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JRS

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Everything posted by JRS

  1. One return is not a problem. I don't think they are even checking for the "new" ptin requirement. >>Any thing special about CA?<< Where do I start!!!!!!!!!!!!!!
  2. >> I'd wait until after 18 April << I agree.
  3. ATTN: Tax Professionals The IRS today released information on processing issues that are impacting a small percentage of tax returns involving repayment of the First Time Homebuyer Credit (FTHB), primarily involving 2008 home purchases. While most of these returns are processing normally, the IRS recognizes the hardship caused by delayed refunds and it has assigned additional staff and resources to address the issues promptly. 1. Married Filing Joint taxpayers who received the FTHB credit on a 2008 purchase The IRS projects that some of these taxpayers will receive their refunds as soon as April 5 and others the following week. 2. Taxpayers who received the FTHB credit and are now reporting the sale or disposition of their home The IRS projects that taxpayers in this situation should receive their refunds by the end of April. 3. Taxpayers who received the FTHB credit and are attempting to pay back more than the amount required (typically $500) The IRS projects that taxpayers in this situation should receive their refunds by the end of April. The time frames above assume there are no other issues impacting the taxpayer refund, including federally mandated offsets to refunds. It is important to note that taxpayer returns claiming a home purchase in 2010 are not affected, and those returns are being processed as are the vast majority of other homebuyer returns. Additional information is available on IRS.gov. Because the IRS is aware of the issue and working to resolve it, taxpayers do not need to contact the Service regarding this matter. The IRS apologizes for any inconvenience.
  4. I list F/S/J on all my 1099's. I have a few clients with separate accounts along with joint accounts.
  5. JRS

    HSA form

    Phillp is right. Enter the dostirbution on line 2 of the "statement." It should flow from there. Hope this helps. The distribution should enter on line 14, then enter the medical expense (the distribution)on line 15.
  6. "but ATX's portal (to Intelliconnect, too, for instance) won't accept anything but Windows' Internet Explorer." I just ignore the "IE" requirement and go on through with FireFox or Chrome, with no problems.
  7. JRS

    NT - Virus

    You should be able to remove AVG Secure Search be using add/remove. I have been using Microsoft's security essentials. I dumped AVG when it screwed up my computer with a bad update. I went to Avast! until it crashed a program with a bad update. The link below is a repeat of what I wrote. http://answers.yahoo.com/question/index?qid=20101028154644AAgmLBQ
  8. And I thought she was going to talk about a client.
  9. JRS

    Program updates

    New version is 2010.4.5. (At least mine is.)
  10. JRS

    Program updates

    Same version - 2010.3.6. My concern is when I update and the response is "some forms were not available for download"? and that is all?? :scratch_head:
  11. AND, I thought it was hard trying to explain Ca only has three estimated payments. I wish you luck.
  12. JRS

    program updates

    "I'm having the same experience. Everything seems to be working OK here also." Same. I checked ATX and the Website says last program update was 2/23! I know I have had at least one since that time, K-1's were not flowing and C/S said a program update was in the works and it happened without a restart.
  13. JRS

    Clients

    Great, I have already sent to two of my clients (close friends)that had THAT broker. As an aside, isn't the male voice, the voice old ATX used in the interview?
  14. On the drop down menu for foreign country, in a most unlikely place, after looking through tons of countries you have never heard of, is "other county OC."
  15. Straight JD Single Barrel works the best, especially after the last client of the day.
  16. I wish I did. I talked to ATX a couple of years ago and they said no way. Hopefully, someone can come up with a way. I can really use this.
  17. JRS

    PTP"s

    I don't know if this is just a glitch in my software or overall in ATX. Losses on the 1065 K-1 for PTP's are not going anywhere. Gains seem to flow correctly. ATX is working on it for me and are supposed to get back to me today. Customer service was fine. The person who took my call, realized he was over his head immediately and had an upper level tech work on it. No immediate correction or fix, but I felt OK about the responses.
  18. JRS

    ADR

    American Depository Receipt. This is a foreign company traded on a U.S. stock market. This particular company is based in the Netherlands. You handle it like any stock sale, nothing (normally) too complicated.
  19. JRS

    Form 8300

    "Who must file. Each person engaged ia trade or business who, in the course of that trade or business, receives more than $10,000 in cash in one transaction or in two or more related transactions, must file Form 8300. Any transactions conducted between a payer (or itsagent) and the recipient in a 24-hour period are related transactions. Transactions are considered related even if they occur over a period of more than 24 hours if the recipient knows, or has reason to know, that each transaction is one of a series of connected transactions." To me, the key word in the instructions is cash. That does not appear to be the case in your post.
  20. JRS

    Gold bullion

    This is also why I am not really happy when a client brings in ETF's. Some contain straddles, K-1's, and metal ETF's. The client really gets upset because they were "such a great investment with little or no downside in this market" when I tell them this year's tax prep fees are probably going up a $100.
  21. JRS

    Gold bullion

    Gold, silver and other metals are considered collectibles. This must have been decided back in "the dark ages." If you go to the SPDR Gold Website, you will find this in the fine print. You will also find that the primary exchange is Hong Kong even though it is traded on the NYSE. "The Gold Shares represent fractional, undivided interests in the Trust, the primary asset of which is allocated (or secured) gold."
  22. Blind "Enter 1, if both... enter 2" Long night for me, too!
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