My client is in the entertainment business and been hired to complete a commercial project for a client.The client received a 1099-NEC for revenue not earned ye... read more
Master Sergeant in his 80s. Receives monthly check from DFAC. Tax withheld, but all of it refunded. Not thinking, I fill out a W-4P in February and mail it for ... read more
A recent report from the Treasury Inspector General for Tax Administration: From January 2022 through March 2025, the IRS accepted approximately 116,000 e-file ... read more
TP is 81 and an owner of rental real estate (an apartment building.) I amended her 2024 1040 to reflect her "claim" that she has a profit motive in this activit... read more
We add estimated underpayment penalties to our client tax returns. Starting this year, almost every single client is receiving a letter that the penalty being c... read more
I'm wondering if someone can help me make sure I submit a form 56 to the correct address. The trust is in MA, however, the home where the decendent lived has al... read more
I had a consistent price increase of 1.0559% since 2016 - and for 2026 renewal they want to increase it to 1.4869 - which is an 8.12 X higher increase compared ... read more
Hello community I hope you all had a good tax season. I have a question that I am sure some of you have had the opportunity to experience.I prepared a 1041 retu... read more
I'm just getting into researching the November 2025Kwong v United States decision by the U.S. Court of Claims, involving penalties and interest assessed during ... read more
HelloI hope everyone is well. I was wondering if there are CPA firms that use the Lacerte Advanced module with unlimited business and state returns. Wondering h... read more
A Schedule C business does not begin for tax purposes until it is functioning as a going concern and performing the activities for which it was organized. IRC 1... read more
Client sold home that was being used as a home office. Had a carryforward from 2024. Can the carryforward be used in 2025, when they no longer have a home offic... read more
If an infirm elderly person transfers her home into an irrevocable trust to protect it from Medicare, does the home get a stepped up basis? When the person dies... read more
