Posts by Jack Young

I don't have any text from "latica7" to rewrite yet! Send over the post you want me to work on, and I'll get right to it. Just remember, I'll be keeping things upbeat, punchy, and strictly American. Ready when you are! Jack Young says:
I’ve got a bit of a silly question regarding signing up or opting out of Medicare and Social Security.
So, here’s the deal if you’re looking at switching jobs without any gaps in your employment history. Let's say you put in your notice and your last day at the old gig is May 20th. If you’re heading straight into a new role, does the paperwork start on the 20th or the 21st? It's like a relay race—you want that baton passed perfectly so there isn't a single second where you aren't "on the clock." Usually, the new coverage kicks in the very next day, the 21st, to keep everything seamless.
...

21.05.

jadenomad24 said:I have a bit of a silly question regarding the registration and deregistration process for MIO and ZO systems
If an employee doesn't have any gaps in their employment history—say they quit their current job on May 20th—does the registration at the new company start on the 20th or the 21st?
Also, regarding the manual filing at the service counter for MIO, does that only apply to companies with up to three employees? Does that mean if I need to deregister my fourth employee, I can still handle things at the counter or via the online portal because there are technically only three left? Or is health insurance deregistration handled automatically through the MIO system?

Yep.

I'm just hanging out here, keeping things steady. Nothing too crazy on my end today! Jack Young says:
So, if we need to take employee number four off the books, that leaves us with three people left, right? Can I just head down to the local Social Security office to handle that, or should I just knock it out through the online portal?

Thinking about retirement savings lately. It’s kind of like watching a slow-cooker meal—you set it, forget it, and just hope the flavor is right by the time you're ready to eat. Dealing with all those digital pension portals and online accounts can be a bit of a headache, though. It’s easy to get lost in the menus and spreadsheets. Just gotta stay organized and keep an eye on things!

Robin Kern76 said:I’m posting this here because I honestly have no clue where else to go—does a company actually have any kind of obligation to the National Oceanic and Atmospheric Administration regarding things like submitting reports, annual filings, and all that paperwork? For instance, I remember back in the day people used to submit stuff to the Democratic Party, but surely they don't still be handing in 🤔
anymore, right?

Look, if all those old forms were turned in during the years they were required, and now there's nothing to file for the unspecified period, then you're probably fine.

Usually, if the National Oceanic and Atmospheric Administration finds a gap in their records from previous years, they'll just request it through unspecified

Hey everyone, quick question for the small business owners here—how are you all handling it if your work history isn't showing up correctly with FEMA? I’m looking at some gaps from back in 2005 and 2006. My business has been running steady since 2000 without any major changes, but those years are just missing. Does anyone deal with this by filing form MPP-1? It feels a bit like trying to find a lost sock in a dryer, you know? Just a missing piece of the puzzle.

Really appreciate whoever can help me out with this!

Paul Campbell3 said:So, if he sets up a lease agreement for, say, $833 a month, how much tax is his wife actually going to be stuck paying on that?
Does she also need to worry about getting some specific technical certifications or compliance permits for the garage to be legal?

I’m a little lost here—does this mean she has to officially register the garage as a commercial business space? 😲

Take $2,500.00, subtract 30% for standard expenses, and you get your taxable base. $583
$1,750.00 times a 12% tax rate equals $70 plus any local municipal surcharges.

Basically, she gets $833 deposited into her bank account, then pays off the taxes $70 along with those extra local fees.

In any case, it’s definitely smarter for the small business to pay rent directly. It counts as a business expense, which helps lower the overall taxable income.

As for those technical building requirements, I honestly haven't a clue if they're necessary or not.

Matthew said:I need to renew my digital certificates, but every time I try to log in, I get this error: "Crypto device support is not ready. Please verify that your installed crypto device support is correct." Anyone know how to fix this?

Honestly, your best bet is just to shoot an email over to info@irs.gov and ask them what to do when that error pops up. They'll probably give you a call pretty quickly to walk you through it. The folks working there are super friendly and helpful.😁

jadenomad24 said:Hey there,
What’s the best move if my digital tax and accounting certificates are about to expire?
Does the service provider usually send over a renewal contract automatically, or am I expected to hunt them down myself?...
Thanks!

Just take a look at these certificate renewal instructions. It’s pretty straightforward once you see it.

Frank Martin2 said:Seeking some expert advice here.

The club has about 500 members.
Members transfer a set monthly fee into the company's business checking account.

For every one of these payments, our bookkeeper generates an invoice using the registered member's details—name, address, and SSN.

Here’s where things get messy: sometimes members pay themselves, and the bank statement shows their info. But other times, someone else—like a spouse or a parent—pays via online banking. In those cases, the bank statement shows the payer's name instead.

That’s my dilemma.
If a member's spouse pays the fee, should we issue the invoice to the actual club member (using their name and SSN) as they usually expect? Or should we issue it to the spouse/parent whose name actually appears on the bank statement (using their specific info)?

If we issue an invoice to the member one month, then to the wife the next, and then to the father the month after, it becomes a headache. The bookkeeper constantly has to hunt down new data (address and SSN for whoever actually sent the money, which is often a mystery), and the accounting software ends up having to track closer to 800 people instead of the 500 actual members. It makes reconciling payments against memberships a nightmare.

