Posts by Carol Price4

Richard Howard55 said:Apparently, this isn't the time for coffee. People say it’s getting too late and I won't be able to sleep.
There might be some truth to that, I suppose, but I'm definitely the exception.
I can drink coffee whenever the mood strikes and I still sleep like a baby afterward.
☕☕
Setting all that aside—I’m all for it! And the service!!! Absolutely divine!!!

I'm with you—I'm a total caffeine addict myself... wouldn't mind a cup even at midnight.😁

amberbadger17 and Richard Howard55, it’s high time we grabbed a coffee... let's just leave everything else behind for a bit 🙂

Lili, if you need a hand with any of this, just shoot me a DM or an email... I’ve got a client who, in my opinion, does this work at really fair prices...

He handles more than just energy audits—he does permitting and zoning stuff too. For a recent project, he charged me half of what a local architect out in Napa Valley wanted, even though he was working all the way from NYC 🙄... so honestly, my advice is to get a few different quotes before you decide.

Henry Edwards33 said:Is anyone else having issues with the IRS website?

I keep getting this annoying error message

•Unable to submit form; please try again. If this error persists, please contact customer support.

I’ve already run the checks through the portal—these are my sales tax filings—but every time I hit submit, I get slapped with this warning. After five tries, it finally went through, but still. 🙂

Looks like the tech team at the Treasury is messing with the app again. 👏

You aren't alone... I had the exact same thing happening when I was using TurboTax...

Jessica Grant56 said:I spent all day yesterday tearing apart the Synesis cash register—honestly, even I was shocked when it actually started working again after everything I did to it...

And just so nobody misinterprets me, if anyone asks what the difference is between a wife and a mosquito (the female kind), I really wouldn't know. Please don't tell her I said that, though. My blood pressure is already low enough as it is...

Is your blood pressure dropping from all that lounging around? 🤣 It’s a good thing she’s sweet—if she had a sharper tongue, your blood pressure would be through the roof! haha!

I should probably send a little thank-you gift to the folks over at NASA—since you poked around the whole program and still didn't manage to wreck it—it's like they actually saw these "glitches" coming!

At this point, you're basically the only one I can actually run into besides Dubu 🤣

Let's grab a beer, some cocktails, or maybe even a shot—whatever you're feeling 😁

Jessica Grant56 said:Honestly, dear, I started picking up some weird slang myself—my grandkids (they're 2 and 3) totally corrupted my vocabulary. They'll be running around saying "monsters" are biting them here and there, or how bats are flying through the sky, and lately even those "batty" things... so, you'll just have to figure it out on your own!

I really need to ask Carol Price4 how she deals with having to learn a whole new dictionary!

Hey Jessica Grant56—I finally found that crystal ball for you! Maybe you, me, and Bill Gates can each grab one and just stare into them to see what they have to say. 😁

I just spotted this crystal ball online—honestly, it’s pretty stunning! It would look amazing sitting on a desk or a bookshelf—just such a cool little vibe for a home office.

placidnomad17 said:Hey there! So, I’ve got a bit of a brain teaser for you guys. I run an LLC, and I’m looking at picking up some bulk inventory over in Canada to bring back here to the States. Now that we're all part of the USA, I know the whole customs headache is pretty much gone, but what's the deal with sales tax? Am I stuck paying it upfront when I buy this stuff in bulk from my Canadian suppliers, or how does that work? I think I heard something about some kind of European VAT ID number being used to bypass that... anyone actually know the drill?

If you're registered for sales tax, just hit up the IRS for your tax ID—once you're cleared in the system, you give that number to the folks in Canada and they'll invoice you without any tax added.

You don't actually pay the tax upfront; you just track it and file your reports to the IRS MONTHLY (honestly, once you start trading internationally, you'll be filing monthly no matter what).

Jack Carter88 said:Greetings, fellow forum members!

I decided to stop by for a quick cup of coffee this morning. ☕

Has anyone here dealt with correcting an erroneous tax payment made through payroll? It’s a bit of a mess—the funds were sent to the wrong municipality's account. Should the request for correction, along with the supporting transaction receipt, be submitted directly to the local branch of the City Tax Office that received the payment?

Many thanks!

Hey Jack Carter88, grabbing a coffee with you!



