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Showing content with the highest reputation on 12/18/2020 in Posts

  1. Well, I actually got a call from Edna and after 43 minutes we got the Organizer Letter loading. She's independently researching how to get the Org Engagement Ltr back as well; so I'm much more hopeful of having this on my weekend plate now. I took AbbyNormal's advice years ago and got Nuance Power PDF with which to make organizers both digital and fillable. A couple of clients every year can't get it to work and either print it to input, send me the paper or scan the pages; but that's the only problem I've had ever since -- and I totally agree with you that reminding clients with the Questionnaire is perhaps the biggest plus. Fingers crossed this all works out by the end of the day. Still, I think I learned patience this year: my SSD hard drive stopped booting on its own in February so I ran the next 262 days off an Emergency Disk before I could take the time and find the right program with which to replace it without losing all my programs & settings. (Macrium Reflect, that was.)
    2 points
  2. The current bill under consideration in Congress includes a second round of Stimulus Payments, $ 600 Single and $1,200 for a married couple and if the qualifying parameters get changed, the start of tax season will probably will be delayed. For the IRS, this comes at the absolute worst possible time!
    1 point
  3. Copied from IRS eNews: "New and draft forms, instructions and publications on IRS.gov New forms Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return Form 940 (Schedule A), Multi-State Employer and Credit Reduction Information Form 941-X, Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund Form 943, Employer's Annual Federal Tax Return for Agricultural Employees Form 944, Employer's Annual Federal Tax Return Draft forms Form W-4P, Withholding Certificate for Pension or Annuity Payments Form 941, Employer's Quarterly Federal Tax Return Form 941-SS, Employer's Quarterly Federal Tax Return - American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands New instructions Inst 940, Instructions for Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return Inst 941-X, Instructions for Form 941-X, Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund Inst 943, Instructions for Form 943, Employer's Annual Federal Tax Return for Agricultural Employees Inst 944, Instructions for Form 944, Employer's Annual Federal Tax Return New publications Pub 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G Pub 5165, Guide for Electronically Filing Affordable Care Act (ACA) Information Returns for Software Developers and Transmitters Pub 5258, Affordable Care Act (ACA) Information Returns (AIR) Submission Composition and Reference Guide Draft Publications Pub 15, Circular E, Employer's Tax Guide Pub 15-T, Federal Income Tax Withholding Methods Pub 51, Circular A, Agricultural Employer's Tax Guide"
    1 point
  4. Of note, the draft Q1 2021 941 has space to handle FFCRA (assumes it gets extended). If FFCRA is not extended, those lines will likely change to "reserved for future use". Amazingly, the form designer(s) elected to not make major changes to spacing and print locations! You can always search/find draft forms at https://apps.irs.gov/app/picklist/list/draftTaxForms.html. Keep in mind, just because it appears in the draft list does not mean they have not already posted a final version on the regular forms list.
    1 point
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