A previous client has passed away and estate executor has contacted me to request previous tax returns. I have no issues releasing previous returns to assist in... read more
I have 2 taxpayers who are unmarried but live under the same roof with their 2 children. The parents of the children both work outside the home. The father of t... read more
Hello! Please forgive any ignorance in my question as this was my first year doing taxes as a sole proprietor. At my previous firm, we had a very intricate work... read more
Interesting provision from the tax bill released today for the House Ways & Means Committee hearing tomorrow: Sec. 112211. Restriction on regulation of continge... read more
Has anyone been receiving what appears to be incorrect underpayment of estimated tax penalty letters on Forms 1041 for tax year 2024? We are on about our 6th on... read more
Client filed a 1065 in 2023. There were two members of the LLC. For 2024 there is now a single member LLC reported on Schedule C. In 2024, the client paid the 2... read more
need to know how others handled the best way to file NJ part year resident and non resident for same client. All paper entries? part time efile and nonresident ... read more
Well, we know he has until June 15 to file his 1040. Or October 15, if he filed an extension. From The Washington Post: Pope Leo XIV, the newly elected pontiff,... read more
I have a client who has a 28 yr old son.The son owes IRS from 2022 and 2023.Son had $0 Income in 2024 and lived with parents the entire year, providing none of ... read more
Hello friends! As the subject line says, this client has penalties for both failure to file timely and failure to pay. Couple of questions. In Pro Connect, is i... read more
2023 taxpayer had simple side job W-2 that the employer never correctly sent to SS. The IRS denied the $1800 withholding. We jumped through all the hoops and ev... read more
Hi All, Does anyone know who I can talk to about the major mess Lacerte caused me in January of 2025, with the 2024 rollout? Lacerte deleted my entire Firm. I ... read more
I understand standard depreciation can be deferred with a 1031 Exchange but what happens to bonus depreciation taaken on relinquished property?Is bonus deprecia... read more
Client had extension form prepared and filed by Block- found out it was prepared incorrectly with errors and came to me to complete and file return. How do I at... read more
