DevM

Client was set up as a sole proprietor and has moved to a different state. Did not start another business until this year. New Business ins under S Corp. Previous accountant has depreciated everything so all of it is Income..?

Having a brain Freeze.. Client had a business (Retail store) and did not own the building. State condemned the area to expand for highway. State paid to the client $$$ for Business damage. Landlord paid $$ to break the lease. Client incurred attorney fees and so on. Is Business damage $$ taxable..? and how about $$ from landlord for breakage of lease..?

Tom, go to eservices if you are registered and update. If not you can register there and update. It is fairly easy and can be done very fast. Devm

Happy B'day Eli and many more to come. Devm

I just finished Part I and Part II.(Passed in first time) Have to take Part III. Probably early summer after the season. I think IRS says around 2 months after filing all necessary forms. Devm

I have printed a lot of W2s from ATX software and have not seen any "VOID". Where do you see this..?

Has anyone ordered CWU from TRX and received a copy..? I ordered it thru TRX and as of today I haven't received it. Called TRX and their answer is to contact ATX as ATX is shipping everything. Called ATX and says I need to contact TRX. Devm

Thank you every one. Devm

I ordered thru TRX and am not having the same problem. I rolled over a return without problem. Also created a new retrun and no problem. although Dep. history is gone. Still reviewing the rest. Devm

She will be subject to NY State Tax and will need to file IT203 (NY Non-resident) return. When she files NJ return she will be able to claim credit for taxes paid to NY on NJ return. Devm

Jainen, Thank you for the response. I spoke to the client and that's the way I explained to him. He is going to talk to the Employer about it. Actually for this year the Employer has alreday deducted SS/Med for this year. He is not planning to move away from the Employer. Once again Thank you. Devm

W2 is for Employment. Originally client was on OPT so no Ss/ Med. for 2007. In 2008 client recevied green card. Client informed the employer and provided copy of GC. Employer never corrected their records acordingly. Client questioned the original W2 after filing taxes why SS/Med were not deducted that's why client received W2C with Box 3 and Box 5 filled in. Devm

Hi, Filed a Tax return for a client where NO Social Security or Medicare was deducted. Now Client recevied a W2C which has only amounts in Box 3 (Social Security) and Box 5 (Medicare). Still nothing in Box 4 (SS Tax withheld) or Box 6 (Medicare Tax Withheld). I am trying to fill out Form 8919 and amending the return. Is this correct..? Devm

I see this as 3 different entities. S Corp should pay rent to LLC even though he owns both. If LLC has a different EIN it should shouw on Sch E. He should Expense the RENT in S Corp and needs to show Rental Income on Sch E. Devm

Thank you all for responding. I have asked them to send me a copy of partnership agreement so I can review. Once again Thank you. Devm

Hi, I know if there are two partners and one of them wish to get out of it, the remaining partner would need to get a new EIN and it would be considered as disregarded entity, but if there are five partners in an investment partnership can one partner sell his/her share to someone new?

I just transmitted and also pulled in a bunch of ACKs. No problems here. Devm

I would just open the return & goto K1 for that partner and click on print page. This way you will only get one partner. Have done it many times. Devm

Yes. I also got the email. Funny though that I also got a call from TRX which gave me a price of $699 for ATX. Devm

I am in NJ and have been e-filing with ATX for the last few year without any problems. No need for NJ8879. Devm

FORM 8582 is needed only if you have a LOSS to report. Devm NJ

I have everything on the server. The only thing I do from the server is to update the program. (occasionally I might do Netsetup for workstations). All rollovers, dataentry, printing and efiling is done from my workstation for the last 2years and haven't seen any problems. I have also checked the efile'd returns under E-file manager tab on the server and shows the same as on my workstation. PS: (Efile is done only form one workstation and not ALL workstations) DevM

KC is correct. It is 3 users and not 3 computers. Last year when I replaced my laptop, I just installed again and imported all tax returns for all the years without any problems. I have ATX on my server, desktop and laptop. Devm

I don't know the answer to taht, but I always rollover from workstation and never had a problem. Devm