NPO-Accounting/npo-ledger-cli Changeset - 41574bb563f1

Changeset - 41574bb563f1

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Bradley Kuhn (bkuhn) - 7 years ago 2017-08-21 03:13:20
bkuhn@ebb.org

TaxImplication: add the Retirement-Pretax value.

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npo-ledger-cli-tutorial.md

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npo-ledger-cli-tutorial.md

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 own `IncomeType`.  It's possible this might be necessary; the authors aren't
 familiar with how to handle those items on the Form 990.  It would be a
 relatively simple change to `config-tags.ledger`, though, to support other
 income types, or to change it entirely to handle use-cases other than USA
 Form 990 filing.
 #### TaxImplication Tag
 The `TaxImplication:` tag is used for all `Asset:` accounts when the
 transaction includes a payment of $10.00 or more leaving the account.  This
 tag catalogs any tax implications that might occur on outgoing funds.
 The most important USA-related issue tracked by this tag are contractors who
 must have annual 1099 and/or W2 issued.  An [`Entity:` tag](entity-tag) should always
 go along with a TaxImplication tag.
 The possible values for this field are:
 * `1099`, indicating the amount paid requires issuance of a USA Federal Form
 for the `Entity` involved.
 * `W2`, indicating the amount paid will be part of a USA Federal income, as
   reported on Form W2 report for the `Entity` involved.
 * `Retirement-Pretax`, indicating the amount paid was made to a W2 employee
   as part of pre-tax retirement plan, such as a 401(k) or 403(b) plan.
 * `Accountant-Advises-No-1099`, indicating that the circumstances and rules
   seem to indicate a USA Federal Form 1099 should be issued for the `Entity`
   involved, but an outside accountant advised that no 1099 need be issues for
   this `Entity`.
 * `Bank-Transfer`, indicating that the amount is a transfer between two
   banking accounts under the control of the NPO itself.
 * `Foreign-Individual-Contractor`, indicating that the NPO has established
   that the `Entity` is a contractor residing outside the USA who is not a USA
   citizen and does not for any reason pay taxes in the USA.
 * `Foreign-Corporation`, indicating that the NPO has established
   that the `Entity` is a corporation outside the USA.
 * `USA-Corporation`, indicating that the NPO has established that the
   `Entity` is an incorporated entity the USA (i.e., "Inc."), and therefore no
 is required.
 * `USA-501c3`, indicating that the NPO has established that the `Entity`
   has federal 501(c)(3) status in the USA, and therefore no 1099 is required.
 * `Refund`, indicating that the amount is a refund owed to the `Entity` from
   an amount previously paid to the NPO.

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