Bloomberg reports: About 20,000 IRS workers—roughly one-fifth of the agency—are taking the Trump administration’s second deferred resignation offer, according t... read more
California filer; s-corp, single shareholder, business is a truck driver, owner operatorClient decides to close down the business in 2024, started in 2021. Clie... read more
I have a client who contributed to a ROTH IRA for his spouse in 2024 for $15K, $7500 for 2023 before 4/15/24 and $7500 for 2024 which as soon as I found out abo... read more
Do I need to dispose of assets on the asset entry worksheet on a taxpayer's final tax return on the date of death, with $0 sales price? The assets are going to ... read more
I have a person who has not filed for 2021. They have W2 and are due a refund. Can this be entered in 2021 ProSeries and then efiled or does return need to be p... read more
Does anyone know how to access RI (Rhode Island) Schedule W in Proseries Online? Or how to add it? I need to enter withholding for a 1099-R that is part of the ... read more
I have a taxpayer who purchased in April 2024 foreclosed property with a 50% partner. The intent of the property was to fix up and flip initially. The title to ... read more
I have a client who took out $10K from their child's 529 plan that was funded by various sources (gifts, etc) over the years. The $10K was to pay 100% of the bi... read more
I have a client that is a crew member on a charter boat, and they pay hum as a subcontractor and issue a 1099. The assignment lasted a little less than one year... read more
There were many more short-term transactions but I am more concerned about the one that had the wash sale disallowed on both, the short-term and long-term trans... read more
. . .doesn't always prevent you from being run over in the middle. From a share price of $715 the week after the election, INTU has dropped to $568 this morning... read more
I’m filing a superseded return for a client who got an updated K1. On the original return, we selected for her one estimated tax payment to be paid electronical... read more
