0
votes
1answer
24 views
Is additional stock received as consideration to convert a loan to stock reportable on Form 1099-MISC, box 3?
I've got a new non-public client that issues common stock (restricted as to transferability) as a "bonus" for an unrelated non-corporate lender to convert the loan to common stock, …
2
votes
2answers
77 views
Trying to fix other accountant’s error. They filed 1120-S instead of 1120-C
I'm trying to fix a client's prior accountant's error - they filed a 1120-S when it should have been a 1120-C. Any suggestions on how to file an amended 1120-C return when the orig …
0
votes
1answer
83 views
Regarding a 1099-G, should I submit a state return or ammend current?
Here is the scenario...
We processed the clients return for Nevada. Now after the return has been mailed they are showing up and playing stupid with me that they did not understan …
1
vote
2answers
43 views
Amending 1040 for step up depreciation
Recently Dad allowed me to see his tax returns. What I found was that the people preparing my parents returns did not give Dad step up depreciation on the rental property in the ye …
1
vote
4answers
74 views
Do I need to file an amendment in this situation?
I have a client who was NOT required to file a tax return because he didn't meet the minimum filing requirements BUT he filed a return anyway.
After he filed his return he got a K …
1
vote
2answers
34 views
Taxpayer agreed to flawed audit. How can I fix this?
A potential client came to me today AFTER going through an audit.
After going over her stuff briefly I see there are a number of adjustments I would have made but I won't talk abo …
