Just an FYI - if your 2023 amended return isn't processed before you file for 2024, you might get a notice from the IRS about the discrepancy. Don't panic if this happens! Just respond with a copy of your 2023 amended return and explain the situation. I had something similar happen with NOL carryovers a few years back. The IRS computer system flagged the discrepancy, but once a human reviewed my explanation, everything was fine. The key is to keep good records and be consistent with how you're handling the error correction.

I went through almost the exact same situation two years ago with my capital loss carryovers getting "lost" in TurboTax. It's incredibly frustrating when you discover these errors right before the filing deadline. One thing I learned is that you should double-check ALL your prior year carryovers - not just capital losses. Look at things like charitable contribution carryovers, business loss carryovers, and any education credits that might carry forward. When tax software has an issue with one type of carryover, it sometimes affects others too. Also, when you're preparing your amendment, take screenshots or print copies of the relevant pages from your software showing the error. This documentation can be helpful if you need to contact the IRS later or if there are any questions about your amendment. The good news is that once you get this sorted out, you'll have a much better understanding of how carryovers work, and you'll probably catch any similar issues much earlier in future tax years. I now manually verify all my carryovers every year before filing, regardless of what the software says.

Something nobody's mentioned yet - if your sister didn't get an EIN (tax ID) for the trust, that's a bigger issue than the bank account. The trust is considered a separate taxpayer from both your sister and the original trustmakers (your parents). Without an EIN, how is she planning to file the trust tax return? And without a trust tax return, how will she generate legal K-1s? This might be why she's delayed getting you the K-1.

I went through something very similar when my father passed and I was named successor trustee. The stress of not knowing if you're handling everything correctly is overwhelming, especially when you're already grieving. From my experience, your sister's approach creates unnecessary complications and potential liability issues. Even though it's not strictly illegal, mixing trust funds with personal accounts makes proper accounting much more difficult and could cause problems if the IRS ever audits the trust. Here's what I learned the hard way: Always get an EIN for the trust immediately after the grantor's death, open a separate trust checking account, and keep meticulous records of every transaction. When I sold my dad's house, I made sure the proceeds went directly into the trust account, then issued checks from that account to beneficiaries with clear documentation. The good news is that since you're the beneficiary, your main concern is getting that K-1 form so you can properly report your share on your personal return. The burden of proper trust administration falls on your sister as trustee. If she can't provide accurate documentation, that becomes her problem with the IRS, not yours. I'd strongly suggest having a gentle but firm conversation with your sister about getting professional help to clean this up properly. It's worth the cost to avoid potential headaches down the road.

I'm going through something similar right now! My tax preparer just quoted me $350 for adding my rental property K-1 to my return - said it's their "new standard rate" for partnership documents. The K-1 is from a simple rental LLC with just rental income and depreciation, nothing complicated. What really bothers me is that they didn't mention this fee increase when I scheduled my appointment. I've been a client for 4 years and this is the first time they've charged extra for the K-1. When I asked why the sudden increase, they gave me some vague explanation about "increased professional liability" and "new compliance requirements." I'm seriously considering switching preparers or trying to do it myself. Has anyone had luck negotiating these fees down, especially as a long-term client? It feels like they're taking advantage of people who don't want to deal with the hassle of finding someone new during tax season.

I just went through the exact same thing! My CPA suddenly wanted an extra $150 for my S-corp K-1 this year after handling it for the past 3 years with no additional charge. When I pushed back, he couldn't give me a straight answer about what had actually changed. I ended up switching to a different CPA who charged me $50 extra for the K-1 and actually took the time to explain why there's an additional fee (liability coverage, additional forms that need to be checked, etc.). The difference in service was night and day - my new preparer walked me through exactly how the K-1 numbers flowed into different parts of my return. My advice would be to call around and get quotes from other preparers in your area. I found that most charge between $50-100 for a straightforward K-1, not $200. Don't let them take advantage of you just because you're an existing client - there are plenty of qualified preparers who would be happy to earn your business at a fair price. Also, since you mentioned the K-1 is already completely prepared by your business accountant, make sure to emphasize that when getting quotes from other preparers. That should definitely factor into their pricing since they're not starting from scratch.

I went through this exact same decision process about 6 months ago when I converted to S Corp status. After comparing several options, I ended up going with OnPay and have been really happy with it. The pricing is transparent - $40 base + $6 per employee, so $46/month total for just me. They handle all the federal filings (monthly deposits, quarterly 941s, annual W-2s) plus state unemployment automatically. Their interface isn't as flashy as Gusto but it's clean and gets the job done. What sold me was their customer support - I had questions about setting up my first payroll run and they walked me through everything over the phone. No waiting on hold for hours like some other services. One thing I learned: don't get too caught up in finding the absolute cheapest option. The difference between $35/month and $50/month is minimal compared to the potential cost of messing up your S Corp payroll compliance. Pick something reliable that automates all the tax filings and you'll sleep better at night. For what it's worth, I looked at Wave, Square Payroll, and Gusto before settling on OnPay. All would probably work fine, but OnPay hit the sweet spot of features, price, and support quality for my needs.

I've been running my S Corp for about 2 years and went through this exact same research process when I started. After trying a couple different services, I ended up settling on Patriot Software and it's been great for my needs. Their pricing is really competitive - around $35/month for the base plan that handles all federal and state filings. What I love about them is they actually assign you a dedicated support person who knows your account, so when you call with questions you're not starting from scratch each time. The interface is straightforward - not the fanciest but very functional. They handle all the quarterly 941s, monthly tax deposits, W-2s, and state unemployment filings automatically. I get email confirmations for every filing so I always know what's been submitted. One thing that really helped me was they offer a free consultation call when you sign up to make sure you're setting everything up correctly for S Corp compliance. They helped me understand the reasonable compensation requirements and made sure my salary-to-distribution ratio made sense. For anyone just starting out with S Corp payroll, my advice is don't overthink it too much. Pick a reputable service that handles all the tax filings automatically and has good support. The time and stress you'll save is absolutely worth the monthly cost compared to trying to manage it yourself.

Had the same problem. Found out TurboTax creates a different PIN each year that you set during the filing process. For me the problem was I had entered my AGI wrong - I was looking at line 7 instead of line 11 on my 1040. Double-check that.

Glad to hear your return finally got accepted! I went through something similar last year and it's such a relief when it finally goes through. For anyone else dealing with this, I learned that the IRS verification system can be pretty finicky. One thing that helped me was creating a checklist: 1) Make sure you're using the AGI from line 11 of your 2021 Form 1040 (not any other line), 2) If you can't find or remember your self-selected PIN, stick with the AGI option entirely, and 3) If you're a first-time e-filer or had any issues with your previous return, the "0" AGI method often works as a backup. The most important thing I learned is to be patient with the system - sometimes it takes a day or two for acceptance even when everything is correct. Thanks for sharing your update, it'll definitely help others who are going through the same stress!