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Yardley CPA

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About Yardley CPA

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    ATX Master

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  1. https://www.journalofaccountancy.com/news/2021/feb/tax-provisions-american-rescue-plan-act.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=01Mar2021 Tax provisions in the American Rescue Plan Act By Alistair M. Nevius, J.D. February 27, 2021 The $1.9 trillion stimulus plan passed by the House of Representatives early Saturday contains many tax provisions, including a new round of economic impact payments, a tax credit for COBRA continuation coverage, and the expansion of several other tax credits. The House passed the bill, the American Rescue Plan Act of 20
  2. If I get yelled at for not attaching the pdf, I'm implicating you as well Abby. Just be forewarned!
  3. Thank you both. I'm going to attach a pdf of the 1099-B to the return which shows each transaction. Appreciate the responses.
  4. Client with 25 stock sale transactions listed. All have the necessary information to populate Schedule D and 8949. There are no adjustments to any of the transactions. Can I use the grand total figures and show one entry for the total amount of proceeds and one entry for the total cost on line 2B or must each be listed separately?
  5. Is there an "Access Account" that allows you to view client information as the tax preparer?
  6. In addition to the negative number on the "Other Income" line, can you attach an explanation to the return describing the situation and the reason for the negative number?
  7. I believe there is a schedule on the form that allows you to input the extra $1,000.
  8. What exactly does the secure access allow you to do?
  9. I have used eSign for the first time this year through ATX. While it's a nice feature and has worked well the few times I've used it, it can be a heck of a lot better. As far as I know, there is no way to customize what is sent to the client. After you click the eSign tab and go through a couple quick questions, the process is taken over by ATX. ATX (or Docusign) sends the client a confirmation email that ensures the client authenticates themselves. Once authenticated, the client is provided with a copy of the return and signature forms. I receive a confirmation email that the documents
  10. Should these legislations become law (sounds like it already is in Maryland) we would file an amended return for any filed before the official proclamation?
  11. Thank you, Possi...that's my understanding as well but wanted to make sure I am not missing something.
  12. Just making sure I am not missing anything. Single client was laid off during 2020 as a result of COVID. She filed for and received unemployment benefits during the year and received a 1099-G. These are not additional unemployment benefits, they are just her initial, normal unemployment benefits. From a federal perspective, those benefits are considered taxable income, correct?
  13. I've received that message and still attached the file. I had no issue with it successfully going through. I would attempt to attach it and try e-filing.
  14. It was on a personal tax reporting statement, no trust. Based on the information provided it seems like some type of interest or dividend and that is why I wanted to seek input on here. I never saw this before either. I'm placing it on Line 8 and moving on.
  15. Hopefully the new administration will follow the lead of the previous administration when it comes to this. Even an additional month would be useful.
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