I need to recompute beginning stock basis (1/1/205) which was under-reported by errors (Form 7203). There is no change in tax liabilities for the previous years... read more
I have entered all info regarding this Schedule. This is a NM trust that only has NM investment income and CO Sch C and Sch E income. No real estate or person... read more
I do not see that I can run a report for clients and the wage federal ID. Couple of clients with same employer is getting letter that state wages reported incor... read more
I am amending several Federal returns that elected to have Federal 2026 estimated tax payments directly withdrawn by the clients account. I understand the 2026 ... read more
I am trying to use popout forms option to open the forms in another separate window. It opens up but nothing loads in it. The same works perfectly fine when I c... read more
I neglected to use the California Lacerte estimated wizard for one client - is it too late to use the 2026 estimated tax wizard for the remaining California 202... read more
Tp and spouse received an identical letter with the same late payment penalty. Does that mean each must pay that amount? IOW, is the penalty X + X, or doubled?
For Screen 24 - Adjustment to Income - for Other Adjustments - I do not see an "Other" Field so I can put my actual adjustment description there - am I looking ... read more
The company operated as an S corporation through 2019 and converted to a C corporation in 2020. It has approximately $300,000 of undistributed earnings from its... read more
When I get a new tax client, I always create the previous years tax return in Lacerte in order to produce a tax organizer with the previous years tax data. Sinc... read more
Good day everyone,I am trying to figure out how to amend a tax return for a client. The wrinkle is it is a first year client and he's asked me to amend a return... read more
I'm trying to figure out WHY the ES calculated amounts used for 2024 1040 did not get carried forward to 2025 properly. Only the Q1 and Q2 amounts actually calc... read more
We have multiple clients that received CP53E letters stating that they could not direct deposit their 2025 refund. These clients did not have a refund, instead ... read more
