TaxGuyBill
Level 15
04-17-2020
11:15 AM
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The best solution is to fire the client for not telling you that BEFORE you prepared the corporate return. 😁
@Jane918 wrote:The LLC was formed in 2019.
Was it formed January 1st? If not, it seems likely that SOME of the business was done under the corporation. The client would need to sort out all of the income and expenses between the corporation and the newly formed LLC. You would then amend the 1120 to reflect the corporate income.
