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| "Jeff Wisnia" <jwisnia[at]conversent.net> wrote: - quote - > The Commonwealth of Taxachusetts requires our little "S
MI basically has had the same requirement for several years.> 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? 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. > << ================================================== ===== > |
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| 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. > << ================================================== ===== > |
| Tags |
| corporate, efiling, inexpensive, return |
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