Brian Pontarelli

Aug 252018
 

At Inversoft, I’ve been working on getting our tax exemption for various European countries. This process requires a valid 8802 be submitted to the IRS. In return, the IRS will ship you out a shiny new form 6616 that you can snail mail across the Atlantic to the country of your choice. Yes, feel the sarcasm. This process is unbelievably dated, horrific, slow, lame, tree-killing, etc.

After talking to a number of accountants, some knowledgable and many not, I finally have the form filled out correctly and I’m about to drop it in the mail. Since this process is SOOOO painful, I figured I would give other S-Corp owners a heads up to hopefully save their sanity and a bunch of time.

Here’s exactly how to fill out form 8802:

  1. Put your full legal company name at the top under Applicant Name
  2. Put your S-Corp’s FEIN under Applicant’s U.S. taxpayer identification number
  3. Leave Line 1 blank
  4. Put in your company address on Line 2. I put in the exact same address on my S-Corp’s tax return since we haven’t moved this year. I don’t know if this is required, but might as well error on the safe side.
  5. Put in your company address on Line 3a
  6. Put in your name (that is you the shareholder/CEO) in Line 3b
  7. Checkmark Line 4f since you are an S-Corp
  8. Checkmark 1120s under the Yes. heading of Line 5
  9. Leave Line 6 blank
  10. Write this exact text in two (2) separate lines on Line 7
    <Shareholder name> <Shareholder SSN> is a U.S. resident and will continue to be throughout the current tax year.
    <S-Corp name> <S-Corp FEIN> has filed its required return and the entity classification has not changed since the return was filed.
  11. Put the last year and month you filed a tax return for. This is the fiscal year end. So, in my case, the last year and month (fiscal year end) I filed was December 2017, so I put in 201712 and it MUST be in this format.
  12. Checkmark Income Tax on Line 9
  13. Sign, date, add your phone number, name and title to the bottom
  14. Put your S-Corp name at to the top of the worksheet with your FEIN
  15. Put the current calendar year on the worksheet (still at the top section)
  16. Line 11 (on the worksheet) pick the country (or countries) you need and ask for 5 forms each
  17. Make sure you put in the correct total on Line 12

That’s all you need for form 8802. However, since you are filling this out for an S-Corp and according to tax law and treaties, S-Corp’s can’t claim exemptions or be identified as a corporation, you need to fill out a form 8821 also. The 8821 form is an authorization made by the shareholder in an S-Corp that is certifying that the form 8802 is correct. This is part of the perjury statement.

Filling out the form 8821 is also a nightmare and the instructions suck, so here are the steps for that form as well:

  1. Put your personal information (since you are the shareholder) on Line 1 (i.e. I put Brian Pontarelli here with my home address) including your SSN and phone number
  2. Leave Line 2 blank
  3. Don’t checkmark the checkbox on Line 3
  4. Write Income on Line 3a
  5. Write 1040 on Line 3b
  6. Write 2016, 2017, 2018, 2019, 2020 on Line 3c (or whatever years you need)
  7. Write Form 8802 on Line 3d
  8. Leave Line 4 blank
  9. Checkmark Line 5a
  10. Leave Line 6 blank
  11. Sign, date, print your name and put your title as CEO (or whatever it is)

That should be it. I’m sending mine off next week, so if they aren’t accepted, I’ll update this post with any fixes I made.

Dec 082015
 

Passport-Launch-1

Today is a huge day for Inversoft. We have successfully launched our second product, Passport. Passport is a revolutionary way to add login, registration and single sign-on to your applications. Rather than go into all the details here, check out the Inversoft blog post about the launch:

https://www.inversoft.com/blog/2015/12/08/passport-user-management-platform/

We also got some great press at eWeek and BetaNews. Check those articles out here:

http://www.eweek.com/small-business/inversoft-passport-aims-to-simplify-secure-log-ins.html

http://betanews.com/2015/12/08/new-solution-helps-businesses-offer-single-sign-ons/

Jun 272015
 

Something is very wrong with Newegg. They used to be one of the best places to buy computers and electronics online. Now they are horrible.

Here’s my list of issues with them:

  • Lots of misleading product information.
    • We recently bought a monitor that claimed it supported 2560×1440 resolution when in fact it didn’t. The DisplayPort upscaled a 1080p signal to 1440 and it looked horrible. I had to read through a ton of the reviews to figured out that someone else had the same issue and they had done a bunch of research to find out the monitor didn’t truly support 1440.
  • They now charge large return shipping fees
  • They are also charge restocking fees on everything
  • Their support system is essentially worthless.
    • While you can contact support via a web form, it only allows 300 characters in the message. How can you possibly describe an issue clearly in 300 characters? That’s like 2 tweets.
What we were hoping would be a great price on an awesome monitor turned out to cost us nearly $80 for nothing. That’s the same as if I went to an ATM, pulled out four $20s and burned them.
Thanks Newegg for sucking. I’ll be buying everything on Amazon from now on.
Jan 072015
 

After updating to Yosemite, which updated Safari to version 8, autofill stopped working for localhost. After some searching, it appears that this is due new security rules for Safari and OS X. Of course, that didn’t stop me from trying to get this working again as it made developing on localhost very cumbersome. The fix is pretty simple.

All you need to do is edit your /etc/hosts file and add a fully-qualified domain name alias for 127.0.0.1. Here’s how mine looks:

I added the cleanspeak.inversoft.com entry. Now I can access localhost using this alias and Safari nicely does autofill on form fields.

Jan 132014
 

Mac command line gold!

Copy a file to the clipboard:

The contents of my .zshrc are now on the clipboard and I can paste them into any other application (Mail.app, Word, whatever).

Paste the clipboard contents to the shell:

Anything that was on the clipboard is now in the file foo.txt.