TonyP

Still, waiting, last week they (ATX) said it will be out by February 16th. IRS had this Form approved for efile last month (in January). Now I have five returns with an 1116 wating for approval; I can't even get the from to paper-file the tax return. What's going/not going on within ATX??? I wish we had the old-ATX.

It's another form of Interest, goes in the Interest input tab/window. I just add a suffix (OID) to the name of the payer to differentiate; e.g., Morgan Stanley-OID

Joel, I haven't heard or seen anything in the Stimulus Bill to be signed by Obama this week that will provide a new rebate on 2008 tax returns based on the 2009 Tax Law. What I recall seeing is something like a withholding adjustment equating to $500 per individual or $1,000 for joint return filers. That rebate was/is to be taken through a reduction of withholding rates for W-2 filers or possibly from withholdings in pensions. I haven't seen anything that would allow a rebate as was done on 2007 tax returns, maybe I missed something about a new rebate that would work just like the last one.

Sorry, it's coded as "disability income" code 3. She filed and received a rebate last year. Since the 26,000 is coded as 3-Disabilty Income, it seems that she doesn't need to file a tax return for 2008; no rebate/stimulus is involved in 2008. Am I correct in this determination?

I have an elderly client (over 65) who receives Social Security, two Pensions reported on 1099-Rs, and a small amount of interest income. One of the Pensions is $7,000 all of which is taxable. The other Pension has 26,000 as a Gross Distribution (Block 1) and zero (-0-) in Block (2a) taxable. The code on that pension is "3" , a death benefit. The client has no withholding credits, so it's a no-refund tax return. The question that I have; is this client required to file a return? Social Secuity income is not counted in the Gross Income determination for filing a tax return. However, does the non-taxable 1099-R pension counted/considered in the Gross Income test for determining if a return is required to be filed? If it is excluded like the Sociial Security income, then my client is not required to file,.. if it is not excluded then she is required to file. I'm not sure if it's excluded or included.

OK, I'm not a frequent visitor to this board, kinda busy preparing tax returns, but who is Mel? And what is he trying to do?

Got this in an email from a friend of mine, thought it would be appropriate to share. TOP TEN SIGNS YOU HAVE A BAD TAX PREPARER 10. They ask if you want fries with that refund. 9. IRS auditors have their own parking spot. 8. Overhear preparer muttering to himself, "What would Bono do?" 7. Corporate motto: "Never Convicted!" 6. Preparer calculating return by stamping out numbers with his foot. 5. In parking lot, IRS agent comes up and asks if you wouldn't mind wearing a wire. 4. Notice they are doing your return on an Etch-A-Sketch. 3. When guy's done with your return, shakes a bag of chicken bones at it to dispel evil spirits. 2. They can replace your muffler at the same time. 1. They have a frequent guest punch card from the folks at "Sixty Minutes." Well, I got to admit that ATX hasn't been what it was this year, I'll probably be looking at something else next tax season. :angry:

Have a client with a Partnership K-1, he's a limited partner in a PTP (Publically Traded Partnership). I realize that I should check the box that it's a PTP, however should I also check the box that it's a passive activity? The K-1 shows an ordinary loss with some interest income, the interest income flows to the Sch-B but the loss is not allowed. Also what happens to the unallowed loss? Is it allowed in subsequent years if the client gets ordinary income from the partnership and/or are the unallowed loss used to increase basis whenever the client sells his interest?

Why am I always prompted by the program to load the ATX CD-ROM when rolling-over a client's tax return fom 2006 when it contains a State Tax Return. This is really getting tiresome to get the CD Box, insert the CD have it spin around and the load the clients' 2007 program, also telling me to update by going to the web to bring the program up to date with the State returns. Last year I updated the program every morning, as the first thing to do, and I was all set (most of the time). Now everytime I get another State to roll-over, I need to load the ATX CD. It seems that we're going backward, or can I do something to avoid this? I have a variety of State Returns to do with retirees moving to Florida from a variety of States.

Do you paper-file that 1040A or can you unprotect the 1040A within ATX, write "Stimulus Payment" at the top of the 1040A, protect it and then e-file? Should work, unless it comes back as a reject. Anyone tried it as yet?

I live and work in an area that has a lot of retirees. Many senior ciitizens don't file because if they're married and both are over 65 years of age the filing requirement starts at $19,600 of taxable income. I've read that you can file a claim for a rebate if you don't meet the requirement to file a return (1040/1040A). Can some inform me what the IRS form number is for that pupose, and does ATX have such a form in their library? If they do, can this form be efiled? Thanks.

I'm getting more and more dissatisfied with ATX this year. The wait-time for phone support is excessive, if I don't see some significant improvement, I'll be thinking to change to another tax software company next year. And now received an e-file error because of problems with the ATX server. After waiting 35+ minutes, finally got a cutomer service rep who informed me that they (ATX/CCH) are having server maintenance problems, try again in a couple of hours. These current experiences are quite sad; I've used ATX since 1999, loved it, service and performance was great, not anymore. Are others sharing a similar assessment?