Leaderboard

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.

​Yep. Never install version 1.0 or x.0. Never install current year QuickBooks until May. Let others be the Guinea Pigs. We've got work to do!

E-services may be used to retrieve transcripts AFTER the POA is posted by the CAF unit.

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

The instructions for the POA (form 2848) have the phone numbers for faxing the form to the CAF unit. I usually wait about a week before trying to access the transcript to give them time to record the information. Sometimes I have gotten it faster and sometimes it has taken longer.

Even if the corporation keeps it's S status, somewhere down the road it may become desirable to distribute the property to the shareholder(s) which in an S Corp means that it will probably come out at FMV with unintended tax consequences. Sometimes reducing taxes as much as possible is not a good strategy, especially if obtaining a loan can be foreseen. Really it's a balancing act between tax reduction and credit-worthiness.