Hey all.I've run into a situation where Fixed Asset Manager is not depreciating an automobile. The vehicle was purchased in 2023, and bonus depreciation was use... read more
Hi,I have a client in Colorado that farms land in Texas. During the farming season, he hires contractors to do the work. Last year, his company rented apartment... read more
I don't know if I should announce my retirement quite yet, but when I got home last night I found a letter from a prestigious Toronto lawyer wanting to split so... read more
I need to amend a 2023 tax return, which has already been amended and accepted.Is it possible to e-file. I was told that the IRS accepts up to three e-filings f... read more
Good Afternoon Community,I have a question about selling the asset Construction in Progress. I have a client that is in the process of selling an uncompleted sh... read more
I thought I scheduled the extension payment to be taken out on 4/15/2025. However, it did not happen on that day.My client just called to say that the payment i... read more
Oops, hold on a second. That's what I used to get excited about as a kid. Now I get excited to see how much more I get to pay for ProSeries in the fall. Looks l... read more
UPDATE: So after a while, the ProSeries is able to open but it takes a long time for it open. Normally, it opens relatively quickly after login. If anyone knows... read more
I'm getting conflicting information regarding partnership 401K contributions and guaranteed payments. Should both the deferral and match be shown as a guarantee... read more
We had a payment due with Form 7004 in a trust return that was set to auto withdraw from a bank account. The payment was never taken out of the bank account. Wh... read more
My clients were married in May of 2024. I filed them joint but IRS rejects it. The wife is on herparent's marketplace insurance (she is 21 years old). What else... read more
Client says they have no marketplace insurance and neither do their dependents. I've checked off No Marketplace Insurance Purchased and made sure the ACA Explan... read more
Taxpayer needs to file for tax years 2018 through 2024. The taxpayer's spouse filed separately (MFS) from 2018 to 2022. In 2023, they considered filing jointly ... read more
Taxpayer’s spouse passed away in 2018. The spouse solely owned a rental property, but the rental activity continued to be reported on the taxpayer’s personal re... read more
