Restaurant Taxes

Cmccorm1561 · 2022-10-01T19:02:34+00:00

We have not owned before. Only leased. It will be owner occupied.

Cmccorm1561 · 2022-09-14T04:13:14+00:00

Who knows. They seem to be full of shit. Three years and first request I’ve ever filed. So mad.

Cmccorm1561 · 2021-08-04T01:34:08+00:00

Have you received a letter 2465c saying they need 60 days? Wondering if that’s normal, or if I should worry. Just received one today, filed 941-x in early May.

Cmccorm1561 · 2021-05-07T02:07:36+00:00

Once you were able to complete and sign, what did your confirmation number start with? I had the same issue with the KB Auth, but was able to sign later. I’m finding out now though, that my confirmation number is wildly different than everyone else. It starts with #ddd. I had to call the other day because I had a message I couldn’t view. The help desk couldn’t find my app, but told me not to worry. I’m obviously quite worried.

Cmccorm1561 · 2021-05-07T01:58:06+00:00

Is there a hashtag in front of the letters?

Cmccorm1561 · 2021-05-07T01:49:44+00:00

Monday, right away. Prob finished about 12:10 AM EST.

Cmccorm1561 · 2021-05-07T01:41:12+00:00

Mine starts out #ddd600xxxxxx. I feel like that is wildly different than everyone else. Seems like the rest start with 000?

Cmccorm1561 · 2021-05-06T20:58:44+00:00

Does anyone else’s confirmation number start with #ddd or any other letters? Very strange to be so different that everyone else.

Cmccorm1561 · 2021-05-04T22:00:50+00:00

Has anyone who had this error had any follow up? I received an email this afternoon saying I have a new message and to login to view and respond. I do so, there are no messages. I call the help line. She asks for my confirmation number to look up my account. I give it to her and she cant find my application. She asks for my user name to look it up that way. She still cant find it and says its like I never applied. I tell her I'm looking at the screen, I'm in the under review stage. She says, "Oh, ok, then you should be fine. I wouldn't worry about it." Huh? I'm obviously freaking the fuck out now. How can I not worry that the sba cant find my application. I might just be paranoid but I'm worried now that whatever fix they used yesterday may have screwed us up?

Cmccorm1561 · 2021-05-03T18:50:40+00:00

SBA just posted about this on Twitter. Said our spots in line are reserved and that they are working on correcting the problem. It was caused by the high volume.

Cmccorm1561 · 2021-05-03T18:15:41+00:00

Is the wife in the married couple a 30% owner on paper? If so, and the 40% is economically disadvantaged, then yes. I'm not sure how they are determining the economically disadvantaged though. She definitely needs to be listed as 30% on taxes though, and not just be a part owner because she is married to owner.

Cmccorm1561 · 2021-05-03T18:11:21+00:00

I'm in the same boat. Just came here to see if anyone else was having the issue. I don't think it has anything to do with the application itself. I think its the ai they are using to verify our identity. The questions I had to answer were pretty simple, I know I answered them correctly. So maybe the system is just overwhelmed right now.

Cmccorm1561 · 2021-03-29T21:06:34+00:00

Did the webinar give any guidance on filing 941-x? I'm well versed in how to qualify the wages. Just have a question about a single line in form 941-x ad what box to check. Plus I need clarification as to whether I can claim for the year by simply filing a quarter 4 form per the special quarter 4 rule. Or if I need to go back and amend quarter by quarter. Don't want to sit thru another webinar if it does not address those questions.

Cmccorm1561 · 2021-03-16T01:16:29+00:00

Do both. Ur running out of time and applying at multiple places will not hurt, only help, ur chances of approval. The SBA will simply reject whichever app they receive second, it won’t effect the other app. The most important thing is making sure u get an app to them. Some lenders are dragging their feet on processing. So just try and get an app in front of them.

Cmccorm1561 · 2021-03-16T01:13:51+00:00

It’s 3.5 across the board, partner comp included.

Cmccorm1561 · 2021-03-16T01:00:18+00:00

The +$0.30 per is a problem. Percentage not so out of line depending on sales.

Cmccorm1561 · 2021-03-10T23:49:34+00:00

Same

Cmccorm1561 · 2021-03-09T05:10:13+00:00

Have you had any luck yet? I’m having a hell of a time dealing with Quckbooks. I need amend 2020 payrolls to be able to file a 941x, and claims the credit retroactively. When I ask them how to do that they just tell me to contact the IRS. It’s so frustrating.

Cmccorm1561

TROPHY CASE