Hello All:When is a schedule E loss not deductible. I don't do a lot of returns with rental properties. I set up a new rental property for a client, it calculat... read more
Hello All:I have not used an e signature yet this tax season. Tried to use my first one today. It seemed easy enough to request an e signature, then I got to a ... read more
Client purchased a soda vending machine business for $10,000. How is this accounted for on the tax return? Is is just not recognized until the business is sold ... read more
Working on an S-corp. That the primary business is rental properties. They have purchased some heavy equipment for the corporation when I set it up on depreciat... read more
I have a limited partner in a partnership with ordinary income box 1 equal to se income box 14a on the k-1. Down below in box 13 is a sizable Sec 754 depreciati... read more
I need help with Pro Series. I have a couple whose husband is active in the military. They both live in Alabama. I file jointly for them this year. The husband ... read more
From my understanding and reading IRS documentation, Single Filers who file with only a Schedule C are afforded the Earned Income Credit. I have a client who on... read more
I have a K-1 (1065) with a loss ($-2970) on line 2; Line 5 is $26; Line 20, code A - $26; code N - Sch K-1, Line 2 Business Interest Expense - $1645; and code A... read more
No longer printing 1120S return completely, stop at Sched L, no support stmts, no K1's, no state. Says it is saving to the PDF folder, but nothing there. Update... read more
Hi, My electronic submission of CA S Corporation return was rejected. CA wants "APPLD FOR" instead of "APPLIED FOR" for CA Corp. No. when there is none. ProSe... read more
Does the NC-D400 Tax Program calculate the NC NOL amount. The program adds back the federal NOL on the NC-400 but does it calculate the NC NOL on the NC D-400 t... read more
Filing extension. Client prefers to mail payment instead of paying electronically, so they will be mailing their payment with Form 4868. Should I still e-file t... read more
My Pastor has $5K to his 403 B and I think he should be able to deduct that amount ... but I cannot figure out WHERE to put the contributions on the IRA Contrib... read more
