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  • Just a follow-up. If filed Schedule C instead of Sub-S, and Sub-S is actually correct. Consult PPL for proper recommendation on course of action, which may include: Perfecting entity status Amend 1040's, zeroing out Schedule C Filing late, ...

  • I agree. I'd ask to see the corporate papers and CP261 (Sub-S approval); it's probably a good idea to have those on file anyway. There's also always a decent possibility that an election was never made, and the TP might not even know that that's a step ...

  • Yes. The undergrad courses should be eligible for the tax credit (interestingly, regardless of whether the undergrad courses are part of a degree program) if the TP is otherwise qualified. I believe there are adjustments with NY AGI above $525k, and ...

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