IRS and Tax Filing Issues
in Business, Accounting & Taxes ·
Home ›
Brenda Chase3 › Posts
Posts by Brenda Chase3
367 posts shown.
How to sign up for Medicare
in Business, Accounting & Taxes ·
Timothy Morgan38 said:I finally handled my pension paperwork and updated both my Democratic Party and Republican Party affiliations for my new job application, but when I try to pull up the confirmation, it still just says "processing"...
I also went through the changes with Medicare and attached those forms showing everything is still being processed...
So, what’s the move here? Am I going to have to redo the whole update once the status actually flips to "completed," or can I just email them the extra documentation as an attachment?
BTW, this system is supposed to make life easier for small business owners handling onboarding and offboarding... but honestly, in the time it took me to scan all these contracts and wait for these status updates, I could've probably finished 50 hires and terminations in person at a local office...
Don't sweat the fact that Social Security still has your paperwork pending. What matters is that you submitted everything on time. In my experience, it usually takes them a few hours, or at most, until the next day to clear it through.
If you already sent the documents to Medicare as attachments, there isn't much else to do but wait for an email response. They'll either send back the processed form or notify you that you need to resubmit with the finalized Social Security documentation, and then you just send it again.
I completely agree that this is a massive mess. It feels like every time they try to streamline bureaucracy to save themselves work, they just dump more of that labor onto us. We end up doing their job for them, yet the red tape never actually shrinks. Scan it, print it, save it, upload it, wait for receipt, and then upload it all over again... it's endless. At this rate, I'd be better off hiring a full-time assistant just to manage these government portals—someone whose entire job is tracking what’s been processed, what hasn't, and what was successfully sent...
How to sign up for Medicare
in Business, Accounting & Taxes ·
Timothy Morgan38 said:How long does it actually take for these e-filings to clear???
I’ve got an employee switching from full-time to part-time at his current firm, while simultaneously starting a part-time gig at a different company...
Sent over the updated paperwork and the Medicare changes about three hours ago... still nothing on my end...
The catch is I need to file his new enrollment effective today, but Medicare is blocking me—claiming he’s already covered and needs to be de-registered first...
How much longer am I going to be sitting here waiting???
Typically, Social Security updates are handled the same day or by the next business day at the latest, whereas Medicare tends to take a bit longer. The main thing is that you submitted everything on time; they’ll process it when they get to it. You can actually go ahead and register them at the second firm immediately, regardless of whether the status change has cleared yet. I once dealt with a situation where an employee was offboarded on March 31st and started at a new company on April 1st; they were able to enroll her without any hiccups even though my paperwork for her departure hadn't officially cleared the system yet—provided it had been submitted.
However, you won't be able to finalize the Medicare side until the Social Security update goes through, since you have to provide the Social Security confirmation as supporting documentation. Their turnaround window is still roughly eight days.
If Medicare keeps giving you trouble, send an email to registration@medicare.gov explaining that the employee will be working part-time at two different companies. Use that address to explain the specific circumstances if they keep insisting the person is already insured.
How to sign up for Medicare
in Business, Accounting & Taxes ·
Has anyone else tried using the online portal for retirement updates today? I’ve been trying to submit my paperwork for over an hour now, and the site just keeps spinning like crazy without actually processing anything. I’m guessing the servers are totally overwhelmed—kind of like how the DMV gets when everyone shows up at once—since today is the first day they’re making it mandatory for those over 65 to file through the digital system. Trying to get a hold of a real person at the Social Security Administration is practically impossible, so I was just wondering if you guys are running into these same technical glitches or if it's just me...
IRS and Tax Filing Issues
in Business, Accounting & Taxes ·
Dear forum members, I have some OFFICIAL good news from FINRA: due to a system outage that’s preventing the submission of NASDAQ filings, the deadline for filing has been extended until Sunday, April 6th, 2014.
I actually called FINRA directly regarding some authorization issues, and they passed this information along to me. However, I can't post the formal notice on my website just yet because their teams are still locked out of the system.
I actually called FINRA directly regarding some authorization issues, and they passed this information along to me. However, I can't post the formal notice on my website just yet because their teams are still locked out of the system.
