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  • Posted in: Open Forum

    Hi, I'm a fairly new CPA and new to the forums, but wanted to get some clarification on sales tax for equipment rentals. I work with a client that took their sole prop business and reorganized it into several separate LLCs. The owners now "rent" their ...

  • Posted in: Open Forum

    Thanks for your response. My clients have received five "cash distributions for claimants" starting in March of 2019 and another is reported to be coming at the end of January. They also received a 2019 Fiduciary Form 1041 Grantor Letter dated September ...

  • Posted in: Open Forum

    Hi Norene, I came across one such investor last year. If memory serves, I believe a liquidation trust was setup in 2020 to dispose of the assets and distribute funds to the investors pro-rata. Each investor will receive their information from the trust ...

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