Richcpaman
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Posts posted by Richcpaman
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3 hours ago, cbslee said:
It sounds promising, but if hackers could access the servers where those phrase recording were kept, then even this could compromised.
In the first line, of the first post, it mentioned over 3 BILLION hacks..
The Equifax heist gave them all the keys.
There will not be a system that can't be compromised.... It will just be a matter of time. This year, MFA. Next year.. MFB and the year after that, MFC, Etc.
We should be lobbying Congress to change the rules to remove liability from folks that get hacked for less than, say, 10k records. If you have between 10k and 1 million, your liability is this, and above that, then your liability is TBD.
I am not that worried about my practice being hacked, yes, I could be one of the unlucky ones, but, I think it is much more likely that ATX or CCH gets all our client records hacked...
Rich
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I am using remote desktops now. The problem is you have to have a computer at both ends dedicated to use this way.
The VPN is there to reduce some of this, as you can access different things on the server, etc., in the remote location.
The problem now, is that I will have 4 users on the local office, and 4-5 users in the remote office, which means 13 actual inputs to the server. I need to have a strong server to do this, and keep the speed bearable.
No one has tried ATX over a VPN, I presume.
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11 hours ago, Bart said:
I use QuickBooks over a VPN. What problem do you have that makes it blow up?
I do not have a VPN, Yet.
ATX is very specific about NOT using a VPN to run their software. I use GoToMyPC right now to talk from the remote office to the main office.
I have been told be others that using QuickBooks over a VPN, meaning that the software is on your computer, but the data is located elsewhere and accessed via the VPN, that it can become unstable, and corrupt the data file. I do not have any personal experience with this, but have read the stories of others.
Are you using the VPN for Qbooks in this manner regularly? What year of Qbooks, and then multiple files?
Rich
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Rates are going up, Gotta pay for my VPN...
Rich
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Well, are you?
ATX states that we shouldn't do it, and I know that QuickBooks blows up when you do it over Virtual Private Network (VPN)
I am merging two offices and want to use a common database, so I got to have the computers talk to each other.
Rich
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Congratulations!
Rich
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There is a reason why the opposing party wants to go final on January 4, 2019, instead of November or December 2018.. So the Alimony is NOT deductible.
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3 hours ago, Yardley CPA said:
Rita B is a Young Gun??? Really?
Careful there... pardner... She has a shovel, and knows how to use it.
Rich
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Congratulations, Abby.
I will do my best...
Rich
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1 hour ago, Catherine said:
I *hate* that! If I can hear the muzak, I know you have NOT hung up on me. Shut your trap; leave the muzak playing. If I'm half-listening and I hear a voice I think my call is being answered when it's NOT. Don't. Just don't. Let the first voice be the person answering. And make them give their name and number at normal voice speed, rather than lightning-fast!
Rant over.
And don't get pissy with me what I ask you to repeat your name, IRS Number and then for your service center...
Rich
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A farmer friend of ours, has about 20-30 acres that has some woods, a creek and pasture. He will allow folks to drop off an elderly horse to just hang out till it passes away. His own little private rescue operation. When they pass away, he buries them on the property. He doesn't own a horse for himself, or as even a horse trailer. He just likes to have them around.
Its a gentle send off for many of them, and more humane then "hoping" someone else will take care of them if you tie them up to your trailer...
Rich
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On 10/25/2018 at 1:51 PM, Yardley CPA said:
I don't know, Rich...sounds like a little fluff in that statement.
No... Not really. I lived way to long not appreciating what I had. I try every day now...
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Yes, Cathy, The fraudsters will try anything that might work. We believe that EFiling is what they use to commit fraud, but they also paper file a very large proportion of the fraudulent returns. Why not try with 1040x's? It just takes longer to get paid...
Rich
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On 10/25/2018 at 9:15 AM, BulldogTom said:
No. Well, let me state that differently, they are not supposed to under the tax law, but they are like a prostitute, they will do anything for a few extra bucks.
Seriously, that is why proving domicile is so important. In the OP, if the taxpayer domiciled in CA, and the rental income was in his name, then it is taxable income for CA purposes from the time he established residency (domicile) in CA. But if the taxpayer was a non-resident who did not domicile in CA, then the rental income is not taxable in CA.
Tom
Modesto, CABulldog:
The worst part is CA is a prostitute with a gun....
I think I have it figured out.
I adjusted the Federal amount in Sch CA540NR Column B, instead of Col E. He owes $8,700 now... Have to argue down the number with the state now.
Rich
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Catherine:
C-Corps and Partnerships are not related.... So that makes it tough. There is no QBI for Corp's. Only the tax rates changed.
And who has a C-Corp now anyway?
MLP's or PTP's are allowed the 20% exclusion.
Who is allowed the QBID deductions and the limitations.
Depreciation is always sure to make their eyes glaze over
That is a start....
Rich
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Anyone out there a CA Part Year Resident wizard?
I have a client who took a position in CA in July 2014. Wife stayed in VA until 2018.
