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About Cathy

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    ATXaholics Anonymous

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  1. Well, my neighbor called as everyone in her office received their $1200 stimulus payment today and are "in their accounts ready to be spent".....all except my neighbor. She has been married for years and passed the income test with no problems of getting even close to going over the $150,000 limit. She got on the IRS website and got the information (from a computerized program) that IRS needed to find out more information on the 2019 return.....which by the way had been filed already 3 weeks ago as evidenced by IRS DEDUCTING THE $27 PAYMENT FROM HER CHECKING ACCOUNT TODAY. THIS PAYMENT WAS NOT DUE UNTIL 7-15-20 AS IT WAS A BALANCE DUE FROM THE 2019 RETURN. So, the moral of the story.....get ready for the phone to start ringing.
  2. POOF...AND THE INSTRUCTIONS HAVE BEEN CHANGED (RECENTLY UPDATED...) Don't know what happened, while on hold for ATX because a retirement check would not show as retirement on page 1 of the 1040. The amount of the retirement would only appear in box 1 as Wages, tips and other compensation. I actually fixed it while on hold for the technician...deleted the 1099-R and re-entered it. I asked the tech what is going on with the program and she kind of laughed and said yeah, you know with changes with the instructions even we have to go back.....ahhhhhh. Don't go on hold. Just post your problem and POOF, it will be fixed. Especially the newbies, just be very careful. I haven't ever seen a program making these (and other kinds of errors) in all of my career.
  3. Has anyone noticed that the LA Dept. of Rev. has changed their instructions on Schedule E? In the years past, a taxpayer who has Louisiana retirement income could get an exemption for different retirement exempted items such as State retirees, Federal retirees, Fire and Police retirees, City retirees, etc... Such as the case if the taxpayer had Louisiana retirement (no matter the total) and also up to $6,000 of other retirement if they were 65. I pulled the instructions on both 2018 and 2019, and their is definitely different instructions. Unless the actual law was changed, and I doubt that it was due to the election year in 2019, it appears that someone new and/or too young doesn't remember the lawsuit that changed how each and every state was forced to exempt Federal retirement if they had exempted their State's own retirement. It seems that Louisiana was right in the middle of the lawsuit if I remember correctly. The new instructions puts a kink in that law as those people with exempted retirement incomes now have lost the other exemption (such as IRA's or employer retirement) that could have exempted an additional $6,000 in income. Another slap in the face to the teachers! In the case that someone found something somewhere in the Revised Statutes that prevented the way of taxing retirement, one might think that we, as taxpayers and tax preparers, should have been informed!!! OK...my soap box is getting tired. Back to work!
  5. Running a couple of days late this year.....I'm on "My ATX" page trying to get to where I can download software that I have paid for in full. When I go to click "Download" it disappears as does every other title I need. When I click on Home, it disappears as well. Anyone have a clue? Thanks! Cathy
  6. Sara, you are exactly right about the S-2 situation that in essence makes a single person with one job claim the second deduction. In fact, the W-4's originally came out with that error every since the Reagan tax cut days. Even with another major change with the W-4's, the S-2 problem still existed. Whenever I had a new single taxpayer with one job who would come in and want to know why he owed IRS, I knew exactly what went wrong! I was always able to warn the student taxpayers with one job not to ever claim S-2, and with the sit-down with each client prior to the Reagan tax cut year, it was as if I had prepared 2 returns for each client that year...and for one of each of those second returns I couldn't charge (should have but didn't). Fellow tax preparers said they were being fussed at for them owing at the end of the Reagan tax cut year. I shouldn't have wasted all of my time that year as it was a ho him year because all refunds had been planned. Didn't feel appreciated in other words! This is just another sweet talk from IRS to get us to do their work for them.....then do everything they can to cut our throats at tax time! Retirement time is looking better and better.
  7. The "Reject Error Report" that comes back to you to tell you why said return is rejected stated: "Thank you for using e-File." Well, that's nice and all, however, I need to know what the heck IND-162 means. IRS.gov doesn't know, goggle doesn't know....no-one seems to know! Anyone? Thanks! Cathy
  8. Cathy

    Twilight Zone

    Any minute I expect the Twilight Zone theme song to start blaring from my radio that's not turned on!! Just found another new present we were left with this year. Form 8990...instructions are only 11 pages long. This form is used in order to find out how much of the business interest expense that can be used as a deduction on Schedule E. 800 returns? Nah, no way!
  9. I'm sincere when I say this, there isn't any way possible 800 returns can be prepared by one person (even with a little bit of help from his wife).....no way in hell. cbslee, if you ever see him again, tell him you barely broke 1,000 this season...1,002 as a matter of fact! What's another couple of hundred returns...child's play. If I could do 800 returns in one season, I would hope I could make it not working the rest of the year....$200,000 should get me through with $$$$ to spare, pay taxes, and buy a really cool pair of to have on when I go visit the other work horse that prepared 800 returns. 800 returns with the new forms, idiotic scheme for the forms, a 300 page rules and regulations issued 1-30-19 or thereabouts....you really can't blame IRS as they only had a year to get that accomplished! 800 returns....no chance in......fill in the blank. Take care all, Cathy
  10. "Regardless of what the court says", there is more to that theory. The custodial parent can be setting her/him self up with Contempt of Court.charges if he/she claims the child when in violation of the order from the court. And if the other parent's preparer has been on the ball and got the custodial parent to sign Form 8332 through his client (before walking out of court is a good time to do it), IRS will honor that form and let the non-custodial parent claim the child. And no, IRS isn't honoring court documents (post 2008), they are simply honoring Form 8332. It took a while, but attorneys representing the non custodial parent are FINALLY seeing the importance of Form 8332.
  11. This is my 43rd year preparing tax returns and the worst year, to say the least! I have read conflicting things about the Extenders bill and thought it was all set and I was just waiting on directions from IRS as where to show the extended items that were needed on my clients returns. When researching IRS's website on the Extenders items, I get dizzy as it's click here, now here,...a couple more times then find myself at square one which was my original research quary. QBI....Am I the only one to admit that I feel brain dead when trying to decipher the regulations that keep on changing? I am literally at a complete loss on the whole issue! Ok.....it's out! There is an idiot amongst you! I feel better now! Maybe you can now see how intelligent you are and will have a wonderful day! Keep me in your thoughts and prayers (pleeeeeze)! Take care, Cathy
  12. Cred65, I agree with everyone about listening to your doc's orders. How quickly we forget the horrendous stress we go through during the season which will be on top of us before we know it! Take care, Cathy
  13. Cathy

    NT Storage

    That's why I love living in the "boonies". I have a yearly paper bonfire. Tried my shredder but too many staples. The fire is beautiful also especially when the weather cools down.
  14. MFJ couple (client for 25 years) just got a letter from IRS in regard to their Amended 1040X they filed (NOT)! IRS said they will either send them a refund or a bill. I called the number given in the letter and it's the same lady's voice who answers every IRS phone if you know what I mean. Anyway, they're not open today so we'll have to call back tomorrow. In the interim, have any of you had a similar circumstance? This particular client recently retired from their self employment and have been one of my best, if not the best client one could hope for. Insofar as either one of them filing an amended return, no way, no how! The return is under lock and key along with the other 24 returns I've done for them over the years. The more I think about this, the more I think it's got to be an error. The letter sent was a form letter. I'm willing to bet someone typed in the wrong form number. Anyone have any ideas? Thanks! Cathy
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