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  1. Today

    Two drives

    I will replacing my office PC and wanted to see if this would be possible with ATX, I would like to install ATX on the C drive, but keep the data on the D drive (Encrypted), would that work? In other words, ATX software will be hosted on the C drive, and the client database on the D drive. Thanks MAS
  3. Yesterday
  4. Up to 2012 or even later, you could install the application and just copy the database folder (I don't remember the name) from the old computer to the new one and everything would work.
  5. Last week
  6. Why do you say that? ATX's has a video that says to do exactly that. I'm assuming you're referring to the data folders.
  7. Thanks everyone for your assistance and guidance. I was able to restore and recover the data. Luckily, I found the CD to install on the new host and migrated the database. My CPA is very happy
  8. It doesn't matter if a S or C corp, assignment of income still applies. Also, it does not matter what the motive is. The income is reported by the person / entity that was legally entitled to it. Unfortunately there does not appear to be a solution for your client's situation. Here is a quote from Johnson v. Commissioner, supra at 891, that addresses your questions: An examination of the case law from Lucas v. Earl hence reveals two necessary elements before the corporation, rather than its service-performer employee, may be considered the controller of the income.15 First, the service-performer employee must be just that—an employee of the corporation whom the corporation has the right to direct or control in some meaningful sense. See Vnuk v. Commissioner, 621 F.2d 1318, 1320-1321 (8th Cir. 1980), affg. a Memorandum Opinion of this Court; Vercio v. Commissioner, supra. Second, there must exist between the corporation and the person or entity using the services a contract or similar indicium recognizing the corporation's controlling position. See Pacella v. Commissioner, 78 T.C. 604 (1982); Keller v. Commissioner, 77 T.C. 1014, appeal filed (10th Cir., Apr. 2, 1982).16
  9. Sorry, late coming to this topic. From the info provided, your Taxpayer client should use the Streamlined program to file the amended returns and the FBARs. I assume the client lives in the US and had filed each year. Therefore, the IRS will assess a 5% penalty. If the client does not use the Streamlined program, there is a risk that the client will get hit with all the penalties for late FBARs (10k/year). If the client is required to include other forms on the 1040 such as 8938, 5471, 8621, 926...more penalties will be assessed. It is not worth the risk for filing late FBARs when there is also int & div income that was not reported. If there is no additional int or div income to reported, your client may avoid penalties for late filing FBARs without the Streamlined program. The IRS site explains the programs very well... https://www.irs.gov/individuals/international-taxpayers/streamlined-filing-compliance-procedures https://www.irs.gov/individuals/international-taxpayers/delinquent-fbar-submission-procedures Extra thought....my gut feeling when you said your client did not include dividends from a foreign account gave me two thoughts 1) the foreign broker invested in US companies, which means that the client already had 30% withholding tax on the US dividends and/or 2) the foreign broker invested in non-US mutual funds and you will have a bad PFIC problem.
  10. Free Meals for Veterans and Military on November 11, 2019 Starbucks: Veterans can get a Tall coffee for free when visiting their local coffee house. Dunkin' Donuts: Dunkin' is offering veterans a free doughnut of their choice, and the first 50 veteran customers will also get a thank you card. Denny's: All active, inactive and military personnel a can get a complimentary Build Your Own Grand Slam from 5 a.m. until noon with a valid military ID or DD 214. Red Lobster: Veterans, active-duty military and reservists with a valid military ID can claim a free appetizer or dessert either in-restaurant or on To Go orders. BJ's Restaurant & Brewhouse: Active military and veterans can get a free entree worth up to $14.95 as well as a free Dr. Pepper. Tim Horton's: Get a free small coffee with a valid military ID Cumberland Farms: Get a free Farmhouse Blend or Bold coffee, hot or iced, in any size with valid ID. Olive Garden: There is a Veterans Day special menu and veterans can pick out a free entree. Chipotle: Chipotle is offering veterans, military personnel, and military spouses a buy one get one free entrée in-store. Smoothie King: With a valid ID, military and veterans can get a free 20 ounce (oz.) smoothie of their choice. Applebees: The restaurant has an exclusive menu for veterans and is offering a free entree, including a Classic Bacon Cheeseburger (6 oz.), Chicken Tenders Platter, Double Crunch Shrimp and more. Ponderosa and Bonanza Steakhouses: At participating locations, veterans can get a free buffet or 50 percent off. https://www.newsweek.com/veterans-day-free-meals-dennys-applebees-olive-garden-more-1470947
  11. Have you found any court cases with facts similar to yours that allowed individuals being paid as individuals and receiving forms 1099-MISC as individuals to assign their checks to a partially owned C-corporation and receive wages from the C-corp based on a percentage of their individual IC income? As you explained, they do NOT work for the C-corp but work as ICs for a mutual client.