As for your question, someone else will probably get back to you soon—she's currently out on vacation at the beach and taking some much-needed downtime... 😁

Richard Howard55 said:Heading out to 🙂🙂🙂
Maybe I'll actually find some beach, sun, and the ocean for once. 😍

Goodnight—I'm going to stare at that photo above before I crash, maybe I'll dream about the beach and a coffee too 😍 my day isn't even over yet... but I'll send a coffee your way tomorrow afternoon ☕

Richard Howard55 said:Carol Price4 doesn't want to head back out to the coast just to grab another coffee. ☕What a shame.

I was just about to post some absolute nonsense on that 2013/2014 NBA season thread, and then she goes and posts a picture of the ocean, suggests I just relax during my next vacation, and then—boom—the whole page crashes. Pretty sure she was messing around with the backend or something. 😍Easy enough for the site, I guess. But how am I supposed to justify getting booted again? 🙂
And just like that, everything was already falling perfectly into place! 🤦

Just got back from that seminar. Honestly? What a waste of time. No scenery, no sunshine, zero decent photos... just endless, incomprehensible slides. They did serve us coffee, though. At least they got that right. ☕ That would have been nice. 👍

Ugh, looks like you were swamped today... anyway, I found that photo again—let's go on vacation! 😍

Henry Edwards33 said:You won't believe this, but I actually just brewed myself a cup of coffee. It would definitely hit different if I were sitting somewhere by the coast, though. 😁

Enjoy that coffee! There's zero sun or ocean views over here—just this view in the photo...🤣

Henry Edwards33 said:Nice. Honestly, I might just stick to this routine myself for a while. ☕

Hey everyone 👋

Lily, it’s about time for something like this—it’s noon and we definitely need a break...😍

James Parker6 said:The company bought goods from Italy back in October 2013 and settled the invoice then, but the shipment is only just hitting our shores now. Should we have filed the VAT S form last year, or is it due now?

Doesn't matter if it was paid last year—the invoice goes with the goods upon delivery, so you file the VAT-S now.

mistypuma59 said:I’ve been chewing on a bit of a logistical puzzle lately and wanted to see if anyone here has navigated this before. Suppose I have a legal entity—not registered for sales tax—and I want to rent an apartment from an individual to serve as housing for myself in my capacity as director. The situation is that my business operations are centered in Washington, D.C., but my actual residence is in some small town in the Midwest. Under these circumstances, would it be permissible to lease that space for my own accommodation? Furthermore, can I legitimately record both the rent payments and the utility bills as deductible business expenses in my accounting books?

Thanks a million in advance for any insight you might have.

If you provide an apartment for the director to use, it counts as a fringe benefit—so you'll have to cover the payroll taxes and income tax, but yeah, you can claim those costs.

Kate Perez10 said:I'm trying to figure out the best way to handle an invoice here... specifically, how do I determine who actually needs to be registered for sales tax?
So, my LLC is based here in the US, and we just finished up some service work for a private individual over in the European Union. Our US firm covered both the materials and the labor upfront. What's the right way to go about rebilling those costs along with the service fee?

If you're registered for sales tax, you've gotta charge it on services provided to folks within the European Union.

Jeremy Anderson63 said:Alright, I'll jump in too... just so we can finally wrap this whole thing up... 😉

Everything looks solid so far, but I should probably add one thing. You've gotta make sure that incoming invoice from the Polish company gets logged in the books as a cost of goods sold in transit. Same goes for the outgoing invoice from the American company—that’s just revenue from goods in transit, which needs to follow the tax rules over in Canada. Since it's all happening like this, none of it actually touches the American tax records, the VAT filings, or the Intrastat reports... turns out it's simpler than it looks...

I don't even know where to start with this mess... just total chaos. It feels like nothing makes sense anymore, honestly. Everything is constantly shifting under our feet and nobody seems to be in charge of actually fixing things. Just constant noise... nothing but noise... says:
Look, if Company A is listed as the exporter on the customs declaration, then Company B can just issue a zero-rated invoice based on Section 146, subsection 1, point b of the VAT Directive. It’s pretty straightforward... that kind of invoice isn't even subject to American VAT, so there's no reason to even touch the American VAT records with it. Just stays off the books... simple as that.
Company A is putting this line on their invoice, claiming the whole delivery is exempt from tax based on some specific section of the US tax code... citing an export customs declaration as proof. Honestly, it’s just one of those things...

