How to handle two K-1 forms from same company?
Just type in the forms as they are, separately. That would be the easiest way both to enter the data without any mistakes, and ensure that everything matches properly with the IRS reports.
"I have real, working insight on how some businesses look at IT as a third wheel.  We have 800 employees, with roughly 200 of them being computer users.  While some companies are debating on whether or not to name a CIO, we have no acting IT director, no one that is titled a manager, nothing.  We have two people dedicated to IT.  I have a bullshit title, answer to the IT ""manager"" who has another bullshit title who answers to the controller, who answers to the CFO, who answers to the CEO.  I have trained a PR person enough to handle website editing tasks so I don't have to get my hands dirty for little things and to handle social media.  I could go on for hours about how to properly structure your company for IT services by describing a terrible scenario but you already hit the nail on the head." Having all of the numbers you posted is a start. It's what you need to perform the calculation.  The final word, however, comes from the company itself, who are required to issue a determination on how the spin-off is valued. Say a company is split into two. Instead of some number of shares of each new company, imagine for this example it's one for one. i.e. One share of company A becomes a share each in company B and company C. This tell us nothing about relative valuation, right? Was B worth 1/2 of the original company A, or some other fraction? Say it is exactly a 50/50 split. Company A releases a statement that B and C each should have 1/2 the cost basis of your original A shares. Now, B and C may very well trade ahead of the stock splitting, as 'when issued' shares. At no point in time will B and C necessarily trade at exactly the same price, and the day that B and C are officially trading, with no more A shares, they may have already diverged in price. That is, there's nothing you can pull from the trading data to identify that the basis should have been assigned as 50% to each new share. This is my very long-winded was of explaining that the company must issue a notice through your broker, and on their investor section of their web site, to spell out the way you should assign your basis to each new stock. "The appropriate structure for an organization depends largely on the size of the firm. Smaller firms can employ some non-traditional hierarchies more easily (i.e., flat design), whereas the same structures are more difficult to use in mid-size and large companies. The most important pieces of any corporate structure are (1) clarity of roles, (2) accountability, and (3) ease of communication.  Firstly, everyone in the organization must have clarity of their own role and how it fits into the bigger picture. That means a structure that is easy to understand, and a comprehension of how all the roles tie in to each other.   Secondly, a good structure will enable and empower leadership to hold the team accountable, and be held accountable in turn. What is often misunderstood about accountability is that people often assume that it simply means punishing poor behavior when something breaks down. In reality, that's holding people responsible, not accountable. Accountability is something that is self-driven and is a product of sound relationships and transparency. As an example, one of the most common breakdowns in accountability is found in passive non-responsiveness. This is when you may reach out to a business partner for help or an update, but they simply do not reply (as in email, text, or voicemail).   Thirdly, the structure should be such that it is easy for individuals to communicate across and up/down the chain. This doesn't mean that if you send an email, communication is easy. Rather, who do I reach out to for this problem? What are the best practices or agreed-upon methodologies for a certain practice, and how does the team know this? Some of this should be codified in the form of standard operating procedures (SOPs) which can be referenced at any time. Many companies use a ""playbook"" which is a high-level reference guide on how to operate the business (an example is found here: https://www.atlassian.com/team-playbook). A playbook can be anything from a PDF to an interactive website like the aforementioned link. It should always have the most up-to-date information.  Most companies will change their structure over time as their environment (both internal and external) change and they need to adapt. For example, a small firm may not need an HR department, but as it employs more and more people, a need to have someone (or an entire team) focused on human capital management rises quickly -- an owner-operator can handle only so much before it is time to scale up.  The most important thing to consider is who you hire. People are the largest expense to an organization, and having the right people in the right roles is the best way to avoid unnecessary incremental costs resulting from inefficiency, fraud, or risky behavior. Always look for the personality traits that make a good employee relative to the role (i.e., customer service: friendliness; finance: integrity; operations: teamwork).  One of the most obvious parts of a business as it scales up is specialization. You want to find a balance, though. For example, HR handles all human relations issues, while Legal handles all internal claims, suits, and patents. There is an overlap that occurs here, as internal claims often start as human relations issues, which means you must have healthy communication and clear accountability for an appropriate hand-off so Legal takes a claim at the right point in time. While this example may be a little obvious, many times the edges are blurred, and clarity of role can be difficult.  I hope that helps! Reach out with any follow-up questions." "As other responders said, you can certainly roll over multiple 401(k) into a single account. An added benefit of such rollover (besides the ease of tracking) is that you can shop around for your Rollover IRA provider and find the one that gives you the specific mutual funds that you want to invest in, the lowest expenses, etc. - in short, find the best fit to your priorities.  There are also ""lemon"" 401(k) plans and if you are in one of them, get out!  And rollover is the way out. There is also one possibility to keep an eye on as it happens rarely, but it does happen - rolling a 401(k) over into another 401(k).  I've done it once when I started a job at a company that had a great 401(k) with a good selection of low-cost mutual funds.  I rolled the 401(k) from one previous job in to this 401(k) to take advantage of it.  At the same time I kept a Rollover IRA, combining the 401(k) from all other jobs; it had more investment options and provided some flexibility." "It's not possible for them to be comingled. From the IRS FAQ: Does my employer need to establish a new account under its 401(k),   403(b) or governmental 457(b) plan to receive my designated Roth   contributions? Yes, your employer must establish a new separate account for each   participant making designated Roth contributions and must keep the   designated Roth contributions completely separate from your previous   and current traditional, pre-tax elective contributions. It doesn't have to be a separate ""account"" necessarily, but the amounts must be tracked separately as if they were in separate accounts: Does separate account refer to the actual funding vehicle or does it   refer to separate accounting within the plan's trust? Under IRC Section 402A, the separate account requirement can be   satisfied by any means by which an employer can separately and   accurately track a participant’s designated Roth contributions, along   with corresponding gains and losses." Form 10-K is filed by corporations to SEC. You must be thinking of form 1065 (its schedule K) that a partnership (and multi-member LLC) must file with the IRS. Unless the multi-member LLC is legally dissolved, it must file this form. You're a member, so it is your responsibility, with all the other members, to make sure that the manager files all the forms, and if the manager doesn't - fire the manager and appoint another one (or, if its member managed - chose a different member to manage). If you're a sole member of the LLC - then you don't need to file any forms with the IRS, all the business expenses and credits are done on your Schedule C, as if you were a sole propriator. "1. What forms do I need to file to receive money from Europe None. Your client can pay you via wire transfer. They need to know your name, address, account number, and the name of your bank, its SWIFT number and its associated address. The addresses and names are required to make sure there are no typos in the numbers. 2. What forms do I need to file to pay people in Latin America (or any country outside the US) None. 1099s only need to be filled out when the contractor has a US tax ID. Make sure they are contractors. If they work for you for more than 2 years, that can create a problem unless they incorporate because they might look like ""employees"" to the IRS in which case you need to be reporting their identitites to the IRS via a W-8BEN form. Generally speaking any foreign contractor you have for more than 2 years should incorporate in their own country and you bill that corporation to prevent employee status from occurring. 3. Can I deduct payments I made to contractors from other countries as company expense Of course." What I'm going to write is far too long for a comment, so I'll put it here even though its not an answer. That's the closest thing to an answer you'll get here, I'm afraid. I'm not a tax professional, and you cannot rely on anything I say, as you undoubtedly know. But I'll give you some pointers. Things you should be researching when you have international clients: Check if Sec. 402 can apply to the pension funds, if so your life may become much easier. If not, and you have no idea what you're doing - consider referring the client elsewhere. You can end up with quite a liability suit if you make a mistake here, because the penalties on not filing the right piece of paper are enormous.