sjrcpa wrote:If it's a BBA partnership, you won't be able to amend it. You'll need to do an Administrative Adjustment Request.
jon wrote: The sister-in-law(corporate tax attorney) of the main owner said she did not think the 2020 and the 2021 should apply the ERC for those specific years because they are cash basis.
I told her about the notice, still waiting to hear back from her.
CaptCook wrote:The one big exception to this is for a BBA partnership. Because the item to change was discovered/determined in 2022, this would be an item that the partner(s) will be given information for with the 2022 K-1. The partners have to amend their return, but the partnership doesn't.
Wiles wrote:Thank you. All partners are individuals. So I will do the 8985 and the 8978. Why doesn't Lacerte have these forms????
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