Eli

Hey Old Jack, stay safe my friend. Family ties run deep & you do what you have to to keep them safe. Always remember if it has to be you or him (criminal) then take him out & worry about the consequences later. You're family is in my prayers! Eli

KC, have you used this product? If so how did it work for you? Thanks! Eli

Thanks, Marilyn!! It sure helps to have friends to bounce things off of now & then :-) Eli

That was my first thought too, but I didnt see anything in the instructions so I wanted to double check. Thanks, Chuck! Eli

Purchased the mobile home on july 30, 2009 & the lot in October 2009.

WOuld the total purchase be included for both the lot & the home or just the home. I don't se that in the instructions for form 5405. Thanks! ELi

Thans to all of you for your best wishes!! I will have to wait to get home to see the video :-) Thanks, TaxBilly!!

Go to 'MyATX' & check them manually. It sux, but at least you get hte peace of mind if it's accepted or not. Not sure how it's going to play out for those who are doing bank products. I have about 40 returns showing transmitted, but i checked most of them & they pretty much are accepted. Eli

It had not been reported before. I've done her taxes for the past 4 years & this is the first I've heard of this issue. Thanks, KC! Eli

Old Jack, first of all thanks for replying. As for leaving out that info, it wasnt done on purpose. The taxpayer brought that form in & that was all she had. She has never had to file a 1041 before. This was retirement money earned as a teacher's aide. She invested some of the money with a firm who later stole the money from her & many others. This moeny was just part of her initial investment. So what I'm looking for is guidance on how to proceed with it. If it's something beyond my knowledge then I will gladly pass it on. Thanks again! Eli

Maybe it's because I don't have as many returns as you do & are not as busy. Maybe it's because I want to do the best I can for my client. Eli

Thanks, Jainen! Thats what I told her, but I wanted to get confirmation. I will give her a quick call to reiterate. Thanks again! Eli

Parents have a total of 6 kids. Parents filed their return elsewhere claiming 3 kids. Oldest son is 18 & earned $1900.00+ The parents want to take the remaining 2 kids and include them on the oldest son's return. Definitely they can not be dependents. I also think they would be the qualifying children of their parents. Is my way of thinking correct here?

Larry, I had the same issue this year. IRS said it was a technical issue with the software. I finally gave up & efiled it without the exempt income. I told the client I would amend her return at a later date. I spent at least 3 hours total on hold & talking to techs at ATX with no luck. Eli

Client received a K-1. The only amount is 17,250.00 in Box 14H. She received this from a receivorship. Apparently a group of people including her were victims of fraud involving their retirement plans. The receivorship collected 69% of the money that they were defrauded. The 17,250 represents 69% of what was taken from her. I opened a Sch E pg 2 & did the K-1 input, but it doesn't seem to flow anywhere on the 1040. Am I missing something? Thanks!! Eli

Good one! Thanks for the laugh!!

David, Meta Bank is not the same thing as 'fee collect'. Meta Bank is working in conjunction with Santa Barbara Bank. Fee collect is thru CCHS. If you are enrolled with Meta bank, you should be able to offer bank products which are Refund Transfers only this year. Eli

Don't you just miss the days of William & Kerry being there. I remember posting things on here & bam! within minutes someone from ATX was calling. Now you call & wait for at least 2 hours before getting to talk to someone. Eli

Yup sure did, but IRS is saying there's a form issue within the software. The person finally answered & was on the line with them for about 20 mins & she was going to escalate the call but we got disconnected. I figured she would call back, but no luck now i'm on hold again :-(

It's a software issue. The form SE form is not matching up to IRS strandards as per IRS EFile desk. Trying to exempt profit from SCH C due to it being Notary Public income. Its been rejected 4 times.

and counting...

It works just fine. I fill it out n let the taxpayer sign it. My efiles have gone thru with no problems. Eli

Thanks to all for the replies. Whew..I don't know what I would do without all of you :-) Eli

Taxpayer owns a delivery service. Has had it for the past 4 years. This year he decided to open another delivery service along with a cousin. The cousin was supposed to be the main partner. No formal partnership paperwork was drawn up. Taxpayer set up the bank account under his name. The W-9's were set under his name as well. He received all the 1099's from the payers. He stated they were going to change it, but they never got around to it. He was supposed to only receive 18000+ from his cousin. Instead the 1099's total 81,000+. Can he turn around & issue the cousin a 1099 for the difference (81,000 - 18,000) or should he issue a 1099 for the full amount? This is a mess :-( Thanks for any suggestions!! Eli

Thanks, JRS & MN2V!! Now I feel even dumber lol..appreciate the help hope you guys have an awesome weekend & Go Cowboys!! :-)