On 2023 form 6765 for the R&D credit, when electing the payroll tax credit in Section D, the amount on line 44 moves to payroll form 8974, and any unused credit... read more
It seems that there are many fields (carryovers, etc) that are marked with the non-residential state during the proforma process. I'm not sure what this could p... read more
I was recently provided a K-1 by a client for an estate to use in amending the client's 2023 tax return. The estate was opened and closed within the first fisca... read more
Client is 100% 1099 income earner and pays quarterly estimated taxes. Submitted Form 1040 with Form 1040 ES prior to April 15, 2024 and first quarter tax paymen... read more
They claim it was successful this year, and next year there will be no limit on the number of states that can participate in IRS direct file. This is starting o... read more
Where so you put the business usage/percent for an asset that is used both for business and personal? I see the column on the depreciation schedules but I can n... read more
Single TP 40 years old meets the income qualifications to take the EIC. PS is calculating the EIC.TP earned W-2 wages while in a half-way house. My understandin... read more
Hi to all.I am going to file Form 7202 for a new client to claim the COVID-19 credit on her 2021 1040-X. She received unemployment benefits from the California ... read more
Hello, is anyone familiar with a tax return for real estate properties held under 3 separate LLC's using Proseries for a CA return? Not sure how to get the syst... read more
The following diagnostic is generating: efile: This return is required to calculate the PTC and Reconciliation of Advance Payment of Premium Tax Credit using th... read more
My EFIN application used my home address, but my business mailing address is different. The software uses my personal address, but I don't want that on the retu... read more
My client extended his federal return and electronically paid $12,000 which was successfully withdrawn. Upon completing his return, he owes an additional $751. ... read more