A number of clients have received IRS notice CP30A. The penalty for failure to pay sufficient quarterly vouchers has been recalculated. Generally a small refund... read more
A disallowance per IRC 280A of net rental loss on rental property with -0- rental revenue.Property amounts were input with 224 days available for rent in "days ... read more
A client and friend who's return is on extension sent me an email and she asked me if she is going to get her economic stimulus payment. I sent her back a text ... read more
New client, did not claim Other Dependent credit for their children in 2021 and did not file a W-7 for ITIN numbers. Kids had Social Security number since 2022.... read more
1040-x IRS instruction says as of 2023 electing direct deposit is possible for 2021 or later but Proseires can not handle it and red error occurs so please upda... read more
I am working on a return where there are 12 partners. One of the partner's died mid of the year and his share is distributed equally to the other family members... read more
I have a K-1 (Form 1065) of a partnership "AMINO CAPITAL III, LP", which isa venture capital firm.My client is one of the investors. On the K-1, there is"Net lo... read more
Does anyone know how to fix the following diagnostic:e-file: If your combined group's total revenue for the year is less than $2,470,000, you do not need to fil... read more
For Form 8283, I have marked the box that a "family pass-through entity made the non-cash contribution" in entry screen 26.4. Page 1 of form 8283 correctly show... read more
I am completing Form 7203 and trying to determine if the loans provided by the Small Business Association create debt basis. Any help would be greatly appreciat... read more
Hello, I am Drashti, Tax and Regulatory Manager at Water and Shark. We are looking for tax software for filing returns for our clients in the USA and have come ... read more