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
Hello, I’m seeking clarification on how to treat interest income from a treasury bond reported on a 1099-INT for an S-Corp in Lacerte 23. Specifically, I would ... 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
Is there a way to create a new custom template that is completely blank to start? I am trying to create a cover sheet for our tax folders that would print with ... read more
I'm trying to change the template of my client letter. I do not print this until after I have already e-filed their return, so I changed the text to say, your F... read more
The text box for entering the Program Service Accomplishments in the 990 module should function like a Word document. First the area should be fixed in width an... 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
I have a partnership K-1 with the following reference "Schedule K-1, Line 13, Code ZZ."A brief description: "Pass-Through Entity Tax - NY; reduces Line 1, Ordin... read more