Tag: switching company type

Self-Employed Borrower Switches Business Structure Type

Question: We have a borrower who is self-employed. In 2019 he switched from filing a schedule C to filing 1120-S. Does he still meet the history guidelines, or does he need to wait and file his 2020 tax returns as 1120? Answer: Yes, you would need to wait. The expense structure likely changed, and there […]

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