Tuesday I took the business update from Western CPE in Vegas.  Some practitioners said their malpractice carrier said NOT to complete the form for clients.  Others said they would, and the instructors seem to imply they would let the client or their lawyers do this.  No real consensus.  For 2023 and prior entities you have until 01/01/2025 to file.  For 2024 new entities you had 30 days, but it's now 90 days to file.  How many of our clients set up an LLC or other during the year and we find out about it next tax season - way beyond the 90 day threshold? 

As of now I'm going to inform my clients but state I am not preparing these forms.  Many others are including it in the engagement letter.