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Showing content with the highest reputation on 05/12/2023 in Posts

  1. The business is the LLC. That didn't change. Part of the year it was taxed as a partnership and part of the year as SP. Nothing was dissolved. The business can continue on with the same bank account. Unless they actually took all the money out of the bank account, BS should show the balance of the account. I would probably show his ending ownership at 0% and hers at 100%, but I don't know that it really matters. 1065 return is a final since one owner no longer allows LLC to be taxed as partnership. Since it's the final 1065 return, K-1's are also final.
    1 point
  2. It depends on if it is a true partnership or a LLC taxed as a partnership. If it's a true partnership, then everything should be closed out. If a LLC then nothing on the company books changes other than combining the equity section combining the partner accounts to an owner equity account.
    1 point
  3. I was able to login with MySocialSecurity User Name and Password since I created it back in 2016. Then I had jump through some identity verification questions and change my password. Now I have to wait for an Upgrade Code in the mail.
    1 point
  4. I signed up for an id.me account yesterday and it was quick and easy, and kinda cool. Of course, I have a smartphone. I've had one for 20 years and would be lost without it. Id.me is a universal login for federal sites. I'll use it for eservices and ssa.gov mostly.
    1 point
  5. I also replied to this topic on another thread. I've been trying to get into BSO for a month with no luck. I go through the whole verification process using log.gov and then instead of taking me to BSO, it takes me to my personal Social Security account. When I called customer support they told me to try id.me instead of log.gov. I tried to go through the id.me validation process but I don't have a smart phone. You need a smart phone to get validated by id.me. I only have to do W2s for two employees. I'm considering just using a site like pdffiller next year. It just amazes me that they could activate this new login procedure without having all the bugs worked out.
    1 point
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