Persons With Respect to Foreign Disregarded Entities, filed
with the Internal Revenue Service (3/2/04).
882-4(a)(2) in 1990, explicitly requiring a timely filed
return as a prerequisite for receiving the benefit of deductions.
The IRS has made great strides in removing barriers by expanding the number of forms and attachments that can be filed
Organizational ownership is what precludes storing company records in employees' garages or automobile trunks, and prohibits employees from assuming that the records they have created or filed
are their own personal property, to purge, save indefinitely, or take with them when they retire.
The software helps convert a manually calculated paper return into a format that can be filed
In general, an e-filed
return is deemed filed
on the date of the electronic postmark.
The form should be filed
sufficiently early so that the Service can respond before the regular or extended due date; this can prevent a late firing penalty should the IRS deny the request.
For further cautions about the risks of investing in Tumbleweed, we refer you to the documents Tumbleweed files from time to time with the Securities and Exchange Commission, particularly Tumbleweed's Form 10-K filed
March 15, 2004, Form 10-Q filed
May 10, 2004, and Form 10-Q filed
August 12, 2004.
Situation 1: X and Y timely filed
their 1994 joint income tax return on Wed.
The FTB strives to do these audits soon after the returns are filed
to correct taxpayers who have mistakenly used it before they are ready to file their 2004 returns in the spring.
2002), the Ninth Circuit ruled that a refund claim made within three years of a non-timely filed
return was valid.
Claim for credit or refund of an overpayment of any tax imposed by this title in respect of which tax the taxpayer is required to file a return shall be filed
by the taxpayer within 3 years from the time the return was filed
of 2 years from the time the tax was paid, whichever of such periods expires the later, or if no return was filed
by the taxpayer, within 2 years from the time the tax was paid.
The result was that more than 20% of the clients' 2001 returns were electronically filed
To the credit of the IRS National Office, the IRS is expected to publish a notice clarifying that a taxpayer that has a Form 3115, Application for Change in Accounting Method, for a favorable method change pending on March 14, 2002, which was filed
Generally, these rules pertain to foreign persons that have not filed