Arthur Kamlet <-To[at]panix.com> wrote:

- quote -

Thanks.

That definitely is on my checklist should I ever be
shopping for tax software.

Steve

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In article <gk879i$bl4$1[at]blue.rahul.net> ,
Steve Pope <spope33[at]speedymail.org> wrote:
- quote -


If the software package you are using has this capability,
and it makes sense to attach a statement, then go ahead and
attach.

This is all part of your task to rpepare a complete and accurate
tax return.
--


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

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Arthur Kamlet <-To[at]panix.com> wrote:

- quote -

Thanks for this information.

Does the IRS allow such attachments only for commercial
tax preparers, or can an individual also do it?

Steve

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<< ------------------------------------------------------- > << 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 -




As others have mentioned, those most likely get e-filed to the IRS. I know
mine do.

Pages of overflow documents that don't go to the IRS say, at or near the
top, "Keep for your records" with my software.





- quote -





I don't prepare incomplete returns. So I would have entered each and every
sale in the Schedule D entry screen. That would generate the proper data
set that goes to the IRS, which you'll see on the Schedule D and/or the D-1.
Remember, the IRS doesn't get the forms as you and I might see them. The
get a data packet.

I suggest that you also enter each sale in the Schedule D part of your
software. Why you ask? Because someone at the IRS might make a data entry
error from your attachments, your attachments could get lost or separated
from your return, or I've heard of the IRS returning the broker statement
with a blank Schedule D and D-1 for the taxpayer to do. Either way, you
might have to deal with it later, so deal with it now.

If you prepare it, you know it's right before you send it in electronically.
There's no need to send anything else to the IRS unless they latter ask for
it.





--
Paul A. Thomas, CPA
Watkinsville, Georgia

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On Jan 8, 10:47*pm, "mort" <M...[at]lccn.com> wrote:
- quote -

A number of commercial tax packages for the professional tax preparers
automatically attach the statements as text files to the transmitted
tax return. Your accountant may or may not be aware of that fact. (A
good number of people are not.)

If not, the accountant is still responsible for the tax return
preparation. If there is an audit, there is an expectation that the
accountant is responsible to justify his/her work. There may be a
charge to deal with the IRS on your behalf though. The accountant has
furnished you sufficient information to justify his/her work anyway.

In general, I suspect that you have nothing to worry about.

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In article <gk65a7$3p5$1[at]news.motzarella.org> , mort <Mort[at]lccn.com> wrote:
- quote -

Possibly. Many commercial tax preparation software packages
have the ability to attach text messages, which become part of
the e-file sent to the IRS.

You would have to ask your tax preparer whether the attachments
were sent as part of the e-file.


- quote -


If this is for 2007, only those attachments listed on he front of
form 8453, and line 21 statements are not among those, are attached
to form 8453.

As said above, the text statements could be attached to the e-file.

- quote -

You, and also your tax preparer, are supposed to file (including e-file)
a complete and accurate tax return. In my view that includes
attaching the Schedule D-1 substitutes to form 8453 and sending all
that to the IRS.


- quote -


In my view, either include schedule D-1 in the e-file or attach to an
8453 and mail.

Waiting for the IRS to ask is not, in my opinion, filing a complete
and accurate return.

- quote -



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

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

It includes all the normal forms and a 8879 to file electronically, but
there are a couple things I don't understand.

1) In several places on the 1040 he refers to statements. For instance, on
line 21 'other income he entered "see statement 1".
With my copy of the return there are about 10 pages with 30 statements; #1
lists two miscellaneous incomes.
How did the IRS get those 10 pages? There was no 8453, so it couldn't have
been sent in with that; could it have been sent electronically with the
return somehow; or mailed in without a 8453? Or don't they need those pages?

2) There is a Schedule D and a D1, but they just contain summary entries,
reducing the entire brokerage statements (with maybe 50 transactions) to one
line each for long term and short term capital gains. (I have quite a few
accounts...)
In an earlier question I was told that the brokerage statements had to be
mailed in with a 8453, but he did not do a 8453 and when I asked, he told me
that the IRS didn't need any supporting documentation; the summary lines
were adequate unless I was audited.
So, is that an acceptable practice, or is sending in the supporting
documentation on a 8453 absolutely required?

(I have asked him similar questions, but he just blows me off. This year I
am doing my own returns, as 2008 will be much simpler.)

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >