I am seeking clarification regarding the taxability of interest income on U.S. Treasury Bills for a nonresident alien. The taxpayer is a nonresident alien filin... read more
My client is a legal U.S resident and, in 2024, she received $50 bonus for opening a new bank account. Last month, the bank issued a 1042-S.I am confused on wha... read more
Hi tax experts,I am getting a new client who needs help to pay his LLC's estimated tax quarterly. He will prepare a spreadsheet for the profit and lost / P&L. H... read more
I was using Proconnect under someone else's account. Now I am filing taxes of my own. How to purchase this software? How can I retrieve the past year tax return... read more
PTO's 1041 software doesn't have input screen for "Percentage of tenant occupancy if not 100%".Also, input screen is not available for indirect expenses, even w... read more
Hi. My husband and I have an S-Corp, we are both officers/shareholders, 50/50.Late in 2024 we sold/disposed of most of the equipment. Do I file the 1099-DIV for... read more
Client has a rental 50% rental 50% personal the first two years the depreciation was calculated off the total basis not prorated to 50%. How can I correct this ... read more
Client is a young child with a Special Needs Trust. Unearned income exceeds limit so he files a separate return. Trustee Fees are significant, > $22,000. I k... read more
My client asked why no option to upload documents from their phone here, by scanning a QR code on the screen, which then allows them to snap a picture, or uploa... read more
Whether Form 114 and Federal&State returns are to be efiled simulataneoudly? or those two being to different Agencies, each of them are to be efiled separatel ,... read more
Hello All. This is my first year doing tax returns on the side. I want to efile only about 5 tax returns in all. I do have a PTIN. I input my first client's ret... read more
My client has a rental property. He has passive loss from previous year. He sold his property with loss this year. I cannot get Form 8582, but I get Form 172. C... read more
