Hi, is there a limit to contributing after-tax 401K when switching employers? Client maxed out on previous employer with the pre-tax 401K and made after-tax con... read more
What is the tax effect on someone gifting a non qualified annuity to child? gifter is 70+ years old and child is 50+ years old. Can this be done by adding a rid... read more
I've had three 1040 clients this week tell me that they got a refund check for the underpayment penalty that was calculated on their 2023 return in ProConnect T... read more
I have a small non-profit that pays for sensitive medical costs. Do the donee's names and address have to be on sch O for grants given in excess of $5000? Can w... read more
In 2023 taxpayer moved into rental home. Home rented since 2017. ZERO days rented in 2023 (proseries is giving an error on Schedule E saying must be at least 15... read more
The taxpayer is the only owner of an S Corp. His spouse works part time for this S Corp and receives W-2, but is not a shareholder of this S Corp. The health in... read more
A disallowance per IRC 280A of net rental loss on rental property with -0- rental revenue.Property amounts were input with 224 days available for rent in "days ... read more
Greetings,An associate has a tremendous problem with their eFIN. They have been in practice as a CPA for many years and in good standing all around. In a nutshe... read more
I own a single member S corp. I am also a 50% partnership in a partnership. I'm uncertain to record the K-1 data from the partnership on my S corp 1120s. The k-... read more
From Politico: If it seems like you’re not getting a tax refund like you used to, you’re not alone. The share of taxpayers who get money back at tax time is slo... read more
My client is a chiropractor. She travels to her doctor once a week and says it is for her physical well being related to being a chiropractor. Would this be a b... read more
Hi Intuit community,My clients own two rental properties and I have an Schedule E's for each. They will be itemizing. They submitted their vehicle registration,... read more
Client has a 3-unit property that he reports on Schedule E. In 2023, two of his tenants were approved under the Asylum Seekers Emergency Rental Assistance Progr... read more
I have an odd question. I filed a 1065 for my LLC but filed my 1040 with Schedule C rather today. I know you can cancel a filing so what do I do? Just not worry... read more