New York/Connecticut Association of Tax Professionals | David Byrnes | Activity https://www.nyctatp.org/members/davidbyrnes/activity/ Activity feed for David Byrnes. Sat, 02 May 2026 03:04:05 -0400 https://buddypress.org/?v= en-US 30 hourly 2 29e53c393e0902995588eea19e828a34 David Byrnes started the topic TTB Web Library AI in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ttb-web-library-ai/ Sat, 15 Feb 2025 16:26:29 -0500 To Members,
If you use the TTB Web Library, you should utilize AI “Ask TaxBert”
I believe this is new for 2024. It is in top left hand corner of Home page.

You can type in a question to “Ask TaxBert” and it will search the entire federal book.
I have used a couple of time already and very heplful.

]]> 1019e775d587a6618bac09d5a041c572 David Byrnes started the topic CMM Physician Enterprises 2021 K-1 Line 20 Code P in the forum Tax Discussion https://www.nyctatp.org/forums/topic/cmm-physician-enterprises-2021-k-1-line-20-code-p/ Mon, 06 May 2024 11:44:36 -0400 The 2021 K-1 reflected on line 20 Code P, an amount of over $50K.
When entered in Drake, the amount flowed to Schedule 2, line 15 as Additional Taxes under Section 453A (c).
It then flowed to page 2 of the 1040 line 23 along with for 8959 and 8960 taxes.

I don’t believe this should have been added back as additional tax and think the Federal…Read more

]]> 3dbc6a8ec0f5a9928e0707bb7e85052b David Byrnes's profile was updated https://www.nyctatp.org/activity/p/2634/ Fri, 05 Jan 2024 14:34:05 -0500 0 0c48a712b16672d64e823f06d6679931 David Byrnes replied to the topic CT Automatic Extension for Business Returns (Individual Adjustment Pending) in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-automatic-extension-for-business-returns-individual-adjustment-pending/#post-14057 Mon, 16 Mar 2020 15:23:31 -0400 Hi Tom,
Thanks for the update on CT.
Fortuntely, we have cleared on the Entity deadlines today and I have two addtional returns to efile the extensions later today.

I hope all the members and families are healthy and safe.
As of today, we are still doing in person sign offs, but are using disposable pens and
wiping down after every client that…Read more

]]> 5a7c554db8c90a44b445562292742250 David Byrnes started the topic Form 1099-CAP Question in the forum Tax Discussion https://www.nyctatp.org/forums/topic/form-1099-cap-question/ Tue, 29 Jan 2019 21:11:47 -0500 Is 1099-CAP a required filing by an S corporation, if an S Corp shareholder sells all his stock in the S Corp to another shareholder?

A sole member S corp shareholder sold his entire interest of 200 shares on 1/1/18 to another shareholder to now owns 100% of the S Corp.
Does the Entity need to report the sale of stock on form 1099-CAP?
Is this a…Read more

]]> 91a86861e6601518b6c117ee03ac32ab David Byrnes replied to the topic Wanted: Information Technology Service Person in the forum Tax Discussion https://www.nyctatp.org/forums/topic/wanted-information-technology-service-person/#post-3206 Fri, 04 Jan 2019 22:00:21 -0500 Hi Martin,
My network guy works as an independent consultant. We use Drake, but
he does manage our network and secures our server and computers.
If you want his contact information, shoot me an email to:
byrnesadvisorgroup@gmail.com

Hope all is well.
Dave

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