S Corp Requirements AlternativeChoose a day for the call.
Pick a time to read one requirement against the file you already have.
Name a timeWhat the video is for.
Click to see the video ›Tap to see the video ›
You are hoping the call will say the election is fine, and you are afraid it will not. The time you pick is a conversation about one requirement. Bring the paper that matches it, or say the paper is missing. The acceptance letter, the last payroll report, the owner list, or the last month that matches the bank are the four that change the conversation. A start with none of those is still a start, and we will name which paper to find first.
The video is not the month of work. It does not file the election. It does not set the wage. It does not close a month. It tells you whether the list on this site is the work you need, and whether this practice is the one to keep it.
What to have in the folder.
Click to see the folder ›Tap to see the folder ›
If the question is the election, the useful folder holds the signed form and the acceptance letter, or a clear statement that neither has been found. A recollection that a former preparer filed it is a lead. It is not the copy. We would rather spend the call on the search than on a date nobody can show.
If the question is the wage, bring the payroll report for the year you are in, or say there has not been one. If the question is March, name the last month that matches the bank. If the question is the owner list, name who holds shares today, including a trust or an estate. You do not need the legal name of every trust. You need the fact that one exists.
What the paid work is.
Click to see paid work ›Tap to see paid work ›
Money starts only after both sides sign a page that names the year, the requirements list, and the fee. Before that signed page, the conversation can end from either side with no further duty. The monthly habit is the owner list, the wage, the closed months, and the company return built from those months. A personal return for an owner is named separately if it is in the scope.
Open months stay open. They are named, and the return waits, or the work stops, before a number is placed on the company return. An extension moves the filing day. It does not close the months. We say that on the call if the folder shows a year that was never tied to the bank.
What the call will not do.
Click to see the call ›Tap to see the call ›
The call will not promise that a late election is saved, and it will not promise that a broken election can be repaired. Those answers depend on facts we read after the paper is in hand. The call will say whether the next step is a search, a wage, a close, or a stop.
The call is by video. The page names the practice and the phone, and it does not name a building. The same person who answers the footer phone is the person on the video. A note from the first page reaches that same person if you would rather write the requirement before you pick a time.
You open the calendar.
A note on the first page reaches the same readers who take the video. The video that looks at one requirement is not the paid job. The paid job starts later, when a signed page names the work and the price of that work.
The frame waits for a tap. If it never draws, phone the footer and name the requirement you want read.