From a Tax Court decision today – taxpayer is from Georgia. Since 1995 petitioner has been working as a freelance writer, writing movie reviews. In 2019 petitio... read more
Do we enter the 1099-G for the Parental Choice Tax Credit from OTC on screen 14.2? I entered it there but it is being treated as if it were a state income tax r... read more
Billionaire tech mogul Elon Musk posted Monday on his social media site that he had “deleted” 18F, a government agency that worked on technology projects such a... read more
I'm getting a strange error trying to file a 2023 return with interest and penalties. I have selected Electronic Funds withdrawal but it won't let me include th... read more
SCorp Shareholders have a set salary with a portion withheld for 401(k) elective deferrals that reduce Box 1 wages but added in to Box 5. They also have SCorp m... read more
I have a client - couple filed MFJ in 2023. Husband was listed as taxpayer. For 2024 the wife decides to file a MFS return through Turbo Tax. She has already re... read more
I am quite pissed about the new way Intuit has found to further enrich itself from customers from the new $100 advanced users fee. The cost of each return was h... read more
Preparing a return for client and Proconnet is not calculating the social security taxable correctly. Off by 30K plus. Worksheet does not even appear with the r... read more
A Corporation is required to pay the shareholder that owns 69% of the corporation a fair rate of $8,500 per month for rental of a business building. The corpora... read more
Hi, Everyone. I have a client who received a W2 and wants to add his vehicle as a write-off for use during the job. He wants to write off examples, mileage main... read more
A customer gives my client (with S-Corp filing) a check of $300,000 for a construction project and a promissory note of $100,000 as a loan. Total check of $400,... read more
I have acquired a new client with multiple depreciable assets. I have been transferring the information from the prior tax year (2023), which I believe was gene... read more
Has anyone had their Lacerte access completely deleted due to an update from an email on January 3, 2025, "...LINDA NEVIS has requested access to Connected Serv... read more
