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Level 2
March 2, 2025
Question

IFT-2/IFT-2R

  • March 2, 2025
  • 5 replies
  • 32 views

hi

I am a consultant in california but in 2024 I had a client in Poland 

I received this form IFT-2/IFT-2R but I don't know if I need to report it in my S corporation like income and if so where do I input it

Thank you!

    5 replies

    Level 15
    March 2, 2025

    Form IFT-2/IFT-2R is a Polish tax form. You do not report it on form 1120S for your S-Corp.

     

    You just report the amount received as income (Gross Receipts or Sales on line 1a) on your form 1120S.

     

     

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    monica38Author
    Level 2
    March 3, 2025

    Okay

    is this form only for me or gets send to the IRS  like 1099?

    Level 11
    March 8, 2025

    The IFT-2/IFT-2R is similar to our 1099 forms but the form itself is not directly reported to the IRS.