Jack from Ohio

Why?

This would be a giant pain, but anyone with a deposit account with JPMorgan/Chase should get all new accounts with new numbers. This would entail restructuring all ACH withdrawals and direct deposits, but the security of knowing that the hackers do not have your account information anymore would be worth it. However, Chase will probably try to charge you for changing them. This is the only way to be certain your accounts aren't drained and should be done ASAP. I have done ZERO business with Chase for over 5 years. They have lousy customer service and are ridiculous with their rules and exorbitant fees. They are too big for anyone's (except their own)good. They have lost all touch with who is really the customer and what customer service is. They should spend enough money to hire geeks with enough skill and knowledge to protect their systems. It can be done, and is being done by many companies.

Yes. All tax rules for S-Corp will apply. Same goes for the time of filing the 2553. No other steps are required.

I added a few minor words to my posts, underlined and bolded the important dates. I asked Karen Hoskins in person, if we would be held accountable for clients answers to the question about having qualified coverage for tax year 2014, since this question will determine if the taxpayer owes any "shared responsibility" payments. Due to the fact that there is no way to document or verify the answers from the taxpayer about this question (except those that received coverage through one of the exchanges), she said that there would be no verification process by the IRS, so there would be no liability on our part for verifying the answer. Now we all know that all our clients will answer that question truthfully and honestly.

From Return Manager: Click on "Returns" Then click on "Backup Returns" There should be a big green checkmark at the top saying your data is being backed up automatically every time a return is closed. If you do not have the big green checkmark, click on "Adjust automatic backup settings" and turn on automatic backup There is a button there "Copy backups to local storage" that will create a backup file on a flash drive or a remote storage drive. It will create the same backup the program is doing, in the location you tell it to, but only once. If you wish to make a new backup in the original destination, click on the box beside "name" and all returns will be marked Then click on "backup"

Tax year 2015.

If you export/import, you will get no e-file information. Restore is the only way to get ALL data from the returns.

What years are you referring to?

When you were an auditor, auditors were trained and experienced. There is no comparison to the people performing audits now. Comparing apples to light bulbs.

And you became a moderator when???

Most of my/our clients that are not paying a big mortgage payment never cross the standard deduction, even with the Union Dues, work boots, the $300-$500 in charitable giving and the 5 bags of clothes given to Goodwill. Yet, they always ask where the deductions are. I include Schedule A and charge for it, even if the standard deduction applies. Easier to say "Yes those items were deducted" than to explain standard deduction. They just want to get their deduction for those items. Those that are smart enough to understand standard vs. itemized don't even give me those figures.

Hmmm.... Wonder if I have enough....

"Did you deduct my work boots and union dues?" Yes. Schedule A. Rents a house, $0 charitable, $75K AGI, married with stay at home wife. Charged for the Schedule A accordingly.

You have just entered..... "The Twilight Zone!"

You would have a very difficult time getting an auditor to allow that reduction. You said it yourself, "Lesson learned."

Best defense for identity theft is NOT Lifelock. You do know that the President of Lifelock was victim of identity theft? They also paid a $12 Million fine for illegal actions. Best defense is to log on to all three credit bureaus and "freeze" your credit. Cost ranges from $0 - $10 per bureau, depending upon the state you live in. With credit frozen, no one can open an account using your SS#. The bureaus will report "frozen" when an inquiry is made. If you then need to apply for credit, the bureaus issue you a password. You call the Bureau that the business uses, and in 30 seconds, your credit can be "thawed" to allow you to do whatever you need to. Once you are finished, then "re-freeze" your credit. This is the foolproof method for preventing anyone from opening accounts or making purchases in your name.

