Why Forms matter in 2021

Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing The following:  

Your Tax Return Preparation, Tools Questions on the Return, and Cryptocurrency.

Creating our Tax Troubles Menu:

1.  Partnerships LLCs S Corps Trusts (Forms 1065, 1120-S, 1041) and K-1s  

2.  Special- Foreign Operations and the New K-2 and K-3 

3.  Estates and K-1s- Forms 1041  

4.  Foreign Entities and Trusts- Form 3520

5.  Sole Proprietorships and wholly-owned LLCs and Disregarded Entities -EINs- Schedule C -   

6.  Disgruntled Workers, W-2s, Matching, Trust Fund Taxes, and CAWR Dept 

7.  Form 1099-NEC and Independent Contractors  

8. Form 1099-MISC and Settlements- is it income? \

9. Abusive tax shelters -too good to be true  

10. Form W-9- don’t overlook this?