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A client had a foundation established as a result of a trust in 2024 and the foundation was issued a K1 because the foundation is a 30% beneficiary of the trust...
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Hello! I know of someone in need of a preparer who can do Form 5471. Let me know - I have a referral !
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An Arkansas trust distributed Arkansas income to an irrevocable trust. Arkansas is not an efiling option in the fiduciary return. Is anyone familiar with Arkans...
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Thank you!Yes, it's confusing!Yes they do have some interest and dividends in 2024 as their distributable net income and want that for the personal returns. I a...
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The foundation is not considered a reporting entity since it does not have any control of income producing property - correct? So no filing for the foundation u...
