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About Catherine

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    ATX Supreme Guru

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    http://www.grant-financial.com & www.constitutiondecoded.com
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    competitive target shooting, fiddle playing (Scottish style), dancing, gardening, reading

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  1. exceeding $50. Under that, it costs them more effort to look at than it's worth. But keep a copy in case the IRS makes changes later, to see if they then match up.
  2. The other piece is depreciation on any assets bought during the "missing" years. If the corporation is in a position to Section179 everything - or if they didn't buy anything that qualifies as an asset during those years - then if your client can confirm through the SOS's office that the corporation still exists, go for it. Many times, too, you can reinstate a corporation by filing all the back annual reports and paying the fees (plus a sweetener, frequently called a reinstatement fee). Else he has to open a new corporation, get a new EIN, and he can kiss this particular loan goodbye and try again once his paperwork is in order, in two or three years. Of course, no one is going to loan money to a brand-new corporation with zero history... You can't save some people from themselves and it's NOT our job to try.
  3. To our friends in Louisiana: Stay safe with the storm, the ridiculous amounts of rain, and the storm surge!
  4. "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights... that to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed".
  5. If you have an SSA Business login, I'd try filing W2C's there. Put in the doubled-total are original report, and correct amount for corrected.
  6. Yes check with SSA, but the system will indeed accept multiple W-2s per employee per employer. We had a situation last year with double-reporting of income for some employees. One was our client; employer learned of issue when several ee's got CP2000 letters for un-reported income.
  7. That's why we love you! We're all (mostly) kinda scrappy and yappy here.
  8. or in pieces; as long as they don't re-surface!
  9. I'd check the microsoft knowledgebase. But it doesn't sound right to me! Anything real should come via the Updates screen, not this pop-up.
  10. You're probably right. Even if the questions are merely "WHO do I send this check to? When is it due? Is it really this much?" ""Where can I go to get my poodle clipped, in Burbank?" questions, questions, questions facing concerned young Americans today." Frank Zappa.
  11. I see I am not the only cynic amongst the crowds here... lol. Who's that Jeopardy game show host? "Alex, I'll take the float for $8,000, please!"
  12. I feel bad (sometimes) charging $20-ish per form when I'm paying $2.99 - but then I'm still the one getting the questions, and inputting information - and nagging the clients, too.
  13. Maybe that's the answer. Stop all withholding, and have people make quarterly payments. They may be much more leery about who they send to be their local and federal legis-vermin if they get a quarterly reminder of how much it's all costing them! And WE wouldn't get the questions and complaints about the bleeping W-4 forms and owing and lower refunds and heaven only knows what else. That part would be a win for us!
  14. We just had a similar situation, with original return refund applied to 2019. The amended return was sent in without payment, and with a request to lower the 2019 carry-forward. The client immediately got a bill. My partner called the IRS and was told that they cannot change the carry-forward amount. That sounds bone-stupid to me (they HAVE the money already, after all), so it may be worth another call for us to see if we can get someone with a better clue to answer the call. My partner now has a far-better understanding of why I detest applying refunds to the next year. One mess up (in this case, our elderly client misplaced a consolidated 1099 and since she was new - and newly widowed - we had no prior history to question her on), and now you have two years involved in the mess. I'd just have the client pay it - and watch like a hawk, next year, to be certain the IRS doesn't lower the carry-forward anyway.
  15. For just a few, yes use one of the online services. Tenenz offers one. I have used efilemyforms dot com very successfully for several years now. If memory serves, it is $2.99 per form to efile each form (you get near-immediate pdf's of payer copy, payee copy, state copy, etc), and $3.49 to add in mailing to recipients. You still get all the pdf's for your client who has to send the forms. I charge per form sent, and I'll just say that it's substantially more than $3.49 (and the bump up in price to mail is less than the cost of my stamp, let alone special paper, special envelope, toner, and time).
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