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
In form 1065 for 2024, schedule L is not picking up the balance sheet information and all columns are left blank, unlike in my previous years returns that had a... read more
I hope someone can assist with an issue I'm having completing an 1120-s:The company has right-of-use lease assets for vehicles and despite entering the informat... read more
If taxpayer sold a rental ( 27.5 sl ), with land ( 0 ) and improvements (5 ddb,) can this be inputted as a bulk sale or should it be inputted separately?
