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Thank you so much for your response. I came to the same conclusion yesterday. I'll be calling the client today to advise her to withdraw the amount in excess of...
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Hey qbteachmt... thank you for your response!I did feel stupid for even asking this question yesterday. I was able to talk to someone yesterday and realized tha...
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A client had two accounts with a brokerage firm. Disappointed with the account's performance, she took all of the money and invested the sum of both accounts in...
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Thank you for your response. I was more concerned with properly recording the transfer of assets from the individual to the corporate return and wanted some rea...
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A client received IRS approval to file as an S-Corp starting 1/1/2020. The 1120-S and 1040 are complete, however, I am getting a critical diagnostic that says t...