So, he was part year with wages in VA, and Part year in CA with wages. Wife is all VA with rents and Sch C. AGI of $425k. CA W-2 was for $132K.
After doing the CA 540 NR and CA Sch CA 540NR form, I had the tax about $2.3k. The State just sent a demand for an additional $12k in tax. Stated that we underreported the Fed taxable income, reducing the %.
Ok, Fine.
However, the process they propose ends up with them taxing $429k, and not dropping it down to only $132k. Even one of their specialist told the client that you don't pay tax on all the income, only the $132k. Am I missing another form?
Any thoughts?
Rich
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Well..
I have already hit the lottery. I am an American, CPA, and married to a wonderful woman.
Having a ticket worth 1 million or a billion is just a bonus.
Rich
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Depending on circumstances of the win, at least 20-25% will go to charity. The Family Foundation gets it, and then we distribute it. Rotary would get a nice chunk.
I would spend some money on proper golf lessons, so I could go to great golf courses and not embarrass myself...
My Wife would start a Horse Rescue operation. And ride a lot more.
We would travel, and as my Wife and I discussed last night, stay there long enough to get bored and come back to the new house. I would probably go the "Net-Jets" route instead of First Class.
We would set up Trust funds for the various family members. Let them buy new houses or pay off their existing ones with that money. I have that "sibling" that I want to keep at arms length.
Really, in many respects, we would do what we are doing now.... only "more" of it. It would be a gift, and I would share.
Rich
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4 hours ago, Abby Normal said:
I would hate to win late in the year because my plan would be to give most of it away to charities. I would definitely hit the 50% limit in donations and have carryover for future income.
You set up the Family Foundation, and contribute cash to that. Then you pay out of your Foundation to those charities you wish to support without the rush.
Even supports the annuity option with this method.
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On 10/21/2018 at 7:22 AM, Pacun said:
I follow the same principle and I buy tickets constantly. I have always known the outcome and I have not been proven wrong.
OUTCOME= I lose my investments.
I put in $4. One Mega and one PowerBall ticket. So, I am up to $8 a week. And I don' buy them every week. Lets say, I buy them for 40 weeks. That is $320 a year. Whatever I hit? Will beat whatever returns I have ever gotten in my SEP plan....
And yes, I will pay to fly everyone here to the next social get together....
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I don't ever print 1040-EZ, why would I ever print the "postcard"?
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20 hours ago, Terry D said:
I have to agree with this. To receive a tax deduction for a charitable donation, you cannot stipulate what the donated amount is to be used for. Pacun your suggestion, in my opinion, does exactly that. I am confused with your reasoning. The donor gets the full 5K with the proper paperwork without separating any amounts. Separating the two donations into two different categories, really does not have any additional impact but could cause the allowable deduction to be the 4K.
So, If a Donor says this $5,000 can only be used to buy food for the hungry... The donor doesn't get a deduction?
I do not think that is how it works. There are ALL sorts of donor restrictions placed on contributions. I have had major donors ask for their money back when the organization decided NOT to pursue what the donation was for... We want to do project X, we need $100k to do it, but we only raise $35k, so they do not pursue the project, so they have to return the money.
Donor restrictions do not preclude a donation deduction. "Some" donor restrictions CAN limit deductibility. That is not the case here.
The client donated a car to a charity that needed some repair work. They paid for the repair work. I like Pacun's suggestion to have written a check to the NPOrg for the amount of the repairs. The NPOrg, if using the vehicle for its charitable purposes, (whatever they are), then a 1098-C is not required to be issued. The 1098-C is issued by the NPOrg when they receive a vehicle and then sell it and use the proceeds to fund what they are doing. So, the client could have donated a delivery Van to a NPOrg that delivers food to the hungry.
Rich
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On 09/13/2018 at 2:33 AM, Max W said:
That's what sports cars are all about. Your butt scraping the pavement and the adrenaline rush of high speed. Hmm! Only 90 mph? Must of needed a tune up!
My college roommate had a Facel-Vega. They stopped making them in 1964, but the sporty coupe model had a 354 Chrysler hemi motor that was rated at 325 HP. That was a lot of HP for a small car. The first time out my friend took it up one of SF's steeper hills, it went up so fast I though we were going to shoot off into space.
For my son's 21st birthday, we went to Las Vegas.... with a group of 5 cars, we drove as fast as we could go across the desert..., A Ferrari, Lambo, Audi A8 and Jag. Swweeeetttt!
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What? You say the auditor is requiring your client to prove that the people he paid cash to reported it on their returns?
Did your client file 1099's on these folks? Were they complete?
The Auditor can ask you for the moon. It is not you or your clients' responsibility to find out if they reported that income or not.
Tell the agent to follow up back at the office and to track down the other vendors
Rich
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Anybody using ATX over a VPN for Multiple Offices?
in General Chat
Posted
Bubba:
Are you running ATX or Qbooks over a VPN? Not just moving a file back and forth, but with a computer with ATX on it in one location, and then operating from the remote computer with out remote desktop software?
Rich