Can an S Corporation deduct an Executive Bonus Plan or Indexed Universal Life (IUL) insurance on Line 17 of Form 1120S? Are there specific IRS guidelines or lim... read more
ProSeries Basic - How do I input disability when the taxpayer is permanently disabled, I see a check for legally blind but nothing when there is a form of disab... read more
Hi,One of my client put $5000 in TIRA in 2024 for TY 2023 and again put 4500 later for TY 2024. Whole $9900 he converted to ROTH in dec 2024 but there was a bal... read more
My client has 1095A shared with other family member not on the tax return (this tp is 75% and other family member 25%)The taxpayer has excess repayment about $6... read more
My client received a 1099-R from New York State Teachers' Retirement System. I entered it into her federal return. When I went over to her NYS tax return (IT-20... read more
Unmarried couple live together with their shared children. One child was five in 2024, the other was three. Can they both claim a child on their respective retu... read more
I'm getting an error on Sub-S Schedule K-1 worksheet for the CA PTE Form 3804 checkbox. I have checked this box but I receive an error stating the checkbox must... read more
I'm helping a friend with their daughter's taxes. NY resident, worked in PA while in school. I know PA has local tax returns (not filed within ProSeries). Can a... read more
Have an installment sale for a storage unit business and its calculating a large income recapture for this first year. Is there a way to set it up where it will... read more
