LouD

transmitted all of my S-Corp and Partnership extensions on Friday/Saturday and half show "Transmitted to EFC" and other half "Transmitted to Agency" - usually those are accepted within couple hours

I started attaching the appropriate details from IRA statements showing the 60-day rollover period was met to the eFile because the IRS would always send out a CP2000 - and haven't had one since so they are definitely receiving the attachments and saves the headache from coming back later.

I had the same issue - sounds like ATX is working on solution that will be ready later today

They final regs updated what they meant by "reputation of the owner" - it only applies to those who are using their name and likeness to earn income like endorsements and advertising.  Everyone was worried with the vague proposed regs since reputation of the owner would have applied to most everyone.  But the final regs cleared things up considerably

I did everything described above and nothing flows from the K-1 input to the 199a worksheet

I've got an S-Corp K-1 info on a personal return and nothing flows thru to the QBI worksheet no matter what I check in the Activities tab.  I tried deleting and re-opening the 199a worksheet and still nothing is linked.

you have to go to the "Detail" tab worksheet and at the far right is the column to enter "X" for whichever 1099 you want to print.  Definitely a few extra steps than in the past which is a pain but I was worried they got rid of the functionality so sign of relief there's something in place for all the replacements we end up producing in February and March

any IL tax experts out there - existing client moved to IL in 2016 so first year preparing the resident return.  Every year, client's W2 has 15 states where he worked with the wages broken out between the states so now I'm trying to figure out how to claim the credits for the taxes paid to those other states.  Looking at IL 1040CR instructions, it states that I shouldn't include wages paid to other states if they are also shows as IL wages - and that's the case with this client but if I don't include the wages, then he won't get credit for the taxes paid to the other states?

Am I missing something of where to enter things?  the only way ATX calculates the credit is if there are wages in Column B for the other states which populates the decimal ratio and the related tax credit - I would hate to think client isn't entitled to the tax credits for other state payments?

Thanks for any help and guidance!

I did quick check last night on a client that I had done some work on my own spreadsheet and seems to check out from itemized deduction changes and income tax rate changes.  The only area I haven't verified was AMT which seemed higher than expected given the new higher limits and exemptions

just need to be wary of clients that are in or close to the AMT threshold - then there would be no benefit to parting with the cash at all

looks like we are back online with these depreciation returns - just opened a couple of them and no more error messages.  Very frustrating - their blog that gave us the details of the maintenance work was completely silent that we would have any type of issue working on a return - will have some disappointed clients tomorrow that are expecting me to be done with their returns...

I am having the exact same issue - program opens just fine but any return (business or personal) with depreciation forms gives the "unexpected error" warning and asks to close down the program - extremely frustrating.....

17 hours ago, BHoffman said:

See Arizona form 309 to claim a credit for taxes paid to another state. 

CA is one of the exceptions for claiming the credit for taxes in other states - so you have to take the credit for any AZ taxes paid on the CA return.

I am two weeks out as well doing it full-time - most of my clients are used to that turn around time each year

It wasn't an IRA but was husband's pension payments - which should have stopped upon his death in Nov 2013, but there must have been some additional payments that were due that fell into 2014.  

Husband died Nov 2013 but here in 2014 we receive 1099-R in his name and SS# of $1,650 with small IRS & state withholdings.  I'm not sure why it was issued in his name with a 2013 DOD, but need help in avoiding matching issues with IRS.

Would like to report the 1099-R on the wife's return (since she obviously received the income), but not sure how best to reflect since it's husband's SS# - just attach a statement to the return?

Thanks for any help!

thank you very much MAS - can you tell me what publication/instruction this came from so I can have it in my file as I wasn't able to track down this info anywhere - much appreciated!

Client moved to AZ in December 2011 and continued receiving unemployment benefits from IL in 2012 and 2013 with no state withholding and I'm not sure if they are excludable for an IL non-resident return.

ATX warning states that non-resident unemployment benefits are not taxable, the 2011 IL NR instructions state specifically that unemployment is not taxable, but the 2012 and 2013 instructions exclude that statement and state that only Alaska Fund dividends and jury duty pay are excludable.

Any IL preparers with a definitive answer for these NR unemployment benefits? Thanks for the help!

Thanks KC - wasn't sure if I was overthinking things. Makes sense since that's how it's done on a personal 1040 when rental properties are owned in SMLLC.

Thanks for the help and quick response!

Need some help with how to present rental property activity on a partnership tax return.

First year in existence in 2013, two member partnership that has purchased several residential properties and one commercial property. Not a problem so far, but the thing that has me confused is that the properties were purchased in two separate SMLLCs owned 100% by this partnership - one SMLLC for the residential properties and another SMLLC for the commercial building.

Is it as simple as reporting each rental property as I normally would on the partnership return (Form 8825), or are things handled differently since they are sitting in the SMLLCs and I show the activity on Line 4 of the 1065?

Thanks in advance for the help!

anyone have trouble printing to the ATX PDF drive for larger returns? I have several clients with multi-state returns with over 100 pages and I get an error message around page 80 each time that it's not able to print. Wondering if it's just trouble on my end?

Is anyone having trouble when getting in and out of the fixed asset module? I am moving fine within the program everywhere else, including printing, but every time i go into the fixed asset part of the return (not the Form 4562) it takes about 2 to 3 minutes for it to open. Program doesn't crash, but just slow to open and wanted to see if there was a fix. I am Windows 7, 64-bit stand-alone installation.

Very worried that they did not mention the speed of the program when opening a return, speed of the program when adding new forms and speed of the program in the fixed asset module. Half the time I try to enter the fixed assets module, program crashes and tried to dispose of asset last night and the screen never moved....

I am having the same delays that TonyETS spells out - I haven't timed things, but definitely much slower than 2011 version. I also have similar delays in saving a tax file as well as adding forms to the tax file - much much much slower in 2012.

I have a new HP Windows 7 62 bit with 8 GB RAM...

I am having same problem!