Carol Price4 said:You fall under that first category—so just give this a read to see what you need to do.
Best,
Sorry to bug you—do those changes from the new act need to kick in by July 1st, or can I get ahead of it? (Just asking because I don't handle any cash transactions anyway).
Jack Carter88 said:Think of it like this: you book the prepayment as a debit to 1430 and a credit to 1000. If you paid the December 2012 prepayment in January 2013, you should record that under 12/31/2012. Then, you perform a debit to 1430 and a credit to 2430. After that, just cross-reference everything in account 1430 (which serves as your "Tax Prepayment Receivable") against the official records from the IRS. From there, you proceed with the adjusting entries based on the actual tax calculations from your federal tax forms.
Thanks for the help! I had been booking all those prepayments directly from my bank statements straight to 2430 on the credit side—mostly because we haven't even fully cleared the profits from 2011 yet. From what I understand, the IRS clears those old balances first before they touch the prepayments. Since our profit for 2012 is looking pretty slim, I’m really hoping everything just evens out once we file the final paperwork.
Hey guys, I really need some help here... I'm looking at account 2430 and I've got this corporate income tax liability sitting there from the 2011 fiscal year. Now, whenever I actually made payments, I’ve been booking them directly to 2430—which, looking back, might be my first mistake—but where am I supposed to be recording the tax prepayments? And more importantly, how do I go about clearing them out against the liability when it's time to pay? Any advice would be a lifesaver!
So, quick question for the group—if a cleaning company (an LLC) never actually deals in cash because everything goes straight through bank transfers, does that mean they’re exempt from this whole messy fiscalization headache? Like, do they even need to bother updating their invoice layouts, payment terms, or anything else at all? I was at an NPR seminar yesterday and honestly, I came home feeling way more confused than when I walked in.🤷
Hey, I could really use some help here, I've got an employee who had some complications before giving birth back in 2012, so she was covered under Medicare at the time. Looking at her insurance card for 2012, the columns for January and February are filled out—which makes sense—but I'm stuck on the rest. Should the other columns be filled with zeros, or is it fine if they're just left blank? Right now, mine are totally empty, and I'm not sure if that's going to cause a headache later.
If I pull a report from Microsoft dated March 31st, 2012, and submit it through my digital tax portal, am I still going to have to drag myself down to the IRS office with a printed reference page, or am I good?
Regarding the final tax return—I sent over everything I could via the online filing system, but I ended up hand-delivering the rest of the paperwork directly to my agent at the local tax office. Honestly, it feels like there’s just no other way to get it done. 🤷
So, my sales tax form is sitting in an .xls file right now—any idea how I can flip that over to XML? Sorry to be such a pain, but honestly, tech stuff just makes zero sense to me! Also, I was trying to pull the Goldman Sachs POD through the IRS portal and everything seemed fine, but now I’m seeing these checkmarks next to "non-standard documentation." The thing is, I haven't even converted those files to PDF yet, so I have no clue why those boxes are checked?? I really hope I didn't actually submit anything—I was just testing to see if it would fetch the docs, I didn't hit confirm, so hopefully that Goldman Sachs info hasn't been sent off into the void already.
Could someone please walk me through what format the PD form needs to be in so I can actually upload it via the IRS portal? Also—and this is a big one—which specific forms am I supposed to file electronically through the digital registry versus the ones I still need to physically drop off or mail in?
Hey everyone—has anyone here ever picked up a wedding dress over in Memphis, maybe near the Mississippi River hotel area? If you have, please spill the tea! I'm dying to know what the selection is like, how the pricing holds up, and any other little details you can share... help a girl out!
Just a quick heads-up—I actually swung by the local registrar's office today, and it turns out I totally botched my description of how those officials handle home visits $600 instead of $1000, you know? Just wanted to set the record straight! 👎
Hey ladies! Just wanted to jump in here and join the wedding talk because—get this—my big day is actually right around the corner, and honestly, who better to vent to than you guys...🙂 So, here's the deal: we’ve decided to go a bit off the beaten path and host the whole thing right at our house. If anyone here has actually pulled off a home wedding before, please, for the love of God, share your wisdom! We’re living in Indianapolis, and the plan is to keep it super intimate—just about 20 people, mostly family and our closest friends. We'll have the officiant come directly to the house, though I know they're gonna charge us an arm and a leg for the privilege =$600, and right now I'm in the middle of negotiating with a local catering company to handle all the food and drinks. In my head, everything looks absolutely perfect and dreamy, but let's be real—we won't truly know how it turns out until it actually happens...