BulldogTom

@mcb39 See what Judy says above. You will need to create a new login for the other machine with Admin Privileges for yourself. Then you will be able to pair your phone to her machine. You will login under the new user name. She will have to do the same for your machine. Tom Longview, TX

Not Yet. I am considering how to create new logins so I have sat on the install because that is not a rush for us right now. I don't think it will be a problem because I am using the office cell phone for the desktop and my personal cell for the laptop for my Admin login. I will let you know how it works out after I load the program. Tom Longview, TX

For someone who uses Drake, Judy has a lot of knowledge about ATX. Thank goodness. She should have written the instructions for ATX. Tom Longview, TX

@DevM Thank you so much. That helped a lot. Simple instructions work best. Appreciate you. Tom Longview, TX

@mcb39 Are you still struggling with this? Do you need some help? I got through it and it was not as bad as I thought. Let me know if you need help. Tom Longview, TX

Supposed to be nationwide. However, very confusing since the judge in Alabama said he couldn't expand to everyone and this Texas judge says he can. They are both in the same federal circuit (5th?) so very different rulings. I expect Fincen to come out with a statement that they are appealing and that they expect taxpayers to comply with their rules during the legal process. Tom Longview, TX

December 3, 2024 Press Release NFIB’s lawsuit challenged the Corporate Transparency Act and beneficial ownership reporting requirements WASHINGTON, D.C. (Dec. 3, 2024) – The National Federation of Independent Business (NFIB) applauds today’s decision in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al. at the U.S. District Court for the Eastern District of Texas. The Court granted NFIB’s request for a preliminary injunction, blocking the U.S. Department of Treasury from enforcing the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements. “This ruling is a huge victory for small businesses nationwide, and just in time” said Beth Milito, Executive Director of NFIB’s Small Business Legal Center. “For many Main Street small businesses, they were a mere four weeks away from the deadline to file their information in accordance with the CTA. The BOI reporting requirements are a harmful invasion of small business owners’ privacy and a misuse of their valuable time. Thankfully, the Court agreed and granted a preliminary injunction, giving small business owners a reprieve from this burdensome rule.” NFIB’s lawsuit argues that the CTA is unconstitutional in that it exceeds Congress’s authority over the states, improperly compels speech and contradicts the right of anonymous association guaranteed by the First Amendment, and violates the Fourth Amendment by forcing the disclosure of private information. NFIB partnered with The Center for Individual Rights (CIR) and filed the lawsuit with the Texas Top Cop Shop, Data Comm for Business, Mustardseed Livestock, Russell Straayer, and Libertarian Party of Mississippi. Because NFIB and its nearly 300,000 members were a party to this case, the judge blocked enforcement of the BOI reporting requirements nationwide. This reaffirms the power that NFIB members hold when they stand up and speak out in protection of their rights. The NFIB Small Business Legal Center protects the rights of small business owners in the nation’s courts. NFIB is currently active in more than 40 cases in federal and state courts across the country and in the U.S. Supreme Court. Tom Longview, TX

Done and in. Not so bad. Tom Longview, TX

So, it turns out I already have MS Authenticator on my personal phone from a prior employer. I guess I am going with that one. Wish me luck. Tom Longview, TX

Works fine? Doesn't need constant updates and doesn't try to take over your phone? Tom Longview, TX

Wife and I both use the Admin login since we share the main computer. We have an office cell phone that sits right next to the computer and does not leave the office, so I think I can make that work. The issue is the laptop. We each take it occasionally. We both use the admin password. We have different personal cell phones. And thanks for all the responses. @jklcpa Tom Longview, TX

The best one. There are 5 or 6 listed on the AXT support site, but I was hoping for some advice on a good one to use. Microsoft and Google are the only names I recognize. I was hoping it would just be a code to my phone like other software MFA's I have worked with. I don't know for sure how many users I am allowed. There are only 2 of us and we both use the admin login. Never set up another user because I don't need it. Tom Longview, TX

Support is not open so I can't ask them...so I am hoping for some help here. OK if no one knows. My wife works in the company. Does she need to have an authenticator as well or does she need to use the phone I use? In other words, can we pair more than one device to the software? This is a real issue if we take the Laptop to a client. Either of us may go to a client so we each need to have access to open the software. Thanks in advance if you can educate this old dog. Tom Longview, TX

