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Naveen Mohan from New York

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About Naveen Mohan from New York

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    Advanced Member

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    specfran@yahoo.com

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  • State
    NY
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    Male

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  1. Naveen Mohan from New York

    fixed asset report in ATX Max

    I cannot appear to print fixed asset report in ATX Max. It is saying that I have to buy Enhanced Asset Management Tools. I cannot even seem to print individual assets either. Is there a way around it? Thanks for your help. Naveen Mohan
  2. Naveen Mohan from New York

    Prior year tax returns after switcing to Drake

    I am switching to Drake after using ATX Max for 20 years. The question I have is how to do prior year taxes after my switch to Drake. Every year I get couple client who need to d prior year tax return. How do you guys handle it. Do you go back to your old ATX Max for that year to do prior year tax return or do you access Drake prior year software. Also if I am not ATX customer next filing season, will ATX still allow me access to my prior year software license or will they shut down my account. If I use Drake option, since I did not purchase Drake for 2017 tax year or 2016 tax year will Drake even allow me to use efiling for prior year tax returns. Thanks for your help. Naveen Mohan
  3. Naveen Mohan from New York

    New to Drake how to enter depreciation

    Thanks Judy. I will try it
  4. Naveen Mohan from New York

    New to Drake how to enter depreciation

    I did a Sub chapter S corporation in ATX and then I tried to replicate it in Drake. I used fixed asset schedule in ATAX and I used 4562 Depreciation Detail as outlined above in Drake. Yet my depreciation in ATX is not matching with Drake. ATX is giving me a slightly higher depreciation. I have double checked my input in both sides and my asset class, service life, Amount, Date installed, prior depreciation, prior bonus depreciation is matching yet answers are not coming out the same. What other area should I be looking in. Thanks Naveen Mohan
  5. Naveen Mohan from New York

    Best practices in switcing to Drake

    I am wondering if I need to buy both Drake and ATX Max for next year while I am transitioning from ATX to Drake or can I get by with just Drake software alone. I have purchased Drake 2018 and in the mean time I am using the evaluation version to reproduce all my 2017 ATX prepared return in Drake. I guess I am just afraid of the fear of unknown because I have used ATX since 2002 and I am afraid of last minute issues because I am not yet as familiar with Drake as I am with ATX. Will I be alright with Drake alone? Thanks for your help. Naveen Mohan
  6. Naveen Mohan from New York

    ATX Estimated tax not matching with IRS

    One of my client got letter from IRS saying that there is discrepancy between the estimated tax amount claimed and the amount per IRS records. I looked up his 2016 tax return and in that return I had scheduled $ 4,700 per quarter to be paid by ATX direct debit. IRS letter is showing $ 4,600 per quarter. I am curious that since it is direct debit shouldn't there be exact match between the ATX direct debit and IRS records and I do not understand why IRS records are showing $ 100.00 per quarter less than what I had scheduled in ATX direct debit. Thanks for your help. Naveen Mohan
  7. Naveen Mohan from New York

    For New York State Drake users

    I am trying to replicate my 2017 tax return done with ATX Max in Drake 2017 evaluation version and I am running into couple problems where I cannot find answer in Drake KB. New York Sate allows $ 20,000 private pension deduction for individual taxpayers over 59 1/2 years old. I have followed the instruction as follow: On 1099-R I have put pension type %. On New York State pension override I have put the amount "Portion that qualify for subtraction". I have double checked date of birth But program still will not enter the deduction in New York IT-201 form. What am I missing? In S corporation return, it will not let me pay New York State corporation return by direct draft. In PMT screen I have selected A for state/city selection. I have entered bank RTN and account number But program still will not do direct draft. Is it because I have evaluation version of program or am I missing any steps. Thanks for your help. Naveen Mohan
  8. Naveen Mohan from New York

    ATX Common Workbook

    I am using 2017 ATX Max. Each time I open a previously completed and saved tax return. Program wants to update common workbook and the message comes out Common Workbook version required 150 and version saved 159. I don't understand this message. When I did the return back in Spring the return was completed without any problem. I do not even know what a workbook in ATX is and why the program is requiring an older version of workbook. Thanks for your help. Naveen Mohan
  9. Naveen Mohan from New York

    1120 H return in Drake

    Is there a way to do 1120-H U.S. Income Tax Return for Home Owner Association in Drake? I am trying to convert from ATX to Drake and I cannot seem to find 1120-H in Drake's drop down menu. Thanks for your help. Naveen Mohan
  10. Naveen Mohan from New York

    tech Chat support

    I have just purchased my Drake software along with Drake 2018 accounting. I am trying to set it up and I am wondering if Drake offer Chat support with their tech like ATX has. I thought somewhere I saw the existence of chat support with Drake Tech department but I cannot seem to locate the web link for it. If any one of you could point me to the right link. I would appreciate it. Thanks for your help. Naveen Mohan
  11. Naveen Mohan from New York

    Late Filing of Form 2553

    I have a client who was a C corporation upto 12/31/2016 and he wanted to become an S corporation effective 01/01/2017. However he has just advised me that he never got around filing his form 2553 and he will not be have his tax data ready until September. He wants me to take care of his Sub chapter S classification now if possible. The question I have is: This is going to be his first 1120 S return. Should I simply include his form 2553 with his return in September or should I file his paperwork now under Revenue procedure 2013-30 and include the all accompanying paperwork from each shareholder? Thanks for your help. Naveen Mohan
  12. Naveen Mohan from New York

    ATX Max and Drake

    I have used ATX Max for the last 20 years but for the upcoming tax season, I plan to buy both ATX Max and Drake. I know I ca ask ATX related questions in this group. I am wondering if Drake has a similar group where I can ask Drake related questions or the questions that pertain to both ATX and Drake. Thanks Naveen Mohan
  13. Naveen Mohan from New York

    ATX MAX Program Error

    I think I have localized y problem. It appears that I have a corrupted copy of Fixed asset and 4562 form on my ATX Max. Is thee a way for me to get a clean copy of fixed asset/4562 to my computer. I went to myatx.com. I see the link for pATX program and ATX program update but I do not see a link where I can update an individual form to my computer. Thanks for your help. Naveen Mohan
  14. Naveen Mohan from New York

    ATX MAX Program Error

    I keep getting the message "Program has encountered an unexpected error and need to close" I have closed it several time and restarted the program. I have shut down the window and restarted the window but I am still getting the message. Any idea what is causing this problem and how to get around it. Thanks for your help. Naveen Mohan
  15. Naveen Mohan from New York

    E Filing W-2 & 1099

    Does anybody know when ATX will start accepting W-2 and 1099 efiling. Thanks Naveen Mohan
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