How to sign up for Medicare
in Business, Accounting & Taxes ·
ruggedcyclist74 said:Was that done through the online portal or in person at the local office?
The online portal is definitely the way to go.
How to sign up for Medicare
in Business, Accounting & Taxes ·
Kyle Rogers8 said:Yeah, you need all of it. They reject applications that are missing those docs. (Though, oddly enough, if you show up in person at the service window, they might let it slide without the extra paperwork.)
It’s the same deal when someone changes their last name—it's a mountain of paperwork.
In our experience, we processed about ten of those Type 3 enrollment forms for members, and they went through perfectly smooth without us having to provide a single extra piece of supporting documentation.
How to sign up for Medicare
in Business, Accounting & Taxes ·
Robert Sanchez6 said:amberdrifter14, thank you for the response—I completely agree regarding the option to cover family members through independent Medicare enrollment; it would certainly make things much more manageable for us.
I must admit, I was somewhat taken aback by the fact that the staff at the local field office seemed entirely uninformed on the matter.
Furthermore, if I decide to proceed with insuring my child under an employee's plan via the online portal, am I truly required to ask them to provide a birth certificate and proof of residence, as specified in the list of required documents? Has anyone here actually had an application approved without those being submitted?
If you're adding a child under an employee's plan, you don't need to attach anything extra as long as you fill out the child's info on Form 3. The only exception is if it’s a newborn; in that case, they'll definitely want all the supporting documentation. If the child was already covered previously, you just fill out the form and you're good to go. In my experience, everything has gone through smoothly without any hiccups.
How to sign up for Medicare
in Business, Accounting & Taxes ·
ruggedmaker2 said:Is there any way to submit those MPP1 forms through the e-retirement portal if the retirement office starts breathing down my neck about an employee getting ready to retire?
I’m guessing the answer is a flat no, but I figured I’d ask before I lose my mind.
Your hunch is spot on, ruggedmaker2. I'm looking at my own dashboard on the Social Security portal right now, and that specific form isn't listed anywhere.
Accounting for Sole Proprietors: Tax & Bookkeeping Tips
in Business, Accounting & Taxes ·
cosmictinker24 said:Quick question here!
When you guys are running payroll, how are you handling federal holidays? I mean, when we aren't actually working because of a holiday, do you list those hours under section 3 for paid time off/holidays on the OP form, or do you just lump them in with regular hours under section 2? I was talking to this woman who told me she doesn't bother separating holidays from regular work hours since they're paid anyway... I mean, sure, if you actually *work* on a holiday, you get that overtime premium, but if it's just a day off, you still have a right to be compensated, right?
Here’s my breakdown: For the period of 1/14—totaling 184 hours—she worked 160 hours, had 16 hours of holiday pay, and 8 hours of sick leave. So, I report it as 160 regular daytime hours, then put the 16 holiday hours under section 3.3, and the 8 sick hours under section 3.2 for temporary disability.
Is there any chance I'm doing this wrong? Someone please set me straight if I am.
What do you all think?
I prefer to separate them simply so everything stays transparent and easy to track. Using your specific example, my breakdown would look like this:
Regular work: 160 hours (pay rate factor 1.0)
Holidays and paid non-working days: 16 hours (pay rate factor is also 1.0 since the employee didn't actually work the holiday, but is still being compensated)
Sick leave: 8 hours (we use a factor of 1.0, meaning we don't reduce the salary by a certain percentage unless it spans multiple days, though that can vary depending on the company policy)
IRS and Tax Filing Issues
in Business, Accounting & Taxes ·
wanderingseal14 said:What’s the deal with them changing the sequence numbers on the tax filing forms?
I can't even hit submit because it keeps telling me the sequence number doesn't match.
It might just be a typo on your end. Which number are you trying to enter?
How to sign up for Medicare
in Business, Accounting & Taxes ·
Sandra Wells5 said:I’m trying to navigate the online retirement application system, and I’ve hit a snag. My contract lists my role as "assistant construction laborer," but that specific title isn't appearing in the official job classification list. Will my application be rejected if I just enter the title exactly as it appears on the contract? Or am I forced to change the contract to match one of their pre-approved categories? Is it even legal for me to cross out the existing title on the paper and write in a different one 😁, just so I don't have to hunt down workers at a job site to sign a whole new agreement? We've filed applications for workers with similar descriptions before, but I honestly can't remember how the lady at the Social Security Administration handled it back then...
