Hi there,Is anyone familiar with the Employee Emergency Fund (https://emergencyassistancefdn.org/relief/)?A client of mine is looking at setting up an Employee ... read more
Hello Intuit/Pro-Series Team,I am writing as a long-time and loyal user of Pro-Series Professional software to express my deep frustration with the recurring is... read more
Hi everyone - can you knowledgeable folks recommend a good book on S-Corp taxes? The books on Amazon are too cursory and seem to be aimed mostly at folks who ar... read more
I have a client who created an EIN for a irrevocable TRUST which was created from a revocable Living Trust after the death of the owner of the Living Trust.The ... read more
I have a owner of a business 1120-S that is selling it's business to a third party with payment terms over a 36 month period. They are selling the business truc... read more
I'm a newer tax preparer, so any input would be greatly appreciated.Has anyone ever converted accumulated NOLs to PALs on a current return instead ofamending pr... read more
The taxpayer is 64 years old and is a general contractor. he is winding down his business. He is a sole proprietor. His 2022 net income was $125,000. His 2023 n... read more
TP has a S Corp K-1 with a $10K 2024 profit and F 7203 shows $4K allowed loss carryover.Per all the instructions and posts in the Community, I thought I could r... read more
I am in the process of filing forms for an estate in MassachusettsThe assets at death of the second parent to die were transferred from a revocable Living Trust... read more
lacerte says the following:In order for an e-filed return to be considered timely filed, it must be filed by 11:59PM in your respective time-zone on the defined... read more
Hi, all,I have two Texas SMLLC returns* to file via Lacerte. There is no indication in the Lacerte letter that the owner has to sign anything when I e-file. Is ... read more
Hello Everyone,I would like to ask if sending Form 8832 for a C-Corp election by fax is an acceptable method of filing. The instructions only provide mailing ad... read more
I have a CA return with multiple rentals, a sch C and points going to Sch A. The depreciation adjustment per the forms 3885A is $8,172 but on the Sch CA it is $... read more
S corp client had two equal shareholders (A & B). On 7/5/2024, A purchased B's membership interest for $340k making A the sole shareholder.Would the $340k go on... read more
