Taxpayer need to do the online verification to access the account, hence looking for 14 digit e-file acknowledgement number. The IRS is not accepting the numbe... read more
One thing I really liked in Drake was when you opened a return the notes you had left would pop up and you had to close them out to get to working on the return... read more
I have used Quick Employer forms for almost 15 years. It always saved the W2's and 1099's for 2 years. I filed all of my W2's in January of 2025 for 2024. I jus... read more
The extension payment and date were input on the "Payments, extensions and estimates", Current year estimates, paid with extension section of the input screen. ... read more
If a person (Canada Citizen) moved from Canada to US Permanently in March of the tax year. I understand he will be treated as Resident alien for US tax filing.H... read more
Does anyone know what is meant by IRS Pub 463 stating, in essence, one can continue to use standard mileage rate on a vehicle that is fully depreciated (after h... read more
I am trying to figure out how to change question 16, under 1065 Schedule B. The question is whether I am required to issue 1099's and if so, did I issue them. I... read more
S Corporation.What are the best firms to provide reports and analyses of S Corp reasonable compensation?ChatGPT? I used it and it researched the BLS salary data... read more
I'm trying to use the 200DB depreciation method but am getting the error that"line 72 must be straight line if standard mileage was used in a prior year."This w... read more
Does form 8962 need to include a graduating students income earned after June if they were only on the parents ACA plan January through May (exit the plan to mo... read more
This limitation is particularly impactful for industries like agriculture, where farm operations commonly manage over 100 depreciable assets. Without an Excel e... read more
Currently under tax returns, it has federal efile status, state efile status, and extension efile status, but no amended return status. We need to have that add... read more
I admit, I had to look it up when a Tax Court opinion was released yesterday that says it does not apply to tax penalty cases. No, you’re not entitled to a jur... read more
