Lynn EA USTCP in Louisiana

Margaret, I will pay the $5; just was venting my frustration that they waited 2-1/2 years to bring it to my attention.  Credit charge failures occur for me at least once a year (if not more often) due to generally an annual problem with someone trying to hack my credit card account.  It is a chore to change the automatic debit arrangements when that happens.  Thanks for your reply. 

Checking email this morning and find one from WK detailing a payment failure of $5 for an invoice generated 9/2017. I am tempted to ignore it. 

Or the calls about their tax returns, mailed priority, and aren't in their mail box on the expected date.  As if I can do anything about how or what the postal service handles the mail.  Ugh !!!

Like Gail, I too do not remember the first tax program we used.  It was written by 2 men from the northshore (northshore of Lake Pontchartrain, New Orleans area), and was DOS based.  When they closed shop they suggested we use Crosslink for personal and Drake (I think) for businesses.  I loved Crosslink but we didn't do bank products so the fees and efiling fees were eating us up.  Drake, meh.  We used Zillions Forms for sales taxes.  When I made the decision after Hurricane Katrina to d/c Crosslink we switched to ATX Total Tax Office or Max, whatever allowed us access to all forms (personal, entities, payroll, sales taxes).  I've been with ATX ever since and have no plans to switch.  I tried UltraTax during the 2012 debacle - too expensive and did not have the heart in me to learn another program.

The 1041 is an “income” tax return. The $80,000 settlement is not reported on the 1041. But any interest, dividends,  capital gains earned by the settlement funds are reflected on the 1041. 

Yes, available for taxes on raw land only. 

My email address is @bellosuth.net, when bellsouth was the precursor to att. August last year I left att for internet and landline, moving to cox. I have kept my @bellsouth.net email address without any issues. I use outlook on my office desktop and am able to get mail on my iPhone and iPad, all without any problems . 

They are still eligible for the stimulus payment, if they meet the other AGI based criteria.  Their payment will either come as a paper/mailed check.  Or if they go to the get my payment section of the IRS website they could input banking details for direct deposit.

Last I heard use #A or #1 or whatever but use # instead of apt

The 990 was extended. There's a notice for that and I don't remember the notice number.  First notice mentioned only 990-T and a subsequent one specifically included the 990

I would file the extension now. 

Read this ATG  - https://www.irs.gov/pub/irs-utl/irc183activitiesnotengagedinforprofit.pdf ,.

show client the requirements to overcome the not for profit, I,e. Hobby, designation.

Hobby. What does he plan to sell ?

You may override The dates on the ‘record’ to what they should be. Then the right dates are on the vouchers and the client letter.

I have done only 2 or 3 5500's in my 30 year career, all of which were to close the account.  The last one I did was more than 10-15 years ago and I do not recall the time involved.  It was the 5500-EZ form (I think, fuzzy recollection) and do not imagine it would be more than an hour presuming the client provided all of the pertinent information.  It will probably take longer to read the instructions than to do the actual return. YMMV

IRS just issued notice 2020-66 which extends the RSED for 2016 returns from 4/15/2020 to 7/15/2020

Judy, thank you for fixing the link. I have not heard or seen more info for helping those who do not meet any of the other parameters. When, or if, I do It will be posted here, hopefully with a good link. 

Lynn 

https://home.treasury.gov/news/press-releases/sm967

Today Treasury Secretary announced those without a filing obligation, receiving SS or VA benefits have no need to file in Ryder to get the stimulus payment. 

ILLMAS, I submitted the application for my own business.  

I completed the SBA loan application middle of the night last night . It was a very quick process . 

Did you try changing the date in your letter? 