Is there a way to just give them my phone number and get a code every time I log in? Or is this absolutely required? If this is absolutely required, which app do you recommend? Also, I think I need an app to read a QR code because I have never done that on my phone either. Tom Longview, TX

When I first read that, I thought it said decedents. Still in a food coma. Tom Longview, TX

I did when I first started out. After a couple of years I was no longer comfortable offering to my clients. E-file took off about the time I gave it up and refunds started coming in 2-3 weeks. The cost of a 2-3 week loan just seemed exorbitant to me and I felt yukky being part of the transaction. Tom Longview, TX

I was in an Update Webinar yesterday and they discussed FinCen Identifiers. Apparently, you can shift the burden of updating information off of the organization and onto the individual if the individual gets a FinCen Identifier. 2 uses of this Identifier. 1. Person has multiple organizations that they need to be reported for. Individual gets an Identifier from Fincen and only has to give the number to each entity. 2. Entity does not want to keep up with the changes of all individuals. Requires each individual to get an Identifier and the individuals are required to update their personal information when it changes and the entity only reports changes in individuals who are added or removed from the company. The presenter thought that there would be a movement to make all persons agree to get an identifier from FinCen so the responsibility for updates shifts from the entity to the individual (as well as the fines for non-compliance). @JohnH you may want to explore this idea with your HOA. Tom Longview, TX

Is he still rude? I feel like it is never a good idea to ignore a client request, it just feels yukky to me to ghost a former client. Be professional when you decline or accept the engagement. Why is he coming to you and not his current preparer? Ask him. If the answer is something like "I realize I made a mistake in how I treated you and I would like to resume our relationship" you will have a client for life. And he won't be rude anymore. If his answer is rude, politely decline. Tom Longview, TX

I would wait. Watch for a 592B withholding form in the sale documents. CA withholds on out of state sellers of property in CA. If CA withheld and the trustee does not know to to give you that doc, you may be leaving a refund from CA on the table. The 592s are generally given at closing and not mailed the next year. Check the TIN on the 592B because it may be the SS# of the decedent and not the EIN of the trust. Look at the sales docs if you can and see if there was withholding to the state. Tom Longview, TX

If only it was that easy for CA. There will be a 1099S for the sale of the home with $800K on it. CA FTB does not know what the basis is on the property. Most likely you will be talking to them at some point if you don't file a return. I would file the 1041 and 541 with zero tax liability. You start the statute and take the position that there is no tax due. You have given them the details they need to show no cap gain by filing the Sch D with the return. Hopefully it is all done and your client can move on. IMHO, you can do this now, or you can prove that there is no tax due later, but one way or another you are going to have correspondence with the FTB. Tom Longview, TX

I think she was off the hook until she filed the return for him. If I understand the situation, your client filed her own MFS for 2020. He did not. He died sometime after that. "Someone" told her that the trust required her to file the tax return for him for some unknown reason and she did so as the surviving spouse (not the trustee or executor)? Now she does not want to pay the taxes from the return she signed...and I think that signature on the return makes her the responsible party to get the funds from the spouse's estate to pay the bill to the IRS. Correct my understanding if I got the facts wrong please. Tom Longview, TX

My situation is now resolved. Client was in the process of dividing the marital assets when the CP2000 arrived. He fessed up to taking the distribution and agreed that the tax liability was his and agreed to take less money in the marital asset split in exchange for my client paying the tax bills. It works out a whole lot better this way in my opinion. The returns are now corrected, the IRS and CA are paid and my client does not have to worry if he actually paid the tax bill. We don't have to involve the government in their divorce. Tom Longview, TX

Does not have to or should not? Is it a choice or a prohibition? Tom Longview, TX

That is why Home Office is one of the first things auditors go after. They don't care about the office costs (utilities, interest, etc.), they are trying to get rid of the mileage deduction. Because even if you have perfect mileage logs, if you don't have a place of business to start from, the first and last trip of the day is commuting. Tom Longview, TX

The IRS does not care what the divorce decree says, they have Joint & Several Liability for the tax due and a divorce document does not change that from the IRS point of view. Kathyc2 is correct, the spouse needs to go to her lawyer and get the decree terms enforce, it is not an IRS issue. Tom Longview, TX