Hi,A client received a 50K bonus in 2021. He left the job and had to return it in 2022. Taking the claim of right credit in 2022 would save him the most on the ... read more
For some reason I cannot access the EF Center. I click the EF home icon and nothing . . I pull down the HomeBase View and EF Center in not there. We changed own... read more
Hello everyone,I have a client who happens to be a long haul driver. His truck reached the last year of depreciation over the 5 yrs, 2022 was 5th year meaning i... read more
Hello - I am working on a return for a married couple. Both had HSA contributions on their W-2. His was $3,750 and the plan was self only. Her's was $7,750 and ... read more
Hi,As we know, for C Corporations in New Jersey, which ended in July, we have to split the state return into two years. I just switched ProSeries from Drake bec... read more
I was unable to transmit e-files yesterday and thought it was due to the holiday. This morning I am having the same problem; I am able to convert but unable to ... read more
I understand that the shareholder has a L/T cap gain, but I'm confused about how to report this on the books and return. What is the entry on the S Corp books? ... read more
New biz client. Tax return reports cash basis but they've actually been using the accrual basis. If I do a 3115 it will have zero effect. Hoping someone will te... read more
I do not do many CA returns so any assistance would be appreciated. My client owns two rental real estate properties, both in CA, and had loss carryforwards on ... read more
HelloA client received a K-1 from an estate for 2023 tax year, however the amount is roughly $25k off. The accountant and the executor are not accepting or retu... read more
Hi,I have a corporation that will file a 2023 1120 tax return for thefiscal-period from 04/23-03/24. The corporation sold a rental property it owned on 01/24. S... read more
I sold my house that I used 10% for income tax business for 19 years. Depreciation taken through the years was $11,564.Can someone give me step by step instruct... read more