  12. I know that's the case for an S-corp, are you 100% sure that's the case for a C-corp? Those are two very different tax situations with obvious strategy differences. I'd also see a problem if the profits were attempted to be distributed as a dividend instead of W2 income.
  13. Doing this may fix the problem. Opening the return in the original year will update the return(s) to the current version of the software.
  14. Brandon, it may be helpful to know which years you are working with, and were the backups made using ATX's backup function from within the program? Are you then using the restore function also from within the program itself? Backup and restore using other methods or commercial software will definitely cause these errors. Is this also related to moving files and programs to the new computer that you posted about separately? If so, were the programs installed fresh on the new machine, not copied or transferred from old to new? I haven't used ATX in a few years now, but it used to be that from within the program, the backup function would allow the user to change the location of the backup. If this is still an option, try backup directly to a flash drive or CD and then using the program's restore function from that rather than backing up to the default and trying to copy the folder because you may be missing a piece of the puzzle. If you are using the functions from within the program and still having problems, you should call ATX support.
  15. I have had that happen but can't remember why. Are you trying to open up in a different program year than it was created in? Maybe it had something to do with a return that was rolled over but not opened? Might of had to go back and open in previous year and then roll over again?
  16. It's always nice to hear a positive story. My dealings with ATX Support have been predominately positive and I'm happy to see Black Bart had a similar experience in this case.
  17. Unless they can get a contract between the paying company and the corporation, they are out of luck. Case law is very clear when it comes to assignment of income to corporations. First of all, there must be a contract between the corporation and the payer. Secondly, there must be an employment contract which recognizes the corporation's controlling position.
  18. I'm assuming you're on ATX. This may sound silly, but have you tried calling support yet? I know it's like flipping a coin as to whether the tech agent is (pick one) good/okay/terrible, but we recently bought two new WIN 10s and had some problems getting the rollovers to work. Since we aren't particularly computer-literate it's (as you may know) like being on the dark side of the moon trying to comprehend the jargon (it's overwhelming). Anyway, we called on a Friday about 15 minutes before closing and described our problem. She said "Well, that's going to take a while to fix; why don't I call you back at ten Monday morning." I thought - "Yeah, sure." But, Monday at 10 A.M. on the dot, our phone rang and it was her. She got our ID and so forth; she already had our past years info, remotely downloaded all of it to us, walked us (each computer) through the whole process successfully. It took about an hour. Her name was Emma and we tried to get her extension number for future use, but they won't give you one - you just have to take pot luck and hope they are cooperative. Anyway, you may have already been through the wringer and this may not help, but just thought I'd offer it. Max support line is 1-800-638-8291 (if that doesn't work call the sales number - that always gets you to somebody). Hours are 8:30 A.M. to 6:30 P.M. Eastern. Good luck.
  19. I get an error for every single return that was restored. "the return you selected cannot be opened. Please restore a previous version of the return and try again" I've uninstalled, reinstalled. I've restored over and over. I've done everything I can think of and I cannot get it to work. Please help!
  20. What I find confusing is OP said 70 year old tax payers only had investment and SSN (I think that is Social Security). Now they have 1099R income?
  21. Hmm! I guess I was reading more into it than there was, perhaps conflating the page numbers with the years? [2016 (p7)]??
  22. @Max W Ed, where do you see 2 years mentioned? Everything in the two posts are for 2016 other than examples and his mention of computer errors in general and citing a separate problem with 2018 TT's 2210 bug.
  23. What is really odd is that there two years dealt with on one CP2000. CP2000s are issued for each separate year. My hunch is that someone was assigned to do a CP2000 for both years and tried to do it on one. What tax year does the letter say at the upper right? What is the tax year? The second thing that is odd is that the transcripts do not match the 1099R's. CP2000's are initiated when a mismatch of the transcript income for a specific from is greater than reported income. For AUR the only way IRS determines the correct income is from the transcripts. For appeals, did you file the request on form 9423? You can also use CDP form 15123. Although, it is ostensibly for determine if the IRS used the due process procedures, but also, any other issue can be brought up. Both have to be timely, but form 15123 also allow for an equivalency hearing, if the deadline for filing has past.
