Line 56 is too large. for disposition calculations, depreciation cannot exceed business basis, Please see tax help for this field. Where is the Tax Help on the ... read more
The company operated as an S corporation through 2019 and converted to a C corporation in 2020. It has approximately $300,000 of undistributed earnings from its... read more
Greetings!Hope everyone survived tax season. 🙂I'm working on an ex-pat return. Client messaged me today and had the following question after reviewing her Norw... read more
2024 Pro Series Professional calculates these amounts on theLate Penalties and Interest Worksheetin the client's federal return.To get these amounts to calculat... read more
I have a client whose shareholder is going through an IRS audit related to a distribution. The taxpayer did not take a shareholder's salary during the year. The... read more
Hi Teams,I set up electronic withdraw for my client's 2026 estimated tax(1040-ES), and then e-filed his 2025 return.However, I noticed that the e-file activity ... read more
Hi, I am receiving an error message for the date to withdraw payment for state return - VA pass-through entity for Sub S Corp. The error is blocking me from efi... read more
Now that 4/15/26 has passed, I am back on the extensions. Is anyone having issues with printing? The letters print off page to the right, certain forms are not ... read more
Multiple clients moved in or out of MD. Did part-year apportionment on Fed worksheet. 2nd state transferred properly to that state return. MD's info did not tra... read more
Hi,I need to file a 2023 amended tax return for a client. The original return did not include the following items:Net operating loss (NOL) of $31,495 (from 2005... read more
When I get a new tax client, I always create the previous years tax return in Lacerte in order to produce a tax organizer with the previous years tax data. Sinc... read more
Good day everyone,I am trying to figure out how to amend a tax return for a client. The wrinkle is it is a first year client and he's asked me to amend a return... read more
I have searched and searched and am not finding it. Is there a state allocation worksheet for Proseries Professional? I have an S-corp client with most of their... read more
