I have information that it's possible to have an accountable plan yet not have the partnership pay actual cash for reimbursement and so just record the expense ... read more
Ihave a taxpayer who died in January 2024. We filed the 2023 return but need to file a final return from Jan 1, 2024 through the date of death. I included the D... read more
Mr Nerdman: The top 5% pay approximately 63% of all federal individual income taxes. Liberal Client: Are you sure? Mr Nerdman: Did I stutter? Client: But that c... read more
My client has a K-1 showing ordinary income and the statement A QBI pass through attached to the K-1 shows a loss. Does that makes sense? Shouldn't they be the ... read more
I can't seem to get rid of the errors on Form 1310. I check Box B, Part 1 and then check the B1 box, but Pro Series is still saying I have 2 errors and boxes A ... read more
His Intuit shares are up $15 this morning. @Jim-from-Ohiocould slow down, slack off on a few appointments this afternoon, and still finish the day with more tha... read more
Taxpayer conducted a 1031 Exchange and relinquished one property for interest in two Delaware Statutory Trusts (DST). I've calculated the depreciation carryover... read more
I've had three 1040 clients this week tell me that they got a refund check for the underpayment penalty that was calculated on their 2023 return in ProConnect T... read more