jlewis

Catherine- If using ATX, NC D-400 form, click on data tab & near bottom is area "Residence Status" to choose either full, part-time or non-resident. After that click on form tab 2 (second page of D-400) & go to where you see lines 53, 54, & 55. Clicking on either 53 or 54 will bunny hop to the allocation worksheet where fed AGI is brought into col A, you enter into col B NC amounts. The NC DOR website is pretty helpful, choose the Tax Professional button then under "Individual Income" click on Filing Requirements where one of the choices is Non-Res/PY topics. A little further down this page is "Adjustments to Fed AGI" that if your client has any of the topics mentioned you may want to click on the item. Hope this has been useful http://www.dor.state.nc.us/

Yes, I strongly advised her to amend before the notice arrives and I would amend returns if she wanted me to, waiting for her decision. I'll give it a few more days and recommend again.I really thought IRS would have at least jumped on the 2011 by now anyway. Thanks for all your replies.

Have a friend/neighbor that wants me to help them amend their 2012 return for an unrelated item but fessed up they did a Roth conversion in 2010 to split income into 2011 & 2012. Turns out when they did 2011 on Turbo, they didn't report the income as required, don't know how Turbo works or if it was supposed to carry over for returning user. Now they are unsure about opening up bigger problem. My advise was to correct it. Just wondering how IRS missed this & what chances are they still may discover it, I think chances are still fairly good. Any one else have some thoughts or experience with this?

Further reading seems to indicate that aggregating rentals would not free up previously suspended losses since a sale of one is not a disposition of "entire activity". Unable to find citation if no suspended losses involved then why current year rental loss on unit sold at gain is not allowed with ATX. ATX allows rental loss on unit kept due to R/E professional with aggregation election. Any thoughts appreciated.

Have real estate professional with 2 rental properties for several years, elected in 2011 to treat all as single unit & sold one in 2013 for nice gain. Both had rental loss in 2013. ATX treats gain as it should and only allows rental loss on remaining unit. I understand that should be correct way, since disallowed rental loss on unit sold won't be allowed until remaining unit sold. Question-doesn't seem to be a form or schedule that would carry forward the info from 2013 until remaining unit sold sometime down the road to allow loss, and how would it be reported then? If anyone has encountered similar situation in the past or know mechanics of how/if info would carry forward and be reported later, please share your knowledge. Thanks for any replies.

Client had vacation rental from 2000 to 2010, converted back to 100% personal for 2011 & 2012 and has some carryover losses pending. For 2011 & 2012 I simply overrode asset depreciation to zero to keep record of cost/accum deprec through 2010 because program didn't allow me to simply change business use to zero . For 2013 I am trying to use asset disposition tab-converted to personal use-to maintain asset history since client says they will sell property in late 2014 or 2015. My question, if anyone knows - when property is sold in 2014 or 2015 is it possible to change 2013 asset tab from converted to personal use to sale in order to properly be reported? Would also like to know if anyone in past encountered situation of converting property back to personal use for more than one year before selling what procedure was used to keep program from depreciating further an maintain asset info. Thanks for any replies.

Right Deb, but in my stand alone Win 7 set-up did not customize any forms (yet any way), and have the problem sporadically. Solution for me so far is to check the numbers before creating efile, if duplication exists discard and add back state efile form which gives it different number.

Also have held state until federal accepted, since I have not had a problem with SID's in 7 or 8 years of ATX my mistake was complacency not checking to see if numbers were same. Just checked 2 returns been working on, will finish this coming week and one had same numbers, other did not. Since they were never created for efile, now wondering at what stage are numbers created-rollover? open after rollover? Suggest everyone check before going any further with state.

Had same problem, recreated state, submitted, got rejected again. Then discarded state efile form, added it back, recreated and submitted and it worked. ATX support told me it must be an isolated case, so I will have to see if you and I are "isolated cases".

Another medical question-client thinking about dental implants at cost of approx $25,000. IRS pub only mentions "dentures" as an example of allowable medical deduction. Have seen some articles that indicate implants would be considered elective, not allowed. Anyone with any thoughts or references on this would be appreciated, thanks.

I'm in North Carolina.