Louisiana just issued a Revenue Bulletin extending due dates to match those of the IRS , 7/15 - revenue.louisiana.gov/LawsPolicies/RIB%2020-009%20Income%20and%20Franchise%20Tax%20Extensions%20and%20Other%20Matters%20Related%20to%20COVID-19.pdf

Gov. Edwards Issues Statewide Stay at Home Order to Further Fight the Spread of COVID-19 in Louisiana

March 22, 2020 

Today, Gov. John Bel Edwards issued a statewide Stay at Home order that goes into effect at 5 p.m. Monday, March 23, to further fight the spread of COVID-19 in Louisiana, as the number of confirmed cases have topped 800 and spread to more than half of our parishes.

Click here to read the Governor’s statewide Stay at Home order.

Click here to see graphics.

“In Louisiana we have taken aggressive measures to mitigate the spread of COVID-19 and flatten the curve; however, this is not enough. As our number of cases continue to grow, I am directing all Louisianans to stay at home unless it is absolutely necessary for you to leave. I am implementing this measure to help prevent you from becoming infected or infecting someone else. People can leave their homes to do essential things like buying groceries or food, pick up medicine or go to work only if their job is essential. If you have to go out, make sure you practice social distancing measures and keep 6 feet between you and the people around you. People are encouraged to go outside and to stay active during this time, as long as they practice social distancing when they are around their neighbors,” Gov. Edwards said. “This order is not something I take lightly, but it is necessary to protect the health, safety and well-being of our people, our communities and our way of life.”

The order is set to expire at the end of the night on Sunday, April 12. The Governor will re-evaluate the need for the statewide Stay at Home order and other mitigation measures currently in place to determine if they need to be extended beyond April 12.

The Governor previously ordered all K-12 public schools, casinos, bars movie theatres, gyms and fitness centers closed and restricted restaurants to take-out, drive-through and delivery orders only. He has also moved the state’s April 4 elections and limited crowd size.

For businesses, the new Stay at Home order has limits on the following:

All places of public amusement, whether indoors or outdoors, including but not limited to, locations with amusement rides, carnivals, amusement parks, water parks, trampoline parks, aquariums, zoos, museums, arcades, fairs, pool halls, children’s play centers, playgrounds, theme parks, any theaters, concert and music halls, adult entertainment venues, racetracks, and other similar businesses.

All personal care and grooming businesses, including but not limited to, barber shops, beauty salons, nail salons, spas, massage parlors, tattoo parlors, and other similar businesses.

All malls, except for stores in a mall that have a direct outdoor entrance and exit that provide essential services and products as provided by the Cybersecurity & Infrastructure Security Agency (CISA) guidelines.

Businesses closed to the public as listed in the order can conduct necessary activities such as payroll, cleaning services, maintenance or upkeep as necessary.

Any business not covered by the guidance from the CISA discussed in Section 3 of the order and not ordered to temporarily close must reduce operations to continue with minimum contact with members of the public and essential employees, while requiring proper social distancing, adhering to the 10-person limitation on gathering size. 

Early learning centers and child care facilities adhering to the guidance issued by the Louisiana Department of Education and Office of Public Health may continue to operate.

Examples of Essential Worker Functions under the Cybersecurity & Infrastructure Security Agency (CISA) guidelines include:

Healthcare workers and caregivers

Mental health and Social Service workers

Pharmacy employees

Workers supporting groceries, pharmacies and other retail sales of food and beverage products

Restaurant carryout and quick-serve food operations and food delivery employees

Farm workers

Electricity and Utility Industry Employees

Critical Manufacturing Employees (medical supply chains, energy, transportation, food, chemicals)

Petroleum, Natural and Propane Gas Workers

Transportation and Logistics Workers

Communications and Information Technology Employees

Financial Services and Banking Industry Employees

See CISA essential business guidelines here.

Members of the public will still be allowed to go to grocery stores and pharmacies to pick up food, medicine and necessary supplies, go to their essential jobs and to go outside for exercise and fresh air. When leaving their home, people should practice social distancing.

Louisiana u dear stay at home order til 4/12.  https://gov.louisiana.gov/index.cfm/newsroom/detail/2427

 New Orleans mayor this afternoon issued a stay at home mandate for residents of New Orleans. So far, it has not been picked up by officials of the surroundings towns and municipalities.