MFJ clients asked me if they will qualify for the senior deduction, with an AGI of $200K. It is phased out for (modified) AGI starting at 150K. However, it’s a ... read more
I’m entering a federally declared disaster loss (hurricane) for a client’s personal residence in ProConnect. The FMV before loss is $152,000, FMV after is $122,... read more
Lines 5a(1) - 5(b)2. Not sure if I report "2" or "0" on each line.This is a One Participant Plan (owner/administrator and his spouse). Never had anyone else. Bo... read more
I would like ProConnect to automatically email clients the e-file confirmation when it is accepted. I've had to send about 5 a day and this would save me time. ... read more
I have exactly two clients whose income includes tips, and both are self-employed. Under the new tax and budget law, one of them qualifies for the new deduction... read more
My client died and her son is her personal representative for the Estate. I've done many of these where a surviving spouse was involved, but I can't seem to get... read more
Lines 5a(1) - 5b(2).... Not sure if I report "2" or "0" on each line.Have a One Participant Plan (owner/administrator and his spouse). No one else ever worked w... read more
From the Senate version of the Brigitte Bardot Bill introduced at midnight Friday: "(a) IN GENERAL.—Section 165 is amended by striking subsection (d) and insert... read more
The legislation being referred to as One Big Beautiful Bill is set to become law, bringing significant changes to the tax code and beyond. The Bill permanently ... read more
The legislation being referred to as One Big Beautiful Bill is set to become law, bringing significant changes to the tax code and beyond. The Bill permanently ... read more