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Remove Electronic Signature to the 12 Month Income Statement

Remove Electronic Signature to the 12 Month Income Statement

Aug 6th, 2022

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How to Remove Electronic Signature to the 12 Month Income Statement

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The standard financial statements in Sage 50 include the "Standard Income 12 Period" report, which provides a monthly breakdown of the current fiscal year. While the report only allows running for the current period, users can create a custom financial statement by saving the report under a new name. This enables the report to reflect previously closed years, even though initially only the current period is selectable. After saving, the custom report will be accessible in the report list, allowing for better financial analysis across different periods.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Does signature on tax return have to be original?

For paper returns and other documents that must be signed with an original signature by a taxpayer and/or tax representative, Franchise Tax Board (FTB) will not require an original signature through June 30, 2022, except for Power of Attorney (POA) forms. POA forms will still require an original signature.

Can audited financial statements be signed electronically?

If the entitys constitutional documents do not specify how the financial statements must be signed, electronic signatures are presumed to be valid, unless the contrary can be proven.

Are electronic signatures acceptable for tax returns?

Most forms, including income tax returns, can be filed electronically. In some cases, there are forms that can be signed electronically, but they require IRS e-file Signature Authorization Forms (Form 8879) to be submitted alongside them. However, the IRS does still require some forms in hard copy.

Will the IRS accept scanned faxed or copied signatures?

While the Service permits facsimile signatures in these cases, it requires that the facsimile signature be affixed to the return after any photocopies of the return are made. In certain circumstances, the Service will also accept a FAX copy of a taxpayers signature.

How do I remove a digitally signed signature?

Remove digital signatures from Word or Excel Open the document or worksheet that contains the visible signature you want to remove. Right-click the signature line. Click Remove Signature. Click Yes.

Do tax returns need to be wet signed?

The IRS has implied that Section 6061 and Section 6065 require wet signatures on all documents unless otherwise indicated, pursuant to Rev. Proc.

Can a digital signature be an original?

Yes, electronic signatures are valid in all U.S. states and are granted the same legal status as handwritten signatures under state laws.

Can I use electronic signature on tax return?

How does the e-signature option work? Taxpayers, who currently use Forms 8878 or 8879 to sign electronic Forms 1040 federal tax returns or filing extensions, can use an e-signature to sign and electronically submit these forms to their Electronic Return Originator (ERO).

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