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Everything posted by Abby Normal
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Plus, being able to check the client's account for things like estimated tax payments.
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Changes to Sch D Tax Worksheet released 5/15/19
Abby Normal replied to Abby Normal's topic in General Chat
Nothing yet. -
Changes to Sch D Tax Worksheet released 5/15/19
Abby Normal replied to Abby Normal's topic in General Chat
No need to be sorry. I just wanted you to have more info on this. And speaking of 'metal acuity', I just noticed that I typed 5/5 instead of 5/15 in the title, and left out a word in my last sentence above! -
Changes to Sch D Tax Worksheet released 5/15/19
Abby Normal replied to Abby Normal's topic in General Chat
I already posted about this: But I only two all year that even used the Sch D tax worksheet. You have to have 1250 gain for it to apply. -
ATX 17 efiling has been down for about a week or more. Rumor is it will be back up this week. We have a 990 due Wednesday (7 day extension due to CCH malware), which we are planning on paper filing.
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I think you're referring to the line 11a tax worksheet, but the one that changed is the Sch D tax worksheet, which you can jump to from line 2 of the line 11a worksheet. And here's a link to the Sch D instructions which include the tax worksheet when 1250 is involved, Edsel: https://taxmap.irs.gov/taxmap/ts0/scheduledtaxworksh_o_3bd946a9.htm The normal worksheet is part of the 1040 instructions: https://taxmap.irs.gov/taxmap/ts0/capitalgainsworksh_o_2dddbbf0.htm
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http://www.theprogressiveaccountant.com/index.php/news/item/5386-wk-malware-was-new-strain
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Changes to Sch D Tax Worksheet released 5/15/19
Abby Normal replied to Abby Normal's topic in General Chat
https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040 -
Don't know if it's temporary or permanent, but you can't download forms for 2014 & prior. About a year ago, I saw someone complaining about not being able to download forms after leaving ATX, so I decided to download all forms for federal and all states. It really doesn't take up that much disk space, and it's one of the first settings I change when installing ATX. The other related setting that seems to cause problems is updating forms or program on start. I would never have that turned on.
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States are getting desperate. We'll have to wait for the courts to weigh in on these assertions. And, of course, the states have little ability to police most of this.
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I've been seeing some buzz about the tax worksheet changing, so I checked the instructions for Sch D and they are dated May 15, 2019. I ran the original instructions and the revised one through a difference checker, and found that line 18 of the worksheet is now 3 lines labeled a, b & c. Line b references the same amounts used in 199A calculations. I only had one or two returns that used the Sch D tax worksheet this year.
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Probably need to uninstall the workstation and reinstall.
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https://www.accountingtoday.com/articles/a-massive-accounting-hack-kept-clients-offline-and-in-the-dark
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Wall St bankers are working for big corporations and they tell local brokers what to sell us. We're the least of their concerns.
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In Return Manager, under the Reports menu, you can export a client list and open in excel.
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All of these methods are just security theater and can be hacked. The one I think is best is the authenticator apps. I have google authenticator on my phone and use it for google and 2 other sites. But I'm sure it can be hacked too. There's a movement to get away from passwords and go to authenticator devices that you plug into a usb port. Just don't lose your device! https://www.pcmag.com/commentary/364693/why-passwords-might-finally-go-away
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Does anyone know if ATX keeps a copy of our efiled returns on their servers? I would hope they delete them after passing them on to the IRS or state, but I wouldn't be surprised if they kept them. And are efiles encrypted?
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Why don't we have a long Mother's Day weekend and reconnoiter on Monday.
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This is key. We never really own software, we're just licensed to use it, and we agree to the TOS without ever reading it.
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I'm only basically familiar with DNS but I did install the Cloudflare android app and I may try updating my home modem with the Cloudflare DNS addresses.
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I know they can't pursue collection on the 8965 tax for not having health insurance, because the IRS bills that separately and that's what the ACA law says. But if you got too much APTC and have to pay some back, I'm pretty sure they can pursue that.
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More general articles about this ransomware spreading: https://www.infosecurity-magazine.com/news/matrixthemed-ransomware-megacortex-1/ https://siliconangle.com/2019/05/06/matrix-themed-megacortex-ransomware-rapidly-spreading-across-corporate-networks/