Jim Oh Bkkr

20 hours ago, Gail in Virginia said:

The EIN for Railroad Retirement Board is actually on the RRB-1099R and the RRB-1099. 

I'm 99.99% certain it is also the same on RRRB provided sick-pay W-2's.

16 hours ago, Medlin Software said:

I know many who send them in self printed (black and white), but have not heard of the IRS using their penalty process for non compliant forms.

Guilty as charged sir! (But only in a pinch when my IRS order wasn't received timely.)

1 hour ago, Margaret CPA in OH said:

This happens to me every year. 

That used to happen to me also (MAX). IIRC preparer and payer info was rolled over from a ??different?? screen, or needed to be done ??first??  I would fight it every year!

Edit to show MAX

12 hours ago, jklcpa said:

...he and his company will be the bigger loser to have let go a valuable employee. I know it's not much consolation, but he will have a hard time finding a replacement and will end up paying a greater price because of it. 

Amen!

Good luck Tom

I liked @Margaret CPA in OH's for the retirement comment, but @Possi made me laugh out loud.

You would think by now, some one at the IRS would've figured this out and had software companies insert a "Resubmission of a paper filing" check box to avoid any confusion.

Also, nose around the blogs' links.  Some bloggers maintain forums for their followers.

15 hours ago, Matthew WaitingOnWA2BaCPA said:

• You received a Form 1099-B (or substitute statement) that shows basis was reported to the IRS and doesn't show any adjustments in box 1f or 1g;

A member on another forum (Drake?), said they ignore this and enter all (codes A & D) on Line 1a/8a.  Then they list the cumulative wash totals as a single entry on the appropriate line of 8949.  A few others agreed that they also did this, and none have ever had any problems. YMMV!

19 hours ago, Gail in Virginia said:

I did not remember that

17 hours ago, jklcpa said:

I know I won't remember it

Don't give me too much credit, I don't remember it either.  I have 2 google bookmarks, the second is a search result that includes site:, so I can remember how to do it!

13 hours ago, jklcpa said:

I just use Google and look for the ones that go to the IRS site

Maybe you know, maybe not - "site:irs.gov" in your search and google will search only the IRS.  One of the few good things left about google.

On 9/4/2020 at 12:38 PM, Abby Normal said:

My choice is to have to formula display zero if it's in balance or the amount by which it is out of balance.

That's the same way I started, the went to (Lotus) @if(round(blah blah blah,3)" ","NOT BALANCED"). Just a blank cell (" ") if balanced, but if it isn't ("NOT BALANCED") - much easier to see quickly.

And the rounding to 3 places always caught the discrepancies  of mis-entering the cents (ie. 125.513).

Incidentally, that was a problem the old "spreadsheet based" ATX had.  Formula "display" rounding to 2 places, but the formula itself did not round.

12 hours ago, jklcpa said:

cbslee is correct  - no AOC for non-degree programs

If Yale gives (even partial) credit for the Dartmouth course, wouldn't it  still be part of a degree program?

We need a constitutional amendment that ANY tax law, from ANY taxing agency, must be enacted 3 months prior to the start of the year for which it is in effect!  The taxpayer should be allowed to plan.  (They won't, of course.)

Just imagine a March budget crunch rolling around, and congress, retroactively, reverts to the 2119 treatment of home sales.

Yes, drives me crazy!  I have seen it take over a week with Drake (and with ATX in the past).

13 hours ago, BulldogTom said:

ATX was much better when you were there.

Ditto!  I guess I can quit HOPING your non-compete will expire!

12 minutes ago, Jim Oh Bkkr said:

I thought I read an IRS notice last year that this was allowed for '19 and beyond?

Or maybe not.  I tried to find the cite, but I think what I read was about mixed-use properties.

21 hours ago, cbslee said:

The "Safe Harbor Rules" are restrictive since you cannot group commercial rental and residential rentals together. Also this client meets the 250 hours for the residential rentals,

I thought I read an IRS notice last year that this was allowed for '19 and beyond?

19 hours ago, Joel said:

For a while they used ATX for the business returns

The name Best doesn't ring any bells, but in the early 90's I was using some "off the shelf" program, don't even remember the name.  One year they added business returns, and if you shut a business return down improperly, you had access to a "return manager" (you actually had to force access to it).   After a little "snooping", I discovered it was ATX. 

600 bucks for MAX, and I NEVER had to worry about ANY form ever again.  Stayed with ATX, until Drake in '16 or '17.

@sbcglobal.net (originally tied to @yahoo.com) still works after about 6 years on cable internet.  Sign-in is more of a pain in the a$$, since att separated from yahoo, but it still works.

Thank you guys for a multiple, laugh out load, morning!

"Hello in There" was more the mood the news left me in.  This was one of those "albums" that was so worn out, that I could listen to both sides at the same time!

2 hours ago, schirallicpa said:

to all my

What he said! (Except I'm using Drake now.)

2 hours ago, Randall said:

but I see John Prine

CBS said his wife had it also.

20 hours ago, Gail in Virginia said:

...as long as the check is payable to the charity, it can be sent to the client...

I recently read a discussion about this in another (Drake?) forum.   Most said this was the way to go AFTER a copy of the check was retained for the client's file.

15 hours ago, Jack from Ohio said:

 

Most Ohio returns have 4 returns.  Fed, State, School District, and if applicable, city tax.

Luckily, I practice in an area where the nearest school district with an income tax is at least an hour away.  I do have a few though.