client has box 14 state pickup (5928.13) Federal wages (94574.89) no problem yet. State wages are (100503.02) Which equals 5928.13+94574.89 = 100503.02 How do I... read more
I have a couple that is wanting to file separately but they have a joint 1095A form. Can you file this on just one or do you have to separate the amounts betwee... read more
Hi,Client buys and sells items on ebay. Should COGS be calculated per an inventory method (average price, specific cost etc), or can he claim all he purchased e... read more
Hi, I have a client whose property consists of a main unit and an ADU unit (previously a garage). It's rented to different long-term renters. In June, he moved ... read more
My client has Schedule C income of $25K but no S/E tax is calculating. Sch 2 Part II Line 4 says "Exempt 4029." This is not correct because the 4029 box isn't c... read more
I have a partnership that owns condo's in FL that were damaged by Hurricane Helene and Milton hence they had to pay out of pocket expenses to a contractor and s... read more
I have a client that received a CP 89 Notice for tax year 2020 showing the same negative beginning and ending balance for period 09/11/2023 to 11/09/2024. The s... read more
Yes, this is a good one. She is not the smartest. She had one of those pop ups telling her her computer was hacked...long story short they convinced her to drai... read more
Error readsIncome Tax Return for S Corp: Total Net Income should equal the ordinary income amount on Schedule K Worksheet Line 1, Arkansas Amount column. Enter ... read more
Office of Personnel Management (OPM) officials met with agency leaders across government Thursday and directed them to begin firing employees still in their pro... read more
Married couple domiciled in Georgia but spouse works in New York with the bulk of the income. Both have Ga licenses. Spouse is in NY 50% of the time. Can the sp... read more
I have a new client who was diagnosed with dementia several years ago. Unfortunately, they do not have immediate family. Luckily, one of their long time friends... read more
My understanding is that the energy credit for leased solar panels goes to the leasing company and the customer is not eligible for the tax credit on their 1040... read more
IRS wants my client to take a loan from her 401k. Client adamantly refused as this is her only remaining savings. The IRS would not accept the agreement until s... read more
