Client opened a 529 education plan for his grandchild. deposited $80K to the account in Sep 2024.then someone told him bcs it's more then $16K he needs to file ... read more
I want to make a partial payment on the deferred payment plan but appears when I say pay, it'll pay the entire invoice. If anyone can help, I'd appreciate it
I'm surprised no one has mentioned this including my clients who would be affected. I never really understood how the WEP and GPO worked. I have clients who ar... read more
I'm working on starting a small tax practice (a one man show).I'd be interested to hear what some of you have done with things like, marketing, getting a busine... read more
What's behind all the spam messages that appear here overnight (deleted when the monitors come to work in the morning)? Is it just idle play by a teen-ager in a... read more
So I offer payroll for small to medium sized businesses and have seen it all almost as far as depositing taxes, 941s, workers comp, W-2s, etc. But I just had a ... read more
Hi,Client received a CP39 notice saying their 2023 refund was applied to 2021 tax owed. He never received a notice of changes regarding the 2021 return. So uncl... read more
My client is a blogger. She sold her website and a YouTube channel. No other tangible assets will be sold. This is an asset sale. These 'assets' do not have any... read more
I have a potential new client. Foreign owned 1120 (has a vacation home that is never rented - no income for the Corp all those years) - founded in 2000.Never fi... read more
Hi folks,I'm new here. I'll be working for intuit as a tax associate this tax season. I plan to purchase ProConnect after my start date and take on some basic 1... read more
I have a small practice and have an inquiry to do 990 Forms. The Lacerte pricing sheet does not seem to list 990s as a Form you can process return by return. Do... read more
Can you take Bonus Depreciation on a piece of equipment (Table Saw) that was originally purchased by the taxpayer prior to forming a business and converted to b... read more
Until this year my CNA caregiver was issued a 1099 by John Hancock long term care insurance.The insurance ran out and I now pay her as an Independant contractor... read more
