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Exactly, there shouldn't be anything to adjust due to the 540 being correct and starting with the Federal AGI which has the negative adjustment. However, CA FTB...
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I have discovered that the IHSS income is not flowing from the Federal Other Income wksht to the CA Schedule CA. The 540 itself is reflecting an accurate return...
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Taxpayer just received their 1120-S K-1 showing an amount in Part 2, Line H Loans from shareholder. Where does this information come into play on the taxpayer's...
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I did have a client receive loan forgiveness on the PPP loan. It is my understanding from the research I have done that the PPP loan forgiveness is not included...
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I'm aware that PPP loans are not taxable if they are forgiven for both Federal and CA; however, do you still have to show the income on the Schedule C and make ...
