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"In God we trust. All others pay with cash, check or credit card BEFORE delivery of the completed tax return." Raise your fees 5%, then check out Square for accepting CC. They charge from 2.75-3.25%

and my favorite comment, don't forget to allocate part of the step up to land!!!

Allowed to RETIRE?!?!?! WHERE ARE THE HANDCUFFS!!!!!

Thank you again!

This is probably not related to Equifax, but last week my wife got a phone message to call the number on back of her MasterCard and was told she will be getting a new card due to a possible compromise. Then this morning I have an email from Discover card saying they will be sending me a new card due to an external breach and my card may have been compromised. This happened to my wife last year too, possibly from use in a large retail outlet, she was there again recently. I think it's time we go to eyeball or thumbprint recognition. My brokerage uses voice recognition, which is immediate when I call. Must be easy for them as there is no mistaking my distinctive Brooklyn accent. Thanks Sara EA, I just found out about Innovis (they must be really new, it comes up on spellcheck, Equifax doesn't).

Now the attorneys smell blood, supposedly 50 different action lawsuits have been filed. The attorneys will become multimillionaires and we will each get a check for $ 10.

Perhaps it's done through changing your CAF information ?

They call it "John Wayne TP". It is rough, tough, and it don't take crap off of nobody. Tom Modesto, CA

So when they get the penalty letter for $195 per month, per partner, who gets to deal with that? It takes time to prepare the penalty abatement letter. Who is going to prepare that? Who is going to pay for it? The other partners should be made aware that a big penalty is coming and they should have the opportunity to pay your fee so the return is filed on time. Let Mr. Cheapskate owe them instead of you, and sidestep the involvement of the IRS.

Sara touched on the computer-based security questions in her post above, and today a friend ran into this situation when trying to place a freeze and get her free credit report. These tasks are going to be especially hard for some women who have changed their name recently. Below is my friend's real-life example that happened this morning. Her background: Divorced and changed her name back to maiden name a year or two ago, bought a new house this year and moved in so her address has changed. She can't get passed the security question of "which person do you know that lives, or lived, at [insert address she lived at ~ 15 years ago]. She picked "none of the above" and thinks possibly that there is a person somewhere with the same last name that she doesn't know and that the computer is matching with that really old address. Now she is being instructed to send in her SS card, DL, and a utility bill by U.S. mail. How much more insecure and a PITA can they make this? I also agree with Sara that IRS should be issuing IP PINs to everyone as an added form of i.d. in order to file returns, or some other form of i.d. that must match up before processing the returns. This is going to be a nightmare for a looooooooooooooong time.

This really can't be emphasized enough. I have seen so many websites and servers get hacked due people being lax about applying security patches--it is by far the most common way for an internet connected system to be compromised, and the easiest to avoid.

This was covered in the other linked topic too. Below is how to handle the assets, and please DON"T added the old and new basis together and start over. You have to allow the program to calculation the depreciation through the DOD and then take it out of service. Then divide the cost and accumulated depreciation in half to arrive at the husband's original share of cost and a/d to be reentered because that will continue on at half value of the original cost and half the a/d already taken. THEN, also enter one-half of the "stepped" FMV that was inherited from the spouse as the basis without any accum depreciation to start, use the DOD as the starting date because depreciation starts over on the portion that husband inheritied. In other words, for this year the depreciation schedule will have the original depreciable assets through DOD AND 2 components for the time after DOD on the depreciation schedule for each asset that was owned. As an example, let's assume a house with a cost of $160, a/d at BOY of $55, current deprec of $1 calc'd through DOD, a/d at DOD of $56, and a FMV of $350. Your depreciation schedule will show these lines: House, cost $160, a/d BOY $55, current deprec $1 (allow system to calc the partial year deprec), a/d at DOD $56 - out of service at DOD (or disposed with no gain, however ATX handles that) House (for H's orig. share), USE ORIG DATE IN SERVICE, cost $80, a/d (at DOD) $28, current depreciation calculated for portion of year after DOD and you will have to override this to report the proper partial year amount House (for stepped up inherited portion), use DOD as date in service, basis $175, a/d -0-, allow system to calc depreciation for current year that will be from DOD through year-end IF he happens to sell the house within one year, you will have to override that gain to tell the system that the gain on the stepped up portion is also long-term because inherited assets get long-term treatment, but after one year, that won't be an issue any more.