mcb39

Today, we worked this out. Because of my illness last year, we were worried that nobody would be able to get into my main computer. When the program is open, go to Tools; select Security Manager; Click new. Enter a user name different from yours. Enter a user password different from yours. Select the group to which the new user will be assigned, from the Available groups. Click Add--> to move the group to the Groups pane. Click OK. Close the Program. Have the new user come to your computer and open in the usual way. She signed in with her new User Name and New Password. This brought the scan box up. In the lower right corner she clicked the plus sign. She entered her user name. She scanned the program with HER phone; which brought up a second code to use with MY computer. Bingo! It opened. It gave her another code on her phone just as the similar process gave me a second code to open the Payroll Program. I recommend that everyone does this because if something happens and you or your phone are not available, nobody will be able to have access to your program and files.

No....I had the same issue. On the page of your phone for the authenticator app, there is a plus sign in the lower right corner. Press plus and it will allow you to scan the Payroll program and enter a second authenticator onto your phone the is designated Payroll 2024 on Desktop. It was really easy and simple, but more fussing around. Good luck.

In addition to the thumb drives the same as TAXMAN, I do complete system backups onto alternating external hard drives and keep them in the safe. Hopefully this will save me in case I ever need saving. Since IT is here often and checking everything over and updating, I feel fairly safe. Without him, I would be fried. Also, he eats whatever I happen to have available at any given time.

Tom, we got it figured out with Google auth. Works fine. Problem: We each have a copy of the program installed on two different computers. We are each admin on one computer. My authenticator code will not let me into her program, or her into mine. I intend to do a third as well. HELP!!!!

Are you saying that the Samsung Scanner app won't work, because it doesn't. I just want to close my eyes and cry. At my age, technology has suddenly left me sitting in the weeds.

This was not required last year in ATX. I, too, am struggling with this issue. I downloaded the program last week and have not been able to open it yet because I cannot figure it out either. I was just patiently waiting for the subject to come up on this board.

I cooked and fed all of my descendents. It was wonderful. Today, I am doing nothing. We have so much to be thankful for.

I hope that we don't get slapped for getting off the thread. I still disagree with you Dennis from the standpoint of "If it's not broke, don't fix it" and expense. Since I have an excellent IT man (client) and a small office like mine cannot afford to buy that many new computers and have perfectly good ones sitting on the shelf. I got my update on Saturday and feel as though my computer is new. I even wrote my WISP today and downloaded ATX 24. Now, to figure out multi-factor authentication and maybe all will be well.

The tossup is moving all the existing information to a new computer. That doesn't always work the way it should. This is day 3 of the updated OS and everything is running smooth as silk. I do still have the option of restoring the old system. Plus I did a complete system backup to an external HD before the update. I only have 2 small items for IT to tweak so far. Only personal preferences.

I bit the bullet today and updated from 10 to 11 on my desktop. Because of my age and my health; there is no sure answer as to how much longer I will practice. I do not choose to purchase another new computer this year. Two new Win 11 laptops last year. Hoping the program installations go smoothly next week and moving forward; and hope that everyone has a successful tax season.

I went and did some research in ATX System Requirements. The program will run perfectly well until October 14, 2025 on Win 10. At that time you will lose Windows Security on Win 10. I am dealing with the same sorry situation and meeting with IT tomorrow to see which is the best route to travel. The 2025 Tax Program is being released on Monday, Nov25.

Never would consider. My husband doesn't offer them in his business either.

Yes, that is a great "hook", but he already is a client and has a feeling that his prior 3 years might be incorrect. In my mind, I think we will take a look anyway. A few hours of input could make me a hero and he is a really nice guy.

I have a new client who wants me to check and/or correct three prior years. My question to him is whether he wants to pay the price of recreating three years and possibly (or not) amending. Apparently the IRS found something amiss. I prepared his 2023 tax returns. He was already unhappy with his previous preparer. Remains to be seen what he decides. I have copies of the three years in question and they appear fairly complicated so possibly could use a good look. Waiting to see what the IRS changed.

If you do decide to do it, have him pay up front and then quietly and politely amend the return. You have the software and the original return, it isn't that busy yet, you can make some quick cash and then send him on his way. IF you decide to do it.

My CU pays .995 on savings accounts with immediate phone or online transfer to checking account if necessary. Over the last 18 months or so they have been paying 4.5 to 5.5 for short-term CDs; minimum of 1000. I watch it closely as I have a few and one coming due on 12/10/24 which went in at 5.25 and will not renew nearly that high as rates are dropping now. However, I have one coming due on 3/10/24 that went in at 2.967 for 24 months, which I should be able to renew at a much higher rate; depending on the uncertain economy. I believe right now that their highest rate is 4.75 and dropping. I think the real importance of this thread is not where you have it or how you have it; just HAVE it available without penalty immediately. So few people do and that is a sad situation.

The main concensus of this thread is to have available money somewhere. Whichever venue you choose, just DO it. I read somewhere that only 20% of taxpayers have $2000 or more in a savings account. It is probably even less at the present time.

I don't see this being an issue in a Community Property State. Correct me if I am wrong. She needs to pay.

However, this was not the case with CDs. I have been laddering CDs for the past several years and have reaped decent benefits. Particularly, in the past two years. I purchase a CD at the end of every tax season. BUT, I cannot even talk family members into doing the same. Mainly, I believe that they just don't understand that they have nothing to lose. I did convert a few clients who totally GOT it and enjoy playing the renewal game. The caution is to always leave enough of a cushion in regular savings for emergencies, if needed.

When clients bring their paperwork in; one of the things I look for is interest income. So few have any. That doesn't mean they don't have any retirement plans or investment income; but where is their cushion of ready cash for an emergency. So few have it. I think that Kathy said it best in reference to wants and needs, budgeting, etc. We taught our boys to save from little on. When they got an allowance, they could spend half and half went in the bank. That learning has carried them well into adulthood and nearly to retirement age. I am so proud of them AND their children. I try to counsel my clients in the gentlest of ways. Sixty-five years ago we started life as a young married couple with not much to our name. I am proud to say that we have practiced what we preach and are comfortable now with what we have built. And both still working...just because!

Wouldn't it be nice if everyone had that problem?

This is so often the case with single member LLCs. They want to open a separate bank account for their business and the bank requires an EIN. I have had clients who purchase merchandise used in their business and the seller requires an EIN. In reference to the original post, See "Do You Need a New EIN?" at irs.gov/businesses/small businesses-self-employed/do-you-need-a-new-EIN. This is what I read in the book; however, there are examples of cases when you do NOT need a new EIN.

Will let you know when I get home and look it up.

As a matter of fact, in the polling question regarding this subject; most of us disagreed with the answer. Will have to look it up in the home study book. I, personally, did not think that was the correct answer.

We were just told in class yesterday that the new entity does NOT have to file for a new EIN>