When trying to enter the items that need to be changed for an amended return (1120S) and selecting 'change items' from "Other Forms > Amended Return"the firs... read more
As far as tax planning is concerned. Why won't you help us discover those clients where a simple IRA move would help them lower a Tax bracket? You can say its e... read more
I am preparing a 990EZ and am getting a diagnostic error (REF#58582) to file a 990-T but I have no UBIT income. The diagnostic indicates return will be rejected... read more
Can taxpayer elect to deduct different amount than total investment interest expense?? Here is scenarioTotal investment Income ST capital gain152KTotal investme... read more
It appears that when you extend an individual return, it automatically calculates a state failure to pay penalty based on a filing date of 10/15. So you need to... read more
I have a Kentucky taxpayer that pays $650 to North Carolina through a NC K-1. I can get the credit amount to come through the Kentucky return but it will not al... read more
I completed a tax return, printed it and when I went to change the status, it was no longer in the program. No evidence, no tax return. How is that possible?
Hello.My client got income from Insurance company due to Disaster for his rental property.He got $100K from insurance and used $50K to fix his property.I am try... read more
Hello,I filed a 2023 return for a client reporting her IRA contribution as a traditional IRA. In March of 2025, client's financial advisor informed me that he h... read more
