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
The layout of the Tax Advisor should be the same style as the Proconnect Tax (PT). In PT, there are sections for each part of the return such as Income and subs... read more
Where are the dollar amounts in the state plan when I select the Collapse All. The federal plan summarizes the dollar amoutns when I select the Collapse All, bu... read more
Hi to all,For tax year 2021, ProSeries does not support direct deposit. How can my client arrange for direct deposit with the IRS? Can I attach a letter written... read more
MASS on line 46 Family and Child tax credit. MASS says:OverviewYou may be able to claim the child and family credit on your Massachusetts personal income tax re... read more
The wife is disabled and the husband has to take care of her full time. Massachusetts has a brand new refundable tax credit for this called the Family and Child... read more
Massachusetts allows a tax credit ($310) for disabled spouses as part of the Child and Family Tax Credit. To claim the credit, the disabled spouse (though not a... read more
Hi all...A and B form an LLC AB in 2019. A contributes $500 K real estate with a basis of $290 K and no mortgage. B contributes $4 K. They take out $250 K mortg... read more
I have a client who has been paid 50k (sweepstakes) description per customer. He did not receive a W2-G gambling form or 1099. I have been reading regards this ... read more
How do you enter a Canadian Form NR4.?It has an income code of 11. My guess is that the income gets reported as other income and the non-resident withholding is... read more
I strongly recommend, once again for next tax season, that on State Returns, especially NJ returns, on the Information Worksheet Part VIII, Direct Deposit, the ... read more
I have a client who sold his business, LLC-tax class S Corp. I'm preparing his personal tax return now. I have entered in the amount that he sold the business f... read more
Hello,I have clients who have recently inherited assets and are interested in setting up a non-profit and/or foundation for the performing arts in their area. T... read more
Is anyone having a problem efiling a return with a Form 1116-reject code indicates using the smart worksheet to input detail for Line 2. I have done thisyou rec... read more
Hello,I e-filed 1099-NEC with 10 contractors for my clientOne contractor with 1099-NEC is $0 instead of $21000 that was issued and e-filedPlease tell me how to ... read more