Early in the 2023 Tax Season IA instructed taxpayers to add back their QBI deduction when determining the IA Health Insurance Premiums Deduction. Later in the s... 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
Hello - I recorded tax payments from the partnership because I use the business checking account to pay them. I debit equity as a tax estimate and credit cash. ... read more
Company sells Chinese goods on Amazon.. Giving a quote (I know, I don't need the work but I like to work) anyway.. it is a C Corporation. I don't think the sole... read more
I have a small non-profit that pays for sensitive medical costs. Do the donee's names and address have to be on sch O for grants given in excess of $5000? Can w... 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
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
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
Trying to record sale of sched c biz. Have "sold" all the assets, but can't figure out how to record the goodwill. Have tried adding it as an asset and disposin... read more
hello i was wondering if i could electronically fille a tax return that has been already prepared and i have a pdf copy of the finished return but it is still n... read more
A number of clients have received IRS notice CP30A. The penalty for failure to pay sufficient quarterly vouchers has been recalculated. Generally a small refund... read more
A disallowance per IRC 280A of net rental loss on rental property with -0- rental revenue.Property amounts were input with 224 days available for rent in "days ... read more