b#tax

I use Taxwise but I assume it is similar to in other programs. I have an adult child filing their their deceased father's return and 1310 is not needed per instructions as the daughter IS a court appointed personal representative. My software allows me to attach the pdf of the court certificate on the main worksheet separate from the 1310. However, I continue to get a reject R0000-057-01. The software support keeps having me change the name of the attached file however, no success. I have not been able to find the XML file name the IRS is expecting for this attachment. Does anyone know what their software names the attached file in this situation?

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.

Yes and just think what it would be like if congress passes the Tax Return Preparer Accountability Act and all tax return preparers have to go through this office for renewal.....

Generally when I see these with the same account number the 1099R will be reported on the tax return and the K-1 is there to report the unrelated business taxable income which would not be reported on the return but reported on a 990-T. If memory service me correctly, they can have up 1000.00 of UBTI before you have to report. Many brokerages often handle the reporting and paying the UBTI for the client by filing the 990-T so you may need to check with the client.

Interesting article on MFA or 2FA....again a reminder that a holistic approach is needed. I just wish the rules passed down would recognize this. https://www.darkreading.com/cyberattacks-data-breaches/researchers-crack-microsoft-azure-mfa-hour

Yes it is a dilemma to know when to upgrade to a new system. I have been running my system with M.2 SSD with both raid HDD and online backup. I generally purchase upper tier processing power and with the M.2 NVME SSD I am not experiencing the slow down I have in the past as the system ages. Intel has not helped with the issues with Gen 13 and 14 processors. Makes me hesitant to jump into a system where the processors will need to be patched right off the bat. I still like desktops as they are easier for me to work on, switch out raid drives, add SSD and upgrade memory and easily connect 3 monitors. I have come across a Cisco product called Duo that is interesting for MFA application but not sure if it would work for older version of tax software that do not have it natively imbedded in the program. This is So frustrating for a small practice with myself and 1 seasonal worker. Why does this fall on us to have MFA when big providers like Intuit QuickBooks Desktop does not even have MFA in their software? Has anyone come up with a local file manager solution with MFA? I really don't want to move everything online just to comply with the new security rules if possible.

https://www.irs.gov/pub/irs-pdf/p5708.pdf

Anyone had any experience using Pistus Payroll? Looks like it is a spin off project from OLT with payroll report e-fling and tax payments. Found them via searching through IRS authorized MEF providers for 94X.

There have been several resellers of CCH Taxwise and Drake in the past as cbslee stated above. I did not switch to Sigma nor am I going to switch. This was an old post I made last year and I was updating it. I switched from CCH Taxwise to Ultimate Tax for TY 2022 and plan on renewing again with Ultimate as I am happy with the service and very happy with the price. The original reference to Sigma was when I was researching last year prior to deciding on Ultimate. Sorry for the confusion.

Yes - Ultimate Tax is a full reseller of Taxwise. I have been using Taxwise since 1994. Finally switched from buying it from CCH to Ultimate Tax and saved a bundle. Software is identical with the exception of the home page has different quicklinks. Customer support is fast. You still will encounter reps that don't have state specific knowledge but what software company has people who can keep track of all state changes?

Just an update from tax season, I did not end up setting a minimum price but I did raise my rates 15% and posted that in my letter as well as in the office. I also provided information on free services from VITA and AARP for those who felt like my service no longer met their needs. I lost some but not as many as I thought I would and pickup up almost as many new clients as I lost but at the higher price point. I had less push back on the price increase from old clients than years I had a 2-4% increase and did not post it. Still have too many but I actually enjoyed my work again up to March 31 then same craziness hit.

Just a helpful update, I moved from Taxwise to Ultimate Tax Software, who is a reseller of Taxwise and saved a bundle. Tax season was great and much easier to get ahold of live support, which only used for two issues. Still have the limitations of Taxwise which are slow to roll out updates for states. Now I need to find a PPR software that supports k-2, k-3 and AAR filing for a correction on a partnership return to finish off the year.

I have worked in Desktop Taxwise since 1994 and it is great for simple and medium 1040 returns and is forms based for very fast entry. It also does fairly well with entity returns with a couple of K-1 forms. However, you will start running into limitations if you have entity returns with more than one business activity, need advance 199A calculations, need to report K-2 or K-3, need to report at risk limitation or passive income activities. I have not used the Taxwise online product which in the past has been more limited and only available for 1040. I have tried ATX but never really enough to be comfortable with it. As they are both from CCH, I suspect the support or lack of would be the same. The only reason I really use support is to report bugs in the system.

Thank you all for your thoughtful advice and taking the time in your busy lives to share your opinion. I appreciate it!