ILLMAS

Can the surviving spouse receive a step-up in basis for 100% of the value of spousal jointly owned property (state of IL)? I found this article and wanted to see if someone has had experience with a case like this before. http://archives.cpajournal.com/old/14469577.htm Thanks

Super odd, I have a similar computer but with a SSD drive, and for me it takes a few seconds to go through the process. You might want to call ATX, they were very helpful when I couldn’t open payroll 2018 after I transferred it to the new computer.

What are your computer specs?

https://www.accruit.com/blog/cash-out-refinance-or-after-1031-exchange

Good point, thanks.

This past Saturday l attended a tax update seminar and the instructor was raving on Drake’s questionnaire, does ATX have one? Apparently this questionnaire is independent of the tax organizer and his reason of recommending Drake’s questionnaire for clients is because soon the IRS be making tax preparer liable if they are not asking questions on bitcoin or other income found during an audit. I can share the questionnaire, please PM. MAS

Last year a client brought in a new laptop to me to install quickbooks but I was not able to make it work, then I found out the laptop was the equivalent to an iPad or chromebook and you can only install apps. So the client took it back to Bestbuy and the geeksquad did something to change the settings and everything worked fine afterwards.

Has any version ever worked on the laptop before?

Agree 99.99% on getting a new computer vs updrading to the lastest OS. Here is my current step up: Computer 1: 2006 to 2010 ( in storage) Computer 2: 2010 to 2014 (in storage) Computer 3: 2014 to 2018 (will keep on hand, SSD) Computer 4: 2016 to 2019 (brand new Dell XPS business machine with an SSD)

Where’s the beef? I have never seen so much turn over in the accounting field, they say an accountant never loses their balance, but some whipper snappers find out too late they picked the wrong career

Yikes, hopefully it's not one of those TP that their numbers have to match their excel file

I just turned on my new Dell XPS with Win 10 Pro and was hoping the Pro version was like Pro 7 and XP Pro without all extra bloatware, to my surprise it's basically the same as my home computer with Win 10 Home Edition. I am disappointed and will be looking into Win 10 Pro workstation edition.

Separated W2/W3 are required only if each business has it's own FEIN.

Scenario: Couple has various joint properties, spouse B passes away in May 2019: 1. Building one - Cost $25,000 fully depreciated, not appraised yet 2. Building two - Cost $23,000 fully depreciated, not appraised yet 3. Building three - Cost $18,000 fully depreciated, appraised and sold 4. Building four - Cost $13,000 fully depreciated, not appraised yet Most buildings were bought in the late 70's, early 80's, building three was appraised in August for $330K and was sold in November 2019 for $365K. Step-up basis for building three: Spouse A: 0 Spouse B: $330K x 50% = $165K Gain on sale: Spouse A: $182.5K - 0 = $182.5K Spouse B: $182.5K - $165K = $17.5K Question In ATX, do I go back to the asset and change the original purchase price by 50% and then create a new asset on the DOD May X, 2019 for the $165K? I am trying to figure out how to split the sold property in ATX, any help would be appreciate it. Thanks

The department of revenue doesn’t care who pays it, but when the end user is not tax exempt, somebody better come up with the sales tax amount.

Can't remember if this has been discussed before, but who is ready or not for the mandatory security plan?

I think having a talk with both of them and telling them, you would appreciate it if they didn't involve you in any issues, that you will gladly provide copies etc... of whatever they need and that's about it.

My XPS arrived today from Dell, I paid about $1,250 (including tax) for the following specs: Win 10 Pro 64-Bit 16GB Memory 512GB SSD drive 1TB HD drive no speakers The only add-on for me was the cd/dvd tray Costco has a similar computer on sale today for cyber Monday: https://www.costco.com/dell-xps-tower---intel-core-i7----geforce-gtx-1650.product.100513790.html

Correct me if I am wrong, but I always thought sales tax deductions on Sch A are for for personal property purchases, not business equipment.

Last week, I received a message from Dell, that my computer will now arrive on Dec 6, instead of Nov 25, did you get a similar message?

I will replacing my office PC and wanted to see if this would be possible with ATX, I would like to install ATX on the C drive, but keep the data on the D drive (Encrypted), would that work? In other words, ATX software will be hosted on the C drive, and the client database on the D drive. Thanks MAS

Are Are you getting the same price? I will be doing a clean install of WIN 10 Pro, I dislike all the extra stuff dell throws in.

ATX always recommends to install from the lastest updated version, if installed from the CD, try downloading it from your clients ATX online account.

What do you think about this computer? $1,160 plus tax XPS Desktop Processor 9th Gen Intel® Core™ i5 9400 (6-Core, 9MB Cache, up to 4.1GHz with Intel® Turbo Boost Technology) Operating System Windows 10 Pro 64-bit English Video Card NVIDIA® GeForce® GTX 1650 4GB GDDR5 Chassis Options 460 Watt Power Supply Memory 16GB DDR4 at 2666MHz; up to 64GB (Additional memory sold separately) Hard Drive 512GB M.2 PCIe NVMe SSD (Boot) + 1TB 7200RPM 3.5" SATA HDD (Storage) Wireless 802.11ac + Bluetooth 4.2, Dual Band 2.4&5 GHz, 1x1 CD ROM/DVD ROM Tray Load DVD-RW Drive (Reads and Writes to DVD/CD) XPS 8930 XPS 8930 Base Keyboard Black Dell KB216 Wired Multi-Media Keyboard (English) Monitor If accessories are purchased, they may ship separately Driver DW1810 driver Mouse 6 Button Laser Mouse Sound Integrated 5.1 with WAVE MAXX Audio® Pro Speakers No speakers (Speakers are required to hear audio from your system) Cable US Power Cord Documentation/Disks Safety/Environment and Regulatory Guide (English/French Multi-language) Systems Management Windows System driver, XPS 8930 Regulatory Label Processor Branding Intel® Core ™ i5 Processor Label Additional Software Additional Software Operating System Recovery Options Operating System Recovery Media Not Included Service 1 Year Hardware Service with Onsite/In-Home Service After Remote Diagnosis Monthly Subscription Services No Monthly Subscription selected Microsoft Application Software Microsoft Office 30 Day Trial Protect your new PC McAfee LiveSafe 12 Month Subscription Remove $1,309.99

Is there a limit as to how many years a business can get audited by the IRS? Thanks MAS