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
To get the program to report this as a commercial clean vehicle credit instead of the clean vehicle credit. You must skip Part I question 2 which asks "does the... read more
How do you enter a Canadian Form NR4.?It has an income code of 11. My guess is that the income gets reported as other income and the non-resident withholding is... read more
Form 593 received from CA title co, which withheld State income tax from the sale of decedent's residence (should have been exempt from withholding but TTEE fil... read more
Recently, we have received 2 notices with refunds of portions of the underpayment penalty calculated on the Form 1040 for tax year 2023. We suspect there will b... read more
At the moment, there are about 500 million machines running Win11 and over 1 billion still running Win10. Support for Win10 ends Oct of 2025 with only 1 out of ... read more
I want to go and look for a past alert as I think it may be applicable to a situation. Client has a ME return that had direct payment of tax due but did not tak... read more