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Showing content with the highest reputation on 04/05/2020 in all areas

  1. In a course I took, the handout said Software not always capable of filing electronically – attach as .pdf Returns including a 3115 can be filed electronically, but many software packages do not have this capability and require that a .pdf copy of the Form 3115 be attached to the return. (This .pdf copy does not have to be signed. It is considered signed because it is attached to a signed return.) 2 copies must be filed – Ogden address correction A second copy must be sent by mail to Ogden (even though some software package instructions incorrectly say otherwise). That copy cannot be filed electronically...The Ogden copy must be filed no later than the date the taxpayer files the original Form 3115 with the federal income tax return.
    1 point
  2. With deferred payments (6 months?) and low interest (1%) and potential forgiveness, even for the 25% that can be non-payroll, it's a good deal to try to keep a biz afloat until people can shop and work and go out again.
    1 point
  3. Can't they just go on unemployment and keep it simple?
    1 point
  4. I devote a tab in my tracking spreadsheet to federal and NYS powers-of-attorney and info authorizations -- shown in an oldish 'Snip'. I keep it next to the tab for current-year returns-in-process and the tab for current-year e-filing. Simply having the tab adjacent my hottest two reminds me to keep its contents uptodate, I believe -- the reverse of "out of sight out of mind". Like Abby, I have only virtual files now, and keep an image of the signed copy of the PoA alongside other client documents of like period.
    1 point
  5. Judy, thanks for all your research. I cringe every time I see form 8889. I think it is the worst form in the entire arsenal for individual returns.
    1 point
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