Just pick the closest available option from the list—if "general laborer" is there, go with that—and then you can type the precise title from the employment contract into the comments or additional info field below.
Accounting for Sole Proprietors: Tax & Bookkeeping Tips
in Business, Accounting & Taxes ·
Robin Cook4 said:Hey, does this fee hit every single small business regardless of what they do, including freelancers? And when did this actually kick in?
It applies to everyone across the board. This went into effect back on June 26, 2012.
IRS and Tax Filing Issues
in Business, Accounting & Taxes ·
Is the IRS website down again?
Accounting for Sole Proprietors: Tax & Bookkeeping Tips
in Business, Accounting & Taxes ·
Nicole Lee6 said:Aha, okay. In that case, I think I'll follow your lead and start logging them through the UR.
So, if I'm following this logic correctly, my "expenses" category would be reserved for stuff like employee payroll summaries, self-employment tax contributions, interest on business loans, bank service fees from incoming transfers, exchange rate fluctuations, and so on, right?
Precisely. Essentially, you're looking at any recognized expense where you aren't receiving a traditional invoice or receipt.
Accounting for Sole Proprietors: Tax & Bookkeeping Tips
in Business, Accounting & Taxes ·
Nicole Lee6 said:But personally, when I'm dealing with invoices that don't carry sales tax—say, an NPR subscription, car insurance, or those monthly bank service fees—I just log them directly into KPI under the Expense document type rather than running them through the expense journal (and I'm talking specifically about using unknown) 🤷
From the perspective of the IRS, it doesn't really matter because you're ultimately just submitting a summary report anyway. Everything you mentioned qualifies as an invoice, so there’s no harm in entering them directly into the UR. Typically, we categorize things under "expenses" if they aren't formal invoices, whereas true costs are handled differently. But if you have a proper receipt or bill in hand, it belongs in the UR. We're talking about the exact same software here.🙂 It really just comes down to how you were trained; it's all just minor nuances.
Accounting for Sole Proprietors: Tax & Bookkeeping Tips
in Business, Accounting & Taxes ·
cosmictinker24 said:I usually enter the amount $167 and then put the rest under "not subject to $500" because if I just type in the total invoice amount, the software automatically splits it into the base price and the tax... In my KPI, I manually book it under expenses—against the checking account $167 and the total allowable expenses $167..
I know this sounds like a pretty dumb question, but I read somewhere that invoices without sales tax shouldn't be included in IRS filings... so I figured I'd share what I've been doing
thanks
I have no idea who told you that only invoices with sales tax go into the IRS filings. All incoming invoices are valid entries; that is exactly why the "not subject to tax" fields exist in the first place.
The way you handled the entry sounds perfectly fine based on your description. 😉
Accounting for Sole Proprietors: Tax & Bookkeeping Tips
in Business, Accounting & Taxes ·
cosmictinker24 said:We just got an invoice from a vendor who isn't registered for sales tax for some work they did for us. I'm wondering if this should even hit our books with the IRS, or... maybe it should? How do I go about recording this under Expenses as is—$167 without any sales tax included?
Thanks
Of course it goes in. An invoice is an invoice, whether it includes sales tax or not. You simply enter the total amount of the invoice into your IRS records.
IRS and Tax Filing Issues
in Business, Accounting & Taxes ·
Robin Cook4 said:Do I actually need an IRS account to file my taxes online, or can I just drop them off in person? Thanks!
If you aren't legally required to use the electronic filing system, you can always just bring in a hard copy.
How to sign up for Medicare
in Business, Accounting & Taxes ·
jadenomad24 said:If I’m looking to register a new employee starting March 1st, but I haven't received my electronic filing credentials for Social Security yet, can I just head down to the local office and file the paperwork in person this Monday?
I know there's a grace period until April 1st, but given that 24-hour reporting requirement, isn't it worth being safe?
You certainly can. According to Social Security guidelines, if the agency is closed on the day the 24-hour deadline actually hits, the deadline automatically shifts to the next business day.
http://www.ssa.gov/UserDocsIma...EKTORIRANO.pdf