Earl

I tell clients, "There are no specific definitive rules. Here is the risk (too low, too high). We recommend prime +1 or +2 and under audit have never had a problem. What do you want to do?" I have asked the first line audit guys, "come on, tell me. What do they tell you is reasonable?" They say, we look at a chart and let our supervisor decide.

I have a client, group of 3 doctors w/ no employees. They want flexibility to contribute different levels year to year to each of themselves. Cross testing does this in a breeze, but how to designate? All equal prts., all hired same day. Another topic on the board discussing ownership attribution mentioned "naming" the doctors as group members. (A=smith, B=jones) I always thought naming was not allowed. Comments? [This message has been edited by Earl (edited 11-24-1999).]

Banks frequently will not accept tax deposits if the check is drawn on an account not maintained at that bank. I have been having clients mail tax deposits to the Federal Reserve, with details letter and 8109 coupon. Lately, a couple of checks have come back saying "Submit to IRS." What are others having clients do?

I definitely think no service = no participation. The employer/employee relationship has been severed. Like a doctor receiving account recvble after leaving a group.