PapaJoe

Mine go back to 1985. Lotta history there.

I don't know if there is a better way, but you could always delete and re-enter that one K-1.

I agree with Abby Normal that the corporation remains intact, continues to use the same EIN and payroll continues uninterrupted. You can close the books as of date of sale to determine the income or loss for the selling stockholders, and then reopen the books for the rest of the year to determine the income or loss for the purchasing stockholders. The corporation would file one tax return for the entire year. The mid-year closing would only be used to allocate profit/loss.  cbslee may be thinking of partnership rather than corporation.

I dealt with this years ago with a (non-church) non-profit. Real estate rental is not subject to UBIT unless it is debt-financed. If the church owns the property free and clear of any debt, then no UBIT.

Deal was made in 2015. How was it treated on his tax return in 2015-2020?

Two questions: why didn't he contact the employer if he knew the SSN was incorrect on his W-2 and why did he file a tax return using an SSN he know was wrong?

649 Monroe Street is the address for Alabama Dept. of Labor    Tax ID is 63-0674968

50 Ripley Street is the address for Alabama Dept. of Revenue     Tax ID is 63-6000619

Most of our handbell choir also sings in the chancel choir. In the olden days (pre Covid) handbells and chancel choir shared the choir loft so we could ring and sing. I haven't touched a handbell since March.

On 12/26/2020 at 11:20 AM, Lion EA said:

(including three bell-ringers with two bells in each hand

You have three ringers who can four-in-hand?!?!?  I'm the only ringer in our bell choir who will even attempt it. (I like it. It's fun!)

I agree with Bulldog Tom.

Copy and paste from last year. I bet that's what your CPA firm does. Update dates and amounts as necessary. You only need to write a new note from scratch if something is added or is different from last year.

You can download a fillable 941 PDF from IRS.GOV.

If Oklahoma source rental income is $1,000 or more, you must file a return.  On that return you will be taxed on the net rental income. Depending on Oklahoma tax laws, there may not be any tax due.

Thanks to all who replied. Guess I'll just file one W-3 and include W-2s for all three stores. It's only a little more work. Your input is appreciated.

I have a corporate client which operates three convenience stores. Can each store file it's own W-3 transmitting the W-2s from only that store or must all three stores' W-2s be filed under one W-3?  Only one 941 is filed each quarter covering all three stores, so if each store can file it's own W-3 the SSA will receive three W-3s to match up with 941 totals for the year.

@STGBK:  I have the same problem with Batch Provider - it loads the welcome screen and then quits. Have to reboot computer to get rid of the welcome screen. Help line doesn't answer and if you try to leave a message it says the mailbox is full.

@cbslee:  EFTPS Batch Provider is a separate program. It is not accessed via a browser.

Now if someone only know how to solve this problem.

It might help if you told us what you have already tried.

In Drake my deceased spouse had the word "deceased" and the date printed in the box with the deceased spouse's last name.

I agree with Lion. I'd treat it as a reimbursement or offset to renovation cost which will reduce depreciable basis.

You'd think that, if you could look out the window and see them in the car, they could look in the window and see you moving around inside and know you were home. (You do move around a little while you're working, don't you?)

1 hour ago, Roberts said:

I use Libre Office.

One spreadsheet I use needs MS Office but a really old version is perfectly fine so I use it on an old laptop.

9 minutes ago, Abby Normal said:

Still on office 2010 here. No need to spend more money, until absolutely forced to. We don't do fancy things with office, just letters and simple spreadsheets.

I, too, use Libre Office for most work, but I have a copy of Office 97 which I need for a couple of filings with the state.

 

You'd think an interstate sale would be exempt from sales tax.

Why would you want to give your client 5 more days to procrastinate?

A client one time brought in a QuickBooks P&L with only two lines....Income and Expenses.

Is the non-profit really an non-profit? Did she receive a letter from IRS granting non-profit status? Is she filing a 990 for the non-profit? Etc. Etc. Etc. I'd worry about the non-profit really mucking things up.