Hello and good afternoon I’m timing. A 1102 s. Cooperate return client had a loss in the corporate return I keep on getting this error what does this error mean... read more
My client does not have access to the history on the Roth account. The original holding period exceeded 5 years but her holding period just started in 2023. The... read more
T/P died and primary house was sold within one year of death by the Estate. The gain far exceeds the $250,000 exclusion. Does the Estate get the stepped-up-basi... read more
Hi to all.I filed the original return 3 days ago, and it was accepted. Today, the client gave me a new 1099-NEC. Can I file a 1040-X today?Thanks for help!
client received ssdi distribution of 50,000 from which 6000 was deducted for attorney fees. Additionally 2000 and 23800 were for previous years. This is causing... read more
I've got an LLC partnership with 3 owners. One owner was bought out by the other 2 owners. In Pro Series, Sch K-1 Wks, beginning Profit, Loss and Ownership was ... read more
First time doing a Kentucky return. Does the exclusion for pensions max out at $31,110?90-yr old client has OPM 1099R for $34K and Teachers Retirement 1099R for... read more
having an issue dependent has died in 2024, received a 1099r code 4 no check in ira box tried to correct name and social security number to reflect dependents i... read more
hello all,I have to prepare a form 502 MD MFJ return. new for 2024 TY, the husband lives full time and makes all wages from another state the entire year while ... read more
A client has an S-Corp Missouri return and has to file the E-234 form. The form is available in the individual program and will not activate the E-234 form when... read more
On an estate return 1041, I want to pass through all of the income to the beneficiaries on a K1. I would also like to pass through the tax withheld from the 109... read more
I've seen a few new clients this year who have a 1099 Misc or NEC of a fairly minimal amount and no expenses. Their previous tax guy reported the income directl... read more
My client has foreign earned income on line 1h of form 1040 and foreign earned income exclusion (from form 2555) on line 8 of form 1040; therefore, lines 9, 11,... read more
