ProConnect Tax

Why is Form 3468 in draft form in 2022 ProConnect Software?  Is there a timeframe on when this form will be ready for e-file purposes?  

No text available

No text available

No text available

I seem to have this issue year after year on Alabama returns. The form 40 is printing out blank. Form status says "This form is final and watermarked efile only"Just wondering if is is final why not fix it so you can print it?All of the other major tax programs allow you to print the return, including TurboTax.The State has also finalized the forms.  I'm sure Alabama is a low priority but this happens year after year. Thanks again this year. 

System saying attached PDF file is too small to upload.

No text available

No text available

How do I load a *.22s.cache backup file that was created on a desktop ProSeries 22 system to my Cloud ProConnect?

I see there was a question back in 2020 Re:  this issue.  If you have investment interest carryover but it doesn't result in a tax reduction because you are using standard deduction, does your investment interest carryover get reduced by the amount you could have used if you were itemizing?

This was a suggestion I received when I checked the return.  For the life of me I can't figure out where the checkbox is that they speak of.  This is the exact message I received: "To reconcile federal and state differences from pass-through entities, turn on the State K-1 Reconciliation Worksheet. Enter a "1" in "State K-1 Reconciliation Worksheet (1=when applicable, 2=Suppress) [Override]" to generate the worksheet for this return."

It's a substantial tax return which includes 13 states.  I suspect the problem is it's timing out before the server has had enough time to respond.

I saw that there are additional documentation requirements for R&D tax credit claim. Does it apply to original return or amended return only? If it applies to original return. Where in proconnect would I be able to include the documentation?Here are the additional documentation requirements:For a research credit refund claim to be valid, a taxpayer must, at a minimum, follow these three steps:Identify all business components to which its research credit claim relates for that year.For each business component, identify all research activities performed, all individuals who performed each research activity and all the information each individual sought to discover.Provide the total qualified employee wage expenses, total qualified supply expenses and total qualified contract research expenses for the claim year (for example, using Form 6765, “Credit for Increasing Research Activities”).

Hi Everybody,  Client never worked or lived in Yonkers, he is a resident of NYC - but employer incorrectly withheld Yonkers taxes on W-2 form. So the client has 2 localities on his W-2 form: NYC and Yonkers. When I am trying to enter it, the form IT-201 generates Yonkers NR Earnings tax and Form Y-203. So generally speaking the client loosing these, lets say $200, for Yonkers NR Earnings tax when he never lived or worked there. How can I fix it on the tax return? Or he has no choice but to file Yonkers NR until employer fox this error?  Thanks a lot!!!  Maryna

No text available

I would like input on the following situation:  Taxpayer owns an LLC - he thought it was a single member LLC.  Spouse handled all financial matters and had tax preparer file returns showing a Partnership with son for 2019 and 2020.  Then 2021 was filed as 50/50 Partnership with spouse.  During 2022 couple filed for divorce.  Taxpayer is adamant that the business is a single member LLC and wants to file a Schedule C. At this point, taxpayer hasn't been able to obtain copies of returns prior to 2019 so we don't know how the entity was treated prior to 2019.  The originating document establishing the LLC (as filed with Secretary of State) is silent as to number of members.What documentation should be used to prove the number of members and therefore the form to be filed for 2022?Thank you for any input on this situation.

Hello,What tax forms need to be filed for reimbursement of depreciation from S-Corp to Individual?  I have a client who owns an LLC taxed as an S-Corp.They are being reimbursed depreciation expense for: 1) Their personal vehicle they use for work.2) A portion of their home - for their home office space.The LLC was taxed as an SMLLC in 2021, and both the amounts are based on the form 4562 and previous year's Schedule C Depreciation schedule. Does my client need to complete the depreciation schedules on their personal return? Or - are there similar forms that are needed to be filed by the S-Corp? Or - do we just have them take the expense, and keep the backup on how the calculations were made? Thank you,

For 2020 income tax

I converted this year to Proconnect from ProSeries

No text available

The foreign tax paid amount was from the brokerage statement and all info input into the dividend screen.

Input screen only offers override pages. When in Check return it shows up as a suggestion.

according to program "help" there is button to set to say is a rollover can not find it

Is there a box to check to electronically attach a copy of the other state to the state return getting the tax paid to other state credit, or do I have to wait to print and then attach?

I have read ProConnect's instructions - and they say the below.However - the steps given don't make sense.There is no "adjustments to income" area on the "Deductions" screen. Help please 🙂 Follow these steps if health insurance premiums were not reported on W-2:Go to the Input Return tab.From the left of the screen, select Deductions and choose Adjustments to Income.From the top of the screen, select Health Insurance.Enter the appropriate amount in Premiums not entered elsewhere (excluding long-term care).Under the Long-term Care Premiums subsection, enter any applicable fields.Scroll down to the Net Earnings (if multiple businesses) section.Select 1 = Schedule K-1 (1120-S) in the Form (Click on arrow to select from list) dropdown menu.Select the applicable activity in Activity name or number.Enter the Net earnings [Adjust].Go to the Check Return tab to view the Worksheets.The program will generate a worksheet to calculate the Self-Employed Health Insurance Deduction.