I was looking at the 2024 Extension Article in Lacerte. Though the tax deadline for most is 04/15 the article has the due date for extensions as 04/18 or later.... read more
My client is a Ohio resident and received gambling income from Michigan. I am filing the Michigan tax return to claim the gambling and it is showing a earned in... read more
After 20+ years of using Lacerte our office is beyond THRILLED at finally having a tax bracket worksheet. We've created them in Excel for clients who enjoy unde... read more
A retired Pennsylvania couple had 125K in 1099-R and 50k in a w-2 from PA and 27K in a w-2 earned in Delaware. They are being taxed at a 5.6% rate on the Delawa... read more
Hi, client superfunded child's 529 $75K in 2022. A gift tax return was filed in 2022. Should one be filed for 2023? Per instructions if no other gift was made, ... read more
A new client owns a large commercial property with only one tenant that pays $6,000 a year in rent. The client takes a massive loss on this property paying util... read more
At least, if you prefer the Arizona Attorney General's opinion to that of the IRS Commissioner (neither of whom have much training in tax law). I'm not includin... read more
I am rarely involved in disputes between partners. They (two partners) are disputing compensation going back two years. The attorney has been hired - by the cor... read more
Client received a 1099B (from one of the large brokerage houses) with a treasury note matured & redeemed showing as a sale. All other redemptions have shown the... read more
In 2021 a client received an EIP debit card in the mail that had $700 on it. She never activated the card. She just tried to this month and it was expired. when... read more
Hello. An S-corp with two members has one outgoing member. He leaves on 10/31/23. Each member has a stock basis as of this date of $18251.92. The outgoing membe... read more
I have a final year fiduciary 1041 with capital loss. The loss is appearing on 1041 line 23, "Taxable Income" even though all income and losses are passed out t... read more
I put the Ohio School District withholding and number of school district on the W-2 just like I did last year.The 1099-G is saying locality is not a code suppor... read more
Hello:I need some guidance on how to report a casualty gain on Form 1040. I do not see this situation very often. My client owns a residential rental house (occ... read more