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
I have a client who sold his business, LLC-tax class S Corp. I'm preparing his personal tax return now. I have entered in the amount that he sold the business f... read more
Tennesse Repealed a major part of their Franchise Tax . See2024franchisetax (tn.gov). These are major refunds.Tax payer's will be allowed to amend 2020 and late... read more
the parents received a 1095A with their child on it but they did not claim her as a dependentthe IRS has rejected the childs return asking for a 1095A she doesn... read more
Hello,I am using Proseries and working on 1040NR. My client has income from rental. I remember seeing the check box for income not subject to withholding tax, w... read more
I entered a business vehicle on 2012 Schedule C (car and truck worksheet) with 5 year recovery period but system continues to depreciate after 11 years. Why?
The client filed head of household for 2023, her parent was a dependent. Only residents in the home are the client and her mom. Client is unmarried.Mom died Mar... read more
Looking at deduction on Schdeule A for this repayment client made to employer. Is there a certain line on Schedule A that it goes on? Looking at program thinkin... read more
Does anyone know how to get ProSeries to include a Sect 754 asset in UBIA? I've had to manually override the Partners K-1 info, but ProSeries will not allow me ... read more
I have had problems all season with amounts being added back as additional income on Maryland returns that are just wrong. I resorted to overridding the system ... read more
Anyone still going fairly strong? I still have a lot of extensions to work through as well as my business accounts to take care of. Post tax season I schedule f... read more