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Old 02-02-2007, 05:51 AM
Mark X. Rigotti, CPA
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Default Re: Inexpensive E-filing for our Corporate Return?

"Jeff Wisnia" <jwisnia[at]conversent.net> wrote:

- quote -

> The Commonwealth of Taxachusetts requires our little "S
> corp" to file it's annual corporate exise tax return (Form
> 355S) as an e-filing, or suffer a $100 penalty if we mail in
> a paper return. (That's in addition to the $455 "minimum
> excise tax" we have to pay the Commonwealth every year.)
> The paper form has only about 20 places where I need to
> enter numbers, but the Commonwealth doesn't provide an
> online form to enter that data as they do with the payroll
> witholding and sales taxes forms we do as e-filings.
> Per the Commonwealth's Department of Revenue we and the
> thousands of other S corporations here have to use software
> from an "approved vendor" to make our filings with.
> I called several of the vendors on the "approved list" and
> got prices from $275 and up for software to file that
> return, good for this year only.
> Obviously, the cheapest route is to just pay the $100
> penalty for submitting a paper filing, since I doubt that
> any CPA owning the right software could be expected to do an
> e-file for us for less than that.
> Have I overlooked a way that would cost us less less than a
> hundred bucks to file that simple return?


MI basically has had the same requirement for several years.
Since you allude to using a CPA let them do it. My vendor
charges me $3 per return (fed and state) for businesses. I
bill my clients $10 for this so I make a wopping $4. Let
them do it.

Regards,

Mark Rigotti

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 02-01-2007, 12:20 AM
Jeff Wisnia
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Posts: n/a
Default Inexpensive E-filing for our Corporate Return?

The Commonwealth of Taxachusetts requires our little "S
corp" to file it's annual corporate exise tax return (Form
355S) as an e-filing, or suffer a $100 penalty if we mail in
a paper return. (That's in addition to the $455 "minimum
excise tax" we have to pay the Commonwealth every year.)

The paper form has only about 20 places where I need to
enter numbers, but the Commonwealth doesn't provide an
online form to enter that data as they do with the payroll
witholding and sales taxes forms we do as e-filings.

Per the Commonwealth's Department of Revenue we and the
thousands of other S corporations here have to use software
from an "approved vendor" to make our filings with.

I called several of the vendors on the "approved list" and
got prices from $275 and up for software to file that
return, good for this year only.

Obviously, the cheapest route is to just pay the $100
penalty for submitting a paper filing, since I doubt that
any CPA owning the right software could be expected to do an
e-file for us for less than that.

Have I overlooked a way that would cost us less less than a
hundred bucks to file that simple return?

Thanks guys,

Jeff

--
Jeffry Wisnia
(W1BSV + Brass Rat '57 EE)
The speed of light is 1.8*10^12 furlongs per fortnight.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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corporate, efiling, inexpensive, return
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