In article <gk1dij$ar0$1[at]news.motzarella.org> , mort <Mort[at]lccn.com> wrote:
- quote -

The 2006 8453 is in lieu of the 8879. In 2006, you did not have both
the 8453 and 8879 for the same tax return.


If you had attachments then in 2006 you attached them to the
8453 and sent it in. And did not have any 8879 for that return.


In 2007 if you had attachments, the 8453 was sent to the IRS with
attachment and the 8879 stayed home.
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
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"mort" <Mort[at]lccn.com> wrote
- quote -




If you, or your accountant, used software to generate the D-1 forms, those
were e-filed to the IRS with the return.

Sending in copies of your brokerage statements isn't necessary. They have
all the data necessary on the D and D-1's.







--
Paul A. Thomas, CPA
Watkinsville, Georgia

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

- quote -


I understand the 2007. 8879 is an authorization to efile, and 8453 is used
to send in supporting documentation when efiling.

The 2006 8879 is the same as the 2007; but the 2006 8453 is a little
confusing.

1) I don't see anything on it about D-1s like on the 2007. Was it used to
send in D-1s? If not, how were D-1s sent in?
2) My accountant did not prepare a 2006 8543, but only a 8879. The 8543
instructions say it is not necessary if the return was signed electronically
using a PIN. So if I signed a 8879 with a PIN, then the 8543 was not
necessary?

I do appreciate your patience on all this.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

In article <gk1316$baq$1[at]news.motzarella.org> , mort <Mort[at]lccn.com> wrote:
- quote -

Form 8453 for tax year 2006 was a form with a signature and
was changed drastically into a no signature, transmital only form
for tax year 2007.
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

"Arthur Kamlet" <kamlet[at]panix.com> wrote in message
news:gjulf3$k2k$1[at]reader1.panix.com...
- quote -

Was it the same in 2006 and 2007?
Thanks

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

"mort" <Mort[at]lccn.com> wrote
- quote -


If your previous tax preparer entered each transaction on the Schedule D and
it's overflow statements, then there is absolutely no reason to send in any
supporting documents such as the broker statements. That the IRS never
contacted you about your returns means that the gross sales totals on
Schedule D matched the amounts from the brokers statement(s).

If you enter each and every transaction on Schedule D and it's overflow
statements - then there is absolutely no reason to send in any supporting
documents. Your software has some entry screen(s) for Schedule D, fill it
out with every single sale transaction and it'll place it where it needs to
be.

Chances are that no one at the IRS will even look at your brokerage account
if you did mail it in.






--
Paul A. Thomas, CPA
Watkinsville, Georgia

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

- quote -

Yes, the accountant did it wrong. If you put only summary
entries on Schedule D, you are supposed to mail in the
statements showing the details.

Bob Sandler

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

"Brew1" <brew.one[at]gmail.com> wrote in message
news:edb04d9b-2e5c-4720-994c-6051e9acc0d0[at]t39g2000prh.googlegroups.com...
- quote -

I thought the IRS would need the statement, but he said no.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

In article <c54acf3a-e2fc-4486-a5d1-ccbc1543a8b5[at]w1g2000prm.googlegroups.com> ,
Brew1 <brew.one[at]gmail.com> wrote:
- quote -


If you efiled you will have generated an 8879 and also an 8453.
That's where the efin and DCN and PINs are recorded.

Only the 8453 and its attachment(s) get mailed to the iRS.
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

On Jan 5, 7:49*pm, Brew1 <brew....[at]gmail.com> wrote:
- quote -

I think some of my information is out-dated, as the 8453 is no longer
a signature document.
At any rate, if you generate an 8453, you filed correctly and only
need to mail in the 8453
with your substitute Schedule D-1 (your brokerage statement).

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

mort wrote:
- quote -

with your Schedule
D-1 attachment. If you generate an 8879, you didn't do it properly.

See: http://www.irs.gov/efile/article/0,,id=98294,00.html

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

I used an accountant to do my taxes the last two years. Prior to that I
used TaxCut and mailed my returns in. This year I am going back to TaxCut,
but may efile.

I have 6 investment accounts, each of which has dozens of transactions. On
schedule D I listed each account twice; once for long term and once for
short term gains, and then attached copied of my account statements to
support the schedule D entries.

The accountant filled out the schedule D the same as I did, but didn't send
any supporting documents in with the efiled return. He said that it was
adequate to have them available if the IRS did and audit. The IRS hasn't
complained yet, so I guess that is acceptable, but want to make sure. It is
one thing to have my accountant do it wrong, but quite another to do it
wrong myself.

Hopefully I have explained the process adequately; is it the right way to do
it?

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >