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Returning Member
posted Mar 1, 2025 7:29:46 PM

IFT-2/IFT-2R

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!

0 5 1183
5 Replies
Expert Alumni
Mar 2, 2025 5:50:19 AM

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.

 

 

Returning Member
Mar 3, 2025 8:23:01 AM

Okay

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

Expert Alumni
Mar 8, 2025 8:03:36 AM

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

Returning Member
Mar 8, 2025 12:48:15 PM

OH

AND WHY DID I RECEIVED IT IF I HAVE AN S CORP?

Expert Alumni
Mar 12, 2025 8:41:51 AM

The form is required by the Polish tax authority to report income paid for your consulting services. Include it in your company's gross income as you would for any other service income.