Hello,I've been reviewing IRS limits on over 5k donations of a non-cash donation to an NFP which I understand to be 50% of AGI. However, if it is a MFJ situatio... read more
Hello,I was just informed that an amended return I filed for 2022 under reported the quarterly tax paid and I need to file another amended return for the same y... read more
My client took the standard deduction in 2020 but still made some charitable deductions that I'm hoping to carry through to 1040 line 10b. I've put the contribu... read more
I have a partnership K-1 with the following reference "Schedule K-1, Line 13, Code ZZ."A brief description: "Pass-Through Entity Tax - NY; reduces Line 1, Ordin... read more
Hi, this is the first year filing form 100 for CA stock corporation. The software is calculating $800 fee for this first year. I thought based on the link below... read more
I have a client and her husband, whose entire income is derived from interest, dividends, and capital gains (not taxed), plus a retirement income which is taxed... read more
Taxpayer has tax exempt interest which must be added in on M1M which flows to line 2 of M1. Proseries is taking line 1 - line 4 to get Minnesota income. It shou... read more
I have a client who has a business and in 2023 bought a portable metal building that now uses as a working shop. This one is easily movable. He also bought a... read more
I have had an incredibly difficult year trying to file short year and 2 years for the same calendar year for non-profits. I spent 15 hours this summer with pros... read more
Hello,I have clients who have recently inherited assets and are interested in setting up a non-profit and/or foundation for the performing arts in their area. T... read more
I have a partnership where ownership is 50/50 split. However, they "eat what they kill" so the profit is based on what they bring in. To complicate matters a bi... read more
Hi to all,For tax year 2021, ProSeries does not support direct deposit. How can my client arrange for direct deposit with the IRS? Can I attach a letter written... read more
Hello,I e-filed 1099-NEC with 10 contractors for my clientOne contractor with 1099-NEC is $0 instead of $21000 that was issued and e-filedPlease tell me how to ... read more