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KEYWEST_RICKS

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About KEYWEST_RICKS

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  1. For partnership I found the Sec 199 additional info I think under special allocation tab.....down to line 20 has for w-2 info and basis of property
  2. KEYWEST_RICKS

    myatx

    I cannot get the portal or the myatx web site to come up today. any others with issues? jeff
  3. YES.... IRA BUT ANOTHER THING I BELIEVE HIS STUDENT LOAN INTEREST PAID WITH THIS TAXABLE MONEY IS GOING TO BE LIMITED
  4. Client received a settlement as part of class action against a tech institute along the same lines as the case against Trump University. The majority of which was used to pay of his student loan dept. You all are with me correct that this is taxable income. He received a 1099 and I don't see that there is anything that lets me report this as non taxable income. jeff
  5. as a heads up for anyone else..... this had nothing to do with they type of return filed. I think it was that my cr card on file was not checks as the default card?!?!!? at least that is what they told me. so I go into myatx and make it my default card and that lets my new efiles go through but any that had been rejected..... had to go in and delete the efile form add the efile form to the return again and the create and submit the file again. what an amazing waste of time. the efile denial came from the agency not efc..... there has to an easier way to take care of this situation I swear I think I am walking under a dark cloud these days
  6. all of my returns now reject by the agency with something along the lines of "the header of the return doesn't match..... yadda yadda yadda when I looked this up it seems that this is mostly if you are trying to file say an 1120s when they are expecting a 1065 these rejects are all individual returns................am I the only one?????? jeff
  7. low income taxpayer received an ira dist check dated and mailed 12/30/2016...... obviously didn't receive the check in the mail until 2017....1099 is a 2016 1099... along with withholding. probably not a huge deal except for advance premium tax credit..... now the taxpayer is over 400 percent of poverty.. entire aptc must be returned....which is a huge number. does anyone think I have a snowballs chance of trying to argue constructive receipt and report this on 2017 instead of 2016 I am assuming is would get a notice and deal with that issue when I receive it..... does anyone think I would win in the end?
  8. PREMIUM TAX CREDIT ALT CALC FOR YEAR OF MARRIAGE man....it seems like I am just spinning my wheels!!!! does anyone understand the alt calc for year of mar. for the premium tax credit? I see the publication 962 schedule but this just seems to be sending me in around the block. I have a seriously 15 min return here.... two w-2 and no itemized deductions..... except they both had marketplace for part of the year and got married in july.
  9.  

    PREMIUM TAX CREDIT ALT CALC FOR YEAR OF MARRIAGE

    man....it seems like I am just spinning my wheels!!!!   does anyone understand the alt calc for year of mar. for the premium tax credit?

    I see the publication 962 schedule but this just seems to be sending me in around the block.

     

    I have a seriously 15 min return here.... two w-2 and no itemized deductions..... except they both had marketplace for part of the year and got married in july.

     

    banging my head against the wall

  10. I always work through the 8853 which eventually puts it as non taxable. but also most of the ltc insurance policies I have seen reimburse on a per diem ......so just to be safe I put the 8853 in the return
  11. KEYWEST_RICKS

    Two 1095-As

    can i add a wrinkle to the above post..... single taxpayer received two 1095. which is correct since he switched policies in the middle of the year. however, they over lap for a couple of months. its like one policy waited to long to cancel or the other policy started two soon. so he has coverage and premium tax credit from both companies for two months of the year. when i do as jack says above he owes..... since it is basically saying he received twice the premium credit he was entitled to for those two months. i wouldnt even think that the healthcare.gov would allow them to have two policies in the same month? but that is the way its reported any thoughts?
  12. i say no on this but lets see if i can get any agreement........... have someone trying to convince me that if the scorp buys back its stock and holds treas stock that the s election is terminated. due to an inelig shareholder. i say that the shareholder rules only apply to shares issued and outstanding. i understand that care must be taken to ensure you do not have a second class of stock....... but i think an scorp can own its own stock... yes??? can i get an amen on that or am i out in left field? jeff
  13. sorry to force all of you to be the ones that hear the scream but................. AM I THE ONLY ONE ABSOLUTELY WANTING TO CHOKE THE LIFE OUT OF SOMEONE OVER THE PREP OF THESE 1095/1094 FORMS FROM THE EMPLOYER SIDE!!!!!!!!!!!!!!!!! whew... sorry that is all
  14. I know this has been beat to death in the past but I don't see any posts on this for 2015. am I the only one having this problem with 2015? it used to be annoying a couple years ago but after a couple tries it would go through. no luck with 2015. cannot open the software. am I the only one?
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