From: "Barry J. Cohen" <
To: Jeffrey E. <jeevacation@gmail.eom>
Subject: 000's
Date: Tue, 19 Sep 2017 20:03:59 +0000
John Cook at EY said they would not sign a return that uses the 000s method. They said that there are too many footing
problems. Numbers won't tie to K-1s, W-2s, 1099s, etc. Also, if you only use it on part of the return, the various numbers
on the return would not match internally. He also pointed out that this method effectively truncates numbers; though I'm
not sure what rounding rules you use. E.g., 101,499 become 101? What happens to the other $499?
Joe V likes the idea of putting in 0's instead of blanks. He says he uses "none". He did not understand why this would
affect the statute of limitations.
Barry J. Cohen I
Elysium Management, LLC
445 Park Avenue Suite 1401
New York, NY 10022
Tel. I Cell
EFTA00665464