I've had 2 clients whose underpayment penalties were partially refunded. This has never happened before. Does anyone know if there is/was a glitch in the softwa... read more
I have a client who quickly claimed her house to her son to avoid probate for $100. The house had a mortgage of $136000, and I need help figuring out a new basi... read more
Taxpayers owe taxes on their Form 1040. Their children want to pay the taxes, each paying 1/3 of the taxes owed. What form do I use or how do I do this???????
My clients owes taxes and their children want to pay the taxes for them. There are 3 children and each wants to pay 1/3 of the taxes owed. What do I have to do?... read more
H & W clients own a property that they rent through VRBO. They are not real estate professionals and they say they don't stay at the property for vacations.So t... read more
Client received ERC in 2023. Do 2020/2021 tax returns have to be amended or can this be reported on 2023 tax returns as other income? Reading conflicting "opini... read more
Problem: TP earned income (wages) are split 50/50 for the IRA contribution deduction calculation. Everything else is good.I want the Spouse Traditional IRA cont... read more
In Lacerte where do you enter disaster area information?For CA- the FTB just sent out a notice that for the San Diego Flood Disaster extended due date of June 1... read more
Is there a downside to including investment income on Line 4e? Will this comeback to hurt my client in the future? The only reference I can think of is deprecia... read more
Just canceled our firms Pro Series Network version after +20 years with Intuit. Pricing has gotten outrageous for tax software (10k) and all their other softwar... read more
