FRESH START PRO TAX EDUCATION: WHEN A TRUST OWNS ONE OR MORE LLCs What does it mean when someone says, “My trust owns my LLCs”? This means that a legal trust holds ownership interests in one or more Limited Liability Companies (LLCs). A trust may be established for estate planning, asset management, business succession, or other legal purposes. IMPORTANT: Just because a trust owns an LLC does not automatically mean you file Form 1041. The correct tax return depends on the type of trust, the LLC's federal tax classification, and who is treated as the owner for tax purposes. 1. TYPES OF TRUSTS Revocable Living Trust: A trust that generally allows the creator to change or revoke it during their lifetime. Most revocable living trusts are treated as grantor trusts for federal income tax purposes. Irrevocable Trust: A trust that generally cannot be changed or revoked freely. However, an irrevocable trust can still be classified as a grantor trust for tax purposes. Grantor Trust: A trust whose income is generally taxable to the person treated as its owner. Non-Grantor Trust: A trust generally treated as a separate taxpayer for federal income tax purposes. 2. WHAT TAX RETURN DO YOU FILE? FORM 1040 – INDIVIDUAL INCOME TAX RETURN If a grantor trust owns a single-member LLC that is disregarded for federal income tax purposes, the LLC's income generally flows to the person treated as the trust's owner. Depending on the business activity, income may be reported on: - Schedule C – Business income and expenses - Schedule E – Rental real estate or certain pass-through income - Schedule F – Farming income and expenses FORM 1041 – TRUST INCOME TAX RETURN If a non-grantor trust owns a single-member LLC that is disregarded for federal income tax purposes, the business income generally belongs to the trust for income tax reporting. The trust may need to file Form 1041 and applicable schedules. FORM 1065 – PARTNERSHIP RETURN If an LLC has multiple owners for federal tax purposes and is classified as a partnership, it generally files Form 1065.

📚✏️📖💻 FRESH START PRO 💻📖✏️📚 🌟 GOOD EVENING, EROs BUSINESS OWNERS! 🌟 🎉 HAPPY FRIDAY, BUSINESS PARTNERS! 🎉 I hope everyone has had a productive and successful week! 📌 IMPORTANT REMINDER TO ALL EROs & BUSINESS OWNERS Please keep in mind that the educational posts, business growth strategies, motivational messages, and information I continuously share within this SKOOL platform are not just for you to read. These are valuable resources designed to help YOU grow your business, educate your tax preparers, and build a stronger, more successful team. ✏️📚 COPY • EDIT • CUSTOMIZE • SHARE! When I share educational content, tax preparation knowledge, marketing strategies, business-building tips, or motivational posts, I encourage each of you to: ✅ COPY the educational posts and resources I share. ✅ EDIT the information to fit your business and your team. ✅ CUSTOMIZE the posts by adding your business name, business phone number, and contact information. ✅ SHARE these resources with your tax preparers and team members. ✅ EDUCATE & MOTIVATE your team consistently to encourage growth, confidence, and success. 📢 REMEMBER, YOU ARE THE BUSINESS OWNER AND THE LEADER OF YOUR TEAM! It is YOUR responsibility to make sure your tax preparers are staying informed, educated, encouraged, and motivated. I continuously share information to help you understand different ways to grow your tax business, recruit and retain tax preparers, strengthen your leadership skills, and build a successful operation. I have noticed that there has not been a great deal of engagement or responses within this particular SKOOL platform. Therefore, I am not always sure whether everyone is taking advantage of these resources and sharing them with their teams. However, I sincerely hope that each of you is copying, editing, customizing, and sharing this valuable information with your tax preparers. 📚✏️ THIS IS PART OF YOUR ONGOING MENTORSHIP WITH FRESH START PRO! My goal is not only to help you become successful EROs and business owners but also to provide you with the knowledge, tools, resources, and guidance needed to help YOUR teams become successful.

