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ProSeries TaxExperience: 13 years
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I was having a problem with that calculation also, but the only qualified OT allowable is 1/2 time since that is what FLSA requires.If the total amout of requla...
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Good pointg about FLSA. Overtime is qualified up to X1.5 .Double time is not required by FLSA and is usually a negotiated benefit.
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My first tax software was HowardSoft, the most amazing part was that is came with a fantastic reference book for almost every line in a tax return.
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I generally check the option to have the IRS calculate the penalty instead of PS. Probably 90% of my clients that owe, forget that I gave them that information,...
