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
I have used programs that automatically checked for clients with matching name/SSN/DOB when starting a new return. the main screen had options like start a new ... 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
I understand that if a taxpayer hasn't owned a primary residence for two years or if the taxpayers is buying a primary residence for the first time, there is an... read more
PRO SERIES ALLOWS AN INVALID PAYMENT DATE CERTAIN WITH A REJECTED EXTENSION.PAYMENT DATE CERTAIN SHOULD BE THE SEND DATE TO BE ALLOWED WITH PRO SERIES.THIS IS A... read more
Proconnect should have a schedule summarizing all the K-1 lines items for all shareholders in form 1120S and all partners in 1065. This is especially helpful wh... read more
I am receiving an error on the Texas Form 05-164 extension request when I have a combined group. It states that "Combined Entities must add affiliates to Form 0... read more
I have a company admin who is the Chief Tax Officer in our organization as well as an owner. I have her role set to Company Admin and discovered today that she ... read more
I efiled a 2023 Fiduciary return for this estate and am now ready to file the FINAL estate short period (1/1/24-4/30/24) return. I do not want to wait until the... read more
I recently submitted a 1040x for a client that had automatic estimated quarterly payments set up for the IRS in the return. I was unaware that I needed to unmar... read more
I imported TY22 data from several ProSeries '22 returns. ProConnect did not pick up the 1040 line 36 amount to be applied to 2023 estimated tax, and as a result... read more
I need to figure out how I can amend a 2023 return that I just amended. I prepared the original return, amended it and now need to amend it again.Not sure if th... read more