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Yes. There a a second Authenticator. you can add to the same Authenticator.. open MS Authenticator.. click + sign and add another account.

No....I had the same issue. On the page of your phone for the authenticator app, there is a plus sign in the lower right corner. Press plus and it will allow you to scan the Payroll program and enter a second authenticator onto your phone the is designated Payroll 2024 on Desktop. It was really easy and simple, but more fussing around. Good luck.

I don't use ATX Payroll but since it's built into ATX, I don't see how you'd need another authenticator linked, but if you do, you could use the same authenticator, but as a separate sync up.

Unfortunately case law is not in favor of your client. "Gomas v. United States, U.S. District Court for the Middle District of Florida, Case No. 8:22-CV-01271, July 17, 2023" held that since taxpayers freely authorized the distributions they were taxable under sec 408(d)(1). In another case, Roberts v. Com, the taxpayers ex-wife forged the authorization of withdrawals from his IRA. Then she received the check and forged his signature and deposited them into a joint checking account that she had sole access to. But in your client's case, it appears she authorized the distributions and had control of them. See RR 2009-9 and RR 2009-20 for details on a qualified investment loss.

In general, casualty and theft losses for years 2018 through 2025 are only deductible if related federally declared disaster, and specifically for theft losses, those losses are currently only allowed for those losses that resulted from transactions entered into for profit. If the loss was from an investment type scam, then it may be deductible, but the original post didn't say what lead to the loss except that dementia played a part and that the funds came from an IRA.

I renewed last year; CPE info was correct. Took a couple months to get my card, IIRC. I do keep paper and PDF copies of all my CPE certificates. Eventually the paper gets tossed, but electrons are cheap so those I keep.

She should be eligible to deduct a theft loss on Form 4684 and Sch A. I had a client in the exact same situation. He didn't admit to me what happened until his financial situation became dire. Once he did, he felt comfortable enough to admit that it had happened twice. IRS accepted the first submission with no problem but questioned the second. He eventually prevailed. Still, all he saved was the tax, which would have been an added burden on his depleted bank account. He never got his money back and had to sell his home and move in with his children. The part of me that wants to think there is good in all people is facing the fact that there are many exceptions.

In the past several years I have had three business clients who had fraudulent checks which cleared their checking accounts. I found them when I did my monthly checking account reconciliation. In two cases the banks reimbursed my clients. In the third case the bank refused to help my client. However the amounts were only 2 or 3 thousand dollars.

December 3, 2024 Press Release NFIB’s lawsuit challenged the Corporate Transparency Act and beneficial ownership reporting requirements WASHINGTON, D.C. (Dec. 3, 2024) – The National Federation of Independent Business (NFIB) applauds today’s decision in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al. at the U.S. District Court for the Eastern District of Texas. The Court granted NFIB’s request for a preliminary injunction, blocking the U.S. Department of Treasury from enforcing the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements. “This ruling is a huge victory for small businesses nationwide, and just in time” said Beth Milito, Executive Director of NFIB’s Small Business Legal Center. “For many Main Street small businesses, they were a mere four weeks away from the deadline to file their information in accordance with the CTA. The BOI reporting requirements are a harmful invasion of small business owners’ privacy and a misuse of their valuable time. Thankfully, the Court agreed and granted a preliminary injunction, giving small business owners a reprieve from this burdensome rule.” NFIB’s lawsuit argues that the CTA is unconstitutional in that it exceeds Congress’s authority over the states, improperly compels speech and contradicts the right of anonymous association guaranteed by the First Amendment, and violates the Fourth Amendment by forcing the disclosure of private information. NFIB partnered with The Center for Individual Rights (CIR) and filed the lawsuit with the Texas Top Cop Shop, Data Comm for Business, Mustardseed Livestock, Russell Straayer, and Libertarian Party of Mississippi. Because NFIB and its nearly 300,000 members were a party to this case, the judge blocked enforcement of the BOI reporting requirements nationwide. This reaffirms the power that NFIB members hold when they stand up and speak out in protection of their rights. The NFIB Small Business Legal Center protects the rights of small business owners in the nation’s courts. NFIB is currently active in more than 40 cases in federal and state courts across the country and in the U.S. Supreme Court. Tom Longview, TX

I believe that if fraud happens with a credit card that the CC company must assist you and make things right. However, if the fraud happens with a bank or investment company, they are off the hook, even if they have been less than vigilant in protecting your funds.

