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
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
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
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
I have information that it's possible to have an accountable plan yet not have the partnership pay actual cash for reimbursement and so just record the expense ... read more
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
I have a partnership where ownership is 50/50 split. However, they "eat what they kill" so the profit is based on what they bring in. To complicate matters a bi... read more
When selecting returns to Efile, it would be great if the payment method or refund method be displayed. It will be a quick confirmation before submitting in one... read more