New partnership that was formed in 2023. One of the partners is foreign. No SSN and ITIN.There was a loss for 2023. So, while there didn't need to be any tax wi... read more
Client received Form 1099 R, Taxable amount of distribution is $197K, Dist. code is 1 Early withdrawl He is Not 55. Have checked all exceptions to early distri... read more
I have limited experience or a lack of confidence. Any guidance would be helpful.I believe the W2 is incorrect and before I request a W2C to be prepared I want ... read more
The following error shows up on Schedule NEC of 1040NR:"Line 9, column (c) should not be greater than zero if Schedule OI Line B country of residency is Taiwan"... read more
Dear Members,I hope this message finds you well.I have a query regarding the availability of Form 8936 for S Corporations and Partnerships in ProSeries tax soft... read more
I filed a client return that had tax due on Federal and Wisconsin. I checked the appropriate boxes for the withdrawal from taxpayers checking account. The feder... read more
My client resides in California, and they, along with their spouse, own a Single-Member LLC (SMLLC). For federal tax purposes, they are treated as a Qualified J... read more
I want to invest in a tax research service that is informative and reasonably priced. I would welcome suggestions.Also, I have always used the 1040 Quickfinder ... read more
THE IRS SITE, CHECK MY REFUND, KEEPS SAYING THAT THE INFO DOES NOT MATCH ANY THING IN THERE DATABASE. IT SUGGESTED TO RE-EFILE THE RETURN, CAN YOU ACTUALLLY DO ... read more
Returned was filed and acknowledged on 2/8/2024. The taxpayer has not yet received the refund as shown on the return. On 3/18/2024 the taxpayer received Notice ... read more
Final 1065 will be 2024. In 2023, my client, a 1/3 partner died. I do prepare the 1065? How do I allocated stepped up basis for only asset, a building, that wa... read more
Notice to Other Practitioners regarding Tax CreditsOne of my taxpayers recently received an IRS 2023 CP12 Notice indicating their requested refund was reduce du... read more