Slippery Pencil

Yes, the conversion rule.  Forgot about that.

There's an exception for 1st time home buyer up to 10K.

Withdraws up to basis are tax free.

If they had another ROTH opened more than 5 years ago, they meet the 5 year rule.

19 hours ago, weaverdoan said:

Do you attached forms 1099-B to the return?

No, never.  Around 2003 I stopped attaching brokerage statements.  Prior to that I typed "see attached" w/ "various" for dates and totals in the proceeds and basis.  After 2003 I put broker's name for the security instead of "see attached" and stopped attaching statements.  When the 8949 came out around 2010, I started using code "M" and never attached a statement.  Thousands of tax preparers around the country never attach a statement. 

Broker's name, no dates, code "M", no pdf attachment, no 8453

On 2/20/2022 at 5:44 PM, jasdlm said:

'this is squash'.

Her note should have said, "don't call the cops".  Then when the cops' chemical analysis came back that it was squash, she could have said, "I told you not to call the cops".

5 minutes ago, Chowdahead said:

I have never seen a major state form not be available 3 weeks after filing season starts,

Seriously?  That seems par for the course w/ ATX. 

On 2/2/2022 at 5:22 PM, Gail in Virginia said:

I got that same message, but when I went to home and logged in, then went back to that link I saw the community board just fine.  I still like this one better. 

The ATX website works as well as the ATX software.  I've had numerous problems with it throughout the years and sometimes doing stupid stuff like this works.  Surprisingly, I haven't had problems with the website the past few months.  Was even able to purchase the software with the advertised discount off their site instead of over the phone for the first time in many years.

Reimbursements from healthcare sharing ministries are not taxable income. 

If they made excess HSA contributions then withdrew the excess, there's nothing to be concerned with. Why did the HSA even allow the deposits?  One year my credit union ignored my instructions and recorded my April HSA contribution as a current year contribution instead of a prior year contribution.  When I fully funded the HSA later that year for a current year contribution, the credit union called me and said I couldn't deposit over the limit.  They eventually corrected their mistake and allowed the contribution, but the point is that they wouldn't make a deposit that exceeded the limit.  Are you sure the account was a HSA?

This one https://community.atxinc.com/forums/default.aspx?GroupID=9?

Haven't had any problems accessing it.

Voicemail, if it isn't already included in your monthly phone service, tends to cost $5/month.  A quick google search indicates some answering services charge by the minute at $1-$2/minute.  Others charge a flat monthly fee, starting around $30/month

Every time I made a call answered by an answering service, the service was completely useless.  Many of these were for doctor offices.  The service didn't set appointments and only said to call back during business hours.  Once when I called to cancel an appointment, the message was never delivered to the doctor's office.  From what I can tell, an answering service will cost you 10 times the cost of voicemail and unlike voicemail, be completely worthless.

On 1/24/2022 at 4:24 PM, TAXMAN said:

all gets plowed under in garden

Bleached paper, plastic toner.  Not stuff I'd want in the garden.

3 hours ago, peggysioux5 said:

Do wages only show in the state portion of the W-2?

They're not federal wages so they definitely don't go into the federal wages box.

A client made an $8000 extension payment using Direct Pay on 5/17/21.  The wife made the payment and used her social security number.  The irs didn't credit the payment to their account. 

Return efiled 6/6/21.  Irs sends letter 7/5 saying client owes $7120.  We write back with Direct Pay confirmation & proof of bank transfer.  Irs sends letter 8/9 stating client now owes $7160.  Client is very nervous.  Client gets more nervous when they can't get through to irs on phone.  For some reason, when I tell client the irs is about a year behind in opening mail, they get more nervous.  Client wants to pay amount to stop further notices.

We write irs telling them if they opened and processed their mail, they wouldn't be sending us this 2nd notice; however, to end this futile process of receiving IRS notices and sending replies that go unprocessed until the IRS levies client's bank account for tax they don’t owe, here's a check.  When you bother to get around to processing this and our previous correspondence and realize you screwed up, apply the $7200 overpayment to the taxpayer's 2021 account. 

On 1/3/22, a mere 4.5 months from our second letter to the irs, the irs sent a letter, account transcript, and refund check for $7240.  Maybe they are catching up.  Or maybe this was just a lucky fluke. 

I don't believe it does.  At 1400+ returns, you shouldn't be considering top tier software, not bottom tier software like ATX. 

It's 30 minutes of inactivity for the program to log out. 

On 9/3/2021 at 9:37 PM, Sara EA said:

I firmly believe that licensing will improve accurate filings.

Of course it will.  Just like licensing gets bad drivers off the road and has eliminated corrupt builders.  It's amazing anyone opposes this.

On 9/24/2021 at 7:14 AM, Yardley CPA said:

there is no question it will increase taxes collected

I seriously doubt that

On 9/23/2021 at 10:10 PM, WITAXLADY said:

they will charge you $5 probably

$5.25.  No probably.

Not if it was filed timely.

2017 due 4/15/18.  3 years is 4/15/21 (extended to 5/17/21 due to covid)

51 minutes ago, Marie said:

Sara's firm?  where is that thread?

https://www.atxcommunity.com/topic/25952-first-monthly-ctc-payment-15-july/?tab=comments#comment-182468

I think there use to be a joint checkbox, but not anymore.  You have to split on 2 Sch Cs.  I can't remember all the methods I've seen people say they've used.  Obviously one method is to put half of everything on 2 separate Cs.  One is to put 100% on one Sch C then enter an expense item for 1/2 the profit, either under subcontract or a miscellaneous expense or labor in COGS, then put that amount as the sales amount on the 2nd C.

$1 won't work.  The error says the income has to exceed the $1026 withheld.  If you don't want to add $1000 to unemployment or miscellaneous, you could add $1000 as a qualified dividend or a ROTH distribution.

Did you use those sites to look for trip info?  If so, since it's asking a y/n question, are there y/n options to answer it?  If so, click on no, don't X out.

On 5/30/2021 at 8:44 PM, Pacun said:

Make sure you treat your work machine as such. Do not install anything that is not work related, don't have those cool screen savers, toolbars and other programs. Do not open multiple clients or don't open ATX for 2019 and 2020 at the same time. Close all unneeded programs while doing taxes.

If you have to do all that, you should use a different program.

I'm not going to get a single call on this.  I informed my clients of the bill in congress and they all decided to wait to see if it passed.  If preparers didn't inform their clients of the situation and went ahead and finished returns, it's hard to feel sympathetic to any problems they brought upon themselves.