Maribeth

We have external backups and off-site backups and daily backups and weekly backups. But my question is whether the backup that I am getting from ATX is a good backup? If the function itself is corrupted then it really doesn't matter where I am storing my backups. The individual files themselves are unreadable. Is that what Jack is saying?

The integrity of the backup files has been compromised from day 1. Export the returns to an external hard drive or a different network computer. It is the only thing that seems to keep data integrity.

Each time the program does something stupid, the backup file is corrupted for the returns that have been worked on since the last backup.

For next year... BE AFRAID! BE VERY VERY AFRAID!!

Jack, please, what I hear you saying is that the import/export function is working correctly. The backup/restore function is corrupted. Is that correct?

It has been awhile since I have corrected a 1099 so I thought I had it right. Just checked and this is how you do it.

Open up the original 1099 file, make sure that the Complete box is not checked.

Make the correction to the original 1099, mark that 1099 corrected.

Create the efile. There should now be a box for 1099c in the efile dialogue box.

That should work.

What is so hard about just giving us (say) a seven day extension of time to file.?

Because I am not going to be in my office 7 days after 4/15/13, thank you very much!! :P Extensions will be out by 4/15/13 and then National Tax Accountant Vacation days are here.

For a 1099, you make a new one, in a new file, put the proper information on the form, mark it corrected, create a new efile and then send it. You do not make any corrections to the original 1099's.

Where in ATX do you input the sales tax on a vehicle, to be an added deduction?

Put the amount on the detail sheet for sales tax, way down on the bottom, after the calculation of the state & local sales taxes. There is no longer the separate deduction for sales taxes on new vehicles; you need to add it to the regular sales tax calculation.

chocolate or lemon cream?

Rita, do you have the backup function set up on automatic? If so, change it back to manual. Then every night do a backup and back it up to another folder on your computer. That way you will have a backup.

I do a manual backup every night, let it backup to the folder it wants to backup to. Then I do another backup to a portable drive. The two folders appear to be the same. It takes forever to do these backups but at least I am sure they are getting done.

Yes, and the folder named "Backup" is empty, isn't it? I worry about next year.

Rita, my backup folder is not empty. Under the subfolder "Company' it has all the clients that I've backed up through last night. Has the name of the company, date modified, and "ATXBackup File" as the type of file.

Am I missing something? Am I believing that all is well when it is not??

I am very frustrated. I just began work on the first of a number of large trusts. Apparently there is no way to import csv files with capital gains and losses to the 2012 Form 1041 program. This is the smallest of the trusts and has 147 capital gain transactions....way too time consuming to input one at a time. Come on ATX give us what we paid for.

Does anyone else use a different software that allows the import of the transactions?

Linda, I think you posted on the other board also. Did you see the reply from ATX that the import function was available on the 1041 Sch D form update that released as of today?

so you stil have to run the utility fix the checked boxes?

I tried to run it last night but couldn't get it to work

Yes, I ran the utility on the server and on the workstations. I seem to recall that I got a dialogue box asking me where the files were, and as I tried to find where the files were, the utility ran and then told me all was well.

Updated to 12.11 right after it came out. Ran the utility to fix the return manager & its completed boxes. Peer-to-peer network with server & two workstations. No problems here. It even fixed the depreciation schedules so they are printing at the end of the return and not in the middle of the return.

Yes, they are approrpriate. When you sell business property for more than you purchased it for, you will have capital gain due to the increase in FMV of the property. When you sell business property for less than your purchased it for, you will have gain to the extent of depreciation. if §1245 property, this gain will be ordinary income. If §1250 property, this gain will be unrecaptured §1250 gain.

What I can't remember is if the full gain goes in box 10, or if it is the gain net of the unrecaptured §1250 gain. Sorry, you will have to look at instructions for that, my mind is blank.

Your selling price is $500,000. Your basis is your cost plus selling expenses less accumulated depreciation. That basis is $250,000 so your gain is $250,000.

Of that gain, $80,000 is attributable to prior depreciation taken and $170,000 is attributable to the increase in FMV of the property.

The $80,000 is considered to be Unrecaptured §1250 gain and can be subjected to a different capital gain rate than the remaining $170,000 gain.

So, yes, you should have numbers in two different places on the K-1.

It is on the elections form. Can't remember what tab it is on. Start with individual first and it should be there.

I had had that same problem over the years. The link from the current year software to the prior year software sometimes gets broken. If you go to the rollover manager and browse to the prior year database, you can reset the link without having to leave the program.

Updated to 12.11 last night. Cannot see any improvement but have had no difficulties so far. (knock on wood)

I am heading to Arby's to get some food. I will tough through the guilt to quiet my stomach!!

Right with you there Jack. And oh my, it was so good!!

Yes, chocolate is always a good reboot. Also sitting in your chair at home with dogs/cats on your lap makes an excellent reboot!

Washington State is like California. Community ends when they split, not when the divorce is final. I believe Idaho is the same.

I had a couple of those a few days ago. Even closing the program did not work. However, rebooting the computer did. It was a scary time!

I think that is probably because the client letter & cover sheet are coming out of the client communications manager and not the tax manager???? If you open up the letter in the client communications manager, I believe you can page print it. But maybe that is why.

Thanks for the reply. I am glad that I am not alone in this.

ATX is now sending the return to my virtual printer as landscape instead of portrait. I've tried almost everything I can think of it reset it and I have determined a work-around but I was wondering if anybody else has had this problem.

$22,000