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I am not sure how to elect out of filing form 1116 when the client meets the criteria. Under $300 of tax, passive income, etcEdit: Its under Foreign Tax Credit ...
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I have a client that switched jobs in 2021, his elected deferrals from one company was $12.5k and the other was $9.6k both are 401k's. Is there an election we c...
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Experiencing similar issues here at my office as well.
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Any update to this? I have two state rejections from extensions that slipped past. Now the entire project says rejected because of it even though the return at ...
