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So, I just got back from this seminar hosted by JPMorgan Chase. Don't get me wrong—the presenters were perfectly polite, but honestly? Everything they said was so incredibly vague. If you actually tried to pin them down with a specific question, they’d dodge it or wait until a coffee break to give you some non-answer. It’s frustrating because there are actual practical things they still don't have answers for! Take this, for example: if you sell goods to another state within the USA, you check via the IRS to make sure the buyer is a registered business, and then you don't charge them sales tax. Simple, right? Well, no! Because you still have to prove the goods actually left the US, otherwise, you’re stuck charging local taxes. When I asked how you even prove goods were shipped to another state—since we don't deal with those old customs documents anymore—the presenter just shrugged and joked that she always tells people to just take a photo of the truck and the driver picking up the load. I mean, she was obviously kidding, but it leaves the real question hanging: what *is* the actual proof that the shipment crossed state lines? That’s just one tiny drop in the ocean, too. Don't even get me started on determining the place of taxation—deciding what counts as an acquisition and what doesn't, handling tripartite deals, hitting those monthly filing deadlines, or dealing with small businesses that have to register for sales tax in another state because they're making taxable deliveries there... it’s a nightmare. And then there's the whole reverse charge mess 🙂
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wiredmarlin41 said:I'm thinking along the same lines as Raymond Martinez10, because the article being cited specifically mentions... at the latest before the first DELIVERY.
The moment you open a business today, you have an invoice from the bank; if the law didn't allow people to join the VAT system mid-year, there would be absolutely no reason for such a provision to exist in the first place.
In practice, they’ve always accepted registration into the VAT system regardless of what input invoices were on hand—they just required the IRS transcripts.
but you aren't allowed to claim any input tax from previous periods (before you officially entered the VAT system)
or 🤷
dustyscout8 said:vlado3, I have no idea what you're getting at🙂 because I am seeing the exact same message stating the form "is signed and cannot be edited," and yet absolutely nothing happens. There isn't even a confirmation that it was received or any sign of progress. I actually called their toll-free support line, and the woman on the other end sounded completely frazzled; she basically admitted the application is broken and that it isn't our fault, but rather that their system keeps hanging and half the features simply aren't functioning. So, how are we supposed to submit anything? The old system worked perfectly fine, and there was never an issue with it.
Has ANYONE HERE actually managed to successfully file an ID form using this new, broken software?!
I managed to get two IDs through, but honestly, it drives me absolutely INSANE that you have to manually click into every single line with your mouse because hitting "Enter" won't even move you to the next line. It's ridiculous.🙂
If there's anyone with actual authority reading this, 🙂 fix this bug already!
Drew Rogers6 said:Look, I learned this the hard way. I had a situation once where only the kitchen area was closed because of some scheduled time off, and the state inspector came knocking and slapped us with a fine just because we hadn't notified the local commerce department. Seriously—just file the paperwork ahead of time so you can sleep at night. It’s not worth the headache.🙂
My bad, I totally missed the mark—just realized your question was actually about the digital transaction reporting rules.🤷
Chris Hayes16 said:Hey everyone,
I was hoping someone could help me clear something up regarding tax reporting and business hours
If I run a small shop with just two employees, and our schedule shifts temporarily—say we have to shorten our hours because someone's taking vacation or is out on medical leave—do we actually need to report those changes to the IRS? Does it matter if it's just a temporary thing for two or three weeks before we go right back to our regular hours?
Thanks in advance for the help!
Look, I learned this the hard way. I had a situation once where only the kitchen area was closed because of some scheduled time off, and the state inspector came knocking and slapped us with a fine just because we hadn't notified the local commerce department. Seriously—just file the paperwork ahead of time so you can sleep at night. It’s not worth the headache.🙂