Lucho

Thank you Tom. I will follow your instructions Lucho

How are you entering the information for the car/truck expense with this new program? Jumping from line 9 Sch. C takes me to the two options Fixed asset and Profit/ Loss from business. If I use line 9 worksheet I can not get anywhere because my client claims the actual expenses and this line is only for claiming the standard mileages expense. If I open the fixed Asset I dont' find anywhre where I can enter the vehicle expense info. I know that there is a new way to do but I still not able to find it. any help will be appreciated. thank, Lucho

Actually, I downloaded the 12.9 version. Thank you MAMalody. Good night Lucho

I have 12.8. Some posts states that there's already the new version 12.9 which I can not get. So far I have being doing OK. not very often the program shuts down Lucho

Got it. Thank you Lucho

this is my first time with this situation. anybody knows how or where to include the IP PIN that IRS assigned to my client? the only place I found is in the "filer's info worksheet". It a six number and it wouldn't work as the pin for the Form 8879 because is more than five digits. Am I right if I entered in Filer's Infor or if someone that already had this situation can help me, I will appreciate. Lucho

I found it. Thank you. Lucho

Is it possible this year or not? Even if I got both separates letters, The state (CA) letter reads as if the return has being paper filed not mentioning at all that the return will or has being e-filed. I look and look but I can not find the way to combine. What a hard time this year. Printing is another issue. Thank you again for any help, if possible Lucho

Thannnk you very much. Have a "Bessed Day" Lucho

I would appreciate if someone guide me on how to send a test transmission. I haven't being able to locate the option in the program. I just want to make sure that everithyng will be OK for tomorrow the "30th" I called customer support this morning and the answering system said the waiting time was aproximately "1 hour" Call my acct. representative (he promised me to help in case having trouble with customer support) and his answering system said that office is closed today in observance of the "holiday". Thank you in advance. Lucho

I got it! I was making it so hard to myself. Have a nice weekend everyone. Lucho

I spent some time on the phone but the wait was long so I gave up. They said this year we were going to experience an "exellent customer support" service. Last year I just went on Prep. Manager Options and Security In Security Manager this year, after entering a user ID and the password the "OK" option is not highlighted the only way to continue is "Cancel". My program is installed in a Stand-alone computer. I know this is a "piece of cake" for most of you in this forum, but I can not get it this year. Thank for any help. Lucho

Thank to all of you for reading my post. I will keep you informed of the outcome. Lucho

What would be the best way to tell IRS why my client is filing late? By Oct 15 he was in the hospital and after the doctor let him go home he needed some extra time to rest. Should I E-file the return and wait until IRS send the bill including the late filing penalty? or should the return be mailed and attach the documentation explaining the reason for being late. This is my first time I have a client with tax liability that is filing late. Thank you for any help I can get. Lucho

I dont' think is the computer because that is the only return that I could not open. Now I can open it but all the forms were updated (1040 version 121 instead of version 103) of course, the return transfered to the other computer is the one I had in the back up copy I prepared before april 15 Anyhow I will start using the other computer next year. After nine year of service, is time to let this oldy take some rest Thank you again Pacun Lucho

Actually I tranfered the back up copy to the other computer and it opened correctly. Thank you again. Lucho

Thank you Pacun. I duplicated the return and what I got is a new return with all the figures but no clients info at all. If I change to 1040A the figures change drustically giving a huge amount of tax due an also no clients info at all too. I will tranfer a back up copy that I made before to another computer tomorrow morning (hope that will be OK). I will let you know the outcome. Thank you again and good night. . Lucho

I prepared the return at the end of February and I need to open it now to review some information but it will not open. The message I get is as follow: "This return contains later versions of certain forms than those installed on this computer. You must update these forms before you can open the return. Click View Log to view the list of forms you must update". If I click on "view Log", what pops up is a white little screen completely blank. The version of the 1040 on the day I prepared the return was 103 and as of today the 1040 current version is 121. If the versions of the forms on the return are different than the version when I prepared the return, how could I fix that? Has anyone run into this situation? Thank you for any help. Lucho

Got it. Thank you again and have a blessed day Lucho

Even if student never got any of that excess money described in transcript? Thank you again Lucho

Student Form 1098-T shows in box 2 close to $44,000 for amounts billed for qualified tuition and related expenses; box 5 also shows close to $28,500 as scholarships or grants. Student had a W-2 with $3,979 which she reported; her parents claimed her on their tax return. The college is giving the student a detail of how the scholarships or grants were used and telling her that she is supposed to report some of the scholarships or grant money because not all those funds were used for tuition. When I see Box 2 and compare with Box 5 I wonder why she would report some of the funds from Box 5 as taxable if box 2 is over the amount of Box 5. For those of you with experience in scholarships, I beg your help. The College Associate Director of financial Aid is telling the student that she needs to amend her tax return to include the amount that according to them is taxable. Thank so much in advance for any enlighten I can get to help this student. Lucho

Client foreclosed on a second personal home last year, bank sent him a 1099-MISC with an amount of $7000+ listed in box 3 as miscellaneous income(client actually received that money as the keys refund as stated by bank notification). According to 1099-A, client’s basis in the house was higher than the balance of principal outstanding debt and also higher than the FMV of property. If this is a non-deductible loss, how would you characterize that $7000+ MISC income?...1040 Line 21 other income , capital gain or non taxable because the loss. I would appreciate any help. Thank you, Lucho.

Good morning Jainin. And Thank you

If anyone in this forum practice in this area, and have experience on how Parca (a non-profit Org. in Burlingame CA. serving people with developmental Disabilities) treat the donations they receive. My client made donations during the year (not in cash). But all he has is an Acknowledgement Donation Receipt completely blank. I wonder if they will only value the donation in cash but no for non-cash donations because the taxpayer called the Org. and they said to him that what he got is what they give to any one and is good for tax purpose. I told my client that the blank acknowledgement receipt is not proof to claim a deduction. Lucho

Thank you, bcolleen and Jack from Ohio. Off course I am using only the earned income to figure the credit. Lucho