A complex trust has a foreign tax credit of $190 from a 1099, and I want to ensure it is entered properly to pass through to the beneficiary. What is the proces... read more
Taxpayer and spouse each had IRA accounts. Taxpayer died in 2023, spouse is beneficiary. In April 2024, deceased's account was liquidated and assets transferred... read more
Hello.My client will change the tax filing period ending from January to February.I will file their tax return of the ending 1/31/2025 soon.Is next filing perio... read more
I see a statement that tells me the amounts that have been used and by year for my NOL.I want to print out the report that shows, by tax year, the amount that m... read more
I entered the account number incorrectly and although the tax return was accepted, the money can't be deposited into the correct account.I want to know what hap... read more
The District of Columbia extension payment was set up to be pulled from the account on 4-15-2025. As of 4-30, it has not yet been paid out of the client account... read more
Trying to get a handle on recapture vs unrecaptured depreciation on rental building. It is SL 27.5 years. Dispositions input asks for: 1- recapture excess over ... read more
"Solution:This return has been rejected by the IRS because one or more of the Qualifying Child SSNs on Schedule EIC has already been claimed on another return. ... read more
I would like to ask for guidance on limiting a partnership loss reported on a Schedule K-1.Background:My client is a C-Corporation that holds an ownership inter... read more
My efile got rejected because I had to Override the Business Income Deduction that was being automatically deducted on the Ohio return. This income is correctly... read more
- You make quarterly estimated payments and elect to make the last payment paid on 12/31 (no other choice).- Next year you treat the estimated payments as paid ... read more