📚✏️📝🙏🏽 FRESH START PRO IMPORTANT ERO BUSINESS PARTNER ANNOUNCEMENT & WELCOME MESSAGE 🎉 HELLO, BUSINESS PARTNERS, AND WELCOME TO THE TAX BUSINESS! 🎉 First, I would like to personally welcome each of you to the Fresh Start Pro team! I am honored to have you as business partners, and I look forward to building successful business relationships with each of you. My goal is to provide you with the tools, training, mentorship, and support needed to help you operate and grow your own successful tax business. 📋 ERO INTAKE APPLICATION & REQUIRED DOCUMENTS I have emailed the ERO Intake Application to be completed and returned. Please complete the application in its entirety, providing all information that applies to you and your business. Please submit the following: ✅ Completed ERO Intake Application ✅ A copy of your business logo ✅ A copy of your EFIN approval letter, if received ✅ Your EFIN number listed on the application ✅ Any additional required documents listed on the application that apply to your business Please understand that submitting complete and accurate information will help make the process of creating your software, establishing your business account, and completing your bank setup much smoother. 💻 EFIN REQUIREMENTS & SOFTWARE SETUP We are NOW beginning the process of setting up ERO software accounts and preparing bank applications. IF YOU HAVE RECEIVED YOUR EFIN: Please submit a copy of your official EFIN approval letter and make sure your EFIN number is included on your ERO application. IF YOU HAVE NOT RECEIVED YOUR EFIN: Please make sure you have already applied for your EFIN through the IRS. You should still complete and return your ERO application with all other applicable information. Once your EFIN is received and verified, we can move forward with setting up your software under your own EFIN and submitting your bank applications. Remember, THIS IS YOUR BUSINESS AND YOUR OPERATION! We want to make sure everything is established correctly under your business information.

📢 FRESH START PRO IMPORTANT TRAINING SCHEDULE NOTIFICATION 🌟 Good afternoon, good afternoon, Business Partners! We hope everyone is having a wonderful and productive day! Please be advised that, effective immediately, all training sessions must be scheduled at least 48 hours in advance. This policy has been implemented to prevent scheduling conflicts, overlapping training sessions, and multiple trainees being assigned to the same trainer at the same time. 📅 IMPORTANT SCHEDULING UPDATE Our training calendar has been updated accordingly to ensure a more organized and efficient training experience for everyone. If you scheduled a training session yesterday, last night, or yesterday evening for today, your appointment has been canceled and must be rescheduled. We kindly ask that you return to the scheduling calendar and select a new training date and time that meets the 48-hour advance scheduling requirement. 🙏 We sincerely apologize for any inconvenience this may cause. We appreciate your patience, understanding, and cooperation as we continue improving our training process. 💙💛 At Fresh Start Pro, our goal is to provide every business partner with the knowledge, tools, resources, and hands-on training needed to succeed. We look forward to continuing to train, educate, mentor, and grow together as business professionals! Remember, when we learn together, we grow together, and when we grow together, we succeed together! 💼📚 Thank you for being a valued Fresh Start Pro Business Partner! Fresh Start Pro 📞 800-718-3121 Empowering Business Owners Through Education, Training & Growth!

Rondia Harris 2d • General discussion INCENTIVES.. let's do it, cant beat .[Business name]DOING ALL THE TRAINING 💚💰🎉 [Businessname]– TAX PREPARER REFERRAL INCENTIVE OPPORTUNITY! 🎉💰💚 📢 ATTENTION ALL EXISTING TAX PREPARERS! 💼 EARN EXTRA MONEY OUTSIDE OF TAX SEASON! 💼 Looking for ways to generate additional income even when tax season is over? Fresh Start Pro is offering an exciting REFERRAL INCENTIVE OPPORTUNITY for our existing tax preparers! 🚀 WE ARE CURRENTLY RECRUITING NEW TAX PREPARERS FOR TRAINING! As a member of the [Business name team, you can earn additional income simply by referring individuals who are serious about becoming professional tax preparers. 📚✏️ WHAT NEW TAX PREPARERS RECEIVE: ✅ Tax Preparation Software ✅ Hands-On Tax Preparation Training ✅ Tax Season Mentorship & Guidance ✅ Access to Educational Resources ✅ Tax Preparation Templates ✅ Training Materials & Support ✅ Opportunities to Learn and Grow in the Tax Industry ✅ And Much More! ━━━━━━━━━━━━━━ 💵🎯 HOW THE REFERRAL INCENTIVE WORKS 💰 Tax Preparer Startup Fee: $150 💚 Your Referral Incentive: $75 🏢 Fresh Start Pro Receives: $75 📌 HERE'S HOW IT WORKS: 1️⃣ Refer someone interested in becoming a tax preparer with Fresh Start Pro. 2️⃣ Explain the $150 startup fee and the training, software, mentorship, and resources included. 3️⃣ The new tax preparer may submit their $150 startup payment directly to you as the referring tax preparer. 4️⃣ Once the full $150 payment is received, you retain $75 as your referral incentive. 5️⃣ You then submit the remaining $75 to Fresh Start Pro, along with the new tax preparer's referral and enrollment information. 6️⃣ [Business name]will begin the new tax preparer's onboarding process once the required payment and information have been received. ━━━━━━━━━━━━━━ 💸 YOUR EARNING POTENTIAL! 🎯 Refer 1 Tax Preparer = $75