|
Sorry.. here it is - Helen HaeEun
(Helen) Lee, CPA __________________________________________________________________________________________________________________________________________________________________________________________ The
information contained in this electronic message is confidential, and is
intended only for the use of the individual or entity named above. If you are
not the intended recipient of this message, you are hereby notified that any
use, distribution, copying or disclosure of this communication is strictly
prohibited. If you received this communication in error, please notify Renner
and Company CPA, PC at 703-535-1200 or return e-mail to sender, and purge the
communication (e-mail) immediately without reading or making any copy or
distribution. Disclosure
required by Internal Revenue Service Circular 230: From: Marcelyn Atwood
[mailto:marcy@puckettfaraj.com] Thanks Helen, we'll pick up when the office manager calls.
There was no file attached. Can you resend? Thank You! Marcy On Mar 8, 2010, at 3:00 PM, Lee, Hae Eun (Helen) wrote:
Hi Marcy, There’s nothing you will need to do for 2009 to your QB.
You just have to remember for 2010 and report the amount to
the Payroll Serv at year end. I have other adjustments made
for this year’s tax return. You will find the list of
adjustments when you pick up your stuff. Unfortunately, we can’t not e-file business return, so you will
have to do a paper filing for S-Corp. Your personal return will be
efiled (except for IN). You will get a call from our office manager soon and you can
pick up the returns. I attached Mr. Haytham’s K-1. It is password
protected and I will send it to you in a separate email. Let me know if you have any questions. Helen HaeEun (Helen) Lee, CPA __________________________________________________________________________________________________________________________________________________________________________________________ The information contained in this electronic message is confidential,
and is intended only for the use of the individual or entity named above. If
you are not the intended recipient of this message, you are hereby notified
that any use, distribution, copying or disclosure of this communication is
strictly prohibited. If you received this communication in error, please notify
Renner and Company CPA, PC at 703-535-1200 or return e-mail to sender, and
purge the communication (e-mail) immediately without reading or making any copy
or distribution. Disclosure required by Internal Revenue Service Circular 230: From: Marcelyn Atwood
[mailto:marcy@puckettfaraj.com] Thanks Helen! I think I understand that you fixed the
entry for the health care for 2009. What do I have to do to my Quickbooks
to fix that? Also, I assume you are filing the Bus tax return
electronically? Since Haytham is in town this weekend, can we pick up the K-1's
this weekend so he can do his taxes? Thanks! Marcy On Mar 5, 2010, at 7:30 PM, Lee, Hae Eun (Helen) wrote:
Marcy, I’m
completing the Law firm’s return and have one comment. Health
Insuarnce Premium paid for more than 2% shareholders. - the health insurance premium paid for more than 2%
shareholders are not deductible on S-corp return. To be deductible, the
amount has to be reported on the Sharehoder’s W-2 and then, the shareholder can
take the health insurance deduction on their personal return.
It’s income as well as deduction on shareholder’s personal return,
so it’s zero out but it just has be to included in W-2. - There was about $1700 for shareholders’ health
insurance in 2009. Since it is too late to include in 2009 W-2, I
made some journal entries for the tax return so that it is reported accordingly
for S-Corp return as well as for K-1 for personal return. So,
you’re okay for 2009. - For 2010 – if you make any payments for health
insurance, just to remember to call in ADP at year end for this amount.
No actual paycheck will be issued but the amount will be reported on each
shareholder’s W-2. ADP should know what they need to do. I’m
moving on to your personal return and may have some questions. Helen HaeEun (Helen) Lee, CPA __________________________________________________________________________________________________________________________________________________________________________________________ The information contained in this electronic message is
confidential, and is intended only for the use of the individual or entity
named above. If you are not the intended recipient of this message, you are
hereby notified that any use, distribution, copying or disclosure of this
communication is strictly prohibited. If you received this communication in
error, please notify Renner and Company CPA, PC at 703-535-1200 or return
e-mail to sender, and purge the communication (e-mail) immediately without
reading or making any copy or distribution. Disclosure required by Internal Revenue Service Circular 230: Marcelyn Atwood Business Manager The Law Firm of Puckett & Faraj, PC 2181 Jamieson Ave, Suite 1505 Alexandria, VA 22314 888-970-0005 ; FAX 202-318-7652 ; marcy@puckettfaraj.com Please View our Website: www.puckettfaraj.com The information contained in
this electronic message is confidential, and is intended for the use of the
individual or entity named above. If you are not the intended recipient of this
message, you are hereby notified that any use, distribution, copying of
disclosure of this communication is strictly prohibited. If you received this
communication in error, please notify Puckett & Faraj, P.C. at 888-970-0005
or via a return the e-mail to sender. You are required to purge this
E-mail immediately without reading or making any copy or distribution. |
Attachment:
09S_0813-001K1_V1 2 FARAJ, HAYTHAM.PDF
Description: 09S_0813-001K1_V1 2 FARAJ, HAYTHAM.PDF