Both forms 7203 and 6198 show that there is no allowable loss, yet Schedule E page 2 reflects the current and prior year suspended losses. This is the final K-1... read more
I have a client that has set up an LLC for either flipping or buying properties to rent. The business is a partner in another business. He received a K-1 naming... read more
I have not done a daycare before. Can someone please help me with where I enter the hours spent cleaning, doing laundry and meal prepping for a home daycare bus... read more
Client is a New Mexico residentFiled extension for federalFiled NR for CaliforniaDesiring to eFile NM resident taxes by 4/30 and pay online in process Retiremen... read more
I am trying to attach the 8822-B PDF file for a 990, per the error, I need to select "Form 8822-B" as the type. That is not an option in type, so I select "othe... read more
I have two clients that are under age 26 and their parents are not claiming them as dependents, but they are covered on their parent's 1095A health coverage. Th... read more
can i efile 2021 federal tax retun using proseries?If I have to mail a paper return to IRS, do I attached the W2?Is there any other way to submit other than pap... read more
It's an enormous amount, letter received from Harris & Harris on behalf of Virginia taxes owed. Client is aged sixty, in poor health, has little money. He owns ... read more
In 2024 filers from several states affected by Hurricane Helene, were allowed an automatic delay to May 1st, 2025, for e-filing. It would be useful to the tax-p... read more
Hey all.I've run into a situation where Fixed Asset Manager is not depreciating an automobile. The vehicle was purchased in 2023, and bonus depreciation was use... read more
Hi,I have a client in Colorado that farms land in Texas. During the farming season, he hires contractors to do the work. Last year, his company rented apartment... read more
I don't know if I should announce my retirement quite yet, but when I got home last night I found a letter from a prestigious Toronto lawyer wanting to split so... read more
Keogh/SEP/Worksheet does not allow for the simultaneous contributions of these two DC-type plans.My client maxes out his combined (50+ years) DC limit every yea... read more
