Naveen Mohan from New York

I filed a 1040 tax return through Drake system on March 31, 2021 and I got "accepted" status back. Client still has not gotten his refund back so today I went to "Where is my refund" page of IRS and I have entered client's SS number, filing status and expected refund and IRS system is unable to locate the return. How do I go about locating this return. What are my options here. Thanks for your help in this matter. Naveen Mohan

I am trying to input a 1099 MISC where I have social security number instead of an EIN for payer's TIN. How do I make system to accept it as a SS number. It keeps formatting to EIN format. Thanks for your help Naveen Mohan

Has any body else has trouble in transferring MA Research credit to main MA 355 form. It appears Drake has changed the program on this topic from last year.other. Last year you used to compute credit on Schedule RC then on schedule CMS-1 you used to enter the amount you wanted to use in the current year and balance went to the back of Schdule RC. This year if you use CMS-1 you get efile error message that all research credit must be entered in schedule RC but if you do not use CMS-1 then error message goes away but along with that this year credit taken goes away too and dollar amount changes to the original amount. I tried reaching drake's MA programmer but email keep bouncing back and their regular rep has not been able to resolve it. I am not sure how else to resolve this problem. Any help in this matter will be greatly appreciated. thanks Naveen Mohan

I have a situation where wrong routing number was entered in 2019 Form 1040 tax return. The direct Deposit failed and IRS is mailing a paper check. Is there a way to rectify this error so that stimulus rebate check gets direct deposited. The reason I am concerned is because IRS is going to copy banking information from 2019 tax return for the direct deposit of stimulus rebate check. Thanks for your help. Naveen Mohan

I am hoping to file my 1099 electronically this year. Long time ago I had setup for my TCC number. Today I tried to log in to my FIRE system. When I logged in, it asked me to change my password. I did that and then it asked me to change my ten digit pin. I simply do not remember what pin I had created when I created my TCC number. and there is no "Forgotten Pin" symbol in the FIRE system. What are my options here because the system also say that I cannot apply for a new TCC number. Thanks for your help. Naveen Mohan

I have a Massachussetts C corporation that has a nexus presence in the state of Maryland but it has not had any sale in Maryland. Is it still required to file a Maryland corporation tax return. I never have encountered a situation like that before. Thanks for your help. Naveen Mohan

I have a client who formed a LLC in New York State in August 2018 for the purpose of owning a commercial property and IRS as part of issuing an EIN by default assigned it as a partnership. However there is only one member in this LLC and no body did anything to inform IRS that it is a disregarded entity. This is the first year for this LLC. Can I simply file a schedule E or do I have to do anything different to advise IRS that it is a disregarded entity and not really a partnership. Thanks for your help. Naveen Mohan

I have just tried efiling my first S corporation tax return but Drake system gave error code 0014 QBI adjustment required and the message said: The adjustment will be made available in the software early January. It is recommended the return not be filed until all QBI adjustment are reported. I am confused because Drake also said that they have started accepting business return on January 8, 2019. I called Drake customer support and all rep said that Drake is still working on the issues but she could not give me any timeline. Has anybody else run into this problem. If so how did you get around it and what type of business return are going though the system right now? Thanks for your help. Naveen Mohan

I am doing a 1120S deduction and I cannot find a place in drake software where to enter QBI information for K-1. A poster in ATX said that it should go in code 17 V,W,X,Y,Z. I cannot seem to see those field when I open K-1 sheet. I see the tab for K-1, overrides, Basis WKS and Supp Info but no place where I see code 17 or a place to put wages subject to 199A? How do I complete this K-1 for QBI Information. thanks for your help. Naveen Mohan

I am trying to do Drake practice return efile but I cannot seem to get rid of red x under efile. I am getting message: ALTERNATIVE E-SiGNATURE MISSING: You are not set up to sign electronic returns using the 8879 or Alternative E-Signature. However I have gone to Setup>Preparer screen and in the Return Signature option. I have entered my five-digit pin and I have first checked Alternative E-signature then I tried checking 8879 box and finally I tried checking both boxes but I still keep getting the same message. I am not sure what am I doing wrong here. Thanks for your help. Naveen Mohan

This is going to be my very first year with Drake. Igot stuck in loading drake program in my new window 10 computer and I called Drake and asked if they could access my compute through Team viewer to help me understand what am I doing wrong. The customer service rep said that Drake does not provide that service. I am curious because ATX did provide that service and when I used intuit, intuit also routinely offered to access my computer to see what I was doing wrong. Is it case of miscommunication? If not how do you resolve problems with Drake when you cannot figure out what you are doing wrong? Thanks for your help Naveen Mohan

Normally upto $ 250,000 gain on the sale of primary residence is exempt and not even reported in a tax return. I have a client whose 83 years mother sold a trailer in Kentucky for $ 80,000 but the lawyer handling the transaction has issued a 1099 for this sale.. Normally she is exempt from filing a tax return because all she has is social security income. How do I handle it. Should I file a tax return for her. If so show do I report this on schedule D? Thanks for your help. Naveen Mohan

I have just purchased a Dell desktop with Window10 professional. This evening I tried to load Drake18 program. Window10 will not let me install it. The following message came up. The program downloaded OK but when I tried to install it is saying that this app can't run on your PC. To find a version for your PC check with your publisher. What am I doing wrong? Thanks for your help. Naveen Mohan

I just bought a dell dimension desktop with window10 professional and I have discovered that my old Fujitsu Scansnap S510 scanner is mot compatible with Window10professional and Fujitsu does not support that old scanner. I am wondering if someone could point me to a budget friendly multifeed scanner that can convert my documents to PDF. Thanks for your help. Naveen Mohan

I am thinking of buying a new desktop but I am not very knowledgeable in computer hardware. I am a one man shop in upstate NY and I do just about 25o returns. I have narrowed my search to two desktop at Costco and I am wondering if somebody can help me to figure out which desktop to go for. I am hoping to get few years out of new Purchase: HP ENvy 795 This was highest rated in consumer reports. It has 256 GB SSD + 1TB hard drive 32 GB RAM, icore7-4 GB Graphic Window 10 home and it is on sale for $ 1,099.99. DELL XPS 8930 Tower It has Core I7- 8700K GE Force GTX-1080. 512 GB SSD Drive +2 TB hard Drive 16 GB Ram, Window 10 professional, Blue Ray Writer and it is selling for $ 1,699.99. My problem is I donot understand computer hardware. so If somebody could help me decide I will really appreciate it. Thanks for your help. Naveen Mohan costco desktop computer comparison.pdf

Reset password is showing in my 2017 ATX Max but it is not showing in my 2016 ATX max

For some reason, I cannot seem to log onto my 2016 ATX Max and there is nothing on the screen to reset admin password. I am one man shop so I am both admin and user. Is there a way around for me to reset the password? Mu username password are working OK in 2017 ATX Max. I did not renew my ATX Max this year because I have bought Drake. Could that be the reason that they have cut my access off from my 2016 ATX Max? Thanks for your help. Naveen Mohan

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

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

Thanks Judy. I will try it

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

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

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

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

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