Hello, this is Linda Keith and I am following up on a 60-minute webinar on global cash flow of tax returns when you have multiple pass-through entities in the mix." - "Let's see what we got next." - "High net worth individuals usually have 10 plus pastor Andy's." - "If there is no guideline, what should we do?" - "Well, oh my gosh, why is there no guideline?" - "I do internal training on a regular basis to companies, and when I do, I learn their guidelines." - "I'm very comfortable with the idea that we've got some guidelines which are just guides, not hard and fast rules." - "And then we need to apply judgment." - "But one of the clients I did this year, I must admit, the guideline was so... I don't call it mushy." - "You know, when do we need Kay ones? When do we get the full returns?" - "Well, use your judgment, and it depends on the impact on the income." - "But there wasn't any percentage ownership, percentage income, or start gate to get us all moving in the same direction." - "So you need guidelines, and the guidelines need to at least get us out of the gate at the same time." - "Ah, now in the absence of guidelines, because that was your question, I regularly look at percentage ownership and percentage income or impact on income." - "The higher control that individual has, the more they're just deciding what to take or not." - "The more important it is their income source, the more critical it is that I get a reasonable number." - "So if it's a small amount, I actually just don't care what you use." - "But if it's a big income and especially if it turns out you do have both returns and you look at their k1 " - "And then you...
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Video instructions and help with filling out and completing Will Form 1120 Reit Trusts
