The overtime amount is not reported on box 14. When completing Part VII, Deductible Overtime,I get a calculated deductible overtime amount, but the qualified ov... read more
Line 59 on the IRA information worksheet is not showing my 2025 ROTH conversion. Every place I try to enter the amount of the conversion, I get a cross referenc... read more
Renter's lease end in 12/31/2024 and did not want to renew. The taxpayer decided to sale the rental property and spend a month fixing up the rental house and so... read more
REGARDING PROSERIES PROFESSIONALY, I AM HAVING A PROBLEM WITH NAMES DISAPPEARING FROM MY EF CENTER WHICH IS A CONCERN SINCE THIS IS WHERE I DEPEND ON SEEING MY ... read more
I have a client that I picked up that sold their business in 2024. The accountant that they used figured 100% of their Capital Gain for the business and they pa... read more
My understanding was that Form 8829 only can reduce income from a business (Schedule C).Gross income is $0Business is in it's first year of operation.Can you ex... read more
Hello Community,I have a tax client that moved here from New Zealand, and owns a rental property in that area. We have been reporting the income and property on... read more
I have two client returns that have been rejected multiple times because the IRS claims they both have participated in AHA program during 2025. I confirmed both... read more
Best practice?New entity filed S election in December, no acknowledgement yet. I see 2 options.1- Paper file the 7004 for an S corp.2- File an extension as a C ... read more
