Just wanted to chime in - be careful about what's on your EIN letter. Mine also mentioned Form 720, but my accountant explained that the IRS often lists ALL potential forms a business might need, not necessarily what your specific business requires. Form 720 is pretty specialized for excise taxes on specific products/services.

I run a small greenhouse business which has some similarities to landscaping. I've never had to file Form 720 because I don't deal with any of the excise taxable items. If you're just doing regular landscaping you should be fine without it! My advice is to check Schedule C instructions (if you're a single-member LLC) to make sure you're handling your tax situation correctly for your business type.

I'm also an F1 student who went through this exact confusion last year! One thing that really helped me understand the timeline was keeping a tax calendar. Here's what I learned about the Robinhood document timeline: - 1042-S forms typically arrive between mid-March and early April (much later than 1099s for US persons) - Robinhood's transaction history is available year-round, but their annual summary usually gets finalized around the same time as the 1042-S - Don't panic if you don't see your 1042-S yet - international account tax documents are processed separately and always come later One mistake I almost made was trying to file before getting my 1042-S because I saw other students getting their refunds already. The dividend income on that form is crucial - even if it's just a few dollars, you need it for complete reporting. Also, I'd recommend downloading your monthly statements from Robinhood NOW rather than waiting until tax time. I learned this the hard way when trying to reconstruct a full year of trades in March - having monthly records made everything much cleaner. The good news is that once you understand the process, subsequent years become much more manageable. You'll know exactly what documents to expect and when to expect them.

I just wanted to share my experience as someone who went through this exact situation two years ago as an F1 student. The confusion about 1042-S vs 1099 forms is completely normal, and you're asking all the right questions! A few practical tips that would have saved me stress: 1) Set up alerts in your Robinhood account for when tax documents become available - you'll get notified as soon as your 1042-S is ready, usually sometime in late March. 2) Start organizing your records now rather than waiting. Create a simple spreadsheet with columns for: Date, Action (Buy/Sell), Symbol, Shares, Price, Total Amount. This will make tax preparation much smoother. 3) Don't worry about the W8-BEN form - Robinhood likely had you complete this electronically during account setup when you provided your visa information. It's automatic for international accounts. 4) Your tax consultant is right about needing detailed transaction records. The 1042-S will only show dividend income, so you'll need to calculate and report your capital gains separately using your trading history. The most important thing is not to rush. Wait for your 1042-S even if it feels late, and make sure you understand both the dividend reporting (from the 1042-S) and capital gains reporting (from your transaction records) before filing. You're being appropriately cautious, which will serve you well. This gets much easier once you've done it the first time!

Something important that hasn't been mentioned yet - you need to check the TRUST DOCUMENT itself. Many irrevocable trusts have specific provisions about how trust assets should be managed, and some even explicitly address whether properties should be income-producing. As trustee, you're bound by the terms of the trust. If the document says the properties should be maintained for eventual use by beneficiaries, you might be violating your duties by trying to rent them out. Conversely, if it says assets should be managed to produce income, you could be in breach by leaving them vacant. This isn't just a tax question - it's a fiduciary responsibility question. I'd strongly recommend having an attorney who specializes in trust administration review the document before making any decisions about tax treatment.

Be really careful here! I tried something similar with my family trust properties and got audited. The IRS agent specifically focused on whether I had a genuine profit motive or was just trying to create tax losses. What saved me was having documentation showing: 1) Multiple attempts to rent the properties (saved emails with real estate agents, copies of listings) 2) Competitive market analysis showing reasonable rent expectations 3) Records of property improvements specifically aimed at making them rentable 4) A written business plan showing projected income and expenses Without these, I would have been toast. The agent told me they see lots of trustees trying to claim "ghost" rental properties that are really just sitting empty with no real attempt to rent them.

This thread has been really helpful! I'm in a similar situation and was confused about all these different credentials. Based on what everyone's shared, it sounds like for basic tax prep work, someone with PTIN and EFIN who's working toward their CPA should be fine. I'm curious though - how do you actually verify someone's credentials? Is there a way to look up whether their PTIN and EFIN are current and valid? I want to make sure I'm not just taking someone's word for it when they claim to have these certifications. Also, for those who mentioned Enrolled Agents - is there a directory where you can search for EAs in your area? That sounds like it might be exactly what I need for my tax situation.

One thing I'd add is to make sure whoever you hire carries professional liability insurance, regardless of their credentials. I learned this the hard way when a preparer made an error on my return that resulted in penalties and interest. Even someone with all the right certifications can make mistakes, and you want to be protected if that happens. Also, don't be afraid to ask about their error resolution process upfront. A good tax professional should be willing to represent you if there are issues with the return they prepared, and many will cover penalties that result from their mistakes. This is especially important if you're dealing with a complex situation like the large tax bill you mentioned - you want someone who'll stand behind their work. The credential discussion here has been really helpful, but I think practical experience and accountability are just as important as the letters after someone's name.

I went through this exact situation with Amazon Flex last year! Here's what fixed it for me: 1. Clear your browser cache completely 2. Try using a different browser altogether (Firefox worked when Chrome failed) 3. Disable any ad blockers or privacy extensions 4. Make sure you're using the exact same email address as your Flex account 5. If all else fails, contact Amazon Flex support through the app Such a relief when I finally got in! If you're really stuck, you can also request your wage and income transcript directly from the IRS which will show what Amazon reported for you.

Hey Zoe! I totally feel your stress about this - tax deadline anxiety is real! I've been doing gig work for a few years and ran into similar issues. A few things that might help: First, definitely try Ryan's suggestion about the Stripe portal - that's actually how I accessed mine last year when the main Amazon portal was being glitchy. Also, Benjamin's tip about using the mobile app instead of the website is spot on - I've noticed the app tends to be more reliable. If you still can't access it, don't panic! You can absolutely file your taxes without the official 1099 form. Just gather all your payment records from the Amazon Flex app (go to Earnings > Payment History) and add up your total for 2023. The IRS cares more about you reporting the income accurately than having the physical form. One more thing since you mentioned caring for your mom - make sure to look into the Credit for Caring if she qualifies as your dependent. And if you're using your car for deliveries, don't forget to track those business miles for deductions! You've got this! 💪