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Level 2
March 2, 2025
Question

IFT-2/IFT-2R

  • March 2, 2025
  • 1 reply
  • 1 view

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!

    1 reply

    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?

    PatriciaV
    Level 15
    March 12, 2025

    OH

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


    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.

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