Form OSC in Virginia gives credit for tax paid in NC. Instructions: Go to efile at the top, link to attach the PDF, and then I get stuck in knowing how to name ... read more
Got a new client. (don't most of our questions begin with this statement) They bought a car wash 12/15/2022 for@$248k. Form 1065. The client's previous tax prep... read more
Facts: Son, mother and father are all owners in a home. The son lives in the home, but the parents do not. The son wants to sell the home.Question: If the paren... read more
Taxpayer is a FL residentHas a NJ summer home (owned jointly with a "spiritual husband" / friend / dependent)Purchased jointly $200,000 in 2017Sold $460,000 in ... read more
Taxpayer filed 2021 taxes with166,764 w2g income and25,678 in losses owing $33,000.Taxpayer wants to amend their 2021 taxes and write off everything that they w... read more
HELLO EVERYBODY,Well after 2 hours on a tech call with Intuit support I feel as though I have gotten nowhere with no answer either.I am preparing an 1120s retur... read more
8825 has always shown all expenses then reduce by 50% as it should.The 4797 does not follow the same logic, if you enter total sales price it flows unchanged to... read more
Client called, married filing joint and two kids, has a hsa from a prior employer. New employer said it does not offer hsa. What are his options for current con... read more
The following diagnostic is generating: Form 3468 #1, Lines 7a or 8b: Prepare and attach an Increased Credit Amount Statement. For electronic filing purposes, t... read more
A brand-new Tax topics page is now live, which covers the most commonly asked questions around generating and reporting a Schedule K-1.Check it out here!
