Hi everyone.A new client came to me to file Form 1040-X regarding unreported cash income for 2020, 2021, and 2022.The cash income amounts to around $7,000 for e... read more
Taxpayer was the beneficiary of a life ins policy. Tp was under 18 when it was taken out, and now 24, so the insurance company says her mother has to get the di... read more
Hi all,We just recently moved to a new server on our network. I wanted to know if there is a way to change the data path to the new server or if I need to unins... read more
Hi to all.I am going to file a 2022 tax return.Client first leased a car and then purchased it in 2022 (Nissan Leaf year made 2020)Can she take EV credit as use... read more
Hi everyone,Client stopped using their home office, so depreciation should be stopped. However, he is still working as self-employed and will receive a 1099-NEC... read more
Hi everybody.My client has a Tesla and drives for Uber. He drove 45,000 miles in 2023. Can I consider the standard mileage rate (miles * 65.5 cents) for him, gi... read more
It's Sunday and I think Sven and Ole are in church today so I didn't want to bother them and ask them to tell me a story. So here is some filler that I think wo... read more
How do I input a sale of qualified small business stock as an installment on Pro Series. I have created the sale of the stock on the 1099-B worksheet and check ... read more
all the Acc. Dep. from the initial property.I can't enter the AccDep in the new Asset Wks since PS won't allow AccDep for a property "acquired" this year.Also, ... read more
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