I am amending NC 401S for a corp going back to 2005 which was its first year in existence. (I am reducing amount owed not trying for refund and besides the original return was not filed until 2009 because that's when the company owner came to me.) Now for my question.
On the 2005 original return I correctly checked the box that this was an initial return. When I tell the software that I am amending the relevant amend box gets checked but the initial return box does not clear automatically. Is the software right (I should leave the initial return box checked) or am I right in thinking I should clear the initial return box?
BTW the reason for the amends is that I thought he had not paid his Annual Report Fees to the NC Secretary of State but he told me he thought he had and he found the relevant statements from his bank so there's no question in my mind he did pay them. It's only $20 or 25 plus p and i per year but still I don't like leaving client money on the table.
On the 2005 original return I correctly checked the box that this was an initial return. When I tell the software that I am amending the relevant amend box gets checked but the initial return box does not clear automatically. Is the software right (I should leave the initial return box checked) or am I right in thinking I should clear the initial return box?
BTW the reason for the amends is that I thought he had not paid his Annual Report Fees to the NC Secretary of State but he told me he thought he had and he found the relevant statements from his bank so there's no question in my mind he did pay them. It's only $20 or 25 plus p and i per year but still I don't like leaving client money on the table.