Updated 05/06/24 "Accept as solution" has been changed to "Mark as Best Answer". Thanks to all who have provided feedback.Here's how you can let everyone know w... 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
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
Recently, we have received 2 notices with refunds of portions of the underpayment penalty calculated on the Form 1040 for tax year 2023. We suspect there will b... 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
1040-x IRS instruction says as of 2023 electing direct deposit is possible for 2021 or later but Proseires can not handle it and red error occurs so please upda... 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
Tennesse Repealed a major part of their Franchise Tax . See2024franchisetax (tn.gov). These are major refunds.Tax payer's will be allowed to amend 2020 and late... read more
the parents received a 1095A with their child on it but they did not claim her as a dependentthe IRS has rejected the childs return asking for a 1095A she doesn... 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
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
Does anyone know how to get ProSeries to include a Sect 754 asset in UBIA? I've had to manually override the Partners K-1 info, but ProSeries will not allow me ... read more