation) from Financial Institution, that amount was paid because taxpayer couldn't paid her house, taxpayer demand the Institucion and lost the case, so the institucion gave that amount of money thru a lawyer to help her to leave the house. How is the correct way to report it?
  11. Same problem here can't receive acks.
  12. :blink: I have the same situation, can't receive acks. server down!!!!
  13. Thank you for all your opinions and solutions, I already unistall the printer and installed again!!!
  14. Does someone is having problems to print a return? Since two days ago I start having problems to print my returns, I'm using an HP LaserJet 1022 same printer for the last three years. The only solution for this is turn off my computer and start again, some times when I start my ATX program it start printing the return that couldn't print before. Is someone having this kind of problem? Everything looks right, when I check printer status I see the documents waiting for print. Any ideas? Thank you
  15. cantup

    RAC

    I'd like to know if someone else is waiting for checks to be approved by HSBC, it suppose to received these checks today. yesterday I received just four checks but today, I'm still waiting for some checks. Thank you Pedro
  16. cantup

    Taxpayer ITIN

    Eli It means there is not problem to transmit in that way? Did you transmit this kind of returns with this situation? Thanks Eli Hope you have a great tax season on Mission Texas!!!! Thanks again Pedro
  17. cantup

    Taxpayer ITIN

    Hello Does someone had efile returns with taxpayers or dependents using ITIN instead of SSN. Please let me know your experiences, if there is a problem transmiting this kind of returns, where SSN on W2 form doesn't match with Taxpayer's ITIN. Pedro
  18. Hi Is it possible to claim child tax credit when child doesn't have social security number instead he has an ITN. child is living with parents both with ITN numbers. I already check the rules for Qualifying Child for purposes of the child tax credit and I have a doubt about the fifth rule: 5. Was a U.S. citizen, a U.S. national, or a "resident of the United States". resident of the United States..... means living in USA legally with social security number or just living in USA. Thank you
  19. Hi No, you are not the only one experiencing that problem, this morning after update my program, I was dealing with the same problem you had just described. I had to reboot my computer too.
  20. Good morning everybody!!! Due a lot of people asking if it is possible to efile without form W2, ( They pretend to e-file with last pay check ), I decided to ask the same question, I understand IRS does not accept e-file with last pay check, at least not before February 15, after that date is permited to do so. If I am wrong, please let me know. I really apreciate your help. Thank you!!! God Bless You. Pedro Cantu
  21. cantup

    Name on SSN

    Thank you for your answers. It's good to be arround people who has the knowlege and the time to share their experiences. Thank you again and have a nice tax season!!!! Pedro
  22. Good afternoon everyone!!! can you give me some advise on this matter; when I create an efile a message appear at the bottom of the program (ATX): The following e-file can not be created because name on SSN is too long. How do you handle this kind of situation? I already made some changes but the e-file was rejected because their records doesn't match theirs (IRS). The SSN's of both taxpayers (mfj return) have a name and two last names on each one, besides her SSN has a middle name. any help or advise is really appreciated!!! Thank you Pedro
  23. Hey everybody!!! There are new updates for our software ATX. Now I am able to create E-files. Thank you ps. does some of you know how to make templates where today's date appears itself when create a new return?
  24. cantup

    E-file

    Thank you Tom777 But I need to create e-files with Sch EIC. Pedro
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