Taxpayer has two business as LLCs. One is taxpayer owned it as SMLLC (this year 2023 is final year). Another business is owned joint ventureby husband and wife ... read more
Client received a 1099-R with Box 1 and Box 2a filled in (both have same amount).Client says that the money was rolled over into another IRA (indirect rollover)... read more
I'm trying to fill out the Part IX statement of functional expenses of form 990.The amounts for Depreciation and Amortization are automatically filled in A colu... read more
In the Lacerte Estate Tax program, there is no way to update the basic exclusion amount on Line 9a of the Form 706 from the 2023 amount of $12,920,000 to the 20... read more
Followed the directions for amending NYS 2023 return, but keep getting a rejection. Review shows no errors. Unclicked the NYS est payments on return, but that d... 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
My daughter's father was incarcerated for 8 months of 2023 and did NOT provide even half of her support for that year. He filed taxes and claimed the CTC which ... read more
I have a situation where a client invested IRA funds into a partnership which went bankrupt. The IRA custodian is now distributing the partnership interest to h... read more
The taxpayer is the only owner of an S Corp. His spouse works part time for this S Corp and receives W-2, but is not a shareholder of this S Corp. The health in... read more
The client started depreciating the car in tax year 2020 and took the special depreciation ($18,100) with another accountant. I have now taken on this client an... read more
