Lee B

Do this step by step very carefully, this is a can of worms!

Today the IRS CID and the Eugene Police Financial Crimes Unit visited an EA located several miles from me. Supposedly she had been taking funds from her payroll client's checking accounts, comingling the funds with her own money and spending it on personal expenses without making the payroll tax deposits for her payroll clients. Whenever I read stories like this, I am always amazed. How did they ever think they would get away with something as obvious as this ???

I absolutely detest so called experts who are alarmist fruitcakes. Anyone remember Y2K! Current surveys show that 69 % of all desktops are still running WIN 10.

I would definitely contact my E & O Insurance Carrier. According to the AICPA's Insurance Carrier, Divorcing Clients are one of the leading causes of Legal Proceeding against CPAs. Being prepared is far better than being caught of guard by surprise.

My current progressive bifocals have a magnification of 15 % above normal. It really helps.

IRS NEWS WIRE 2022-213 "Some tax credits return to 2019 levels. This means that affected taxpayers will likely receive a significantly smaller refund compared with the previous tax year. Changes include amounts for the Child Tax Credit (CTC), Earned Income Tax Credit (EITC) and Child and Dependent Care Credit. Those who got $3,600 per dependent in 2021 for the CTC will, if eligible, get $2,000 for the 2022 tax year. For the EITC, eligible taxpayers with no children who received roughly $1,500 in 2021 will now get $500 in 2022. The Child and Dependent Care Credit returns to a maximum of $2,100 in 2022 instead of $8,000 in 2021."

I had a pair of computer glasses for several years, but it was a big pain switching back and forth. Now I do fine with a pair of progressive bifocals although it did take about 6 months for my brain to adjust to the progressive bifocals.

Perhaps you're thinking about the requirement for anyone filing more than 10 returns to have an EFIN?

Second Draft of Form 1065 K-2, K-3 Instructions has some improvements: https://www.currentfederaltaxdevelopments.com/

"Congress bailed out large, white shoe, professional firms with billions of taxpayer dollars during the pandemic. Yet, the vast majority of these firms had no demonstrated financial hardship.Our auditors at OpenTheBooks.com found an astonishing $1.4 billion in forgiven PPP loans that flowed to the largest and most successful law and accounting firms across America. In fact, 126 law firms in the Top 300 took $809 million in forgiven PPP loans and 236 accounting firms in the Top 300 received $635 million in forgiven PPP loans." The rich get richer

Not enough information, but I would tentatively lean toward an S Corporation.

What caught my attention was that this was a commercial IT firm with a public presence that specialized in IT security consulting and projects.

"Google researchers said on Wednesday they have linked a Barcelona, Spain-based IT company to the sale of advanced software frameworks that exploit vulnerabilities in Chrome, Firefox, and Windows Defender. Variston IT bills itself as a provider of tailor-made information security solutions, including: technology for embedded SCADA (supervisory control and data acquisition) and Internet of Things integrators; custom security patches for proprietary systems; tools for data discovery; security training; and the development of secure protocols for embedded devices. According to a report from Google’s Threat Analysis Group, Variston sells another product not mentioned on its website: software frameworks that provide everything a customer needs to surreptitiously install malware on devices they want to spy on!" In the world today, where everything is for sale including our personal data, I am not surprised. We are so far down a slippery slope, how do we recover? How do we fix this?

According to the AICPA's Malpractive Insurance Provider, Divorced clients are one of the leading source of legal claims against CPAs, due to a conflict of interest between the 2 ex spouses. How do you provide accounting and tax advice that's fair and equitable to both ex spouses especially when one spouse is your primary contact? Two years ago I sent termination letters to two clients who were in the midst of getting divorced when I discovered that the spouse that was was my primary contact wasn't being truthful about their situation.

I don't recall any requirement when I renewed my PTIN a week ago?

"Business MeF Production Shutdown Schedule Shutdown for "Send Submissions" only is scheduled to begin at 11:59 a.m. (noon) Eastern time, Monday, December 26, 2022. Transmitters can continue to use the other service requests except "Send Submissions" until 11:59 p.m. (midnight) Eastern time, Monday, December 26, 2022."

I am not aware of a minimum number.

I do mostly Business Entity Returns and the personal returns of the owners. This year I did less than 40 returns and I just renewed my EA License. No Problems.

Assuming ATX hasn't changed things, I believe that using the Backup and Restore functions instead of the Export and Import functions will fix things.

What do you mean by updating your pc?

No because Box 1 can be reduced by non taxable fringe benefits. Normally it would match box 3 plus any amount exceeding the annual SS wage limit.

So far, the sharing of personal tax information with Meta appears to have been mostly limited to the taxpayers that used the online versions of Taxact, Tax Slayer and H & R Block to prepare their own returns. In addition: "The Markup also found the pixel code on a tax preparation site operated by a financial advice and software company called Ramsey Solutions, which uses a version of TaxSlayer’s service.That pixel gathered even more personal data from a tax return summary page, including information on income and refund amounts." (Ramsay Solutions is a spinoff of the The Dave Ramsay Show) As a practical matter, I don't think that I have a single client or any family member that will read or hear about this. Issues and problems like this are only noticed by accountants, financial advisors, and other computer/technically literate people.

Pixels as well as cookies are not considered malware.

Well, in 2019 the FTC fined Facebook $ 5 Billion for egregious violations of privacy. Unfortunately, for Facebook that is just pocket change.

I just checked. Dell has multiple deals with Win 10 Pro