I don't know if I should announce my retirement quite yet, but when I got home last night I found a letter from a prestigious Toronto lawyer wanting to split so... read more
In 2024 filers from several states affected by Hurricane Helene, were allowed an automatic delay to May 1st, 2025, for e-filing. It would be useful to the tax-p... read more
Hey all.I've run into a situation where Fixed Asset Manager is not depreciating an automobile. The vehicle was purchased in 2023, and bonus depreciation was use... read more
It's an enormous amount, letter received from Harris & Harris on behalf of Virginia taxes owed. Client is aged sixty, in poor health, has little money. He owns ... read more
Hi,I have a client in Colorado that farms land in Texas. During the farming season, he hires contractors to do the work. Last year, his company rented apartment... read more
Oops, hold on a second. That's what I used to get excited about as a kid. Now I get excited to see how much more I get to pay for ProSeries in the fall. Looks l... read more
Client says they have no marketplace insurance and neither do their dependents. I've checked off No Marketplace Insurance Purchased and made sure the ACA Explan... read more
I need to amend a 2023 tax return, which has already been amended and accepted.Is it possible to e-file. I was told that the IRS accepts up to three e-filings f... read more
Keogh/SEP/Worksheet does not allow for the simultaneous contributions of these two DC-type plans.My client maxes out his combined (50+ years) DC limit every yea... read more
Client qualifies to treat rental losses as non-passive and offset the loss against regular income. The rental is a short term rental & the client actively & mat... read more
Good Afternoon Community,I have a question about selling the asset Construction in Progress. I have a client that is in the process of selling an uncompleted sh... read more
Hello,I worked on a trust that owed both federal and state tax. The state tax was taken on 4/15/25, but the federal tax was not taken. The federal should have b... read more
I thought I scheduled the extension payment to be taken out on 4/15/2025. However, it did not happen on that day.My client just called to say that the payment i... read more
Taxpayer’s spouse passed away in 2018. The spouse solely owned a rental property, but the rental activity continued to be reported on the taxpayer’s personal re... read more
