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Has anyone come accross the "Loophole" (AOTC)? Not sure how legit it is but it's when scholarships exceed tuition on the 1098T, the student reports more of the ...
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It might not have been right on the 31st but within the last couple of days in 2025. The employees got paid on 01/01/2026, 401K and medical later that month. It...
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Hi,I'm working with a cash basis client. His payroll agency debited $80K from his account on 12/31/2025 to pay his employees/taxes/benefits on 01/01/2026. My re...
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Actually, I think the software is calculating it correctly. Thanks for the follow up!
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To clarify, it's reducing the amount of the credit he can use in 2022 and carrying forward the remaining amount. I believe that's correct.
