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I just bought a new computer to run W11 and had the old hard drive cloned over. Quickbooks Desktop 2019 still works fine on it. But like Catherine, I kept my old W10 machine just in case any issues arise with any software in the future. I plan to run it about every week to keep it updated until Oct 2025 (and beyond if I decide to take advantage of the 1-year extension I keep hearing about) Then I will just run it offline if necessary.

I would also be lost without this board. Thank you to Eric for keeping us going, & to Judy for moderating. You can make your donation automatic - annual, quarterly, monthly. Check the Donate link!

i have QB Pro 2019 on Win 11 with no problems. I use it only for my personal business accounting so cannot speak to any potential issues with payroll or other updates. In fact, I don't think it even updates any longer but it serves my purpose.

I just got it. Sent an email to my Congressman telling him if the rule goes into effect on July 1, I will not vote for him again. Tom Longview, TX

I'm using QB Premier Accountant 2017. I bought a new computer with Windows 11 in May and sent it and the old one to my IT guy to transfer everything. He struggled with my "real" software a LOT and I ended up on a call with Sage support last week because I couldn't access the payroll tax forms. There were quite a few questions when IT moved QB but he was able to make it happen and I've been using it daily for over a month with no issues.

But who knows - I may take this as impetus to update my probably 10 year old W10 laptop with the flaky "n" key and nearly-unusable space key! Hey, it works fine on vacation with the plug-in keyboard...

I definitely would be forced to retire. I hope that everyone remembers Eric before you spend all of your profits. Also, a special Thank You to Judy for her pristine Moderation and all of the rest of you who reach out so generously to help those of us in need. I couldn't do this without all of you.

I've got personal stuff on QB 2021 on a W10 machine. If it won't work on W11, then that machine will get kept on W10 and I just won't use it online.

Posting in case anyone here hasn't read the email saying that ID.me will be required to log in to the PTIN and other IRS services.

I have not seen it, but then again I've been away for a bit and have not opened my work email except on my phone just to dump spam. Anything that looked real has been ignored. I really oughtta go look at the real stuff, I guess. Got all the mail opened & dealt with, so I'm running out of good excuses.

Maybe the emails are being sent in batches. Here it is for anyone that hasn't seen it yet.

If you were backing up you authenticator via your Microsoft account you may be able to restore via that method.

What authenticator are you using? Most have an export option. Download the app on new phone - sign in to the app. Go to the old app and export - should pop up an QR to scan on new phone.

I use Quicken 10 for all of my personal bookkeeping.

I got mine on Saturday.

Copied from the Tax Advocate's Mid Year Report to Congress: "One longstanding filing season challenge that remains unresolved is lengthy delays in resolving identity theft cases. There are two categories of identity theft cases. One involves returns that IRS return processing filters flag as potential identity theft; the IRS flagged about 2.1 million such returns. In these cases, the IRS sent a letter to taxpayers notifying them they had to authenticate their identities before receiving their refunds. The IRS typically takes several months to resolve these cases. In the second category of identity theft cases, a thief has stolen a taxpayer’s identity and filed a tax return using the taxpayer’s name and Social Security number. These taxpayers are victims and may also be experiencing the effects of identity theft beyond the context of their tax returns. Their cases are referred to the IRS’s Identity Theft Victim Assistance (IDTVA) unit for resolution. As of the end of the filing season, the IRS had about: 387,000 IDTVA cases in inventory, and the cases were taking an average of about 20 months to resolve. “These delays disproportionately affect vulnerable populations dependent on their refunds to meet basic living expenses,” the report says. In fiscal year (FY) 2023, 69% of affected taxpayers had adjusted gross incomes at or below 250% of the Federal Poverty Level." Sometimes my mind really struggles to understand this stuff

G2R Thanks for sharing this disaster with us. It certainly puts a different perspective on whether or not to use IP Pins

It was Joe McCarthy. He was indeed great. I think he said his wife took the deferred resignation, also, but I'm not sure I remember. She prosecuted the Son of Boss or one of those schemes. They're both wicked smart and probably saved well for retirement or have already found consulting jobs. I hope they go into tax teaching.

