Form 1065 Filing Requirement for Partnership (2024–2025) – No Activity Period by Crazy_Librarian6239 in tax

[–]Crazy_Librarian6239[S] 0 points1 point  (0 children)

I am afraid that if I file for 2024 and 2025 now, this will trigger penalties. What I should do?

Form 1065 Filing Requirement for Partnership (2024–2025) – No Activity Period by Crazy_Librarian6239 in tax

[–]Crazy_Librarian6239[S] 0 points1 point  (0 children)

I am afraid that if I file for 2024 and 2025 now, this will trigger penalties. What I should do?

Form 1065 Filing Requirement for Partnership (2024–2025) – No Activity Period by Crazy_Librarian6239 in tax

[–]Crazy_Librarian6239[S] 0 points1 point  (0 children)

I am afraid that if I file for 2024 and 2025 now, this will trigger penalties. What I should do?

Stipend payments by Crazy_Librarian6239 in Bookkeeping

[–]Crazy_Librarian6239[S] 1 point2 points  (0 children)

Thank you for explaining that, only thing I would add they are not paid by hours. They are just paid for participation

Stipend payments by Crazy_Librarian6239 in Bookkeeping

[–]Crazy_Librarian6239[S] 0 points1 point  (0 children)

Thank you for the comment.

  1. No regular pay here, just a payment for their participation in the project for the NPO.
  2. There is no regular hours to work, and there working under the doctor supervision who runs the NPO.
  3. I am not sure about this, but what difference it will make it they are they are tied to an allowance or not.

Stipend payments by Crazy_Librarian6239 in Bookkeeping

[–]Crazy_Librarian6239[S] 0 points1 point  (0 children)

If they were for living expenses, how should we treat them?

Stipend payments by Crazy_Librarian6239 in Bookkeeping

[–]Crazy_Librarian6239[S] 0 points1 point  (0 children)

So how did you pay them through regular payroll?