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ProSeries TaxExperience: 30 years
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State proficiencies
IL
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Ugh - I didn't think there was a way around it in this particular case.
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I have a client who is a sole proprietor and now wants to move the assets into an LLC. Thesole proprietor already has an FEIN and doesn't want to get a new FEIN...
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Haha - right, I already read the instructions.I saw line 5a on the the form that mentioned cash distribution - but looks like that just relates to "boot" in con...
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That's exactly what I do as well - just copy the prior year file over.
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IRS has released (in draft form) the new IRS Form 7217. Looks like this form is required to be filed by individuals on their 1040 and it's purpose is essentiall...
