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What a pathetic farce. My expectation for 2019 season was a gradual decrease in my workload. Good luck on that .

You're overthinking this. It was not the trusts income or expenses. This was merely a banking error. I would not file a trust return. Just treat this bank account as if it belonged to the new partnership that succeeded the trust.

Unless he is right here in my office, and I'm setting it up, he won't have it. Not computer savvy at all, but I will ask. I doubt the corrected SSA 1099 is out there because the letter we are responding to has SS income listed that was not on his original return. Bulldog, I'll let you know how I deal with it. I have to recreate the wrong return and then fix it. Meanwhile, I'm dealing with another letter for another client. UGH I do hate August/Sept taxes.

Just read on the ATX Blog that Payroll Compliance will be updated to latest platform. They're also looking for Beta testers. Poe's Raven was right on when he only repeats "Nevermore"....we'll never get rid of him.

I don't know the answer to this issue, but saying that, "It was just a banking error" seems to me to minimize what could be a problem.

While this may technically be wrong, it's how I would do it. Just document everything in your records so that you don't forget the details (I'd forget in 18 months) if the IRS ever wants clarification.

Congress has cut their budget so much, they no longer have the resources to perform basic functions. They even sort CP2000s by dollar amount and only send out the number they can handle. I haven't seen a CP2000 for less than 1,000 in the past two years.

Do you detect nearly the aggressive posture by the IRS against the taxpayers who violate HOH, EIC, false dependency as you detect this "due diligence" aggressive posture which claims they are not making auditors out of tax preparers? If the IRS would actually get off their butt and audit only 2-3 taxpayers in our county, that would be enough to scare the other perpetrators from selling their children's social security numbers on the black market.

Maybe check and see if your client has a my social security account. If he does, then you should be able access all the 1099SSA forms from his account. If he doesn't have an account, I would have him create one. Could save some time and aggravation.

Perhaps there's a corrected 1099-SSA floating around somewhere. If the only two payments received were the January and February, and these were both repaid in the same year, then SSA-1099 should have reflected that. Taxpayer may need to go to SSA office and talk with them about this, providing proof of his repayments.

Never use a home OS at work. If I was doing the whole office I'd consider Enterprise, although my experience with a lot of 'business' software has not been good. The business versions are often less user friendly.

Windows 10 Pro 1803 is perfect for what we do. Home is not domain oriented. Enterprise is the best but it might be more expensive and for what we do, it might be too much.

AGREE!!!!

The XP machine I originally had, for many years, had a serious heart attack of the motherboard. Imagine the struggle for me to find another XP machine with the associated drivers for the motherboard, and legitimate install codes. I finally got the system to access the internet, so I could put it on the network. It was touch and go for a while.....

https://myatx.blogspot.com/2018/04/windows-10-april-2018-update-releases.html?q=windows+10 Microsoft is releasing a content update to Windows 10. These content updates can potentially make your software not open as designed temporarily No thanks! Others reported printers and other peripherals not working after Win10 updates. I just need my OS to work and stay out of my way.

As Jack said, this is what I would do. I would keep my Windows 7 machine on the network and using it as needed until the MS stops updating it. Then, I would turn it off and turn it on ONLY when I really need and then turn it off again. I will have the password handy because after you don't use it for a while it is easy to forget the password. Also I would have the installation codes handy for years 2016 and on since those years have password security when opening them.

I have a machine with Windows XP in my network. I have years 2002 - 2005 on it. Those years are not compatible with WIN 7. Believe it or not, we have used it 3 times this tax season. People are getting notices for not filing for many years, and the IRS asked for the old returns to be filed. When Win10 is forced upon us, I will also keep a WIN7 machine in the network for just the same reason. Those years from 2006 and forward that are not WIN10 compatible, will stay on that machine. This process is easier than trying to get old programs to work with the new OS.

You are overstating the risk with lots of hyperbole. Windows 8.1 is on extended support until January 2023. Windows 7 Pro is receiving extended support from Microsoft until January 15, 2020, which means that Microsoft is still issuing updates and patches for all known security risks until that time. I receive weekly security risk definition updates and large monthly software updates and patches..

