How will the electronic filing process work? Is electronic filing mandatory and when will it become effective?
TDLR currently has a bill implementation team that is developing the details for this process. Electronic filing is optional; and it does not create a new or separate class of license holders. We anticipate mid-summer 2010. Please check back later for more information. 3. What is the difference between “working capital” and “net worth?” “Working capital” means the applicant’s current assets minus the applicant’s current liabilities as determined by generally accepted accounting principles. “Net Worth” means the applicant’s assets minus the applicant’s liabilities, as shown on the applicant’s financial statement or most recent federal tax return, plus the sum of any guarantees, letters of credit, or securities that may be submitted to the Department.
Related Questions
- I understand that CALSTARS is developing an electronic process for filing of claim schedules between departments and the SCO. Can you please give us a status report on that system?
- Is there a waiver process allowing a tax preparer to be exempt from the mandatory electronic filing or 2-D bar code requirements?
- When is the mandatory electronic filing system (EFAST2) effective?
