Form 7206 self employed health insurance for a more than 2% shareholder of an S-Corp line 11 is being limited to only box 5 Medicare wages, which I believe is i... read more
Client withdrew excess 2023 Roth contribution + earnings in 2024. We had reported earnings in 2023 tax returns. But, he received 2024 1099-R with code "8J" for ... read more
There was a buyout and new partners acquired for one of our clients. When entering the new partners, I've entered their beginning and ending percentages as such... read more
First time with this...tipped employee did not have enough in base wages to pay part of the FICA tax on tips. How do I set this up in EasyAcct to attempt collec... read more
Hello Community!My new client purchases properties with another friend, renovates them and sells them. They each share 50% of the expenses and proceeds.I recomm... read more
client has outside company prepared Form 5471. When e-file his tax return, can I just use pdf attachment to attach Form 5471? Or, do I have to re-enter all Form... read more
I'm trying to access my ProSeries 2022 tax file that has recently been rolled over from 2021 but it's locked. Not password protected, but locked. How can I acce... read more
I am trying to enter three new assets in ProConnect. They are rental properties received in a multi-asset 1031 exchange (All Like-Kind). One rental property sol... read more
Facts: T/P's died in 2024, there was only a revocable living trust. Attorney setup bypass trust, by applying for FEIN, however, no assets were placed in this tr... read more
A client presented a 1099R with the following info:1-Gross dist: $85,2002a Taxable Amount $85,2002b Taxable Amt Not Determined - checked, Total Dist checked7 Di... read more
Hi, any help much appreciated,Client received a 1099-MISC from a lawyer as settlement for storm damage in Florida. Has $75k in Box 3 as other income. Assume we ... read more
I am wondering why I am not able to print the 2024 Client Presentation.I can go to Tools on the menu bar and select Client Presentation and view in Excel, but I... read more
Do any of you have clients who are retired teachers.?My wife is a retired teacher, and boy did we ever get a very pleasant surprise from social security recentl... read more
Excess Deductions on Termination - Non-Miscellaneous Itemized Deductions for interest portion. Prior to 2018 they were claimed by beneficiary as a "2% Miscella... read more
