Two clients NJ estimated tax payments for 2024 did not process through the clients' bank accounts on June 17 and are now delinquent, had one client pay via dire... read more
Client has two accounts with same brokerage house, online accounts I believe. One is a retirement IRA account and the other is a regular account. The client ask... read more
I have an S-Corp that has only asset of "New building" from 1999 set up by previous tax preparer. The client is now selling said business and property the build... read more
Am doing a 1041 for simple trust with 1 beneficiary. Generates tax of $1000+. Income also goes to K-1 creating tax. Without overriding the qualified dividends t... read more
Hi everyone.A new client came to me to file Form 1040-X regarding unreported cash income for 2020, 2021, and 2022.The cash income amounts to around $7,000 for e... read more
Taxpayer was the beneficiary of a life ins policy. Tp was under 18 when it was taken out, and now 24, so the insurance company says her mother has to get the di... read more
Hi all,We just recently moved to a new server on our network. I wanted to know if there is a way to change the data path to the new server or if I need to unins... read more
Hi to all.I am going to file a 2022 tax return.Client first leased a car and then purchased it in 2022 (Nissan Leaf year made 2020)Can she take EV credit as use... read more
Hi everyone,Client stopped using their home office, so depreciation should be stopped. However, he is still working as self-employed and will receive a 1099-NEC... read more
Hi everybody.My client has a Tesla and drives for Uber. He drove 45,000 miles in 2023. Can I consider the standard mileage rate (miles * 65.5 cents) for him, gi... read more
It's Sunday and I think Sven and Ole are in church today so I didn't want to bother them and ask them to tell me a story. So here is some filler that I think wo... read more