We've put together a list of resources to help with the most commonly asked questions during this time of year. Check out What's popular in Hot Topics for ProSeries | Lacerte | ProConnect
We've put together a list of resources to help with the most commonly asked questions during this time of year. Check out What's popular in Hot Topics for ProSeries | Lacerte | ProConnect
Down to the wire.... Sunday is the first day I will not be at the office at 6 am to see clients in many weeks. I won't say how many returns I have prepared as I... read more
I have a client whose uncle died with an estate plan setting up a grantor trust for my client. The client has now received a 1099-composite in the name and EIN ... read more
Graduate student received Form 1099-Q as recipient, but not designated beneficiary. She used the total amount for her tuition and fees. My problem is that I can... read more
a friend was a cosigner on a student loan that went into default- the friend paid the loan- is there any way to have a tax deduction? Is it a non-business bad d... read more
I have a client who purchased a modified wheelchair van to transport his wife who is under memory care assistance at home. The taxpayer tried 3 difference memor... read more
My client received a Form 1099-NEC for pay she received for the care of her spouse. I know it is taxable income but I'm not sure about self-employment tax. She ... read more
I requested payments on balance due with the FTB for a superseded business return and individual return.The withdrawals were requested using pro-series. Payment... read more
A self employed hairdresser earns 100,000 of which 10,000 is for tips. The Schedule C includes the 100,000. In the program it has a worksheet on schedule C for ... read more
I HAVE NOT HAD THE OPPORTUNIY TO DO A 4562/179THIS NEW CLIENT HAS A RENTAL PROPERTYTHE FOLLWING IS INFO FROM 2024 TAX YEARLINE 1. MAX AMT 1,220,000.00LINE 3 THR... read more
Good afternoon,Dumb question, I understand it it allowable to take both the home office deduction and the auto expneses/mileage expenses on your schedule C, but... read more
Client received relocation expenses as wages in 2024, resigned job and had to repay in 2025. Can this repayment be recouped on 2025 tax return and, if so, where... read more
When a personal residence converted to an STR five years ago, I failed to ask the taxpayer about personal property that she left in it. (FMV 80K, Cost 40K) So, ... read more
Schedule C, a general contractor, has classic audit triggers (High COGS, low margins, high meals). TP is 75 and spouse is 65, social security, Medicare, loads o... read more
