Deceased DOD: 10/16/24 - 1040 due 10/15/25; extension timely filed1041: electing 645 with fiscal year to file as first and final - due 01/15/26Form 8855 - not m... read more
Can immigrant with green card and full year resident claim EIC and Child Tax Credit if his wife and 2 kids (8 and 16) came in July.? Wife and kids have also gre... read more
o spooky one this late in the game, Have an amended return efiled (did not prepare original, but it was efiled successfully) I can see in efile center ACCEPTED ... read more
Auto Mechanic Client Sold his S-Corp However the sale was financed by him personally of the assets and goodwill. The new owner used his existing business to tak... read more
Does anyone haVE ANY THOUGHTS TO SHARE regarding how the Government shutdown will effect the 2026 income tax season? The last time something like this hapen whe... read more
Hi there,Need to enter R&D credit for a client. Is this form included in the ProSeries Prof?If not, what do I do? Should I prepare this form separately and then... read more
I am happy to announce that this year's shutdown date announced today by the IRS is 11/30/24. Of course, their new commissioner is evidently Emily Litella, sinc... read more
Hello. I am trying to complete 2024 Schedule F using mileage rather than actual expenses for use of my vehicle. I have completed the data to enter the mileage, ... read more
How to reflect the 80% NOL limitation calculation in carryover tax year as Proseries review states they do NOT support the calculation? 2023 1040 taxpayer had N... read more
We've noticed that random clients have phantom NOL and/or suspended loss carry forwards on their 2024 returns that did not exist in 2023. We have also had an is... read more