Thanks to all for confirming that really nothing could be done. She is not in a position to take advantage of this loss in any way as it was neither business nor casualty. She has already refinanced her mortgage based on her sister's recommendation. I don't know the details but am fairly certain I would have advised against that. She thought she needed more cash currently. I think she now has a higher rate. Alas, dementia is not a reason to have other taxpayers cover her losses or taxes owed. The scammers are just awful humans, in my opinion. I'm wondering whether, with my aging clientele, I should reiterate a caveat to maybe contact me if someone approaches or calls them about sending money. This client said her gut feeling that something was wrong about this but hesitated to ask either her sister or me. The phrase "can't fix stupid" comes to mind but, sadly, so does the fact that adults with dementia are truly not of sound mind.

I had a client, cashed in her IRA when she was scammed.. received a 1099-R for like $ 75,000 or so. Got the local congressman involved.. He got the IRS to open a case to see if taxpayer could be given some relief.. relief was denied.

Unfortunately, unless Congress grants relief, this will be a matter of dealing with collections. Maybe getting CNC status or an OIC.

If it's unconstitutional, that is by its very essence national and universal within the nation, the Constitution still being the "Supreme Law of the Land," "and the judges in every State shall be bound thereby" (Article VI, 2nd paragraph).

I did not overindulge this time! Have a nice long weekend, and safety to those of you that will be traveling.

Supposed to be nationwide. However, very confusing since the judge in Alabama said he couldn't expand to everyone and this Texas judge says he can. They are both in the same federal circuit (5th?) so very different rulings. I expect Fincen to come out with a statement that they are appealing and that they expect taxpayers to comply with their rules during the legal process. Tom Longview, TX

Bloomberg Law: "We note this is a preliminary injunction, and we urge reporting companies to pay attention for additional updates and proceedings in this and other cases which could modify or change this order." Good, I can put this on the back burner

Take a look on your account. Mine is showing 2024 is available.

When I first read that, I thought it said decedents. Still in a food coma. Tom Longview, TX

I cooked and fed all of my descendents. It was wonderful. Today, I am doing nothing. We have so much to be thankful for.

HAVE A GREAT DAY.

This is exactly what drew my attention where this newer member would regurgitate the OP question and facts, and then incorporate an answer. It seemed weird and robotic because the tone here and on many forums these days is more casual and conversational.

The IRS is required to process an original return filed by the taxpayer even after it's created an SFR. Here's some other information on SFRs that you may find useful: https://www.thetaxadviser.com/issues/2023/apr/is-a-substitute-for-return-a-return-understanding-the-statute-of-limitation-for-credits-and-refunds.html

From memory, a SFR is NOT an original return, so you file an original return. Someone will know for sure and cite.

Until an AI provider can certify the data they are using as their base source was not copyrighted, or they have a release for all of their data, using AI is stealing from copyright holders, mainly via web site scraping. AI is not a case of fair use or excerpts; it is complete and total theft of product (sans releases or public domain data). It is comparable to going to a local library, scanning all books, then reformatting what one has scanned (stolen) and selling it.

Support for Windows 10 continues until October, 2025 (not 2024). You will likely start getting more pop-up "reminders" that the end of support is coming.

A client with a measure of dementia creeping in called me with her tale of woe. She has been too embarrassed to call me months ago when this began. Apparently she fell for a scam which resulted in her sending several hundreds of thousands from her IRA. She finally got suspicious when it was never enough and contacted an acquaintance in the FBI. Ironically she had taken a citizen's course about the FBI a few years ago so had a contact but her dementia interfered. The agent told her that this was a major scam going around and, of course, a federal offense. He took down lots of details as she kept many notes. A case is being built against these folks. She is hoping that there will be some mitigation but I think not. I told her to get information from the bank and, to avoid further embarrassment, to just state her CPA needs this for year end tax planning. She seems to think that $78,000 was the tax and I'm hoping that was withheld. No state tax, though. I think she is up that creek but told her I would look into this. She has enough to live on but it will be a reduced lifestyle going forward. If she owes (almost for sure), additional tax, I assured her that payment plans are possible. Is there anything I am missing that she or I should know? I've had clients with stolen identities but this is a first. These are despicable people taking advantage of elderly.