The client filed head of household for 2023, her parent was a dependent. Only residents in the home are the client and her mom. Client is unmarried.Mom died Mar... read more
What is the tax effect on someone gifting a non qualified annuity to child? gifter is 70+ years old and child is 50+ years old. Can this be done by adding a rid... read more
Hello, I’m seeking clarification on how to treat interest income from a treasury bond reported on a 1099-INT for an S-Corp in Lacerte 23. Specifically, I would ... read more
I strongly recommend, once again for next tax season, that on State Returns, especially NJ returns, on the Information Worksheet Part VIII, Direct Deposit, the ... read more
I have information that it's possible to have an accountable plan yet not have the partnership pay actual cash for reimbursement and so just record the expense ... read more
I recorded the Capital Gain and linked it according to the instructions, yet I don't see the capital gain appearing on the basis schedule.oh I see a box to chec... read more
I have a client and her husband, whose entire income is derived from interest, dividends, and capital gains (not taxed), plus a retirement income which is taxed... read more
Latest Update: Version 44.0508 - Release 8Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes... read more
Hi all...A and B form an LLC AB in 2019. A contributes $500 K real estate with a basis of $290 K and no mortgage. B contributes $4 K. They take out $250 K mortg... read more
You didn't get the memo? It says right here in the Manual that IRS issues a memo. 20.1.3.2.7.1(12-10-2013) Estimated Tax Penalty and Reasonable Cause ... read more
The IRS will not allow paper filed returns for the 990 starting in January 2022.Please update your software so Form 990 clients can file short year and 2 tax re... read more
Taxpayer has tax exempt interest which must be added in on M1M which flows to line 2 of M1. Proseries is taking line 1 - line 4 to get Minnesota income. It shou... read more
Well for the first time in a few years, I can go home at 5:00 like a normal human being on April 15th (or the equivalent depending when the IRS gets a bonus hol... read more