the parents received a 1095A with their child on it but they did not claim her as a dependentthe IRS has rejected the childs return asking for a 1095A she doesn... read more
Louisville Metro Revenue Commission mandated e-file and e-pay for all returns if a tax preparer submits more than 10 returns per year. Failure to do so will res... read more
Hello,I've been reviewing IRS limits on over 5k donations of a non-cash donation to an NFP which I understand to be 50% of AGI. However, if it is a MFJ situatio... read more
Hi,I am getting a "Server Busy" message (see attached) when I try to e-file a 2022 individual federal return. A few minutes after the "Server Busy" message pops... read more
I am preparing a 1040-NR for a dual-status alien who left the US during the tax year after one year temp working transfer in US on L-1 Visa (late 2022 to late 2... read more
Updated 05/06/24 "Accept as solution" has been changed to "Mark as Best Answer". Thanks to all who have provided feedback.Here's how you can let everyone know w... read more
Hi, is there a limit to contributing after-tax 401K when switching employers? Client maxed out on previous employer with the pre-tax 401K and made after-tax con... read more
What is the tax effect on someone gifting a non qualified annuity to child? gifter is 70+ years old and child is 50+ years old. Can this be done by adding a rid... read more
Hello,I was just informed that an amended return I filed for 2022 under reported the quarterly tax paid and I need to file another amended return for the same y... read more
My client took the standard deduction in 2020 but still made some charitable deductions that I'm hoping to carry through to 1040 line 10b. I've put the contribu... read more
As expected, the IRS is now sending out underpayment penalty notices (CP30) for 2023. For the most part, I agree with their calculations for states entitled to ... read more