using Lacerte SC1041 is calculated taxes due on the SC income and applying withheld taxes to the liability. cannot force flow through of income to K1. if trust ... read more
H & W clients own a property that they rent through VRBO. They are not real estate professionals and they say they don't stay at the property for vacations.So t... read more
I am working on an estate return in which the main home and a business property both of which were sold within five months of the date of death. I have read tha... read more
Hello Community,I am reaching out to the community board to see if anyone knows how to add charges throughout the off season that will roll over to the followin... read more
Need to be able to calculate penalty and interest on amended returns. The less notices clients receive, the better. I also don't see a way to enter it manually ... 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 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
I vaguely remember some California practitioners mentioning this subject. For those who are still interested, there is an interesting article here: https://www.... read more
a client received 1099 q indicating 190000 was received in 2023............form 1098 t plus other educational expenses paid for 2023 totaled 165,000...does the ... 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
A CA resident individual taxpayer has a partnership nonresident NY K-1 with 1000 of line 1 ordinary income allocated to NY.NY tax on the NY nonresident return i... read more
I'm new to Proconnect and this is my first time filing an amended return. My client's return was filed incorrectly by a previous accountant. I followed the inst... read more
Under IRS Notice 2014-7 certain Medicaid Waiver Payments may be excludable from income. Normally, taxpayers receive these payments through w2 or 1099-MISC. Like... 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