IRS and Tax Filing Issues

I suppose one might wonder where to actually find those "IRS tax codes" the software keeps asking for while you're trying to put these forms together.

Shoot me a DM 🙂

Have you all read about this...

The IRS is actually charging fees for the public disclosure of annual financial statements!

rowdyjackal4 said:Have you all read about this...

The IRS is actually charging fees for the public disclosure of annual financial statements!

Absolute disaster.👎
I suppose next we’ll get some new directive on how to electronically submit non-standard documentation—you know, the footnotes and distribution decisions—and who knows, they might even make that optional eventually.😂
But for now? They’re charging us just to look at public data—as if we’re paying for movie tickets or something.🤣

Raymond Martinez10 said:Absolute disaster.👎
I suppose next we’ll get some new directive on how to electronically submit non-standard documentation—you know, the footnotes and distribution decisions—and who knows, they might even make that optional eventually.😂
But for now? They’re charging us just to look at public data—as if we’re paying for movie tickets or something.🤣

Up until now, I've submitted everything through the electronic portal—notes, everything required... But how exactly are they charging people to view public records?
Here is the article:
"The Treasury is now charging for the public filing of annual reports

Monday, November 14, 2011.

According to the species regulation regarding fees for the SEC for services involving the public publication of annual reports and issuing documents from the SEC filings (Federal Register, No. 126/11), the SEC will begin charging fees for the public publication of annual financial reports starting January 1, 2012.

Per Article 2, Item 1, and Article 3, Paragraph 2 of said regulation, businesses will be charged fees for the public release of financial report documentation received by the Registry, whether submitted via paper or electronically on various data carriers.

Fees for the service of publicly releasing financial report documentation received by the Registry through online services will be collected from the federal budget in accordance with Article 2, Item 1, and Article 3, Paragraph 1 of the regulation.

Interestingly, in previous practice, there were no fees charged to businesses for publishing annual financial reports; instead, those costs under the 2009 regulation (Federal Register, No. 12/09) were covered by the federal budget regardless of the submission method or media used. "

Ha!! So that means my companies won't be charged anything because I send everything through the digital portal... Thank goodness! :-)

Kimberly Harris6 said:Up until now, I've submitted everything through the electronic portal—notes, everything required... But how exactly are they charging people to view public records?
Here is the article:
"The Treasury is now charging for the public filing of annual reports

Monday, November 14, 2011.

According to the species regulation regarding fees for the SEC for services involving the public publication of annual reports and issuing documents from the SEC filings (Federal Register, No. 126/11), the SEC will begin charging fees for the public publication of annual financial reports starting January 1, 2012.

Per Article 2, Item 1, and Article 3, Paragraph 2 of said regulation, businesses will be charged fees for the public release of financial report documentation received by the Registry, whether submitted via paper or electronically on various data carriers.

Fees for the service of publicly releasing financial report documentation received by the Registry through online services will be collected from the federal budget in accordance with Article 2, Item 1, and Article 3, Paragraph 1 of the regulation.

Interestingly, in previous practice, there were no fees charged to businesses for publishing annual financial reports; instead, those costs under the 2009 regulation (Federal Register, No. 12/09) were covered by the federal budget regardless of the submission method or media used. "

Ha!! So that means my companies won't be charged anything because I send everything through the digital portal... Thank goodness! :-)

There’s definitely a fee schedule for accessing data...
So tell me—do you have a professional login and full authorization for all your clients? And what’s the monthly per-client fee looking like?
As of right now, I'm strictly using mine for the IRS.

Kimberly Harris6 said:Up until now, I've submitted everything through the electronic portal—notes, everything required... But how exactly are they charging people to view public records?
Here is the article:
"The Treasury is now charging for the public filing of annual reports

Monday, November 14, 2011.

According to the species regulation regarding fees for the SEC for services involving the public publication of annual reports and issuing documents from the SEC filings (Federal Register, No. 126/11), the SEC will begin charging fees for the public publication of annual financial reports starting January 1, 2012.

Per Article 2, Item 1, and Article 3, Paragraph 2 of said regulation, businesses will be charged fees for the public release of financial report documentation received by the Registry, whether submitted via paper or electronically on various data carriers.

