MD passed a law whereby the entity can pay a state tax on resident members and take a Federal tax deduction, thereby bypassing the SALT limitation. The IRS approved this method for MD.
ProSeries did their final form MD 510 update today (printing yes, Efile no). Efile will happen Feb 5th. I see an error that Form 510 Line 20 is refunding entire tax payment when there is no refund allowed. It just passes through to the K-1 owners. Am I incorrect or if correct, how do I tell ProSeries of their error? I cannot get through to anyone on the phone.
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Thanks, but how do I contact him?
The @Orlando grabs my attention 🙂 ..
I don't know much about content, but know who to ask.. stay tuned
Thanks for jumping in Orlando.
Hi, dascpa,
Thanks for reporting this. The development team has confirmed it is an issue. A fix will be made and released this week.
Thanks,
Stephanie
I wish you get get refunds on MD Form 510, or at least have them applied to next year estimated tax.
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