Was there any payroll form (941) not filed? Or they may be missing. I have had IRS Agents visit client for 941. Once the forms were faxed everything was fine.
I have had a couple of clients that had to send that in2012 and 2013. called Priority line and sent all the items. the refund was cleared after 4-6 weeks.
If you have selected AOC and you are out of EdExp worksheet ATX automatically adds 8863.
Actually it automatically adds forms based on your selection of credit, but you need to get out of EdExp worksheet.
Has any of your clients received LTR 5071c..?
Client received the letter that states to log on to idverify.irs.gov or call a number to verify your identity.
it is a $1M property and has mortgage and Interest payments along with depreciation.
Rental Income is around 30k for 8 months.
Myquestion is if the owner was living in the property for 4 months, can they not take any losses..even suspended..?
Client was living the home until April and started Renting on May 1st. Sch E has a loss of around 20k.
ATX calculates as current year loss for personal use / Vacation home as Non passive.
am I missing something here.? or is that correct.
I don't recall that we cannot charge. However you may want to check your state. I think some state considers as taxable (sales Tax..?), There may be sales tax you may have to collect and pass it on to the state.
I Installed the Network Version on the Server (Serverand client) first.
I than installed on a workstation (Client version only). No issues.
Installation is the same as last year.
Rolled over a fewreturns (1120S/1065/1120 and 1040) no issues. Recevied server retry a couple of times on the workstation.