IRS proposed reg. 1.430 (august 31, 2007) described the requirements for waiving, and documenting, a credit balance. I saw nothing in the recent legisation (Worker, Reitree, and Employer Recovery Act of 2008) that would impact the possible waiver and documentation. Anyone agree or disagree?
Full Version: Credit Balance Waiver
QUOTE (david rigby @ Dec 15 2008, 10:29 AM) 
IRS proposed reg. 1.430 (august 31, 2007) described the requirements for waiving, and documenting, a credit balance. I saw nothing in the recent legisation (Worker, Reitree, and Employer Recovery Act of 2008) that would impact the possible waiver and documentation. Anyone agree or disagree?
David, how can you tell -- Are there comprehensive summaries? The House Bill pdf does not apear to be searchable via acrobat. All I've been able to find is frustration!
QUOTE (david rigby @ Dec 15 2008, 11:10 AM)
Not sure if you would call this "comprehensive" but it is a summary:
http://www.jct.gov/x-85-08.pdf
http://www.jct.gov/x-85-08.pdf
Thank you. And, it's searchable.
QUOTE (david rigby @ Dec 15 2008, 08:29 AM)
IRS proposed reg. 1.430 (august 31, 2007) described the requirements for waiving, and documenting, a credit balance. I saw nothing in the recent legisation (Worker, Reitree, and Employer Recovery Act of 2008) that would impact the possible waiver and documentation. Anyone agree or disagree?
I agree.
Full text of the bill:
http://frwebgate.access.gpo.gov/cgi-bin/ge...7327enr.txt.pdf
(this should be "searchable" for you)
.... Jeff
QUOTE (Jeff Hartmann @ Dec 15 2008, 09:33 PM)
QUOTE (david rigby @ Dec 15 2008, 08:29 AM)
IRS proposed reg. 1.430 (august 31, 2007) described the requirements for waiving, and documenting, a credit balance. I saw nothing in the recent legisation (Worker, Reitree, and Employer Recovery Act of 2008) that would impact the possible waiver and documentation. Anyone agree or disagree?
I agree.
Full text of the bill:
http://frwebgate.access.gpo.gov/cgi-bin/ge...7327enr.txt.pdf
(this should be "searchable" for you)Jeff, thank you
.... Jeff
I think I've created a monster.
QUOTE (Mike Preston @ Dec 16 2008, 11:42 AM)
I think I've created a monster.
Have you been playing in the lab again, young Dr. Frankenstein?
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