Link to Rev Proc 2012-28- http://www.irs.gov/irb/2012-28_IRB/ar12.html

If anyone has used Win 8 with ATX 2012 would you please tell us your results, particularly if it was a stand alone set up? Thanks for any input.

This site is unusually slow opening as well as open/close topics this morning, other web sites accessed working normally. Anyone else having this currently?

Since this procedure may be necessary in quite a few states, maybe ATX can streamline the process. How about it, beta testers?

First time I've seen this on NCDOR site even though it is dated 10/18/13- North Carolina Department of Revenue Tax Administration October 18, 2013 PD-13-1 DIRECTIVE Subject: Same-Sex Marriage and Filing Status Tax: Individual Income Tax and Withholding Tax Law: Article 4 Part 2 and Article 4A Issued By : Income Tax Division, Personal Taxes Section Date: October 18, 2013 Number: PD-13-1 This directive addresses the impact for purposes of North Carolina individual income and withholding taxes of Revenue Ruling 2013-17 by the Internal Revenue Service. Under Rev. Rul. 2013-17, the IRS now allows same-sex spouses to file their federal income tax returns using the filing status of married filing jointly or married filing separately. Because North Carolina does not recognize same-sex marriage as valid (N.C.Gen.Stat. § 51-1.2), the North Carolina Department of Revenue cannot follow the new definitions in Rev.Rul. 2013-17. Consequently, individuals who enter into a same-sex marriage in another state cannot file a North Carolina income tax return using the filing status of married filing jointly or married filing separately. Each such individual will need to file a separate North Carolina income tax return on Form D-400 using the filing status of single or, if qualified, head of household or qualifying widow(er). Such individuals who file a federal income tax return as married filing jointly or married filing separately must each complete a separate pro forma federal return for North Carolina purposes with the filing status of single or, if qualified, head of household or qualifying widow(er) to determine each individual’s proper adjusted gross income, deductions and tax credits allowed under the Code for the filing status used for North Carolina purposes, and then attach a copy of the pro forma federal return to the North Carolina return. When these taxpayers file electronically, each individual taxpayer will select to file the "State only" return for North Carolina purposes. The process will prompt the taxpayer at that point to complete another federal return with the North Carolina filing status of single or, if qualified, head of household or qualifying widow(er), and this pro forma federal return should be transmitted with the State return when the taxpayer files the "State only" return with North Carolina.

Jack, I would appreciate your recommendations also. Thanks [email protected]

From ATX download/support site, just saw it while ago. Not mentioned on their blog, interesting? ATX™ Version 12.18 - June, 2013 PROGRAM UPDATES The following issue has been resolved in this version: l Opening returns: The issue prevented the application from opening returns and resulted in the following system error: "System.IO.InvalidDataException: Failed to repair e-file descriptor."

Attached IRS link has some FAQ's http://www.irs.gov/uac/Questions-and-Answers-on-the-Individual-Shared-Responsibility-Provision

Maybe good news for those still waiting for ACK's-Fed efiled 4/12 just as IRS suspended transmissions but was accepted following morning. State, which was held until fed accepted, efiled 4/13 morning & stayed in "transmitted to agency" until this morning. Hope anyone else in this predicament gets theirs resolved soon. Time to retire.

Interesting news- TaxWorks Sold.pdf

Interesting article from July, 2007 CPA Journal, particularly end of article. Somewhere else I read had an answer to the question if flipping was a business replied " I don't know and nobody else does either." RE Flipper.pdf

Attached article from Tax Advisor in 2009 may be of some help. Clergy Rules.pdf

If the annuity is nonqualified, the attached article may give you some understanding or at least generate questions to ask. Hope it helps. Tax NQ Annuities.pdf

JerryW I've been using Paperport 11 4th year now and been hesitant to upgrade because it works so well with all my programs. I did lose pdf printing with ATX, not sure with what installation, and only way I could get it back was to uninstall/reinstall both Paperport 11 program and Image printer. This did not lose any of my data folders which I had a external backup of anyway. JerryW-would you post Paperport version you are currently using and which version you started with? I think current version available now is 14 and I am thinking of updating but can't tell from their ad if features are worth changing. Thanks and look forward to your response.