Posted on: 30th Dec, 2009 06:24 pm
hello, im i was hoping someone could help me. i am calculating income from tax returns and i noticed that the borrower owns several companies in NJ but his K1 letter C asks where he filed and i noticed it states UT on some companies and OH on others. why is that? is this normal?
thanks for your feed back
Suzy
thanks for your feed back
Suzy
Hi suzy,
I suppose the borrower owns C-corporations in different states. May be he has listed some of them in his K1 letter whereas he missed out mentioning the other companies. It's better if you could contact him and clarify the whole issue.
I suppose the borrower owns C-corporations in different states. May be he has listed some of them in his K1 letter whereas he missed out mentioning the other companies. It's better if you could contact him and clarify the whole issue.
what a great answer, adonis. by all means, suzy, you should be discussing this with the borrower directly to determine the situation.
why is that you're reviewing the returns? are you an underwriter? consider me nosy - it's not important that you respond to these questions, of course.
why is that you're reviewing the returns? are you an underwriter? consider me nosy - it's not important that you respond to these questions, of course.
