I have a new taxpayer who is a U.S. Military member and claims Florida as his state of residence.His previous tax preparer file his and his wife's federal retur... read more
Client has a loss from his rental property in Germany. Paid Foreign Tax.How do I show this on Form 1116 or should I put it on Form 1116 since it was a loss/
If you file MFS can you still contribute to a family plan HSA $7,750 and if over 55 is it $1,000 each meaning you can put in $9,750?Also, can you use Medicare p... read more
Hi,Need help on this, one of my client bought Model Y under his LLC . I took Commercial Clean Vehicle Credit (CCVC) of $7500. Can i take Sec 179 for the same SU... read more
I have a client that received a 1099-Div with an amount in box 9 for cash liquidation. His father owned this corporation and had passed away. My client received... read more
ProSeries Basic will not allow me to do that. His name is something like "Stefan R. F. Lopez"I tried making the first name "Stefan R." and the middle initial "F... read more
In the NY module, there is a table with the submission and confirmation of each of the four quarterly estimated taxes that were scheduled to be paid electronica... read more
Last year (for Tax year 2023) for a client whose 2022 tax returns I filed before 4/15/23, I set up for Federal & New York automatic estimated 2023 payments for ... read more
I have an 1120 where there are no new assets in 2023. LACERTE is printing the election to Opt Out of Bonus Depreciation for all classes. We have not marked any ... read more
I have received a decent number of ProSytem FX exports from their 2022 software. Unfortunately, the previous CPA did not follow the instructions to back up so I... read more
Client received a letter that they had made a mistake on “taxes” part of last year’s Schedule A. This is what they filed: This is what the IRS notice said: Wh... read more
All of the sudden after the most recent update, charity on line 13A of partnership K-1 is flowing to Schedule A with a code C and an error...and not computing a... read more