BREAKING NEWS

Just In: Employee Benefit Plan Update:
Changes in 403(b) Plan Regulations

FIN 48 Effective Date Deferred

Secure File Exchange is Now Available for Clients and Partners

BMF&C Opens New Corporate Finance and Restructuring Affiliate: BMF Advisors


Our New Office and Address

Now Hiring! Find out what our firm can do for you.

NEW ON THE SITE

Risk Assessment and Sarbanes-Oxley 404 Services

Employee Benefit Plan Audits service offering

Industries Served: Learn about what BMF&C can do for companies in your industry.

Record Retention Guidelines

TIPS & ADVICE

InfoLetter Spring 2008

Partner's Perspective:
Obey the Rules with Family Limited Partnerships

Managing Employees Across Generations

Can You Limit Rising Healthcare Costs?

Valuation Provisions Critical to Buy-Sell Agreements

TaxAdvisor Winter 2008

Economic Stimulus Act of 2008

Late 2007 Tax Acts

Niche Newsletters Winter 2008

Manufacturing & Distribution
Create and Protect an "Innovation Environment"

Nonprofit Advisor
The Importance of Proper Substantiation (And Why You Should Care)

Construction Advisor
In Construction Fraud, Greed Meets Creativity

Valuation Advisor
AICPA Issues New Valuation Standards

Client Advisor Winter 2008

SAS 70 - A Valuable Tool for Companies That Outsource

 

Bober, Markey, Fedorovich & Company

Client Advisories

October 2005

TaxAdvisor

Urgent Message Regarding Your Estimated Tax Payment

If you mailed a Federal estimated tax payment to the IRS San Francisco post office box between September 1 and September 11, your check may have been lost.   The IRS reports that about 30,000 checks, mostly Form 1040-ES quarterly payments, fell into the San Francisco Bay when their courier vehicle crashed on the San Mateo Bridge.

The IRS said it will to send a notice to potentially affected taxpayers who have previously mailed estimated tax payments to San Francisco.  Since this is the first time Ohioans have been required to send estimated payments to the San Francisco post office box, we suggest you confirm that your third quarter payment has cleared your bank.  Be sure to verify endorsement by the Internal Revenue Service.

If your check hasn’t cleared, you should call the IRS at 1-800-829-1040.  The agent will check for payments posted to your account.  If no September payment has been made, you will be asked to send a replacement check to:

Remittance Security Coordinator
Stop 313
PO Box 8337
Fresno, CA  93747-8337

You must put your social security number and indicate in the memo section "Form 1040ES-2005 Replacement Check." Penalties and interest related to this incident will be waived if they receive a replacement check.

The IRS will also take information about the original check and notify you if it is presented for payment.  If you decide to stop payment, you can apply for reimbursement of bank fees from the IRS by filing a claim on Form 8546.

Please note that Bober, Markey, Fedorovich & Company cannot make the call to the IRS on your behalf without a Power of Attorney.  If you wish us to assist you with this matter, please contact your engagement partner at 330-762-9785.

This Web Site is designed to present accurate and authoritative general information on a broad range of tax and accounting issues. For personalized advice on matters effecting your rights under the law and/or the drafting of legal documents, you should consult a licensed attorney.

IRS Circular 230 Disclosure: To ensure compliance with U.S. Treasury rules, unless expressly stated otherwise, any U.S. tax advice contained in this Web Site is not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.

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Bober, Markey, Fedorovich & Company
3421 Ridgewood Road
Akron, Ohio 44333-3119
Phone: 330-762-9785, Fax: 330-762-3108
E-Mail: Info@BoberMarkey.com
 

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