Clergy is provided with use of a parsonage with fair rental value (FRV) for the year of $12K. The amount is subject to SE tax, but not income tax. On his FW-2 i... read more
WHY??? Why does the ability to efile a return close before the deadline to request a refund? I have a couple people filing 2022 returns and are due a refund, bu... read more
I have a question regarding the State and Local Tax Deduction Limit – Smart Worksheet in ProSeries.On line 9, the worksheet instructs to “enter the larger of th... read more
But I signed the form last year, why do I have to do this every year. Can't it just be a forever form?In the TV show The West Wing Toby had a line,"There is lit... read more
Missouri returns have been rejecting thru Proseries based on Capital gain losses on one spouse, but gain on other spouse. They are allocated to correct spouse. ... read more
I have two questions regarding the deductibility of long-term care expenses for taxpayers with dementia and would appreciate any helpQuestion 1:A taxpayer with ... read more
A client's return was rejected because of the matching with the marketplace insurance. This client had a portion of the policy allocated to him in 2024 (he's on... read more
Thanks for the help so far.I have now completed all the work for one JOINT California RDP return, and two SINGLE federal returns, with income split according to... read more
The issue is that when you tell ProSeries to make automatic withdrawals for estimated payments, those payments do not show up on the following year pro-forma. S... read more
New client has a new Schedule C business in addition to the Schedule C business he had in 2024.He transferred an auto purchased in 2024 and took $12,400 Sec. 17... read more
A client bought a lot and built a home to sale for profit. The home sold in 2025. In the past this type of endeavor was reported on Schedule C with self-employm... read more
