I have a client who has a business and in 2023 bought a portable metal building that now uses as a working shop. This one is easily movable. He also bought a... 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
To get the program to report this as a commercial clean vehicle credit instead of the clean vehicle credit. You must skip Part I question 2 which asks "does the... read more
Anybody know what to do about efiling nonprofit short year tax returns, as well as the requirement to file 2 in the same calendar year?The IRS has required this... 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 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
I have had an incredibly difficult year trying to file short year and 2 years for the same calendar year for non-profits. I spent 15 hours this summer with pros... read more
The layout of the Tax Advisor should be the same style as the Proconnect Tax (PT). In PT, there are sections for each part of the return such as Income and subs... read more
Where are the dollar amounts in the state plan when I select the Collapse All. The federal plan summarizes the dollar amoutns when I select the Collapse All, bu... 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
MASS on line 46 Family and Child tax credit. MASS says:OverviewYou may be able to claim the child and family credit on your Massachusetts personal income tax re... read more
The wife is disabled and the husband has to take care of her full time. Massachusetts has a brand new refundable tax credit for this called the Family and Child... read more
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
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