Dear Username is two words: It seems to me, by the wording of the announcements that the filing and payment deadlines have been extended until October 15, that IRS would not be charging interest...
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Dear Username is two words: It seems to me, by the wording of the announcements that the filing and payment deadlines have been extended until October 15, that IRS would not be charging interest on individual income tax normally due April 15 , but not paid until October 15 pursuant to the disaster declarations. Would you agree? Jack
This is a brilliant response and I understand and agree with every word. If I may, please, I have two more questions. Then I am done. 1. Would you agree that a qualifying CA individual that has alre...
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This is a brilliant response and I understand and agree with every word. If I may, please, I have two more questions. Then I am done. 1. Would you agree that a qualifying CA individual that has already e-filed 2022 Form 1040 still could wait until October 15 2023 to pay the 2022 income tax due? 2.What is the primary source of information on this topic other than the IRS Newswire issue number 2-23-33? Thank you.
Right on. It seems to me that most CA tax practitioners don't even need to bother with the age old chore of getting extensions filed , or even tax paid, by March 15 and April 15. Is that correct?
It seems to me, with the latest IRS announcement, most California taxpayers may avoid the stress of filing March 15 and April 15 2023 income tax extensions. Comprende ?
Does anyone know the date in "January 2023" IRS will accept e-filed amended 2021 individual income tax returns ? I can't get anyone on the phone at Lacerte.
How are Lacerte users keeping track of basis, at risk, and other items when a passthrough entity is owned by another passthrough entity and then the income, loss, credit, etc. eventually ends up on t...
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How are Lacerte users keeping track of basis, at risk, and other items when a passthrough entity is owned by another passthrough entity and then the income, loss, credit, etc. eventually ends up on the individual's (owner of the, is it "top tier"? passthrough entity) income tax return? Seems to me you would have to enter all of the K-1 data twice. Once on the passthrough entity's tax return input, and then all over again on the individual's tax return input. What a hassle!
It looks like the S corp disagnostics regarding CA PPP loan conformity to federal have not been updated to reflect California AB 194 passed June 30 2022.
It looks like with the February 16, 2022 update, Laceret is calculating the correct pass thorgh entity tax credit (without TMT limitation) am I correct ?
California individual program does not appear to be updated as of Feb 15 2022 to reflect removal of Tentative minimum tax PTE credit limit legislation enacted in the last couple of weeks in Califor...
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California individual program does not appear to be updated as of Feb 15 2022 to reflect removal of Tentative minimum tax PTE credit limit legislation enacted in the last couple of weeks in California. Would you agree, Lacerte community ?