  24. Thank you Yes. " Odd." Until convinced otherwise, I conclude that it is the AUR software that is "odd." I cannot accept that a natural person composed communications so internally contradictory. Computers, of course, can readily generate contradictory statements. Having neither shame nor embarrassment, they do what they have been programmed - or misprogrammed - to do. They are perfect sociopaths. No relationship to rollovers. That has been explored. I tried to be clear. It is exactly as described: 1) reported $86,987 in Retirement income for 2016 (p. 3) AND 2) reported "$0" in Retirement income for 2016 (p. 7); a) should have reported $86,987 in 2016 Retirement income from those payers; b) should have reported $83,510 in 2016 Retirement income from those payers; and c) should have reported $170, 497 in 2016 Retirement income from those payers. Transcript ordered and delivered. It reported $26K in pension and annuity income for the taxpayers in 2016. Taxpayers both took lump sum distributions (1973 and 1999). Neither has even been the beneficiary of an annuity. So the transcript was not so useful. I didn't expect "answers." I did wonder how many others had encountered. I have already found a couple of other instances. For example: [ https://accountants-community.intuit.com/questions/1776340-anyone-see-these-cp2000s-that-show-ordinary-dividends-that-were-omitted-from-return-but-it-shows-that-the-same-qualified-dividends-were-included-on-return ] The repeated statement that most recipients pay the "Amount due" without question, militates towards underreporting (to use that word) of such IRS errors. As I routinely encounter private-sector computer errors in my daily life, as with TurboTax for 2018 and the "you must complete Form 2210 bug," and others relate the same, is acknowledging this particular apparent software lash-up just too horrible to contemplate? I can see the motivation for denial at IRS. I found the TIGTA report of CP2000 errors. "Most Automated Underreporter Program Notices Are Correct; However, Additional Oversight Is Needed," September 25, 2008, Reference Number: 2008-40-180. The IRS rejected the TIGTA's conclusions. The large down-sizing followed.
  25. Something is definitely odd. Did you perhaps also have transfers/rollovers from retirement plans in addition to the regular retirement income that weren't rolled over timely, more than one rollover in the 12 months, or that weren't reported properly on your return? Was there perhaps a reporting error by the custodian? With this level of mismatch from return to notice, you might have considered requesting a transcript of your account for that tax year to match against the CP2000. Do you have some other specific questions for us or to discuss the impact of budget cuts?
  26. Taxpayers in late 70s receive only investment income and SSN. They do not itemize. All domestic. No dependents. No special situations. Pretty simple return. Late last November, they received a lengthy CP2000 from Andover AUR that asserts that they: 1) reported $86,987 in Retirement income for 2016 (p. 3) AND 2) reported "$0" in Retirement income for 2016 (p. 7) Same payers. Same year. Allegation 2) wildly contrary to 1040. The CP2000 goes on to assert that they: a) should have reported $86,987 in 2016 Retirement income from those payers; and b) should have reported $83,510 in 2016 Retirement income from those payers [Figured this out. AOR omitted one item of Retirement income and made several rounding errors]; and c) should have reported $170, 497 in 2016 Retirement income from those payers. [Total of a) and b), above, for no rational reason]. The CP2000 also claims that they reported $1,520 from a given mutual fund (Torray Fund) as Qualified Dividends for 2016 but failed to report that same $1,520 as "Taxable dividends" for 2016. For all purposes, the CP2000 states that the "Amount due" is $29,910 in tax, interest and penalties, despite the wide range of claimed unreporting/underreporting. The 1099-Rs add up to the figure in 1), above, $86,987, the total of lines 15b and 16b of their 1040. (So I conclude that I didn't mess up.) Explain as I might, I cannot get a "no change letter." A different AUR "campus" wrote (no name, of course), saying they ("we") would contact me in "an additional 60 days." SNOD was issued in August for the $1,520 only. Petition timely filed. IRS lawyer answered, denying my allegations about contents of CP2000s and SNOD for lack of knowledge or information sufficient to form a belief as to what IRS said in those documents and asserting an entirely new number for "underreported" dividends from Torray Fund - a number not listed in the CP2000 or SNOD, probably a typo. Multiple written requests for an Appeals hearing have produced no contact from Appeals (I am told they are "busy.") IRS sent the taxpayers and additional, whopping $6.00 refund check in August. No explanation. Seems like computers are acting autonomously and have programming "issues." Is it my imagination, or are things getting much worse after the "popular" budget cuts at IRS? I recall the Tax IG reporting errors in CP2000s about ten years ago.
  27. The cousin's wife had a regular IRA and neither she nor the attorney she used evidently had an understanding of the beneficiary designation. She went to an attorney and did not advise her husband who after her death was presented with this surprise. The fiduciary as stated simply placed the assets into his account. They lived in Florida. These IRA assets were a settlement from her first husband. She had signed a divorce settlement stipulating that if he outlived her the remaining IRA assets in her account would revert to him. It was quite an interesting mess to say the least. As far as my client is now concerned he is going to sit down with the respective fiduciaries and do what's best and I'll get on the phone and get my own in order as well. Thanks again.
  28. To be straight forward with you Edsel, if your clients truly need or want (which I cannot Imagine) financial information prepared in accordance with Generally Accepted Accounting Principles, then you need to refer them to someone who is both qualified and licensed to provide that information. GAAP is huge and encompassing. It has nothing to do with filling in a balance sheet on form 1065 or as you say "doing our job correctly". But FYI, you do not report deferred taxes for a pass through entity.
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