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Showing content with the highest reputation on 12/17/2024 in all areas

  1. Which one, and at what point are you stuck? Here's general instructions that I posted in another similar topic: 1. Install ATX on your system. 2. Download the authenticator to your mobile device. 3. Open ATX 2024 and create your password. It should bring up a screen with the QR box to scan and a box to enter the initial authenticator code. Leave this screen open and go to #4. 4. On your phone, open the authenticator and click the + button and point the camera at the QR box. It should scan the QR and automatically set up "ATX 2024...." and generate a numeric code to enter into the ATX program. This is the initial code that pairs your software with your mobile device. Enter that code into the box in the ATX software that you opened in step #3. It should be paired now. From then on when you open ATX, you will enter your password and then it will ask for a 6-digit code from the authenticator. Open the authenticator and look for the one that says "ATX 2024" and it should have the 6-digit code to enter. That code is good for 30 seconds and will automatically refresh every 30 secs. Make sure the clocks on the computer and the mobile device are the same, otherwise the codes will not be in sync and may not work because of the 30 second refresh rate.
    4 points
  2. Get paid up front plus an extra retainer to deal with the penalties etc. Once they get the bills from IRS, your payments go on the back burner.
    3 points
  3. Update: I deleted the authenticator on my iphone and went back to the App store. Turns out, when I entered BitWarden in search, the search results did not have BitWarden at the top. So I screwed up by clicking on the top result and downloaded some unknown authenticator app. This time I downloaded the real thing and it is a much cleaner process. Geez...one more year...
    2 points
  4. I apologize, it appears that some of the rules may have changed, since I helped my client. You should read the instructions for Form 1128 : https://www.irs.gov/pub/irs-pdf/i1128.pdf
    1 point
  5. In my client's case the deposit had to be maintained because by changing to a fiscal year you are deferring taxes until the future. It was not applied to the following year.
    1 point
  6. I did it years ago. Assuming the same rules apply, the approval is not automatic and you need a legitimate business reason. My client was required to post and maintain a deposit of of potentially deferred taxes.
    1 point
  7. Just got a call from a long-deceased client's executor, who just today got a letter from the IRS claiming they cannot send out a refund because they lack Form 1310 - for 2018. For a client who died in May 2019, *after* we had filed his 2018 return. *And* for whom we sent in Form 1310 - at the IRS' request - in October of 2020. This has been sitting on someone's desk for over four years? Your tax dollars at play!
    1 point
  8. Even though first time penalty abatement may be only for the first year, try to lump the years together and claim that it is the first time. This worked for me (one of my clients) several years ago. The IRS originally only abated the first year but after a second letter (which I composed) they abated the penalties for all years. It is worth a try.
    1 point
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