kendallfinancial
Level 3
‎12-07-2019 11:21 AM
 
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itonewbie
Level 15
‎12-07-2019 11:21 AM

Screens 38.2 and 38.3 are where you'd make your input.  Individuals reported on these screens will flow through to Part VII and not counted as voting members.

Individuals you enter on Screen 2 whose income should be input on Screen 38.1, on the other hand, will be counted as voting members.  If you need to override the count, you will need to enter your own number on Screen 6 on the line for "Number of voting members of governing body (1a) [O]".

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kendallfinancial
Level 3
‎12-07-2019 11:21 AM
Thank you.  Do you agree that on Part VII, a Highly Compensated Employee (I entered exactly as you described) should also not be having the OFFICER box checked, because they are not an Individual Trustee?  I see the Column C says you can not mark more than one BOX unless they are an OFFICER AND and INDIVIDUAL TRUSTEE.   
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abctax55
Level 15
‎12-07-2019 11:21 AM

Huh?

Make me an offer :smile:

HumanKind... Be Both
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kendallfinancial
Level 3
‎12-07-2019 11:21 AM
Me again. So frustrated!  I have a Employee paid over $100K so must be listed on Section VII of 990. However IRS says 'treat as Officer the following persons, regardless of their titles".  "Top financial officer".  This Employee is not a voting Officer.  How do I show a Highest Paid Employee an Officer, without it counting her as a Voting Member of the board?
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itonewbie
Level 15
‎12-07-2019 11:21 AM

Ah, Jeopardy again... Let me try:

What is a F.1125-E for?

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IRonMaN
Level 15
‎12-07-2019 11:21 AM

$1,222,693.22


Slava Ukraini!
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itonewbie
Level 15
‎12-07-2019 11:21 AM
I could have given you a no vote.  The $0.22 won't get entered.  We like round clean numbers. :joy::joy:
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itonewbie
Level 15
‎12-07-2019 11:21 AM

OK, another one...

How to make an input for and generate F.1125-E: https://accountants-community.intuit.com/articles/1857558-entering-corporate-officers-compensation

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kendallfinancial
Level 3
‎12-07-2019 11:21 AM
No, I'm looking at how to make one of the "Compensation of Five Highest Paid Employees" on Form 990, Part VII show as an Officer, without Lacerte making them a Voting Member of the board (Part I, Line 3)
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abctax55
Level 15
‎12-07-2019 11:21 AM
Try Screen 38
HumanKind... Be Both
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kendallfinancial
Level 3
‎12-07-2019 11:21 AM
I have entered her as Highest paid employee on Screen 38, but that doesn't add her as an Officer.  She is a non-voting Officer and by adding to Officers in Screen 2 it's forcing her as a Voting Officer.
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George4Tacks
Level 15
‎12-07-2019 11:21 AM
@abctax55 maybe able to help.

Answers are easy. Questions are hard!
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abctax55
Level 15
‎12-07-2019 11:21 AM
I already tried ...  by suggesting Screen 38.
I don't have time to play with to see if I could get it to work.
HumanKind... Be Both
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itonewbie
Level 15
‎12-07-2019 11:21 AM
@abctax55 :+1:
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abctax55
Level 15
‎12-07-2019 11:21 AM

I love Jeopardy - I even get some of the answers right, occasionally

What is F 990-EZ, Part IV ?

HumanKind... Be Both
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itonewbie
Level 15
‎12-07-2019 11:21 AM
Talking about Jeopardy, it's sad to hear that Alex Trebek had a relapse and has decided to stop his chemo.  The show won't be the same without him...
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abctax55
Level 15
‎12-07-2019 11:21 AM
Yes..sad.  And it hits close to home for me as I lost a dear friend just shy of three years ago to pancreatic cancer.  She lasted less than five months from initial symptoms to her death.  Surgery wasn't an option; she chose not to do chemo as it wouldn't have extended her life for any substantial time.
HumanKind... Be Both
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itonewbie
Level 15
‎12-07-2019 11:21 AM
Sorry to hear that, Anna.  Yeah, pancreas is difficult to get to and the cancer is hard to spot/treat.  There are recently some good advances in virus therapy that could more effectively kill the cancer cells and is much milder on the body than chemo.  Hopefully, medicine will make more headway soon to help those who need it.
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kendallfinancial
Level 3
‎12-07-2019 11:21 AM
I'm sorry to hear of the news, and am sure Im sounding callous, however am waiting for someone to respond to my question for the 990, please stop this thread regarding Alex Trebec, I'm in serious need of help with this return due today!
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abctax55
Level 15
‎12-07-2019 11:21 AM
As you have JUST now confirmed it's the F 990 you are concerned about....
Someone will wander by with the answer.
Sorry for the hijacking, but our mind reading skills are not at their best this time of year.
HumanKind... Be Both
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