The client has $60,000 in wages, all of which are excluded under the Foreign Earned Income Exclusion on the 2024 return. The passive activity loss carryover fro... read more
I have a client that started an S Corporation in NC on 2/14/2025. We filed a form 2553 dated 2/28/2024 for an S corporation election. Do I need to file an 1120 ... read more
Hello,I have an elderly client with a Charitable Trust that her son manages, however, she is still the trustee. She received a penalty letter from the IRS (over... read more
Client, a professor, paid $32K in legal fees against his employer. He received a settlement of 75K, which broke down as: $15K reimburse legal fees, $22K back wa... read more
Hi all,I have a client who has an installment sale on her return. She reported to me that it was paid in full with a balloon payment. The payment was evidently ... read more
Client just received from Comptroller of Maryland $85 tax refund from 2008. No explanation. Client wants me to trace why. Sorry, don't have records going back 1... read more
Taxpayer received $96,000 in a lawsuit as an independent contractor. I'm assuming thelawsuit proceeds are taxable as self-employment income and should be report... read more
I tried resetting the password and said "no account found."I was on my account, and for some reason, I tried to sign in again, and it said wrong info, and when ... read more
After the recent 2025-09 Microsoft update to my Windows 10 machine, I can't get into ProSeries. Says to uninstall and reinstall .NET Framework. Have tried all s... read more
