Many if not all CA counties require a Business Property Statement to be filed each year. It's a simple report and a small tax. Do you require a client engagemen... 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
If taxpayer sold a rental ( 27.5 sl ), with land ( 0 ) and improvements (5 ddb,) can this be inputted as a bulk sale or should it be inputted separately?
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
I was just preparing a return for a client with $7,387 in foreign passive income, $336 of which was high-taxed, and getting Lacerte to calculate the foreign tax... 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 had extension form prepared and filed by Block- found out it was prepared incorrectly with errors and came to me to complete and file return. How do I at... read more
The following diagnostic is generating: Total functional expenses, Form 990, Part IX, column (A), line 25, does not equal the sum of columns (B), (C), and (D). ... read more
Client has casualty losses from federally-declared disaster in 2022, but wishes to make the election to take this casualty loss in the preceding tax year (2021)... read more
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
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
