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About BulldogTom

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    ATX Supreme Guru

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  1. Seems like a lot of extra work for a minimal amount of clients. Unless a lot of your clients get notices. Tom Modesto, CA
  2. Not a surprise at all. I bet they don't know yet if the data is compromised, and even if they do, they are not telling us yet. If they find out they are compromised, I would think it is their responsibility to notify all the affected parties and give them the free monitoring for a year. I think we will be shielded from liability, however, we will have an obligation to notify our clients as well. The degree to which we incur cost in any efforts to protect our clients will be an issue open for discussion. There have been so many of these breaches in other companies, I think if there is a data breach, WK will handle it just like Equifax, Yahoo, etc. Tom Modesto, CA
  3. Thanks. That is something new to me. Tom Modesto, CA
  4. Thanks DANRVAN. I was thinking of something along those lines, but was not sure that would be the way to go about it. Tom Modesto, CA
  5. BulldogTom

    CA 593-E

    You are more than welcome. Happy to help. Tom Modesto, CA
  6. BulldogTom

    CA 593-E

    @Ringers forgot to add...some of the escrow companies will provide the withholding certificate with the closing documents rather than mailing out at the end of the year. Have your client look for the 592 or 593 in their documents. You will need it for their return next year. CA will not refund the money without the information on that document. Tom Modesto, CA
  7. BulldogTom

    CA 593-E

    You can use the smaller number provided you fill out the form correctly. The good news is that you work with the escrow agent on the withholding. You don't do it through the state. So long as you provide the completed form to the escrow agent, they should withhold the smaller amount. You can call the escrow agent and talk it over with them if there is any confusion. Tom Modesto, CA
  8. So now the question is how to make this happen in the ATX software. Any suggestions? Tom Modesto, CA
  9. Sorry for the bad formatting above. I am not good at this fancy dancy cut and paste and I don't do links. So my question is - the income is still excludible under foster care payments but is includible for EIC calculations? I think that is what this is saying. I have a couple of amended returns to get processed. Tom Modesto, CA
  10. HSS payments are earned income for Earned Income Tax Credit May 16, 2019 The Tax Court has ruled that income that a taxpayer excluded from gross income pursuant to IRS Notice 2014-7, which treats qualified Medicaid waiver payments as excludable as foster care payments, is earned income for the purposes of calculating eligibility under the Earned Income Credit and Additional Child Tax Credit. (Feigh v. Comm. (2019) 152 TC 15) File amended federal returns for clients who qualify. Although California follows Notice 2014-7, it is unclear if the Tax Court’s decision will impact the California Earned Income Tax Credit because California also requires that the earned income be subject to state withholding. (R&TC §17052(c)(3)(A))
  11. I think this is common. I think FDNY posted the fix in the past. Search for "Database server" you will see several posts on this topic. Tom Modesto, CA
  12. Sorry Edsel, but I vote for stupid. Love you man, but you are voicing frustrations, not practical tax solutions. You cannot ethically sign a tax return that contains a position that you know to be incorrect. The taxpayer did not make estimated payments during the year, and to tell the IRS they did is to falsify the tax return. Agree with the rest that the TPA is the best first route. Then explore your options in court. Get some help if you need it, from someone you trust. Good Luck Tom Modesto, CA
  13. Bit of an over-reaction, don't you think? Yeah, it sucks. But we do know that they were attacked and they are trying to get their system back up. I have no love for ATX, but I am feeling for them right now. Cleaning up this mess is going to be a pain, and it is important that they don't expose us to the malware that attacked them. Tom Modesto, CA
  14. I wonder if the bad guys have figured out that going after us preparers is not going to get as much data for fraud as going after the software companies. Imagine the havoc they could do with all of our combined client info, not just one or two of us. I really think this hacking and stealing is going to break the tax system. The internet is not secure enough for the number of transactions that we MUST process over it. In the rush to find cost savings, security of the data has not been kept up. Now all these entities that only do business over the internet are scrambling to keep up, but the bad guys keep one step ahead of them. Tom Modesto, CA
  15. Did you pick a hotel yet? Staying at the Westgate or somewhere else? Tom Modesto, CA
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