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I accept e-signatures from POAs, as long as I have a copy of the the durable power of attorney for my files.

None of this was tax information for our tax prep business. I did all that last summer when we had some time on our hands. I'm almost completely digital on that side of the business - even signature authorization. I scan them all when tax season is over to keep just a digital copy. I scanned every client file and destroyed it as I went. This was 100% securities / investment sales. Everything on that side of the business is now digital going forward (pretty much) but we have to wait for holding periods to expire on the old stuff before destroying it.

Before....... During................................ After....................................................... ..............................What a Relief.....................

Just filled up three 94 gallon trash bins that are going off to the shredder. Each January 1st for the next 3 years I have about 50 lbs of paper that will need to be shredded and then I'm all done. Everything will be online or on a travel drive. Such a wonderful feeling.

I do also.

This is the final paragraph of a very long article on PPP loan forgiveness. Pretty much sums it up. Tom Modesto, CA

The only paper we keep is signed efile signature forms and POAs. Any misprints or copies of documents the client doesn't want, get shredded every other month. We use a mobile shredder service and you can watch it being dumped into the shredder. The shred size is nowhere near the required tiny size, but most documents, including the copy of returns that we print, have masked ID #s anyway.

LIBERATING, isn't it? I know @RitaB would be terrified! LOL I started doing that about 5 years ago, and wrapped it up 2 years ago. I have a very small office and no room for all the paper. It was so free-ing.

Weird feeling, isn't it? I did that about 10 years or so ago when I spun off my business clients. I don't think I had anywhere near your total but it was probably 150-200 pounds. I took it to a licensed shredding business to get the document certifying it. Then about 5 years ago I did it again when my biggest paper producing client group (7 trusts) finally were over with assets all distributed. That was probably about 200 pounds. I'm down to maybe 25 pounds total now. It is such a good feeling to not have all that paper.

edit: 96 gallons. Guy from the shredder said we had roughly 1/2 a ton of paper.

Yeah, I misread what you were asking.

SBA has added to their FAQ.

This AM, I locked in for the waiver of a $49 deferral. I had to pay the tax and handling today. Will pay the balance on Dec 1. I just like to get it over with and they have been bombarding me with emails. This AM, I got a call. I'm with Margaret; maybe 2 more years, cutting back gradually. I had zero issues with the program this year. I am just so far behind with the lockdown and the money isn't flowing like it normally would be. Also, am unable to have any help in the office. Stay healthy, everyone

I got the same result Gail did hence my forum entry. I'm going with the IRS instructions for Form 1041 wich clearly state no deduction.

I don't see any justification for her to have an EIN. The same business name can be used as her dba . Or set up a SMLLC called "Jane Smith LLC" then set up her old business name as a dba of the SMLLC.

They are only deducted on the 706 because the IRS assumes you'll want to pay for your own funeral expenses. If you prepaid it a year ago, that money would be out of the estate long before filing the form.

From IRS Pub 559- Publication 559 - Survivors, Executors and Administrators - Income Tax Return of an Estate— Form 1041 Funeral and Medical Expenses. No deduction can be taken for funeral expenses or medical and dental expenses...

According to the instructions for Form 1041, funeral expenses are only deductible on form 706 - not on form 1041. This is also what I have always been taught. When I did a Google search, however, there were several articles stating that funeral expenses could be deducted on the 1041. I don't think that is correct, but now I will have to do some more research to be sure.