Tag: sole proprietor

Documenting Income from Sole Proprietor to LLC

Question: My client was a sole proprietor for the last 5 years.  In January of 2020 he formed an LLC.  How do I document his income? Answer: At a minimum, he would at least need one-year returns showing the transition. So, you would need at least the 2020 returns for the new ownership as an […]

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