Jump to content
ATX Community

Leaderboard

Popular Content

Showing content with the highest reputation on 02/08/2019 in all areas

  1. A man finds it very easy to misunderstand something when he senses that understanding it is going to cost him money.
    5 points
  2. I don't know what it stands for, but if you google CFS Tax Software, you should be able to find them. They are a company that makes software to support tax preparers. Tax Tools is their most commonly used program, and is really a program that has a lot of useful utility programs such as loan amortization calculator, flowcharts, worksheets, some tax forms, etc.
    4 points
  3. I found a good one in Tax tools from cfs. Tax books also has a good one.
    3 points
  4. Well, dang! I shall ignore instructions and go for this now. It will make my life easier, for sure. Guess I wasn't bold enough once Silverton did this: Questions regarding the new tax code should be directed to the Regional Income Tax Agency (RITA). and this: EFFECTIVE JULY 1, 2008 THE VILLAGE OF SILVERTON EARNINGS TAX IS ADMINISTERED BY THE REGIONAL INCOME TAX AGENCY (RITA). I did just reread the tax code effective January 1, 2016, and it does, indeed, state a generic return will be accepted. Many thanks, Jack! I hate the RITA return, did I say that already?
    2 points
  5. 2 points
  6. Article in the Journal of Accountancy offers information on the IRS's efforts to expand the Protection Pin Program: https://www.journalofaccountancy.com/news/2019/feb/irs-identity-protection-pins-201920605.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=08Feb2019&utm_content=button Identity protection PIN program expands By Sally P. Schreiber, J.D. The IRS is expanding to seven additional states its voluntary program for taxpayers who wish to obtain identity protection personal identification numbers (IP PINs) and are not currently victims of tax return identity theft. The pilot program originally involved Washington, D.C., Florida, and Georgia. IP PINs will now be available in seven more states: California, Delaware, Illinois, Maryland, Michigan, Nevada, and Rhode Island. Those states report the highest number of identity thefts to the Federal Trade Commission. An IP PIN is a six-digit number assigned to eligible taxpayers to prevent their Social Security number (SSN) from being used on fraudulent federal income tax returns. It allows the IRS to verify taxpayers’ identities when they file their return. This prevents a criminal from filing a tax return using the IP PIN holder’s SSN. The voluntary program permits taxpayers who last year filed a tax return from one of those states to obtain an IP PIN by using the IRS’s Get an IP PIN tool to authenticate their identities. To obtain an IP PIN, taxpayers must validate their identities through a two-factor authentication process called Secure Access. The pilot program will not have a manual option for taxpayers who fail to authenticate their identities. Any taxpayer in the listed states may obtain an IP PIN. The IRS will continue to issue by mail IP PINs to taxpayers who are confirmed victims of tax-related identity theft. However, these taxpayers may also use the Get an IP PIN tool to obtain an IP PIN immediately. Once the IRS determines its systems can handle the expansion of the program to the additional states, it hopes to be able to offer it to taxpayers in every state. The AICPA has long supported expansion of the IP PIN system and has urged the IRS to consider issuing IP PINs to all individuals. (See, for example, the AICPA comment letter to the chair and ranking member of the Senate Finance Committee dated Sept. 15, 2015.) — Sally Schreiber, J.D., ([email protected]) is a JofA senior editor.
    1 point
  7. I had to read this a few times, and thought about my past, and it definitely rings true! Then I grew up.
    1 point
  8. All right, another challenge for hackers !
    1 point
  9. For business use (or for any email account you want to be sure to receive messages), you should probably turn off all auto filters, then setup manual filters for messages you are certain you do not want to see. Yes, this seems backwards, but it is the only way to be sure not to miss anything you wanted to see. There are other tricks of the trade, such as using special email addresses for things like mailing lists or online shopping (some mail services allow you to "add" things before the @ sign, without having to create specific addresses, which can then easily be filtered/tracked). Or for mail you are having trouble getting seen, send using the same provider, if you can (gmail to gmail for example). And be careful with the account you use for important sending, as it could get lumped as spam via the various auto filters. I just recently got completely fed up with complaints of messages not being received. Of course, I have NO control over receipt.viewing, only sending. So I have changed to a paid mail sending service which provides actual delivery confirmation (not viewed, as that is not reliable since it requires html messages, and a hidden image, which can be disabled by the reader). Just today, someone is telling me we never sent their receipt. We have sent it several times, and have confirmation it was received by their email provider. Unfortunately, they gave us no phone number, and a bad fax number, so we have to rely on USPS to deliver the printed copy of the message and receipt - since the likely problem is the receipt/receipts was/were sent to their spam folder. --- Speaking of USPS, my nearly 30 year old CBU (cluster box) was broken into. (Likely first of the month meth heads looking to sell a sack of stolen mail for a few bucks, my cameras do not cover the CBU, but a neighbor's does...) Only lost one item I have to replace. Of course, most of the neighbors have no idea it is up to us to pay the 1500+ for a modern CBU (no HOA) and most think USPS will fix it. Most of my mail does go to a POB, but for now, USPS is not enabling forwarding the rest, because of the damaged CBU, and is making me go across town to the main PO. I have to go to the PO unit where my box is to see if they can force the forward through. I did discover something I missed, that my POB allows me to enable a "street" address for my POB, meaning I can have all mail and packages shipped to the "street" address, as long as it is "USPS mail" worthy (under 70 lbs, not alcohol, etc.).
    1 point
  10. If you choose ADS (Alternative Depreciation System) under Sec. 168(g), farm property can be depreciated straight line over 10 years.
    1 point
  11. I would not like to use 5 year on a 100k tractor. TP does not need the shortened life span for these big purchases. What alt would you use?
    1 point
  12. Good catch however that is rarely the case. I do drill clients (Yes drill, I keep them talking until I feel they are telling me the truth) and in all my cases they are either their kids or no relationship at all.
    1 point
  13. Not so fast... I like the answer "Who's yo daddy?". Let's not assume and ask our clients. One time I had a similar situation... a client told me: "my girlfriend moved to my house with her two children and I pay more than half to upkeep the house". After a few questions a couple of questions I said "You do qualify for HOH". When I asked "who was the father of the children?" he replied... "my brother".
    1 point
  14. Not unless her kids are his kids. If only hers they do not qualify him for head of household.
    1 point
×
×
  • Create New...