ILLMAS

Anyone??? Also, I forgot to mention that he didn't recieve 1099 from the settlement. Thanks

Hello, I have a question, a client of mine won a lawsuit of 18K, however he had a cost of 10K for attorney and 4K for court cost so he only recieved 4K. Do I report the net amount on line 21 of 1040 or report the gross amount on line 21 of 1040 and the attorney and court cost on line 22 of Sch A? Thanks,

Problem solved, I had an apostrophe in the address information, I guess I might put in by accident recently, and now the info transfer to all the states.

If I double click on the preparer it gives me a message that the information has been enter into the open return, then if I click view it is still blank. After many attempts I just manually input the information (override) however not all information transfer from the federal return to the states.

A new client of mine brought a backup of his prior tax return, I transfered it to 2007 and I cannot get my information to appear as the preparer? I tried to override it, however it only passess the company name to the state, and not my address, federal number, PTIN etc... Does anyone know how to fix this? This return has over 30 states, so I wouldn't want to enter the information manually on each state.

My client recieved a letter from the IRS claiming they didn't file form 7004 for December 31, 2006, however the corporate return was filed back in 2007? This is the first time I have ever seen a notice like this requesting a copy of the extension after the return was filed. Has anybody encounter this?

Good point, I will definetly look into amending the last 3 years or I will recommend for him to speak to the previous tax preparer. Again, thanks for your advice.

Thanks, I forgot to mention that, he did not make no elections for the 8 years he owned it. I will talk my client and see he wants to take a chance.

Need help with this situation, my client bought a empty lot back in 1999, the previous tax preparer advice him not to deduct any expenses until he builds something on the lot. Well 8 years later he gave up and sold the lot, apparently he was having issues with the town and it was impossible for him to get a permit to build a house to sell or rent. His biggiest expenses are property taxes, architech fees and attorney fees, my question is if it would be okay to capitalize the property taxes, architech fees and attorney fees even though the expenses are for various years? No depreciation was calculated for the 8 years he owned it. Thanks,

Hello to all, I have a question, I have client that bought a property that qualifies for the GO Zone deduction, the property is being rented, it was bought in 2007. She previously had sold a house in IL so she has a capital gain on the sale, ATX is calculating 50% of depreciation for the property under the GO Zone. Since my client is not a real estate prof., shouldn't it be limited to 25K and not take 50% depreciation of 161K?

Hello, for some reason, ATX is not generating the ES voucher for a corporate return, I was able to get the state's, however I see the worksheet 1120W but no vouchers? Did I forget to click on something to automatically generate them? Thanks,

I am printing out extension for corporations, I see a 7004 mulitple, how exactly do I proceed? I am new at ATX for 2007. Thanks,

Hello, to all, is there a way of printing various client extension without opening one by one? I know proseries does that. Thanks,

Thanks, that is exactly, where I put the amount.

Hello, my client recieved a 1099-C for some credit card debt cancellation, will line 21 be the appropriate line? I cannot seem to find a straight answer as to where to put the amount and the date of cancelation. Thanks,

Thanks, I will do that.

Hello I accidently transmitted the wrong for my client, I was supposed to process my clients son, who has the same name as the dad. I picked up the son federal and the father state return. They were both accepted but the father return was not finilized. Is there a way to cancel the state once filed electronically? I thought I would ask, if not I will write a letter and provide all the support to correct it. thanks

No, not yet. I transfered my info from proseries, maybe there was a problem with the converstion. I will delete all the assets and re-enter them.

Hello, for some reason depreciation is not being calculated for 2007, there are a couple of assets that have not fully depr. on a Sch E, I am new at ATX, is there something I forgot to click on? It's not being picked up as an error. Thanks,

How can I include the privacy notice automatically, instead of adding it each time? Thanks,

Thanks, this ATX program has been not that great for me, I used Proseries for over 14 years and this year I started using ATX and it's been difficult naviagating through it. It's like a foreign language to me, do you happened to know if there is a tutorial?

Hello, I barely recieved my EFIN number yesterday and will be filing my first e-file tomorrow, my returns show errors that I cannot clear up, can I still file them like that. These errors are not critical, I guess they are more like suggestions or notes.

Hello, I am new here to this forum, I have questions about networking ATX. When I first installed ATX I selected single user and converted my files from Proseries 2006, now I want to add another computer, do I need to restall ATX on the main PC as network instead of stand alone and install also networked on the second PC? Sorry for the question, I need to do this by tomorrow. Thanks