B. Jani

you have until April 15 to open a traditional IRA and make contribution to it. Make sure company or bank she open the account should receive the contribution on time. Hope this helps.

I left it to update when open the program. No problem so far with anything.

I have no problem. I transmitted 4 in the morning, 3 at noon and 3 about an hour ago. They all went fine.

Love it.

No work on Sunday. Family time. All call goes to answering machine. That is my vacation.

Did you ask client to check online account and see if 1099r is sitting there? Fidelity and many banks and brokerage are now put all tax documents online and never bother to notify the client.

I think I found home office works better for me this year. I have few clients with 2 to 4 schedule C and now it distribute the expense to all schedule c based on the percentage compare to until last year I use to put all expenses on the higher income schedule C. It has a drop down menus where to forward the expenses. May be another IRS requirement.

I am overwhelmed as seeing snow storm in NY coming tonight. I have no place to put additional 6-12 inches of snow!!!!!!

Or if you are like me who is computer challenged, just reboot it and it works all the time.

Most of my clients are from my insurance business so I do have all the identity info. I only accept referral and new client must provide last 3 years of tax return copy and driver license. If they do not like it, I decline them.

Hello Friends: Using ATX - MAX My client using car for business use since 2003. Always claimed standard mile deduction. The cost of the car was $20871 and he donated the car last year. ATX calculating cost basis as $5218 in Part I of 4797 and calculating long term gain of $15653 which goes to D and then line 13 of 1040. My question is: Is this correct calculation or I am missing something on asset entry. How do I fix this? TIA.

I think MTA needs to be filed if SE income is more then 50k. under 50k, you do not need to file.

What I know as running tax preparation office and insurance office, I hardly have time. But I always check this board to learn because most of the topics remain to the point. I am surprise that Taxed has lots of time on hand to answer every post sometimes more than once. Even though I wish her well.

Even though I am full time financial advisor and insurance agent in my primary job, I only have client from my business. I do not accept any one from street. Only existing client or referral. I am very choosy about who to accept. Have about 75-100 and will keep it that way.

One of my client received NY DTF-960 mail audit for form IT-201 for 2010. Client receive UK pension about $3400 direct deposit in to US bank account. Spouse has NYC pension. I have placed $3400 in line 29 of IT-201 due to other pension. NY decline it and want to charge tax and interest. I talk to them and they want 1099-R for it. UK does not mail 1099R. I explained to NY that other pension is included on line 21 as other income marking UK pension which is rollover to IT-201 line 15 as UK Pension and subtracted on line 29 of IT-201 as pension. They see that but insisting for 1099R. How do I convince NYS? Client has 12 bank statements showing direct deposit but does not want to provide to NYS as proof. Any ideas or any one dealing with this? TIA.

You all are correct. It is very slow.

I got this call today. I said to the girl, I am very happy with ATX and she disconnected the phone!!!!!!!!!!!!!!!

I usually double the price and next year when call me for appointment, I tell them that price went up before setting up the appointment. Usually that takes care of it or come back, getting paid more.

I just faxed one CP2000 notice reply.

I got my letter last week with the apology for mailing me late early renewal invoice but took away the 10% discount with all info you mentioned. I just discarded it.

No It does not. I thought the same. But this is a simple trustee to trustee rollover. Finally MetLife accepted the error and fixed both 5498 and I got the fax and they promised me that will send electronic confirmation to IRS. I will reply to CP2000 with the copy of corrected 5498 and hopefully IRS will close the case and reverse the tax, panelty, early withdrawl penalty etc amounting to 6+K. The point in all this is that if client read the mail would have probably avoided the situation. People at Wells Fargo who issued 3 1099R are still do not accept their mistake eventhough there computer and statement shows that only 16k was rollover and account closed.

It is absolutely true that client should open their mail marked important tax documents. I just got the new client due to CP2000 notice for 2011 and upon research found that they rolled over IRA directly from WellsFargo to MetLife. Wells Fargo issued 1099R with code 1 (eventhough it was a trustee to trustee transfer) and on top of it, the rollover amount was 16k but the 1099R shows 20k. (client whould have cought it if read the mail) When I told the client to go to Wells Fargo to correct the 1099R from 20k to 16k, Wells Fargo is giving him run around and do not accept that they transfered only 16k and not 20k. On top of that, the accountant who did the tax return ignored 1099R completely but did staple with the tax return copy. What can I say??????????????

I always use certified mail instead of 1st class or Priority. So far I am lucky that I can track online and never had problem.

I also use Kodak ScanMate i1120 duplex and work like horse. It works fine with W-7 Professional i have.

Thanks for the reply. I came out with the same option. What happens that due to 1099R, ATX MAX creates 8606, so i deleted the 8606 and put the total amount to 15A for matching purpose. That took care of it.