In case you missed it: But we held strong and with the Great Big, Beautiful Bill, we gave you no tax on tips, no tax on overtime and no tax on Social Security f... read more
Can income be deemed to be US sourced and foreign at the same time? I have a newly arrived client from UK. Certain vesting income is on their W2, with taxes wit... read more
I have a client that claimed the American Opportunity Credit for 4 prior years, but their AGI was higher in those years. This year it is much lower and they had... read more
I have a first year S Corp client filing their 2025 1120-S with unpaid accountable plan expenses for the 2 owners. Is there any way to deduct these expenses in ... read more
Hello, everyone.I am very sorry to ask you this kind of question.My client issued payroll for himself.He is a Schedule C self-employment.Can he issue it?If you ... read more
Are payments for health insurance and long-term care insurance for a self-employed individual’s spouse deductible as SE health insurance, even if the policies a... read more
Taxpayer went from being a dependent / student in 2024 to a single taxpayer with college tuition expenses in 2025. In 2024 I prepared parents tax returns showin... read more
I have a client that supported his 20 year old college girlfriend. She did live with him all year. Her W2 Box 1 wages are $5154.00 (under the $5200.00 limit to ... read more
It use to be under tools, options, General, Navigation. there was a check box, no long there? ProSeries is becoming more and more unreliable as time goes on.
Yesterday, the President signed a bill that overrules DC's nonconformity to various OBBA provisions. https://www.congress.gov/bill/119th-congress/house-joint-re... read more
I have a client whose parents had grantor trusts.They have passed away, so the trusts are now irrevocable. The trusts were set up in AZ and the grantors died in... read more
