Why Forms matter in 2021
from TUFTS ON TAX Hosted by T. Scott Tufts
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?
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