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Fund accounting is normally used when discussing the government accounting. It has other uses as well, but it's most commonly used when public tax money financial planning is involved. The discussion on this thread refers to the collection of funds for a specific purpose for a future event. When funds are collected in advance and the event for which the funds are collected takes place beyond the balance sheet date for financial reporting - it's considered a deferred liability and is properly reported in the liability section of the balance sheet distinguished by the timing of the event - whether short term (under a year), or long-term (over a year). The concept of "Restricted Net Assets" refers to income that has already been recognized by the entity for it's reporting period, where the income and its related costs are reported, but where there's been a restriction on the use of the money - ie - to be set aside for a future specific event or specific purpose. But the money has to be recorded as income on the profit and loss statement first, since its use has been predetermined. Then when the contingency occurs, then the monies spent are charged against the Restricted Net Asset account.

I read an IRS notice today (sorry, the link is on my work computer so I can't share it now) telling us the changes to expect in eservices later this month. We now have to register through something like "Secure Access." Yes, even those of us who went through the other registration they demanded not long ago. If it wasn't through the secure system we have to do it all over. And yes, the notice stated if our credit report at Equifax is frozen, we will have to unfreeze it. Apparently the questions they ask so we can prove who we are come from Equifax's database (e.g., how much your mortgage is or where you lived 100 years ago). Talk about infuriating! To date Equifax has not notified anyone whose data were stolen. (Website is useless, so take heart NECPA, maybe you weren't all hacked after all.) And there is no word on exactly what info was taken. It "may" have been birthdates and SS#s, but was it also our mortgage payments and where we lived 100 years ago and all the rest of the history Equifax keeps on us? If the hackers have that, they can save us all the trouble of having to swim through the hoops IRS is imposing to access eservices and just do it for us. IT people are still in a state of shock that the company didn't notice 143 million files were transferred from their servers over a month or two. That amount of increased traffic should have raised multiple red flags. Maybe their IT music major guru did notice and just added server capacity.

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Thanks. I added an exclusion and am still getting the popup. Maybe it has to do with Firefox in the mix. I'm rarely on there so I'll just access it from my tablet for now.

Bummer that they paid to tax to MA and now have to pay again to NC, but I understand states taxing retirement contributions when earned.

I found it. NC Bailey Decision info

Yes, the client needs the written acknowledgement as well as the appraisal and signatures. I found this in pub 526 in the section for record documentation to keep:

I have gotten account transcripts online since I froze my credit. Perhaps one cannot set up a new account with e-services?