One of my clients asked me to "do his taxes right" for him because his past tax preparer has been filing a Schedule C instead of an 1120 he is worried that he ... read more
Individual Client already received authorization for US/CA and NC. Now adding another state WI. Screen to accept authorization shows already authorized US/CA an... read more
In 29 pages, he concludes: "In our opinion, the Maryland courts would most likely hold that a CPA may, without violating the prohibition on unauthorized practic... read more
Dear All,We researched this and couldn't find the answer.Would anybody know, if we have a company that pays all its employees heath insurance and one emplyee an... read more
I have a new client that called me the other day for some advice. She left the US 25 years ago to live in France. She got married to a French resident and they ... read more
Hello,I have a partnership that has several partners, one partner sold their 2% to another one for $2k mid year. They had a capital account of $3600 at beginnin... read more
Hi all...A and B form an LLC AB in 2019. A contributes $500 K real estate with a basis of $290 K and no mortgage. B contributes $4 K. They take out $250 K mortg... read more
Will ProConnect no longer be free in 2025 for the 2024 tax year? I received an email saying that I will have to spend $99 per year (which isn't a lot, but it do... read more
Out-of-town client mails me their package of tax documents, including notices from the Department of Revenue about three refunds issued last year. Clipped to th... read more
I have a client who is getting $1,112 a month in welfare for the wife, husband and child. The wife received a W2 for $3,000 with no federal withholding. Should ... read more
The taxpayers received Form 1095-A showing Monthly Advance payment of premium tax credit. There is an adult child (25 years old) on that policy and she must fil... read more
From Monday April 1, 2024 Tax Notes Today The Public Company Accounting Oversight Board (PCAOB) has finedPwC Australia$600,000 for failure to timely report p... read more
I am needing to create several new client engagement agreements and I don't have a lot of time to spend on this project. Does anyone have a recommendation on wh... read more