I had previously classified this client as a consulting firm, which is an SSTB. They have explained to me that their core operations and business activities are... read more
Form 7203 and share repurchase from S-CorpS-Corp shareholder's contract demands that at age of retirement he sells back his shares ratably in four years, 1/4 ea... read more
Cedar Fair and Six Flags merged on 07/01/2024.Under the terms of the merger agreement, Cedar Fair unitholders received one share of common stock in Six Flags En... read more
Good afternoon,I'm reaching out because one of my client's is a construction inspector and one of his acquaintances informed him that just because he's in the f... read more
I set up and efiled to have Iowa estimated payments automatically withdrawn from bank account. The letter does not state this and still prints vouchers? How can... read more
I have a client who received a Form 3520-A that was filed by the trustee. Where do I report the distribution on his Form 1040? First time coming across this. Th... read more
Executive Order Will Generally Bar the Use of Paper Checks to Make Payments to or Receive Refunds from Treasury, Including Tax Related Ones — Current Federal Ta... read more
"President Donald Trump on Wednesday said he would push for a taxpayer deduction on interest payments for cars made in the United States. The tax change is expe... read more
My clients have a partnership where they have earned income. Previously when I entered the self-employed health insurance on Form 7206, it would enter the earne... read more
I have a small business Schedule C Client. with a 1095-A. Using ProSeries If I link the 1095-A to Schedule C, an income adjustment comes up on form 1040 equalin... read more
I have a tax return rejected with the error F8962-322. All information was entered correctly on the 1095A work sheet. The taxpayer had coverage in Jan and cance... read more
How do I suppress automatic calculation of excess FICA. Taxpayers live in a community property state and wages need to be allocated resulting in the Lacerte pro... read more
I need to know where should I allocate the tax exempt interest dividends In Proseries personal income tax. I need to allocate a portion to NY and the rest to XX... read more
