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Showing content with the highest reputation on 11/10/2020 in all areas

  1. Here's a new scam targeting professional licensees. It is being done by telephone, and the scammer is able spoof caller i.d. to project the actual state agency to make them appear to be legitimate. In an abundance of caution, the State of DE Division of Professional Regulation sent out a mass email to all its licensees describing the scam in more detail. So far here in my state, the reported cases have all involved those licensed in the field of health care. I doubt anyone here would fall for such a call, but I'm sharing to make you all aware in case any of your clients falls victim to this and because I'm sure this isn't limited to only my small state. Here's an excerpt from the email that describes this in more detail:
    4 points
  2. If the son had insurance through the marketplace, even though the policy was in his dad's name, then when he filed and claimed himself he needed to report that 1095A on his tax return. The insurance can be allocated anyway that is agreeable to both the son and the father, so you can complete the son's return showing an allocation of 0% since the father's return already shows 100%. At least that is how it worked for me on the one of these I had a few years ago.
    2 points
  3. Yes, as QB ProAdvisor you get the new software available every year as part of the subscription. You also get access to ALL version of the desktop that you can use yourself (including Enterprise, I believe), discounts on desktop or QBO subscriptions to offer to clients (at cost, keeping the extra for yourself, or at your cost, to make sure those clients don't revert to bad spreadsheets), "priority" support (that used to be better than it is now) and more. There are free online courses on aspects of QB you are not as familiar with, and after taking specified sets of them you can be a certified QB advisor at different levels and listed as such on their own resources area. That never brought me in any clients, so I only bother to take units of specific interest to me.
    1 point
  4. I agree with cbslee and think "tax home" is what you need to consider. A really old topic on our site but worthy of reading the points made: This one too that is on the subject of tax home: And maybe a tidbit of info in this one:
    1 point
  5. Or, the QB ProAdvisor subscription gets every edition as it comes out. You do pay extra for payroll, though. Going into a couple of webinars now, so can't look up what I paid today.
    1 point
  6. Damn, guess I'm doing something wrong. I only get the voice messages from the Chinese Embassy wanting me to pay them to make sure I'm not deported back to my homeland.
    1 point
  7. No, there have been surprisingly few porn sites in the mix, as far as I can tell. Maybe more among the ones in foreign languages, but I wouldn't likely recognize them unless they're in Italian, Spanish, etc. But the mention makes me think of a friend who was presenting a power point to a group of executives a few years back. His email would pop up a message on the screen occasionally, but suddenly there were several Viagra and Cialis ads in a row. After 5 or 6 had popped up, he just turned to the group and said "I wonder how they know?".
    1 point
  8. Some years back when I was the "producer" of our church newsletter (typed in all the articles the editor gave me to make a pretty booklet out of it each month, because she didn't use a computer) I went to a Christian clip-art site to get some free clip-art for our booklets. I got the clip-art and hundreds of emails. This was back when we in the country had dial-up, so anything was slow to do. It took a LONG time for my mail to load each day with all the extra spam. Hundreds and hundreds a day for days. Mostly porn sites of one type or another. Our computer was in the living room for our children to use for their homework. I never opened, never clicked links, just kept deleting for days and days. It slowed down quickly and eventually stopped. Porn sites?!
    1 point
  9. I think I may have found the answer to what's going on. If you don't mind clicking on a link, here's the article I just now read: https://www.howtogeek.com/412316/how-email-bombing-uses-spam-to-hide-an-attack/ If you don't want to click on the link, I'll try to summarize what "email bombing" is all about. The attacker has likely gained access to one of my online accounts (especially one with stored payment info), and they want to try and order from that account. They're hoping that if I get a notification about a transaction I'll miss it, or even delete it along with a group of known booming emails, and the transaction will go through. They might make the effort at the outset in hopes that I'm overwhelmed, or they might try it after a little time has passed, in hopes that they will have exhausted me and I've given up. The article also suggests a few ways to mount a defense, but it's clear that this type of attack is difficult to deal with.
    1 point
  10. Reminds me of what the owner of a company I worked for used to say. "When we're brainstorming a problem this is a democracy. But when it's decision time it's a dictatorship."
    1 point
  11. She should have re-titled the property. It should be done now. Go to the county records department with the death certificate and do this now. It needs to be done. Then try to figure out the step up in basis for future sales purposes. Any other joint property (bank accounts, CDs, Brokerage Accounts, rental property, etc) should be retitled immediately as well. If there were any stocks in a joint brokerage account, there is a step up in basis as well. Not enough info to talk about an estate return, but since there is a refi in progress, I am guessing they probably did not have enough assets to worry about death taxes. Hopefully, a tax return was filed in the year of death indicating the spouse died, so the IRS records are clean. Even if there was no filing requirement, I always advise my clients to file a return in the year of death to make sure the IRS records are updated (fraud?). Just my thoughts and what I share with my clients in this situation. Tom Modesto, CA
    1 point
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