His Intuit shares are up $15 this morning. @Jim-from-Ohiocould slow down, slack off on a few appointments this afternoon, and still finish the day with more tha... read more
I've had three 1040 clients this week tell me that they got a refund check for the underpayment penalty that was calculated on their 2023 return in ProConnect T... read more
This client shows in her mother Form 1095-A as a covered individual. She is not listed as a dependent in the mother tax return. Do I have to enter the mother's ... read more
Original minority shareholder surrendered his 20% shares on 09/22/2023 and on 09/23/2023 the company reissued the shares to Presidents wife who did not have any... read more
Hello Forum Members,I'm currently working on a return 1120 s and have encountered a discrepancy that I'm seeking guidance on. Here are the details:Net Income: -... read more
We use the most expensive Proseries Professional Tax Software they sell. They keep jacking the price up EVERY year.We have been with ProSeries for at LEAST 25 y... read more
Hello - I recorded tax payments from the partnership because I use the business checking account to pay them. I debit equity as a tax estimate and credit cash. ... read more
I have a small non-profit that pays for sensitive medical costs. Do the donee's names and address have to be on sch O for grants given in excess of $5000? Can w... read more
A disallowance per IRC 280A of net rental loss on rental property with -0- rental revenue.Property amounts were input with 224 days available for rent in "days ... read more
I have a client who has been paid 50k (sweepstakes) description per customer. He did not receive a W2-G gambling form or 1099. I have been reading regards this ... read more
Will ProConnect no longer be free in 2025 for the 2024 tax year? I received an email saying that I will have to spend $99 per year (which isn't a lot, but it do... read more
My client is a chiropractor. She travels to her doctor once a week and says it is for her physical well being related to being a chiropractor. Would this be a b... read more
In 2023 taxpayer moved into rental home. Home rented since 2017. ZERO days rented in 2023 (proseries is giving an error on Schedule E saying must be at least 15... read more
Issue: Deceased person usually takes Trad IRA RMD in October. IRA Owner dies before instructing bank to issue RMD. Multiple beneficiaries attempt to submit pape... read more
Hi, client has part of the home (dettached) that airbnbs. Does not provide substantial services nor qualifies as RE professional so I think sch E is appropriate... read more