My experiences for 2013 fell WAY short of what was promised. I got fooled 3 times, and won't be fooled again. I seriously doubt that the current flaws in 2013 will be fixed. This will be in direct opposition to what I was told by top management at CCH. Call it sour grapes, it is worse. Did I mention that I was only offered the standard discount for my 2013 software? Maybe "betrayed" is the better description of what I am feeling. I was a major cheerleader and did push for people to use ATX for 2013. That was the third time I was fooled by believing them, even when they spoke the words directly to my face, person to person. Now they are singing the same songs again. I am sometimes reluctant to post due to the way I fell for their very well orchestrated lines and actions.

So I should just forget the thousands of dollars in business that their incompetent programmers cost me in 2012 AND 2013? This, despite the words from them that "...making the program stable and usable for our customers..." was to be priority? Forgive me, I have been told so many fables from CCH that I do not trust their words any more. Even at the CCH forum in July, there was indifference to anyone using ATX and much attention being given to TaxWise. Fool me once, shame on you, fool me twice, shame on me, fool me a third time and I need to be publically flogged. I have been fooled 3 times, and for my personal business, I am SERIOUSLY considering other options.

The tech that "rebuilt" your database did not address the problem. Here at the firm, with the huge number of clients we have, the database has never been "rebuilt" despite two different techs blaming problems on it. The problems were solved by other means. Regardless of what CCH has been saying, the program is FAR from being stable and solid. Techs are still GUESSING at what needs to be done to fix it. Send me a PM and I will tell you my firewall and anti-virus strategy.

Snicker snicker.... Not holding my breath. My private practice suffered thousands of dollars of lost business in 2012 and 2013 due to my inability to prepare timely in 2012. ATX and CCH have yet, actually taken responsibility for the snafu of 2012 and refuse to talk about it. I am having serious consideration of changing my private practice for 2014. The firm will stick with ATX because of several factors. For me, I have refused to talk to any sales people for all of the above mentioned reasons. Even at the ATX Forum in Chicago in July, denial and unwillingness to talk about the damage done is quite disconcerting. A 10% discount is an insult to my professionalism, especially as a long term client, and one that believed what they said after 2012 fiasco. There are still several major flaws from 2012 not dealt with in 2013. Supposedly, "...we now have a stable operating program and will be working on the items that make the program easier and faster to use..." (Insert major eye roll here.)

Do you have a router on your internet? Wired or wireless both count. If yes: Disable ALL firewalls, Disable all Anti-virus and internet protection suites. Then try opening your program. If you feel you must have anti-virus protection, remove ALL except ONE. Remove all internet protection suite functions. Delete Microsoft Security Essentials. Keep only ONE protection and make sure it is ONLY anti-virus. Remove ALL toolbars except those that are part of your browser. If you do not have a router, follow items 2 & 3 above.

We are working on our 6th one since May. The IRS computers can't are unable to link the two. (poor programming) To prevent this in the future: Enter the entire amount of interest on the spouse whose SS# is on the 1098 on line 10 of Schedule A. There is a worksheet for line 10 with a section for entering reductions of mortgage interest. Put the other spouse's name and SS# on that line and enter the amount that will be claimed on the return of that spouse. This will reduce the interest claimed on the first spouse Schedule A. On the other spouse return, put the interest claimed on line 11 of Schedule A. There is a worksheet with a place for interest paid where a 1098 was not received for jointly owned mortgage interest. NOT LINE 10!. This will satisfy the IRS computers and prevent the CP2000 from being generated.

I agree with both Ritas. Commuting. The "accountant" at his church is probably not a tax professional.

I lost a very dear friend that I have known for four years now. He died suddenly of a massive cerebrovascular accident. He will be missed. He and I have spent many hours together over the years, and the amount of knowledge he allowed me to compile is enormous. Finding someone to replace him will be a daunting task as his passing was so sudden and I need his assistance every day, including tomorrow. For those that need it..... /s Just a week ago, this desktop sent me a warning that the Hard Drive was dying. I am still in process of rebuilding, and am not sure if this one will live or die yet. For all those that have heard my speech about computers, I DO HAVE all information backed up!!

I very rarely ask yes or no questions to clients, especially new clients.