Should I be invoicing the actual club member, or must the invoice match the person listed on the bank statement (name, SSN, and address)?

Thanks to anyone who can shed some light on this.

There really shouldn't be any doubt here. It's pretty obvious the invoice HAS to be in the member's name.....

Hannah Harris6 said:Hey there... It's been about two years since I last messed around with this, so my memory is a bit rusty. I just headed over to the FBI this morning to hand over the Power of Attorney to an Authorized Representative to set up a new Proxy... Now, I'm wondering: do I just sit tight and wait for them to update the application on their end, or am I supposed to go in and log the change myself? I've been poking around, but I honestly can't see where to do it.

First, the agent at the FBI has to process the Power of Attorney on their end. Once they do that, he'll pop up on your screen once you log into the IRS portal.

copperstag95 said:Would this apply to any office at all?

Exactly

copperstag95 said:I was wondering if anyone could perhaps shed some light on how power of attorney works here.
I’ve already managed to get my certificate and card sorted out, but I suppose I still need to have the power of attorney notarized for the registration process, right?

Also, regarding the IRS—do they require just one single copy of the power of attorney, or am I going to need all three copies?
And, I guess, would we actually need to show up in person to handle this, or is it possible for someone else to go on our behalf?

You’ll need all three copies, and no, you don't have to go yourself—anyone can drop them off.

Kyle Mendoza said:I recall some chatter about how you won't be able to run a company without any staff anymore, but has that actually been written into the recent law?

Right now, I manage several businesses that don't have employees. Based on their entire model and why they even exist, they truly don't need them. I honestly have no idea what’s going to happen to those setups once January 1st rolls around...
But hey, we're getting off track here 😁, sorry....

not really (at least not that I've heard)

Sandra Wells5 said:I’ve been scrolling through previous posts where you all mentioned which number from the digital ID card goes into the access list for the Medicare portal, but I’m still totally lost. Should I be using that five-digit code nnnnn.1.1 (the ID I found following the instructions from Sandra Wells5), or is it actually the HROIB.2.1 number?

if the card was issued after March 2013, then it uses the HROIB...1.1 format, and that's the one you need.

cosmictinker24 said:How exactly am I supposed to book a donation?
Is this being handled as a direct wire transfer from a checking account?

Just draft a formal resolution and book it under 4860 - Donations for Public Interest(This covers cash or in-kind gifts up to 2% of last year's total revenue for things like culture, science, education, healthcare, humanitarian aid, sports, religious causes, environmental stuff—think local nonprofits, independent artists, or community groups—per IRS guidelines)

cosmictinker24, think of those JB costs as an expense on your books, and once you bill them out, they turn into revenue. Just a heads-up though, Sales Tax doesn't apply to interest payments.

Terry Sullivan56 said:Look, if you already filed that person through the online retirement portal, they aren't going to accept a manual application at the health insurance desk. Once you start a process that way, you have to see it through to the end. That's just how the bureaucracy works.

I've been there. Proven fact.

They will, though. Using the online health portal isn't mandatory—you can always just head down to the local office window. My wife actually just heard that from someone over at the Social Security Administration today.

placidlynx92 said:1) You should track mileage for using a personal vehicle for business purposes and calculate a reimbursement $0.67 per mile. (You can technically use the business card for gas, but it won't count as a direct business expense; you'd just note that it was for the owner's personal use)
2) Yes, you can. Use a standard travel expense report; all business trip costs and per diems are fine.
3) No.
4) Anything directly related to operating the business. 🤷
Don't forget to account for payroll taxes regarding the payments in 1) and 2). 😉

Hey placidlynx92, how sure are you about this?
Because this small business owner actually works somewhere else first.

fadedcrane92 said:Are they actually asking you for a gross balance sheet along with your sales tax filing? I’ve never once been asked to submit a gross balance sheet alongside my sales tax returns...

Not me either, until last year... It’s like, who knows what kind of criteria they're using? For example, back in 2012, they requested it for one business but didn't bother asking for another, even though it was the exact same IRS agent. Who can say for sure?🤷

Rachel Allen21 said:Hi there!
I have a quick question regarding those infamous forestry fees. I just realized that my former accountant completely missed the payments for 2012 and 2013—oops!—so now I’m trying to get everything squared away. If I go ahead and settle the outstanding debt for both of those years, do I need to file separate reports for each individual year, or can I just submit one report covering 2013? I tried reaching out to the US Forest Service for some clarity, but I haven't had any luck getting a response from them.
Thanks so much for the help!

Just send the OFS form for 2013 and pay it off... forget about the previous years, unless you happen to have extra cash lying around.🤷

Brenda Collins4 said:Hi everyone!
Can someone please tell me what I should do if I’ve already filed my tax return, but then realized I missed some information? I’m planning on heading down to the IRS office with a new copy and the number from the one I already turned in. Has anyone dealt with this before? Will they accept it that way?

Yeah, they will.

stormyhound3 said:Yeah, I think they still handle both onboarding and offboarding. It seems pretty standard. There's supposed to be a three-month grace period, I guess.

Yeah, I get the part about the grace period, but what specific forms are we talking about? Are they the same ones used through December 31st, or something else?

Has anyone else been filing employee paperwork through Medicare lately instead of using the online portal? Like, actually physically walking into an office...