If a business was sold in an installment sale, but the business name and EIN stayed the same, how do you report that installment sale on the 6252? I understand ... read more
Hello,Client (owner and employee of S corp) is looking to contribute $23K to the solo 401K as employee portion by year end. The deductions were not made through... read more
Given the 9 month time period to file an estate return 706, I was hoping the new 2024 release would have the 706 return ready. It doesn't. I haven't done a 706 ... read more
Anyone have steps to enter 179 deduction in 1120 Lacerte module? Entered in deprecation screen and only getting the bonus to calculate. Still have $10,000 more ... read more
I have a client that bought a piece of property in 2023, had to put in a well and septic system and then put a prefab house on it all with the intention of rent... read more
Can I file these for my clients?How do I do multiple filings as an Enrolled Agent ?Have clients been notified By the Dept of the Treasury (FCEN) that they need ... read more
Do I need to file late tax returns for a client who is a US Citizen permanently living and working in France as a French citizen? Income from wages is less than... read more
40 year old passed away in 2018 with a 401(k) that is mother is a named beneficiary. She did not reach out to take ownership of the assets until 2024, nor did s... read more
Hello Community,I was asked a question by a client and I did some research but could not come up with an answer. Can you deduct the cost of applesauce or puddin... read more