If any of you are NAEA a members, the July/August 2018 issue of EA Journal,has an article written by David Fogel, EA, USTCP, on the 199A deduction. Now that the regs. are out I plan to re-read his article.

If you don't mind giving Microsoft permission to install updates when it pleases and reboot your computer without asking. Why do you think they changed 'My Computer' to 'This PC'?

BINGO! And why would anyone with common sense design a two half-pages form instead of a one page form? Answer: just so some politicians can say 'postcard'. I need to meditate to lower my blood pressure.

I especially agree with the comment that the form changes may cause more confusion with the increased possibility of missed deductions.

I'd say charge finance charges every month that they don't pay. We have a lot of clients here that as soon as they realize they are charged finance charges, they pay quicker.

good for you!! Hardest part I think is finding someone to fill your role and then letting go! Best of luck.. D

Yep, that would be me

$10 an hour clerks rule the world. If they don't know how to leave a payment on account, you're getting a refund! Although, refunding part of that second check is beyond the pale.

You don't have to go with 10 on a new computer. I just rebuilt a computer and moved the old drive into the new one. The drive was not that old. If your drive is old, you could clone it to a new drive and save a lot of time setting up the new computer. I use and love 8.1 and won't go to 10 until it's forced upon me.

Must be retired IRS folks working there.

Congratulations! Best of wishes and Good Luck! Enjoy!

I, too, are in contract talks about selling my practice. Last year, the buyer was going to write the proposal, but never got there. This year when I emailed him, he was still interested and this time I am writing the agreement. So far we have agreed on the main issues and now it is time to have it written. I am keeping some clients(relatives) and some non-profits.

Sometimes their is no answer to what the brain types so fast, so go have a bear or too and prey it never happens again.

Best wishes !!!!!

Congratulations! Please do not be a stranger next season! We will miss you.

Congratulations on your retirement! Thank you for all the assistance over the years, too! I wish you the best, and hope you'll pipe in from time to time~

Nope. I typed that on my computer. Kinda scary when your brain crosses a circuit.

I plan on having a progression retirement plan like this. In about 5 years I'll start taking Friday afternoon's off. I've noticed that if I leave at noon on Friday it feels like a 3 day weekend. A lot of times I have lunch with friends on Friday so it would be a nice transition. Then I'll shift to taking another 1/2 day per week when I turn 60. We are moving into a condo in about 3 weeks. With the selling period of our house I expect to maybe have to mow the yard 5 more times at most in my life!!!! No more leaves!!!

The original intention of the Trump tax plan was to do away with all itemized deductions and most credits. But the lobbyist got to the congress and congress told the president that they would not get rid of Charitable, Mortgage Interest and Health Deductions. They were also not getting rid of EITC and CTC. That is where the negotiations started from. Trump got nearly everything he wanted on the corporate side, and Congress got most of what they wanted on the personal side. Make no mistake, this was a corporate tax bill that was sweetened just enough for individuals so that the base would support the incumbent party in the mid-terms. Politics as usual. Now the next act of this drama is going to play out. IRS will (at some point) issue guidance on how to interpret and audit the upcoming returns. Then the tax pros will figure out the best ways to save tax dollars under the new law and we will see the unintended consequences. Which will give some politicians the motivation to either try and fix the tax law (depending on their point of view) or campaign for changes in the 2020 election cycle. As we wait to get to the 2020 election cycle, the IRS is either going to take a hard line on audits or is going to try and work with congress to mitigate the unintended consequences. Look at how the IRS worked with Obama and congress on the implementation of ACA tax rules. They were pretty lax in enforcement the first year or two, then ratcheted up the compliance. They could do that again, citing taxpayer fairness and the inability of the service to handle the workload of compliance. Or they could hammer taxpayers with letters. We have not seen how the new treasury secretary and IRS commissioner have worked with the administration yet, so we don't really know how this will play out. Sorry if this sound political, but it is a political process of writing these laws. I tried to be neutral in presentment. Sorry if it offends anyone. Tom Modesto, CA

Oh retirement I’m just slowing down, I hope not too much...