I have a new client that is a sole proprietor who sells art. She works out of a stand-alone studio on the family property owned by her and her husband. They put... read more
I have an S-Corp that has only asset of "New building" from 1999 set up by previous tax preparer. The client is now selling said business and property the build... read more
Am doing a 1041 for simple trust with 1 beneficiary. Generates tax of $1000+. Income also goes to K-1 creating tax. Without overriding the qualified dividends t... read more
ProSeries did not flag errors on Form 5695 in February, and completely missed energy efficient home improvement credits for many of our clients. I contacted sup... read more
Client K is divorced with two dependents, but can take only one alternating each year. For this year, she can take Dep. L; next year will be Dep. C,etc,etc.Prob... read more
Vehicle was purchased 8 years ago. In year 9 the car was partially (48%) used for business. Years 1-8 had no business use. Standard mileage rate was used in yea... read more
Hi,A client received a 50K bonus in 2021. He left the job and had to return it in 2022. Taking the claim of right credit in 2022 would save him the most on the ... read more
I've noticed all of the pages for the FBARs don't print with the full tax return, just the 114a, but never the 114 (details of foreign accounts). For the few ye... read more
I am having issues with DMS data from one client disappearing and reappearing on another client number. This all started a few years ago when I set up a new cli... read more
What is everyone planning in regard to FTC compliance? Do you have a computer company handling that for you? Will Intuit include something in their software or ... read more
Had a computer meltdown due to a lightning strike on property. Worked with an IT guy to download and restore Tax Pro software for 2021, 2022, and 2023. It is wo... read more
How do I input a sale of qualified small business stock as an installment on Pro Series. I have created the sale of the stock on the 1099-B worksheet and check ... read more