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About BulldogTom

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    ATX Supreme Guru

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  1. If any of you got the email, are you planning to sit through the webinar? If so, could you take notes and update us on the board? I would like to find out how hard it is going to be to keep my access to e-services, but I can't make the webinars. Thanks in advance. Tom Modesto, CA
  2. OIC when 941 taxes are also in arrears

    Thank you Max for your very thoughtful insights. I appreciate it. Tom Modesto, CA
  3. 2018 PTIN

    To get it out of the way. This is the official start of the 2018 tax season. Tom Modesto, CA
  4. 2018 PTIN

    Did you get the email saying you are eligible for early renewal? I did. We got ours today. I think they are only allowing those that were sent the email to renew in this early period. Some of us are special I guess. Tom Modesto, CA
  5. Equifax Website goes offline

    Well, in an abundance of caution on the part of the IRS, they have "temporarily suspended" their no-bid contract with the Equifax. Did someone read the newspaper finally at the Treasury Department and realize just how stupid they looked? But I bet Equifax still gets the contract in the long run because the IRS does not have a plan B in place for a different vendor to come in and take over security verification. I am willing to bet a Vende Fappuccino from Starbucks that the design of the security verification platform at IRS only works with Equifax. Tom Modesto, CA
  6. Section 121 & community property

    This is very interesting. Here is my un-researched take on this: She brings a home that was very recently purchased into marriage. It has a mortgage, but we don't know if it is most of the value of the home or not. The are married from 1987 until his death in 2009, or 12 years. We are assuming that they treated the home as a community asset, because the post says they used community funds to pay for the mortgage, etc. If you can somehow document the funds that were used to pay the mortgage are substantial enough, and that he did in fact contribute to the community, then yes, the new basis in the property is the FMV of the home on his DOD. Now, if she was independently wealthy, the mortgage was really paid from the interest on her investments she brought into the marriage, and he was nothing more than a glorified "boy toy" for her, it might be a problem. Or, if there is a pre-nup that states that her assets remain hers, you are on dangerous grounds. But if he had a job or income stream that paid a good portion of the community expenses, I think you are there. Can you document that they always had joint checking accounts that were used to pay the mortgage, Taxes and maintenance on the home? Was there a major remodel that was paid for out of community funds? Is there any trust or will that states that the "marriage residence" goes to the survivor if one dies? I think this argument can be won if the facts and circumstance back it up. I would do some more research, but I think you have a strong position if they treated the property as a community asset. Especially since the state is CA, which has a history of assigning community to assets that are not strictly treated as separate assets. With 12 years of marriage I think this is a good position. Don't quote me on this though, I could be very wrong. Tom Modesto, CA
  7. having trouble with direct debit on efiled return. rejected

    Good to know. Thanks for sharing this post. Tom Modesto, CA
  8. OIC when 941 taxes are also in arrears

    Thanks for all your input. Here is the plan: 1. Start with a payment plan to CA to get them to stop attacking the clients bank account. This will allow the client to keep money in the account to make payments to the IRS. 2. Contact the IRS and get a payment plan on the 941 taxes. Ignore the personal taxes in this conversation if possible. 3. Make a second contact with the IRS on the personal taxes and ask for a 90 day freeze on collections while we get the required documentation together to put in an installment agreement (in my experience, if the TP is working on documentation, they will give some time to get it together). This will get me into next year. 4. After filing the 2017 tax return, send in an OIC instead of the installment agreement. Contact IRS and tell them that the TP cannot pay the personal while the payment plans are in place for CA and 941 taxes. This should buy me about 6 months while we wait for an answer, and then appeal the denial. Hopefully, after 1 year of maneuvering, the client will have his affairs in order, pay off the state with all available extra money, and get an installment plan on the personal taxes that is in line with their ability to pay. Tell me what is wrong with this plan if you like, or wish me luck if you think it has a chance of success. Thanks Tom Modesto, CA
  9. invoicing software

    I have the same relationship with QB as I do with ATX. I love the software and hate the companies that own them. They both exhibit the same disdain for their customer support departments and nickle and dime (and quarter and dollar) you to death. They market the crap out of their products, so you can always get a salesperson, but if you need any help with their products, good luck. Just my humble opinion. Tom Modesto, CA
  10. OIC when 941 taxes are also in arrears

    Jack, sometimes you are too absolute. I feel strongly about this as well, but man, you don't know the circumstances. I do, and I will not share them. The client came to me for representation before the IRS. It is my job, should I choose to accept it (do you like the Mission Impossible reference?), to explore every avenue available to this client who wants and needs to clean up his tax situation. Based on where he is, and what he earns in his business, I don't see him paying off the balance owed before the statute expires. That is one of the things the IRS looks at when considering an offer. If I can get him on a payment plan on the 941 taxes (both trust and employer), there will be nothing left to pay the personal taxes because of the balance being so large on those taxes. That is just the simple math. So I am looking for a light at the end of the tunnel to give to both the IRS and the client so they both can see that someday down the road, this taxpayer will be back on track and paying his taxes regularly and properly. If the client never sees an opportunity for this to go away, they will not have the heart to work toward that goal. If the IRS does not see that keeping this guy in business is the best way for him to pay them back, they will not work with him. They will take what they can and leave his life in shambles. This is my job, to mediate between the two and find a win-win for both that will in the long run get them both to a spot where this is behind them. So yes, he does deserve consideration for an OIC. He may or may not get one, but he is entitled to the opportunity to explore the option. Tom Modesto, CA
  11. Can I just get some advice on this one. Client owes the IRS about 450K. Most of that is personal, a good chunk is 941 PR tax. I know the IRS will generally not take an offer from an ongoing business for 941 taxes, but will they take a payment plan on the 941 taxes while entertaining an offer on the personal 1040 taxes? I have never tried this approach, so I would like to know if I should even go down that road. Thanks Tom Modesto, CA
  12. invoicing software

    I still use my trusty copy of QuickBooks pro 2003. I have my reminders set up to show me my outstanding invoices when I log into it. Keeps a nice set of books for my business when I do my own tax return. Print it out and put it in the file with my Tax Return docs. Tom Modesto, CA
  13. Be careful. If any community funds were used for the rental property (such as paying the property taxes out of a joint account), that "separate" property in CA will have been tainted with co-mingled funds and may in fact become community property. I am not saying it has happened, but there is the possibility. Tom Modesto, CA
  14. ATX Website Board Problems

    I usually go there at the beginning of the season if I have an issue with the software to see if others have the same problem. If the board has threads on it that are answered by ATX, then I just move on, but if they are blowing smoke and hiding from an issue, then I post all over the board until they acknowledge the issue and get on it. I am only a squeaky wheel over there, but I don't go often. Tom Newark, CA
  15. Poll - current and former pinned posts

    like everything in taxes, it depends. Sometimes, like during the rollout of the ACA, I think we had something pinned that I looked at a lot. Some of this I never look at and just takes up space. I think you guys do a great job of deciding what should or should not be pinned, and recognizing when that time is up and unpinning it. So I defer to the wisdom of the moderators. Tom Modesto, CA