joanmcq

You'll have to go into the W2 worksheets and mark any W2s (and any other documents) that they aren't taxable to PA. Pain in the butt.

Client was mistaken, the contributions he thought he made for the last 3 years (all of the nontaxable contributions) and were marked in his organizer, he did not actually make. They were contributions to his taxable account. So do I just delete the 8606? Mark the basis as zero and file it?

I’m using a Brother and it has been a decent all in one.

I have. And I get the result above. the question may be moot; it turns out my client did not make contributions the last 3 years.

Taxpayer has made $18000 in nondeductible IRA contributions. He’s 72 but still working and $6000 was made for 2021 (but I’m not sure if it was made in 2022 or not. Sending an email). Anyways, if box 4 is zero, it uses up all of the basis in the IRA this year, since the RMD was over $18000. If I put $6000 in box 4, none of the RMD is non taxable. Shouldn’t the non taxable portion be a fraction of the amount?

So far two of my 3 clients with household employees have rejected by the IRS. I have filed all three successfully in the past. The reject code says the employer EIN must match what’s in the IRS database. Has anyone else had this problem and what did you do about it? Am I forgetting a box somewhere? Is the IRS database full of cockroaches?

In Atx, click on SE retirement deduction. It’s on page 2 of schedule 1 of the 1040. You’ll be taken to a worksheet that can calculate all the types of plans.

June is no good for me. College reunion, then a trip with my sister.

Haha, same here!

If the LLC closed in 2021, then the 3522 was issued in error.

I’ve never been able to have ATX stop an efile. Never thought it could be done.

Try to file it, lol. Another question: how do you efile the c-corp extension? Set up a second file?

I sent it a second time and it accepted. I have no idea why it rejected the first time.

Was it a purchase of assets or a purchase of stock?

Have you gotten any to file?

Margaret, did you get the return to efile? I just had one reject and it said I had to attach the Sch B and something else and 951A must not be checked. Thing is I did attach the Sch B! None of the other things mentioned were applicable.

What if you add on to your existing solar array. I’m thinking of adding a battery backup.

Hey Lion, the other 2 S-corps I filed extensions for (that I’ve been efiling for years) went through fine. This one formed last year and I had the same issue with the 2020 filing, but I filed the 2553 with the return.

Should I mark on the 2553 that it was done in a prior year? And attach the prior year 2553?

I haven’t had this problem in the past. But I mostly file CA.

I do not want to subject this to a paper file right now!!!

Client formed a corp in Nov 2020 & thought she had elected S status. I found out last year when I tried to file the extension, that S hadn’t been elected. No problem, filed late 2553, return e-filed, all is good. this year the extension was just rejected again because it’s the wrong type of corp, just like last year. Seems the 2553 still hasn’t been processed? Got lost? Was rejected and they didn’t tell us? Should I file the extension as a c-corp? should I file another 2553? File the return right away with 2553 (since that’s the only way it’ll e-file)?

And the answer is...there isn't one! I neglected to see that I didn't give enough info regarding what kind of penalty, etc. Now I could say I sprung out my back and was loopy from muscle relaxers, but that's just whining, isn't it

I think it was the 8965.

that calculates the penalty (which doesn't apply for 2021). I can't remember the number and I can't find it by scanning the federal forms. Has it been discarded for 2021 or what's the number?