TJSDAD

Computer cannot own homes, judge says A Kansas Supreme Court judge has ruled that the Mortgage Electronic Registration System, created in 1997 by banks to track mortgage ownership, cannot be legally considered the owner of homes. The system was intended to act as the named owner of mortgages and to keep track of financial interests when mortgages were bundled into securitized instruments and changed ownership rapidly and frequently. MERS is legally named as the mortgagee on millions of loans. But as some homes are being foreclosed on, the judge said the computer program can't be considered a proprietor, a ruling that could affect millions of mortgages. The New York Times (free registration) (9/26) This might keep a lot of homes from being foreclosed on. I have read the MERS can't produce the original doucments so they can't foreclose.

I know I have asked this before but don't seem to have any current information. Is any one using the ATX client write up program to do the books (including payroll) for clients. I mean on a regular business of doing monthly bookkeeping for clients then transfering info the the ATX tax program. If you are using, how does it work? any problems? Thanks for your help.

The IRS won't know if you have no wages or just failed to file. You still need to tell them.

Does anyone use the ATX Client Write Up? If so, any comments would be much appreciated. How does it handle P/R? Both ATF and live.