I have a non resident alien client (F-1 Visa) with a W-2 that has FICA taxes withheld. I filled out the NR section in Miscellaneous forms. I have to problems no... read more
Does anybody know if there was massive escape from a lunatic asylum today? Based on the phone calls and e-mails we have received today, that's the only logical ... read more
Client married in Nov 2024 but wants to file MFS. Clients live in Texas. They do have a prenuptial agreement which keeps separate property, ie, other spouse has... read more
Two things:1) ProSeries is limiting depreciation to basis. But depreciation is greater than basis. Disposition of Vehicleslines 54 thru 59 isn't working correct... read more
Client came from another tax preparer.Taxpayer is Virginia resident and spouse is Minnesota resident and their W-2 reflect accordinglyMN Dept of Revenue clearly... read more
Do you inherit the depreciation schedule of an asset when the asset comes with a business that was bought, or do you revalue the asset at its current market val... read more
Taxpayers lived in Illinois the entire year of 2024. Filing status MFS. Spouse W2 State of employment is MS although both lived in IL the entire year. If I comp... read more
Filing status is MFJClient is 36 years old.Opened the Roth IRA in December 2020 and his contributions from that time to December 31, 2023, were $4,405.During 20... read more
