Client rented his personal residence for 10 days to an outside company. They gave him a 1099 indicating it was rent. I was going to list that under Schedule E, ... read more
Is anyone having issues with payments to IRS on tax return taking a long time to be withdrawn from the client's bank account? I have accepted 1040s and 1041s wi... read more
Taxpayer wants to avoid being taxed on part of the gain on sale of personal residence. He wants to not take depreciation on business part of home. My understand... read more
Taxpayer was self employed first half of the year. Second half he was both self employed and employed working from home. Can he take a business use of home for ... read more
Anyone have any good custom strategies that they've added to Intuit Tax Advisor? Playing around with the program some more to get used to it, little clunky to w... read more
I filed a return with the option to direct debit estimated taxes. The filing date was 4/16, but the estimate date is 4/15. Does anybody know if the IRS and/or s... read more
Amending a client's 2021 tax return within the amendment deadline, but the e-file season was closed, and the submission failed. Then I found the 2 year e-file d... read more
I cannot get the 743(b) adjustment to show up properly on the 1065. The schedule L is including the assets K-1 does not have anything in Box 13. I cannot get Sc... read more
Does Los Angeles County Residents still have to file the Extension For 4868 even though they don't have to file the 2024 tax return until October 15, 2025 under... read more
I have a question regarding capital losses reported via K-1 from a passive investment.Last year's return includes passive losses from two separate investments (... read more
When i enter the sale of a home I'm not getting the $500,000 (MFJ) exclusion and it's showing a capital gains tax. here are the details:Home acquired: 1/6/16Hom... read more
