How do you handle clients where the IRS or state adjusts the overpayment applied towards the next year before you roll the return.Example: when the return was p... read more
Form 1065-X requires for a Sec 754 election the following statement on Page 1 of the 1065-X-"Filed Pursuant to Reg Section 301.9100-2" as the 1065-X has to be f... read more
on the ar1100 pet tax form (entity is a single member LLC), how does one get the entity type box to be SMLLC on the form? the return had to be setup in the part... read more
I have a combined Texas partnership with revenue well below the threshold limit. Only a PIR is due, but the critical diagnostic says I don't need ot file Form 0... read more
New Client comes in to file personal and upon talking tells us he created a partnership pre Covid 2 partners. Had no activity until 2022 and 2023 which were all... read more
Spoke with Amanda to assist me with some returns that didn't show status. There was a little blip on a certain date (can't remember the date, but there were a f... read more
As expected, the IRS is now sending out underpayment penalty notices (CP30) for 2023. For the most part, I agree with their calculations for states entitled to ... read more
I am preparing a 1040-NR for a dual-status alien who left the US during the tax year after one year temp working transfer in US on L-1 Visa (late 2022 to late 2... read more
Does anyone e-file the 500x electronically when the the Federal requires amendment? I cannot get any information from the Diag 50887. "only Georgia returns that... read more
Hello, I’m seeking clarification on how to treat interest income from a treasury bond reported on a 1099-INT for an S-Corp in Lacerte 23. Specifically, I would ... read more
I recorded the Capital Gain and linked it according to the instructions, yet I don't see the capital gain appearing on the basis schedule.oh I see a box to chec... read more