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A refreshing dip...... A warm towel afterwards...... And the joy of Grandchildren...

From the Virginia Department of Taxation website: Corporations that have elected S status for federal purposes are automatically treated as S corporations for Virginia purposes, and must file their returns on Form 502 by the 15th day of the fourth month following the close of their taxable year. All other corporations file on Form 500. The Virginia Form 500 must be filed by the 15th day of the fourth month following the close of the taxable year, except for nonprofit organizations, which file by the 15th day of the sixth month following the close of their taxable year.So unlike New York, once you have elected S status for federal purposes, you are automatically treated as a pass-through entity for state purposes as well.

It is human nature to resist change. Especially as you get older, and have seen a lot of "new, better" products turn out to be not better, at least now until the second or third or fourth try.

Is this why he can pitch with either arm, he's part frog? lol

The visit was because the seasonal employer box was not being checked and they had not filed 941's for all four quarters in 2013 when they began payroll. That made my week.

Cash basis. Can't claim it until 2015.

​Haha, they're boy/girl twins, he's on the left.  It's an easy mistake to make though, since he's got a hippy haircut and wearing his sister's dress in that pic.

Cute Girls

Be certain that the client knows that ALL assets must be shown on the worksheet. The numbers must be what was in place on the day BEFORE the account was written off. I had one rejected for $982 in debt write off. $132 in tax. In addition, the client must be able to document all his debts shown on the day before the account was written off. I have heard of IRS asking for documentation. Including a letter will not help. Just send the accurately filled out insolvency worksheet and wait for the IRS to respond.