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Showing content with the highest reputation on 08/13/2024 in all areas

  1. I'll be filing only for my own corporation later this year.
    4 points
  2. I am not filing for any clients. I will probably to file my own until November.
    4 points
  3. In this scenario, DO NOT ENTER ANYTHING ON LINE 2 OF THE 8889. That would definitely be an error. The taxpayer's benefit is via the W-2 box 1 wages having been reduced.
    2 points
  4. The effective for BOI Reporting was January 1, 2024. What would the question even be? As far as 2024 goes, whether your client files their BOI or not has no effect on the filing of any tax returns. We don't ask clients whether they are drug addicts or abuse their children???
    1 point
  5. I know there are the usual questions regarding ownership and foreigners, but I don't recall seeing any questions specific to the BOI reporting on the 1040, 1120, 1120S or 1065 forms. I pulled up each of those forms for 2023 and searched for "beneficial" and didn't come up with anything. What am I missing?
    1 point
  6. What would be the need for proof of filing, as a courtesy reminder if they haven't? Will there be questions on the returns that requires us to know this? I did just make 2 reminder phone calls for 3 clients all using the same law firm. The first one has his own LLCs for real estate and also has authority to make decisions for parents' LLC. He received an information package for his own reporting but parents have not. The other client didn't even receive any package for his C corp.
    1 point
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