shERPA Posted October 15, 2023 Posted October 15, 2023 Ok, so after 40+ years in the TPA world I retired at the end of 2021. In 2022 I terminated my small solo-k which I sponsored as a sole prop for some side income, plan was alway under $250k. I rolled it to an IRA and in January 2023 I filed a 2022 EZ marked as both the first, and the final return. Today I get a letter 1072C from the IRS telling me that my EIN is XX-XXXXXXX and that I should always use this number in filing the EZ. Well, duh! Yes, I know that’s my EIN, that’s why I put it on the EZ form in the first place. I checked my copy, the number on the EZ is correct and matches the number IRS states in the letter as well as on the original EIN assignment letter I received years ago. The letter doesn’t say I have to do anything, and it acknowledges receipt of the 2022 EZ filing. So Whiskey Tango Foxtrot? I don’t recall any of my clients over the years getting a letter from the Service like this. anyway, just thought I’d put this out there in case some of you start getting client calls about such a letter. I think IRS has a special department to create correspondence designed to waste TPAs’ time. Definitely helps remind me why I was ready to retire (and enjoying it immensely, especially most days where there’s no IRS envelope in my mailbox!) Madison71 and Bill Presson 2 I carry stuff uphill for others who get all the glory.
Bill Presson Posted October 16, 2023 Posted October 16, 2023 I miss you being around. Thanks for the chuckle! William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
david rigby Posted October 16, 2023 Posted October 16, 2023 There is no passion like that of a functionary for his function. BTW, no one really thinks the IRS should be called "the Service". Below Ground, Barbara and Bill Presson 3 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
shERPA Posted October 17, 2023 Author Posted October 17, 2023 21 hours ago, david rigby said: BTW, no one really thinks the IRS should be called "the Service". Right? That’s what I always said, why do we call it “the Service”? Didn’t even think about it when I typed the message, I guess it’s still resident in my mind from attending so (too?) many ASPPA conferences. I carry stuff uphill for others who get all the glory.
imchipbrown Posted October 17, 2023 Posted October 17, 2023 It's called THEIRS. Congrats on retiring. I went through the same process but never got the love note. shERPA and Bill Presson 2
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