The following link is our coverage of the new law:
Worker, Homeownership, and Business Assistance Act of 2009
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Worker, Homeownership, and Business Assistance Act of 2009
Last edited by Brad Imsdahl; 11-11-2009, 07:42 AM.Tags: None -
E filing
Anyone notice the new law now mandates e-filing for everyone who does 10 or more returns?
Begins in 2011.Comment
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Last edited by JohnH; 11-10-2009, 08:57 AM."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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Yes, but
Difficult to understand the requirements if a preparer prepares less than 250 returns. Also 250 returns may be ALL returns, not just 1040s.
I have some clients who have steadfastly refused electronic filing from the start.Comment
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Noticed that. Obviously the tax software developers and providers have a strong lobby group. If that comes to past, and I am not sure it will remain at ten after the dust settles, I personally will consider more retirement time and just stick to the tax representation work on a limited basis.Comment
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Noticed that. Obviously the tax software developers and providers have a strong lobby group. If that comes to past, and I am not sure it will remain at ten after the dust settles, I personally will consider more retirement time and just stick to the tax representation work on a limited basis.
Try it, you will like it.Comment
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Good advice Bees however sunshine and warmer temps in January and February are beginning to sound more inviting each year.Comment
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Protocol
As long as e-file is not required, IRS is willing to remove as many barriers as it can. When e-file becomes mandatory, they will be throwing up barriers to enforce their agenda. Don't think for a minute that IRS is our friend and won't do this.Comment
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It also saves a ton of paper.Comment
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Hidden Agenda
No hidden agenda as we speak, Bees. But after e-filing becomes mandatory, there will be all manner of hoops to jump through or the return will be electronically rejected. If they tried this at present, client simply files a paper return.
Being able to allow or reject will create a new hierarchy of control that does not currently exist. And, in time, they will use it.
I hope I'm wrong. Time will tell.Comment
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No hidden agenda as we speak, Bees. But after e-filing becomes mandatory, there will be all manner of hoops to jump through or the return will be electronically rejected. If they tried this at present, client simply files a paper return.
Being able to allow or reject will create a new hierarchy of control that does not currently exist. And, in time, they will use it.
I hope I'm wrong. Time will tell.Comment
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I think it is more about saving money than control.
Wisconsin has mandated E-filing for several years also. I think it was for paid preparers of >100 returns, I'm not positive. Sales and Use tax reports are E-file mandated for 2010 also, unless you request a waiver for undue hardship. Again, it is a money saver for the Departments.Comment
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