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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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- How do I enter "tax Equalization / Hypo Tax" on a 1040 return in pro connect
How do I enter "tax Equalization / Hypo Tax" on a 1040 return in pro connect
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mikemac25
Level 1
02-12-2021
10:58 AM
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1 Comment 1
itonewbie
Level 15
02-12-2021
11:26 AM
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That's regular taxable income. If your client has a US employer, these should have already been reported on the W-2. If your client has a foreign employer, you'd need to report these as part of the compensation. Nothing to it.
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