The following diagnostic is generating: 7768 If Form 990-PF Part VI is checked additional information is required . I am filing form 990-EZ and entering recipie... read more
Recently, we have received 2 notices with refunds of portions of the underpayment penalty calculated on the Form 1040 for tax year 2023. We suspect there will b... read more
I have a client that in 2021 "forgot" to give me a 1099K for 50K+. I asked at the time why her income was so low. She told me she sold the said business. 3 hair... read more
Has anyone PAY-PER-RETURN when filing a 1040 on ProSeries Professional. I have been using Proseries for more than 10 years. Last year I had to used ProSeries to... read more
Bill Romanowski and his wife have around 15 million in tax liability. How was the IRS able to go so far back in years for that assessment of taxes? It even soun... read more
I created an LLC business as an acupuncturist in 2022 but I had to change it to an S-Corp for 2023. Do I need to file the LLC Form 568 and mark "Final" or can I... read more
Though we never got the refund from a few years ago, PTIN fees going down for next year:The IRS has issued final regulations that reduce the fees for the applic... read more
I have been using Intuit Link for 4 years now. I loved it until about 2 weeks ago.All of a sudden, Intuit Link started "losing" my clients. I would go in to sen... read more
Hi Colleagues,Client has a 1099-R for shares exercised from her ESPP in her IRA from a previous employer. The 1099-R has a value in Box 1, a value in box 2 and ... read more
How do you handle clients where the IRS or state adjusts the overpayment applied towards the next year before you roll the return.Example: when the return was p... read more
December 2023 client takes a distribution and receives a 1099-RBox 1 Gross Distribution $264,076Box 2 Taxable Distribution $264,076Box 2b Taxable amounts not de... read more
Are we no longer able to add numbers together in a cell instead of calculating them together on a calculator and then having to type it in?Kind of a frustrating... read more
For almost two years I have been trying to get Intuit to recognize that there is a desperate need to integrate forms 1116 and 8858 and 2555. I am confident this... read more