Form 2555 new client living in Portugal since 2022. The prior accountant was taking the full exemption from Form 2555 (2022, 2023 & 2024) even tho all of the in... read more
Client gives me both a W-2 and a W-2C. For inputting into ProSeries, do I need to enter both or can I just enter one which has the corrected amounts.My confusio... read more
Hi, client has done a cost segregation study for a property rented for a few years now. On the federal side, the 5-15yr property is being bonus-depreciated. I u... read more
My client has 2 Form 1095-A's, one for the parent and a separate one for the child. They are different policies. Should all 3 columns (A, B, and C) be entered f... read more
I have a client whose name is on the closing document for the sale of her father's home. At the time of her mother's death in 2020 the deed was updated to inclu... read more
Hi there,Does anyone has ever used this auto electronic withdraw function in Lacerte to pay CA PTE elective payment(Form 3893)? Does it really work well?I just ... read more
Why isn't the Ohio medical care expenses worksheet adding both the insurance and the medical care paid together on the worksheet (no help from an employer)? It ... read more
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
