S corporation sold all assets and liquidated at end of calendar year and made a "liquidating" cash distribution to shareholders. The liquidating distribution is... read more
My client has a tenant that is paying 1/3 of his rent by providing my client w/ personal services, another 1/3 with services of maintenance for the rental, and ... read more
Had to send three Federal returns by mail (TY2022-TY2024) for a client that I was unable to e-file (MFS status, system error as we didn't have the SS# for the u... read more
IRS Commissioner confirms ends of Direct File initiative Billy Long, the newly confirmed IRS commissioner, announced the termination of the Direct File ... read more
Good Morning!Can someone please tell me if you've done all the updates and what sort of issues you may still be having? Last I heard there was still an issue wi... read more
What version is the Lacerte Tax Planner currently? Mine says 45.0114 but where can I find what the current version is? Also, does anyone know when Lacerte will ... read more
August 2016: Client, a widow in her 80s, gets a CP01H notice from IRS that “we are unable to process your [2015] tax return as filed. Our records indicate that ... read more
I am trying to enter a partial sale of land, building, and other assets and the proceeds from that sale were used in a reverse 1031 exchange. The Like-Kind Exch... read more
Register here Description If your firm wants the flexibility and efficiency of cloud-based tax software, or is struggling to manage remote employees or softwa... read more
Register here Description If your firm wants the flexibility and efficiency of cloud-based tax software, or is struggling to manage remote employees or softwa... read more
Register here Description Discover the value and benefits of ProConnect Tax and its ecosystem. You'll learn about the software’s security measures and user-fr... read more
I have a single farmer who has a nol for 2024. His negative AGI from the Federal Return is not populating to the Missouri return. I've tried entering in overrid... read more
When entering prior year unllowed losses on an active schedule e you have to use the passive loss tab and enter in the prior unallowed for active in the first o... read more
