BHoffman Posted April 13, 2017 Report Posted April 13, 2017 I've been suffering with dread over changing a client from cash to accrual. It's a commercial contractor SCorp. When the bleep is this client required to change accounting methods because his gross revenues are over $10m??? 2013 - $5,000,000 gross revenue 2014 - $10,000,000 gross revenue 2015 - $12,000,000 gross revenue 2016 - $14,000,000 gross revenue This client doesn't have to change accounting methods until they file 2017, and they will look back on 2016 , 2015, and 2014? Right? Quote
BHoffman Posted April 13, 2017 Author Report Posted April 13, 2017 Note to self- you need to step back and relax. It's all on extension. Breathe. Take a little break. Remember that candy ain't gonna crush itself. 6 Quote
BHoffman Posted April 14, 2017 Author Report Posted April 14, 2017 Oh, great. Now I have the heebie jeebies for no good reason. Several clients mailed in their extension requests with payments. One of them is my dad. Should I also efile the form, or just let it go. He'll have the cancelled check as proof. I've never worried about these things before. Sheesh. 2 Quote
WITAXLADY Posted April 14, 2017 Report Posted April 14, 2017 had to look it up earlier- do not need to efile - but guess what, we did! and how do you pay if not using the 4868? and the address to pay - which one to use - is nothing simple? needed a little vent Thx D 2 Quote
Lion EA Posted April 14, 2017 Report Posted April 14, 2017 Gave some clients forms to mail in with checks. Also gave some clients the link to Direct Pay; paying via direct pay IS the extension as well as the payment. But, I've e-filed extensions for those that should be mailing in the past; belt & suspenders. 2 Quote
Jack from Ohio Posted April 14, 2017 Report Posted April 14, 2017 E-file the extension as well. If you need proof of filing the extension, the only thing the IRS will accept is the electronic confirmation. 6 Quote
Catherine Posted April 14, 2017 Report Posted April 14, 2017 7 hours ago, Jack from Ohio said: E-file the extension as well. Belt, suspenders, duct tape, and staples. File it. If the agencies get extras/duplicates, I have NO sympathy. They get weekends off, and salaries, benefits, and pensions none of us can even dream of - that WE pay for - so they can bleeping well deal with extra paper forms. I am out of patience with the entire world right about now. 4 Quote
Catherine Posted April 14, 2017 Report Posted April 14, 2017 Just now, Catherine said: I am out of patience with the entire world right about now. Except for my wonderful fellow sufferers here!!!!! 4 Quote
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