I have a client that is the sole shareholder of an S-Corp.  He recently purchased land and buildings to be used for his business.  The bank put the loan in the name of his S-Corp but filed the deed in his individual name.  Is the interest on the loan and building assets still an expense of the S-Corp if the deed to the property is in the individual's name?

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In Proconnect, I would like to know which of my clients filed Schedule C in 2020.  I have a general idea, but instead of opening each client individually, I would like to just have a list.  I know this was an option for Lacerte users.

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Hello All,Happy Holidays to you all. I have to make a change to a 2020 1099-NEC,  made 2 1099s one for Tim one for Timothy but were essentially the same person and 1099 amount. Anyhow, the 1096 says DO NOT use the Copy A available via the website if mailing in any corrections. So how would one ascertain these forms if not via the website? Please see the direct links above indicating such. That's also the same for the 1099 Copy A Red Form, it says DO NOT use this copy etc.  I have ordered the 2021 forms from the IRS both 1099-NEC and 1096 but these are for 2021, how would one order these forms for 2020?Thanks again for all your help and any insight! https://www.irs.gov/pub/irs-pdf/f1096.pdfhttps://www.irs.gov/pub/irs-pdf/f1099nec_20.pdf

My client has a federal credit union. The routing # starts with 263. I keep getting this error: The routing transit number (RTN) for the electronic deposit of refund is invalid. The RTN should be nine characters long and must start with 01 thru 12 or 21 thru 32. RTNs are validated against a check digit, which is the ninth digit of the RTN. If the computed check digit does not match the check digit input, the electronic deposit cannot be directly credited.   Has anyone seen this before and how can I fix it?

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How to print CA 568 and not CA 565 for a LLC partnership?

I created a tax return for the corporation and now it can't be downloaded because it can't be paid. It is sad 😞

I'm not referring to the 13 question one that is inside the program, but the full tax organizer pdf that in the help article for 2020. 

I need to create a pdf with schedules 1, A and D

I would like to import backup files from Lacerte 2019 into Proconnect 2019, is this possible, if so, how?

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25-50 individual returns and 3-10 business returns a year are filed

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Hi everyone, Hope you guys had a great Thanksgiving. I need some helps and guidance and hope someone can help me out.Here is the story. My client set up a company because people advice her to, but she wasn't clear about whether it is an S corp or C corp when I talked to her. So later I found out it is an C corp when i prepared her 2020 return, and she is the sole owner and the only member of the C corp. However, her 2019 return (initial return) was filed using S corp form 1120-S.  Now she received a letter from IRS saying that her 2019 return cannot be processed, because it doesn't match. Now i need to refile a 2019 return for her using the correct form. so i have following questions need help with..1. so it is a basically new filing, not amending the 1120-S from 2019, since the form and entity type will be totally different. Will it count as a late filing? the IRS agent said I can attached the letter, and it should help to clarify.2. since 2019 was filing under S-Corp,

Help please! I am new to ProConnect and doing multi year returns for a client.  The distributions on K-1 in Part III box 19 are correctly showing a negative (eg -1,000).  However, in Part II, box L, the partner capital account analysis is adding the distributions to their balance. How it is showing up and calculating on the K-1:Beginning cap: -0- (first year return)Capital contributed: 12700Current year increase/decrease: -8033Distributions: 8035Ending Capital: 12702Shouldn't it show at least a zero basis if not showing the correct math of -3368? How do I fix? Thank you for any help!

The K1 is his company and he's an employee.I entered the K1 details to file his individual tax return.Should it be really showing as taxable in his tax return?Thank you for answering!

The state tax calculated should be deducted as tax expense on page 1 of the form 1120.  Do you have to manually do that?

I want to purchase few of individual tax return 2020 to e-file proconnect tax online and I want to enroll  my credit card  but something wrong.I cannot to print and e-fle.

I cannot buy Tax returns (2013–2020 returns supported) Individual returns, I tried to register my credit card newly to buy it.but something wrong. How can I buy it?

Print my tax return for class training

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