I hope this is clear. My client has a brokerage account with LPL Financial and received a 1099 Consolidated statement. The statement includes OID, and interest... read more
Client lost over 500k in an investment scam to an entity in England. Obviously a ponzi shceme, howerve because entity is in England and the FBI was notified the... read more
I have a client that got married in October 2024. His spouse has a child. Can the parent with the child file HOH since they were not married and not living toge... read more
Form 1040 rejected as the dependent was wrongly claimed by another taxpayer (his absent parent) for both form 8863 and the dependency. Error resolution was to g... read more
A 1099-K was issued under previous owner tax ID but the new owner filed taxes using that 1099-K. So therefore, the previous owner received a letter from the IRS... read more
I have a new 2024 client that had a K1 loss in 2023 that showed up on a form 8960 and that loss carried over to the Schedule 1 line 5, lowering their taxable in... read more
Hi everyone,New client was self-employed in 2023. She received a 1099-NEC from a U.S. employer and also earned wages in Canada, where she stayed for four months... read more
It would appear that this is being added to the IRS' MeF which would be a significant improvement.Does anyone know if ProSeries will pick this up for the 2025 t... read more
IN NEW HAMPSHIRE, FORM NH-1120 MUST BE PAPER FILED.WHEN THE APPORTIONMENT TO NH IS "0.0000" [MBS SOURCING / SALES FACTOR] THE FORM DP-80, THE APPORTIONMENT SCHE... read more
Jim-from-Ohio Level 11 ProSeries Professionalposted May 7, 2025Last activity May 9, 2025 by Taxprohere
