Tax Prep by Deb

Does anyone have a work around for the following e-file error:

2847 CA 568 Depletion, Depreciation, Amortization

Depletion, Depreciation or Amortization information has been entered for an LLC  form 3885L is not supported for efile in this package at this time.

Doesn't seem right to me.  Prior tax preparer with other software had no problem.  Anybody know a work around?

It's a new client I inherited and the previous preparer (different software) was able to thru their software.  Anyway I am just going to go thru the FTB website.

I have been trying for the past couple of days to set up an automatic withdrawl for an S-Corp (California) to have the 800.00 franchise tax fee taken out, but I must be doing something wrong.  Can someone walk me thru the process?  The voucher is created, and all the banking information is inputted, but it does not show it is set up to come out.

Any help would be greatly appreciated.

Released today!  Thank You!

Anybody have an idea when the CA 540NR form will be released for e-file?  I have three that I need to send but are on hold for now.

Thanks,

Deborah

I have some going back to February of last year still processing.

2 hours ago, BulldogTom said:

Me too.

Tom
Longview, TX

Me three!

Looks to me like they applied the ctc for the child under 17 (2000.00) first to the taxes owed, then the balance owed to the dependent over 17 (120.00) leaving the tax at zero and no refundable credit.  

Thanks Tom,

I just had a client get more money and I thought it was a mistake, but your explanation explains the whole thing.  Thanks!

My client went ahead and paid what was owed, then about two weeks latter she received a check for exactly what we were expecting as well as for what she had paid.  I was able to reconcile it to the penny!

I also have a client in the same situation.  For now all I could tell her was to go ahead and pay the small amount owed and hope IRS takes the payment into consideration when refunding.  My fear is it will take them way to long to straighten this out that she will keep getting letters and finally IRS helps themselves to her money.  All I can say is what a mess!

As to not getting the second payment, many were sent debit cards and mistook them for junk mail and discarded them.  It's possible this is the case with your clients, so perhaps starting a trace is the way to go.  Just a thought.

But the modified AGI for ACA reconciliation is causing a reject as of last night.  Hopefully this gets corrected soon!

17 hours ago, Tax Prep by Deb said:

Drake has now corrected the problem with California and it is flowing correctly now.

But I ran into a problem with the modified AGI for the ACA reconcilliation.  A return rejected because of a mismatch.  Hopefully this gets fixed soon!

California seems corrected as of this afternoon.  

Drake has now corrected the problem with California and it is flowing correctly now.

6 hours ago, cbslee said:

 Drake has updated their software with the UCE worksheet and my understanding is kaput!

Yes Drake has updated their software but only for the Federal.  I have an issue where here in California Unemployment is not taxed therefore an adjustment is made, now with the adjusted federal AGI it's as if though California is being adjusted again for the 10,200.  As was stated earlier you are going to have to watch your state returns very carefully.

Thanks for the headsup.  California doesn't tax any unemployment but I will double check to make sure it doesn't  adjust it out again.

Drake

All of mine have gone thru.  It's a little slower than normal, but all are processing.

I have also struggled with this form.  With Drake they have a way to input each household member the same way the Federal did when the penalty was charged.  Even so you have to go thru all the hoops and end the end the client's I have that was affected by it, had low enough income it wasn't assessed.  I still had to go thru the motions.  Not really liking California this year!

I received my first batch of federal accepted e-files yesterday evening and a few more came in this morning.  Looks like they opened up early, at least for Drake!

I love Drake!

1 hour ago, Lion EA said:

What does your Notice 1444-B say?

My mom got one but I never got a notice for either payments.  Chances are good one was never sent.

I have had no problem getting email notifications for downloads or uploads.  Might want to. Heck your spam folder.  What I have found is the need to refresh the page sometimes as it seems to get stuck and not showing something has been downloaded.  Overall I am happy with the changes, just takes some getting use to.

If logging in to the portal there is now a check box to trust this device.  Selecting that by passes the second authentication.  I believe this has just been added.