I received a Sch K-1 from a partnership for an IRA that reported UBTI and also reported QBI relating to the UBTI. According to the IRS, Form 990-T filing as a trust (such as an IRA) is allowed to ded...
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I received a Sch K-1 from a partnership for an IRA that reported UBTI and also reported QBI relating to the UBTI. According to the IRS, Form 990-T filing as a trust (such as an IRA) is allowed to deduct the QBI on line 9 on page one but I cannot find an input screen in Lacerte to enter the QBI.
The Form 990-T is due on 06/15/2021 (Texas disaster extension date). Lacerte's message is the issue is trying to be resolved but the deadline is almost here. I cannot find an alternative. What are ...
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The Form 990-T is due on 06/15/2021 (Texas disaster extension date). Lacerte's message is the issue is trying to be resolved but the deadline is almost here. I cannot find an alternative. What are others doing to avoid the 990-T from being filed late?
No problem. I guess due to the stress of trying to get the fiduciary tax returns filed by the 09/30/2020 deadline, I was too sensitive to the comment at the end of the post. Also, I apologize for m...
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No problem. I guess due to the stress of trying to get the fiduciary tax returns filed by the 09/30/2020 deadline, I was too sensitive to the comment at the end of the post. Also, I apologize for my ignorance. I thought questions regarding the product are answered by the intuit staff and tax questions are answered by the CPA community. This morning I learned differently. It appears I have offended the entire community of volunteers and for that, I sincerely apologize.
Because they volunteer, does that give them a right to be condescending. I am not the sharpest person in the room but I do not like to be reminded of it.
I do not have an issue with George. I appreciate his help. George, thank you for all your help. I also do not have an issue if information provided is not correct. I can only imagine how complica...
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I do not have an issue with George. I appreciate his help. George, thank you for all your help. I also do not have an issue if information provided is not correct. I can only imagine how complicated tax software can be and having to deal with all the different taxing authorities. I even do not have an issue with holding online for two hours. I understand. My issue is with the person (not George) that lectured me on my grammar. I believe using the word "file" was appropriate. Lacerte can only "file" electronic returns and cannot "file" paper returns. If I wanted to know if Lacerte is able to process a paper return, I would have asked, "Is Lacerte able to "process" Form IT541?" This is not the first time I have been lectured by someone providing answers to questions.
Words do matter. That is why I asked if Lacerte files the LA Form IT-541. If a paper return was being filed, I would not be asking Lacerte if they file a particular form. Lacerte cannot file a pap...
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Words do matter. That is why I asked if Lacerte files the LA Form IT-541. If a paper return was being filed, I would not be asking Lacerte if they file a particular form. Lacerte cannot file a paper return. Lacerte can only file electronic returns. Duh. I think it is time I change software providers.
My system is up dated to the latest version. When I try to e-file the return, diagnostics states the LA Form IT-541 return cannot be e-filed at this time. Lacerte systems specialist says Lacerte ca...
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My system is up dated to the latest version. When I try to e-file the return, diagnostics states the LA Form IT-541 return cannot be e-filed at this time. Lacerte systems specialist says Lacerte cannot e-file LA Form IT-541 but probably will be able to in the future. I believe the system specialist is right since I cannot get passed the e-file validation process.
Just a comment to save anyone else a two hour wait time --- Contrary to the answer provided to me earlier today, Lacerte cannot e-file Louisiana fiduciary Form IT-541.