Good client and friend died many years ago. The attorney prepared all relevant federal and state estate/inheritance returns and properly closed the estate years... read more
Client is self employed and for all of 2024 purchased health insurance through the exchange. ON the1095 a input sheet i have linked the exchange policy to the s... read more
How to delete a "Critical Diagnostic" asking for Form 8958 information when "single" is noted as the filing status, not MFS.or RDP? All the income is noted as "... read more
I want to pay the late file penalty when I efile the 1120S return, but I do not know where to put the payment on the return.I also went to IRS.Gov to try and ma... read more
I put zeroes in the box to the right of the federal amounts but the amounts still flowed to MD return. A MD passive loss carryover is shown in the carryovers se... read more
I have a taxpayer who won money from gambling and received a 1042-S in lieu of W-2G, using foreign passport as identity.How do I enter Form 1042-S onto his 1040... read more
I am preparing an initial 1041 for a Family Trust.The income is reported on Form 1099-R, along with Federal income tax withheld (box 4).Question:1) can the Fede... read more
Phil Collins "I Don't Care Anymore" and Jackson Brown's "Running on Empty" played on repeat this entire week.And one more - Tevya's "If I Were A Rich Man".
I am seeing payments being applied on the 1040 for excess social security and medicare.I can't understand if these amounts are automatically flowing and how to ... read more
Has anyone else noticed anything weird on Form 1041, Page 2, Schedule B, Line 3? The entry is supposed to be the capital gains allocated to the beneficiary on S... read more
My client has 1095A shared with other family member not on the tax return (this tp is 75% and other family member 25%)The taxpayer has excess repayment about $6... read more
Folks:Client has a 56 square foot home office in a home that is 2440 square feet, meaning that his office takes up 2.3% of the house. The house's basis is $591,... read more
