Client retired and has decided to rent out his commercial building. How do I switch the asset from Schedule C to Schedule E? I stopped depreciation on the Sch C... read more
I have had two or three clients reach out to me because their 2023 tax due did not come out of their bank account yet. One of them pays through electronic withd... read more
I have a LLC owned by two non-resident partners. The LLC generates income but its considered to be not ECI. As such, the foreign partners are not subject to tax... read more
Hi, this is the first year filing form 100 for CA stock corporation. The software is calculating $800 fee for this first year. I thought based on the link below... 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
Client has Potential State Tax Exclusions from Governmental obligations on his Dividend statement ( no interest). Which line do i enter that on the worksheet fo... 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 have a NYS & NYC S Corp. I understand there is a work around where I can deduct state taxes in excess of $10,000 with this work around.How do I do I this?
I read that submitting coding issues here in the Community can get a coding correction done by Intuit for ProSeries Professional? There use to be an Intuit link... read more
This is why I don't do 1065's. 1. Is a deemed distribution of a partnership interest in an assets-over merger of two partnerships under § 1.708-1(c)(3)(i) of th... read more
TAXPAYER LIVING IN MASSACHUSETS , BUY A HOUSE IN VERMONTAS AN IVESTMENT TO RENT REGISTER IN THE COMMONWEALTH OF MA AS LLC CORPORATION,HOW CANWORK THIS PROPERTY ... read more
Hi, is there a limit to contributing after-tax 401K when switching employers? Client maxed out on previous employer with the pre-tax 401K and made after-tax con... read more