It seems the DCC isn't calculating if you have more than one dependent and only one dependent has qualified expenses without having to enter zero amounts for th... read more
I am working on a complex trust with two beneficiaries. On the form 1041 schedule B line 9, the income required to be distributed currently (and the amount the ... read more
Hi all, my client was the personal representative, and sole beneficiary, for her brother's estate. The Final 1041 was filed for 2023 by the estate lawyer. Form ... read more
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I requested payments on balance due with the FTB for a superseded business return and individual return.The withdrawals were requested using pro-series.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
