I have a small C Corp this is dissolving with 2 partners. The partners have had their stock since 1998. Based on my research the stipulations are being met for ... read more
There was a buyout and new partners acquired for one of our clients. When entering the new partners, I've entered their beginning and ending percentages as such... read more
Hi, any help much appreciated,Client received a 1099-MISC from a lawyer as settlement for storm damage in Florida. Has $75k in Box 3 as other income. Assume we ... read more
Pro Series in bypassing Form 8949 in reporting sale of stock and securities. My understaning is that because there are more thann 100 transactions. Is there a w... read more
Do any of you have clients who are retired teachers.?My wife is a retired teacher, and boy did we ever get a very pleasant surprise from social security recentl... read more
At the time of his death, the father of my client had an IRA at a bank. The IRA was under a family trust with two brothers as the named beneficiaries The brothe... read more
Does anyone know where the spouse signs the gift tax return giving the spouse consent to split the gifts. The letter says line 18 of page 1 but that is not corr... read more
Facts: T/P's died in 2024, there was only a revocable living trust. Attorney setup bypass trust, by applying for FEIN, however, no assets were placed in this tr... read more
I have a client that opened a corporation (form 1120) in the year 2020. He claims that he has not used this EIN for conducting business. He has not had any inco... read more
Thanks to all of you for help when needed. I do have a question. I have a new client that gave me his fed. schedule k-1 beneficiary's share of income and deduct... read more
I have a 1099 B with federal tax withholding. When I found the place to add it in on the 1099B adjustments worksheet, Part IV, it put in on the 1040 correctly b... read more
I am preparing a 1040 for the first time. This is a long term client but I have never prepared the 1040 before this year. Turns out, they were using ProSeries t... read more