Copied from the TIGTA Report "FY 2023, cases worked by TAS generally met its acceptance criteria and taxpayers’ issues were fully addressed. However, we found TAS case advocates did not timely contact taxpayers or their representatives in 103 (63%) of the 163 closed cases we sampled. The initial and subsequent contact delays for these cases totaled an average of 146 calendar days late." "The National Taxpayer Advocate stated that TAS case advocacy is facing three challenges: rising case volume, new staff, and outdated systems." Well, this is really discouraging

And the burden of TAS failures and IRS administrative bungling falls upon the taxpayer.

Was that still Joe McCarthy? He was indeed great, very helpful and so funny that no one fell asleep during his portion of a seminar. He once told those "who have never been in an IRS return processing" campus, they really do take all the staples out and have papers scattered over the floor, which is why they request the same docs three or four times. His wife was an IRS agent. If she still was, maybe she's been downsized too. Tough to have both breadwinners in a family unemployed. And it's the IRS's and our loss to have so much expertise dismissed.

On 16 April I heard from our CT Stakeholder Liaison that he'd accepted Deferred Resignation and expected to be put on administrative leave shortly while being paid through September. By 9 May I heard from new Stakeholder Liaisons in NY (2) and NJ who are covering the northeast. I think CT's Liaison (who was great, by the way!!) was gone by 30 April. Probably the same end-date for the former NY and NJ Liaison's.

That's all correct and you don't need to do anything else. There is the question of basis in the S corp and whether any of those distributions are taxable, so be sure to do the basis calc on the K1.

20 months?!?!

It's sure not going to get any better. From the TA Mid-year report to Congress The TAS itself has been reduced by 25 percent. BTW, my understanding is that those who took the offer are actually leaving at the end of this month, though they will "remain on rolls" and get paid through Sept. 30.

But not unexpected or surprising.

That's correct. What this means is that the final 1040 can show up to a $3,000 loss (just like usual) and any remaining loss carryover is lost. The planning opportunity mentioned is where a surviving spouse can sell capital assets having a gain in that year of death so that the otherwise unused losses would offset those gains. Example: your client is allowed $3K of losses allowed in the current year and $25K losses unused that are going to be lost. The taxpayer (prior to death) or surviving spouse any time during that year, if filing MFJ, could have sold other capital assets having GAINS up to that $25K with no additional tax effect. If single, that client could have done that in prior years or in the final year prior to death to use up the losses so that they aren't lost. For a single taxpayer where someone has a POA and is aware of the situation, that person could so initiate such a sale of capital asset prior to the taxpayer's death.

Herein lies my confusion. However, when you die, any capital loss carryover is lost. It cannot be utilized by your estate or surviving spouse except in the final tax return filed for the year that you die. Therefore, it’s important to use as much of the remaining deduction as possible in the final year (or in the years prior to death). There are planning techniques available to help accomplish this goal.

No, the losses in year of death are handled like any other year. Any capital losses that are unused (those that would carryfwd if the person lived) are lost. They die with the decedent.

I received it just now. I came here hoping to see it was spam... I guess not...

I am one of the cases. We originally filed the return September 2022 -- In January 2023 after still not receiving the refund, we learned there was ID theft. Elderly client who unfortunately passed away during all this. The fraudulant return was flagged, and luckily, not paid out. When the legitimate return was filed, the process of ID verification begin. We had to go through ID verification 7 times before it finally stuck. (well hopefully, the refund has still not produced) Originally in June 2023 we were told it could take up to 430 days. In August 2024, we were then told maybe 640 days. Called last week (you know, 2 years and 9 months after filing the original return we filed) and were told ID verification is confirmed, but it has yet to be assigned to a case worker. So, about 1,000 days later ... we are hoping the National TP Assistance will help us.