HelloClient decided to revoke S corp status back to Schedule C as disregarded entityJust to confirm if that is all we need:efile Final 1120 S for 2025 and Final... read more
HelloPlease advise how to record Loan Repayment to shareholder on the Balance Sheet in Proconnect?Is it ok to reduce cash balance at the end of the year for tha... read more
I have a client that has spoken to anumber of other troopers they also get to claim out comp time hours used which would be the state patrols comp and holiday c... read more
Dear Client,It is nice that you think I want to know that you're about done with preparing your tax documents for me. However, I have plenty of work and I don't... read more
I am curious if we have any tax attorneys or any other tax preparers out there in this great big beautiful world of IRS insanity that has had the IRS ask the re... read more
My older clients, meaning 80+, get confused. I give them paperwork and they don't know how to find information that I consider to be simple. Example: I sent an ... read more
Good morning!For each of my three small partnerships, the partners are married (and there are no other partners), I advise electing out of CPAR. I advise them t... read more
Does anyone have an idea why my clients return is being rejected for the 1095-A and I have the data entered in ProSeries? It says something doesn't match... Cou... read more
Hi everyone, With the new guidance stating that tips are not taxable, I have a question regarding delivery drivers and reporting. Many delivery drivers receive ... read more
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
