CaraMel
Level 2
04-06-2022
08:30 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Good morning! I have a client who owner financed a lot to an LLC. ProConnect states that the IRS will not accept an EIN on an installment agreement nor to report interest income. The buyer refuses to give their SSN. My client is willing to recognize the entire capital gain for 2021, but how can I report the interest income if the IRS will not accept the EIN? All help tremendously appreciated
Labels