Fees for the service of publicly releasing financial report documentation received by the Registry through online services will be collected from the federal budget in accordance with Article 2, Item 1, and Article 3, Paragraph 1 of the regulation.

Interestingly, in previous practice, there were no fees charged to businesses for publishing annual financial reports; instead, those costs under the 2009 regulation (Federal Register, No. 12/09) were covered by the federal budget regardless of the submission method or media used. "

Ha!! So that means my companies won't be charged anything because I send everything through the digital portal... Thank goodness! :-)

So, were you scanning those notes and decisions to send them along with the rest of the paperwork, or did you handle it some other way?

Just to circle back to my previous point regarding the fees for extra authorizations on the FINA card: "... if you're using the same card for multiple companies (provided you have the power of attorney), there's an additional charge of roughly $2.50-$$4.00 per authorization—though I suppose that figure fluctuates depending on how many powers of attorney you're processing, as more volume usually means a bit of a discount. And keep in mind, these charges are strictly for FINA’s internal services (like registration, statistical reporting, or FINA payments); in a typical scenario, you might see one company $17 a month, maybe three firms $29, or even up to 101 firms $101. That invoice could potentially spike only if you happen to request a specific tax document, a statistical transcript, or something similar that FINA charges for—which, honestly, is still probably cheaper than dealing with someone at a bank teller window anyway."

Raymond Martinez10 said:There’s definitely a fee schedule for accessing data...
So tell me—do you have a professional login and full authorization for all your clients? And what’s the monthly per-client fee looking like?
As of right now, I'm strictly using mine for the IRS.

"Additional authorizations are billed according to the following scale:
Digital ID - additional authorizations*
up to 10 authorizations
$4.00/authorization
from 11 to 30 authorizations
$3.25/authorization
from 31 to 50 authorizations
$2.25/authorization
51 to 100 authorizations
$1.75/authorization
101 or more authorizations
$0.83/authorization
Calculation example: If you have a total of 35 authorizations, the charge calculation will be: 35 users x $2.25 totaling $82."

And where on earth is this price list for viewing? I just check public records by logging in with my username and password to find whatever I need... Good grief, they aren't actually going to send me a bill for that, are they? I mean, I've been looking at stuff for at least a year now and they've never once charged me anything.

Carol Ward3 said:So, were you scanning those notes and decisions to send them along with the rest of the paperwork, or did you handle it some other way?

Look, you can either scan them or just convert everything to PDF. The main thing is that it absolutely has to be in PDF format. A digital signature—the kind you use when submitting documentation—should be enough. As far as I know, they haven't required a physical stamp and handwritten signature until now.

Carol Ward3 said:Just to circle back to my previous point regarding the fees for extra authorizations on the FINA card: "... if you're using the same card for multiple companies (provided you have the power of attorney), there's an additional charge of roughly $2.50-$$4.00 per authorization—though I suppose that figure fluctuates depending on how many powers of attorney you're processing, as more volume usually means a bit of a discount. And keep in mind, these charges are strictly for FINA’s internal services (like registration, statistical reporting, or FINA payments); in a typical scenario, you might see one company $17 a month, maybe three firms $29, or even up to 101 firms $101. That invoice could potentially spike only if you happen to request a specific tax document, a statistical transcript, or something similar that FINA charges for—which, honestly, is still probably cheaper than dealing with someone at a bank teller window anyway."

It’s definitely more cost-effective. You just have to weigh the savings against how much time you actually save—not to mention the headache of having to drive back down there if you messed up a form. As for those Social Security and retirement filings? This card is a lifesaver in every sense. I've been using it for about four years now and haven't found a single flaw.

Kimberly Harris6 said:It’s definitely more cost-effective. You just have to weigh the savings against how much time you actually save—not to mention the headache of having to drive back down there if you messed up a form. As for those Social Security and retirement filings? This card is a lifesaver in every sense. I've been using it for about four years now and haven't found a single flaw.

