I have a client that had a primary residence and converted it to rental property. They qualify for the exclusion with the ownership & use tests. I calculated t... read more
Is anybody experiencing delays in direct debit of payments on efiled returns? We asked for payments to be debited on 4/15/24 and finding that alof of clients ha... read more
Well folks except for extensions the 2024 tax season is over. Did you folks once again have to deal with forms not approved yet or fighting world war 3 with Int... read more
Client has many installment sales (6252) over the years and never any issue because all of them were sold at a gain. But now he has sold one at a loss, and soft... read more
When I fill out Form 8936-A with all the information. It only allows for credit in part II, for possible business use.This credit is for an individual and there... read more
@taxiowa@Flinders@Royal HF2649 has passed the Iowa House in March 2024, and passed the Iowa Senate on April 19th, 2024, and Iowa Gov Kim likely to sign into law... read more
THE RENEWALS ARE OUT! I just received an e-mail so I had to check it out. I see that overall, my decrease was........................ oh wait a second we all kn... read more
ProSeries won't let me efile a 2022 amended return because we did not efile the original 1040. The client did his original return elsewhere but can no longer re... read more
Hello,I have two questions in reference to elections mentioned in IRS Publication 519.1. I am looking for a sample copy of Election that we attached to Form 104... read more
While working on my client's file instead of choosing CA individual forms, I erroneously selected CA single member LLC, and just closed it. I e- filed Federal a... read more
Working on a large return here and client received 1099 miscellaneous for a large amount of rents, box 1, from the rental management entity. No payer name and n... read more