Hi to all.A couple divorced on 11/01/2024, and as of 01/01/2024, they ( couple and child) lived together until the divorce date. They have a child, and accordin... read more
Office of Personnel Management (OPM) officials met with agency leaders across government Thursday and directed them to begin firing employees still in their pro... read more
I would like to file a gift tax return for my client giving his sister half the value of the house before selling it. On the gift tax return his share of the va... read more
Schedule I is a new schedule in the TN Forms FAE170 and FAE174 return packages beginning with the 12/31/2024 tax year. TN DOR has updated its Franchise and Exci... read more
I am working on a return that has crypto transactions, individually entered on "Quick Entry: Dispositions (Schedule D, 4797, etc.)" which fill in form 8949 corr... read more
In the Forms view, the client letter states that the spouse's HSA deductible contribution is $1326. But then goes on to say that $1325 [not $1326!] must be depo... read more
I've been doing this person's taxes for quite a few years. He has 2 children and is disabled with a code 3 on his NYS Retirement 1099R. Every year since it's a ... read more
Client has declined compliant health insurance from employer and purchased health insurance instead through the marketplace and received form 1095-A. Therefore ... read more
There is a problem with correct calculation on 2023 assets for vehicles. It is showing zero for 2024 depreciation, only ones with bonus depreciation like luxury... read more
Received 1099-C for student loans. Do those loans automatically qualify for the student loan forgiveness?I entered the 1099-C normally and as usual it is taxabl... read more
I have a client that has a Minnesota tax return and she has a 1099r and the program keeps wanting me to fill out info on the schedule M1QPEN. Is there a way to ... read more
It seems that CT pass-through entity returns will not be available until March 18th? The returns are due March 15th. Never mind then engagements piling up alrea... read more