When a client in her 90s calls to ask what to do with the bill she received from IRS for 75 cents, don’t immediately assume she’s the one with a problem. She fi... read more
The jobs eligible for a tax deduction under the “no tax on tips” policy in President Donald Trump’s “big, beautiful bill,” according to a list from the Treasury... read more
The "Efile Clients" tab "Payment Method" and "Refund or Tax Due" columns are not matching the selected return payment method and the refund or tax due amount in... read more
I admit, I had to look it up when a Tax Court opinion was released yesterday that says it does not apply to tax penalty cases. No, you’re not entitled to a jur... read more
S Corporation.What are the best firms to provide reports and analyses of S Corp reasonable compensation?ChatGPT? I used it and it researched the BLS salary data... read more
When I handle foreign income on a Schedule C, there is a sub-section to link to form number created when I do inputs into Form 1116. When I run the same scenari... read more
Does form 8962 need to include a graduating students income earned after June if they were only on the parents ACA plan January through May (exit the plan to mo... read more
The Percentage (up to 85%) of Social Security that is taxable is locked in by "provisional income" before the NOL is applied. The NOL only reduces overall taxab... read more
Single S Corp shareholder has a consulting business and moved from CO to FL during 2024.PS automatically checks the nonresident box and shows errors in the K-1 ... read more
Client received notice that they did not qualify for their 2021 property tax refund. The difference is that they are not allowing the rental loss in household i... read more
Former Rep. Billy Long (R-Mo.) is being replaced as commissioner of the IRS less than two months after he was confirmed by the Senate. Treasury Secretary Scott ... read more
Per call to ProSeries, there is a confirmed issue with two factor authentication. For some reason, it has been turned off. No pro-active communication that you... read more
Client received Condo in Florida with rules by the association they could not rent it for 1 year. They are not doing a vacation rental and want it to be a full ... read more