I have to admit, this whole thing feels a bit nonsensical to me (not saying I’m definitely right, maybe I’m missing something here too). Just to be clear, I haven't gone through and memorized every single word of Council Directive 2006/112, but that stuff is baked right into our own tax laws under Section 45...

If the exact same directive is baked right into the laws over in Canada, then we can basically just take our own interpretation of the law and map it directly onto theirs... simple as that...

If you actually take the time to sit down and read through this new VAT law... honestly... Export isn't actually exempt from VAT... Look, there's only one way this works... you can get an exemption on a shipment to a third country, but only if the supplier—or someone actually acting on their behalf—is the one handling the dispatch. That's it. Nothing else...

Look, if you actually look at the basic definition of delivery under Section 13, Paragraph 1, the place of supply is wherever the goods are sitting right before they get shipped out. In this case, that means the US... so Company A can't just go around citing Section 45, Paragraph 1 to issue an invoice when the whole transaction isn't even hitting our tax records here. At the end of the day, the goods are declared for export, which means everything gets reported over in the States, not here...

In this situation, Company A would basically have to go ahead and register for VAT in Poland...

The supplier agreed on DAP Mexico terms, which covers transport and customs clearance. Under those terms, Company B is the exporter (exporting in its own name and for its own account—the customs declaration lists them). Company A acquires the goods within a third country.
In this scenario, Company A has no obligation to register for VAT purposes in Poland.

Company B's incoming invoice isn't subject to taxation in the US, so it’s just recorded in the financial books. The outgoing invoice to Company C needs to be issued following US tax regulations, including all elements from Section 79, with a note stating it's not subject to tax under Section 4. It also doesn't need to be included in tax records or VAT forms.

Exactly.

Just ignore this opinion, because the second part is completely off base. There are still way too many gray areas with these chain deliveries when you look at how the IRS issues official rulings...

Man, you totally lost me there... was this a "one or the other" situation? Why are we bringing Canadian laws into this now?

A= America, B= Poland, C= Mexico

My logic was simply that the supplier is the one shipping the goods—meaning the invoices change—and there's a JFK on the American company...

Honestly, I'm not even sure myself... there are so many different scenarios, and there's nowhere to check things with absolute certainty... so you just have to dig through the laws and ask for advice... we really should all be lawyers!🤣

But hey, more brains always lead to a conclusion eventually—that's why I love this little corner of the internet.😍

Kyle Mendoza said:According to the federal regulations regarding licensed professional services from 2008 (is there a more recent version floating around?), if you want to open a sole proprietorship for accounting or bookkeeping services, you're required to have specific credentials—like an Associate's degree in finance, an administrative specialist certification, or an economics degree.

Can anyone tell me if I can actually launch my own bookkeeping business with just a high school diploma, an Associate's in Economics, and seven years of solid experience in the field? Or am I better off throwing in the towel on the sole proprietorship idea and just forming an LLC instead?

😁 😬And please, don't come at me with that "well, any decent accountant should already know this" line.🙂

Look, if you have an Associate's in Economics, then you're an economist—period. 🙂

It's definitely doable. 😁

If Company A is listed as the exporter on the export customs declaration, then Company B can issue a tax-free invoice based on Section 146(1)(b) of the European Union VAT Directive—this means the invoice isn't subject to American VAT and doesn't even need to hit the American VAT records.
Company A will just cite the specific provision on their outgoing invoice stating the goods are exempt from tax under Section 45(1) of the American Value Added Tax law (using that confirmed export customs declaration as proof).

Now, if the exporter on that customs declaration is actually a supplier from Poland, then per Section 146(1)(a) of the European Union VAT Directive, they’ll issue a zero-rated invoice—again, this won't be subject to American VAT or recorded in any American VAT books.
In that scenario, it’s basically treated as if the American company sold those goods to their customer in Mexico from somewhere outside the US—even outside the European Union, for that matter. That sales invoice wouldn't fall under the American Value Added Tax law according to Section 4(1)(1).

No Intrastat required here.

The other scenario—exactly what you laid out—is where there's registration in Canada, and since Company A is handling the export side of things...

P.S. Quick question for the mod—would it be considered cross-posting if I started this as its own new thread? 🙄

Go for it! It’s actually better to have everything organized properly so people can find all the details in one spot. 😉

Just lay out the whole situation and all the research you've done in the opening post—then let the other accountants jump in to help you out.