So only distributions made from trust income/gains (not principal) need to be reported on theGrantor Trust Information Letter attached to the 1041?Ultimately, I...
A statement of items taxable to the grantor is attached to the 1041, which includes both income and deductible expenses handled by the trust. I assume an ABLE c...
What I'm trying to determine is how my spouse gets credit for taxes the business has paid into social security if we're both using the same EIN. We're a qualifi...
Thanks again for this.I already have an EIN. All of my 1099s use my EIN and this is also connected to my quarterly estimated tax filings. Would my wife also use...
Assuming the percentages can change by year? For example, we could specify in a partnership agreement that the percentages of the business (income, expenses, et...
