after updating, my program crashed. had to get a new computer. Programs were transferred, but I now do not have the licenses I paid for. The live person did not... read more
I'm wondering if someone can help me make sure I submit a form 56 to the correct address. The trust is in MA, however, the home where the decendent lived has al... read more
I had a consistent price increase of 1.0559% since 2016 - and for 2026 renewal they want to increase it to 1.4869 - which is an 8.12 X higher increase compared ... read more
Hello community I hope you all had a good tax season. I have a question that I am sure some of you have had the opportunity to experience.I prepared a 1041 retu... read more
I'm just getting into researching the November 2025Kwong v United States decision by the U.S. Court of Claims, involving penalties and interest assessed during ... read more
HelloI hope everyone is well. I was wondering if there are CPA firms that use the Lacerte Advanced module with unlimited business and state returns. Wondering h... read more
A Schedule C business does not begin for tax purposes until it is functioning as a going concern and performing the activities for which it was organized. IRC 1... read more
Client sold home that was being used as a home office. Had a carryforward from 2024. Can the carryforward be used in 2025, when they no longer have a home offic... read more
If an infirm elderly person transfers her home into an irrevocable trust to protect it from Medicare, does the home get a stepped up basis? When the person dies... read more
Client sent 1099 DA forms ,Coinbase numbers are evidently inflated, including proceeds and lossesQuestion is how do you report it?IRS sees the same 1099 DA from... read more
From Bloomberg News: Santa Claus impersonators are the latest beneficiary of Donald Trump’s new tax break for tips. The Treasury Department and IRS clarified on... read more
TP had rare profitable farm year in 2024. NOL in 2025, but NOL from 2023 was carried forward to 2024 (waived carryback). Has the carryback exception been elimin... read more
I have a client who received short term disability in 2024 from MetLife. She received a W2 from them. She then qualified for SSDI so MetLife made her repay the ... read more
I'm still not understanding so please opine. Is anything incorrect in the following?Taxpayer sets up a bypass trust (long ago)TP dies in 2025.Bypass trust becom... read more