My client incurred and paid a tax penalty due to an error I made on his tax return. I am reimbursing my client for penalty he paid and am questioning whether I ... read more
Hi, all,When i finish entering estimated data into the 2024 S corp module and close the client, it automatically asks me if I want to export the data to the sha... read more
I'm surprised no one has mentioned this including my clients who would be affected. I never really understood how the WEP and GPO worked. I have clients who ar... read more
Client opened a 529 education plan for his grandchild. deposited $80K to the account in Sep 2024.then someone told him bcs it's more then $16K he needs to file ... read more
So I offer payroll for small to medium sized businesses and have seen it all almost as far as depositing taxes, 941s, workers comp, W-2s, etc. But I just had a ... read more
Hi,Client received a CP39 notice saying their 2023 refund was applied to 2021 tax owed. He never received a notice of changes regarding the 2021 return. So uncl... read more
My client is a blogger. She sold her website and a YouTube channel. No other tangible assets will be sold. This is an asset sale. These 'assets' do not have any... read more
Hi folks,I'm new here. I'll be working for intuit as a tax associate this tax season. I plan to purchase ProConnect after my start date and take on some basic 1... read more
Can you take Bonus Depreciation on a piece of equipment (Table Saw) that was originally purchased by the taxpayer prior to forming a business and converted to b... read more
What's behind all the spam messages that appear here overnight (deleted when the monitors come to work in the morning)? Is it just idle play by a teen-ager in a... read more
IRS sent client 106C letter denying $1800 withholding that is on W-2. Client sent in backup after earlier letter, but it hasn't resolved. I'm not confident that... read more
Hi there.I would like to seek guidance for a client who is here on a J1 visa as a teacher from Spain, working for a US educational institution. Under the J1 vis... read more
If a business was sold in an installment sale, but the business name and EIN stayed the same, how do you report that installment sale on the 6252? I understand ... read more