Back to my ongoing battles with the IRS... The power of attorney for a client was submitted and processed at the local office, but I still can't access the PKK for their SSN... The agent at the office insists the authorization has been granted and it shouldn't be an issue, yet I'm still completely locked out of doing anything for that specific ID...

Do I need to file some additional request through the IRS portal??? Or is submitting the power of attorney enough?

Because the authorization went through two days ago, and I'm still getting nowhere...

If I recall correctly—back when I was heading out from the IRS office—the system was already up and running. Can't you just open one of the client accounts, or are you honestly telling me you haven't managed to get a single one open yet?

Raymond Martinez10 said:If I recall correctly—back when I was heading out from the IRS office—the system was already up and running. Can't you just open one of the client accounts, or are you honestly telling me you haven't managed to get a single one open yet?

I can manage my own stuff, sure, but for these two people I submitted power of attorney for, I can't even get in... honestly, I have no clue how this is supposed to work... should their Social Security numbers be listed somewhere—like in the authorization documents or something?

All I know is when I try to look up FARC, I get nothing... it tells me I don't have authorization

yet the guy at the IRS office insists that I definitely do...

On that screen labeled "Business Entity Authorizations," am I supposed to see a list of all my clients' SSNs for whom I hold power of attorney, or....???

I just punch in the client's Social Security number to look up the FARC info, sign the paperwork, and that's about it...
I can't really help you 🤷, sorry

Raymond Martinez10 said:I just punch in the client's Social Security number to look up the FARC info, sign the paperwork, and that's about it...
I can't really help you 🤷, sorry

Thanks, I tried entering it that way too and it still won't work... I'll try calling back tomorrow to figure out what the hell is going on...

Just hit those FARC links, plug in your SSN, sign it, and send—then the FARC info should pop up...
Works like that at least for me
Are you getting an error message or is it just doing nothing??

Timothy Morgan38 said:Back to my ongoing battles with the IRS... The power of attorney for a client was submitted and processed at the local office, but I still can't access the PKK for their SSN... The agent at the office insists the authorization has been granted and it shouldn't be an issue, yet I'm still completely locked out of doing anything for that specific ID...

Do I need to file some additional request through the IRS portal??? Or is submitting the power of attorney enough?

Because the authorization went through two days ago, and I'm still getting nowhere...

Well, a woman at my local branch told me a few months back that every time I bring in a power of attorney, I have to bring my ID card too; she swipes it through her reader, sets everything up, and within 24 hours, everything is working perfectly...
Look, I'm looking at your screen right now... you have the business entity authorizations listed below... try entering the SSN for those clients who are giving you trouble, hit send, and then you should get a list showing exactly what you're authorized to do with your card. For all my clients, I have full access... maybe you specified certain things on the paperwork and accidentally left something out on the POA? I always select "YES" under authorization management, which means you have unlimited access for an indefinite period, and you can cancel the service whenever you want.

Kimberly Harris6 said:Well, a woman at my local branch told me a few months back that every time I bring in a power of attorney, I have to bring my ID card too; she swipes it through her reader, sets everything up, and within 24 hours, everything is working perfectly...
Look, I'm looking at your screen right now... you have the business entity authorizations listed below... try entering the SSN for those clients who are giving you trouble, hit send, and then you should get a list showing exactly what you're authorized to do with your card. For all my clients, I have full access... maybe you specified certain things on the paperwork and accidentally left something out on the POA? I always select "YES" under authorization management, which means you have unlimited access for an indefinite period, and you can cancel the service whenever you want.

So far, I've submitted two powers of attorney, and both are marked for full management of all authorizations...

2 Patrick Peterson49

For my first client, it's telling me I'm not authorized to receive FARC info
For the second client, when I try to request FARC info after waiting a few minutes on the "sending message to the IRS" screen, it says ERROR 404

So, I just requested authorization for this second client (ERROR 404), and I got a list clearly stating I have unlimited authority for all the listed actions...

But for the first guy, the moment I try to send it, it tells me I'm not authorized to sign the request

I honestly have no clue what the issue is 😕—I filed ten different powers of attorney and they all cleared within two days at most...
maybe the guy over at the IRS just messed something up 🤷