Hi Colleagues,Client has a 1099-R for shares exercised from her ESPP in her IRA from a previous employer. The 1099-R has a value in Box 1, a value in box 2 and ... read more
Recently, we have received 2 notices with refunds of portions of the underpayment penalty calculated on the Form 1040 for tax year 2023. We suspect there will b... read more
How do you handle clients where the IRS or state adjusts the overpayment applied towards the next year before you roll the return.Example: when the return was p... read more
Bill Romanowski and his wife have around 15 million in tax liability. How was the IRS able to go so far back in years for that assessment of taxes? It even soun... read more
December 2023 client takes a distribution and receives a 1099-RBox 1 Gross Distribution $264,076Box 2 Taxable Distribution $264,076Box 2b Taxable amounts not de... read more
Are we no longer able to add numbers together in a cell instead of calculating them together on a calculator and then having to type it in?Kind of a frustrating... read more
For almost two years I have been trying to get Intuit to recognize that there is a desperate need to integrate forms 1116 and 8858 and 2555. I am confident this... read more
I have been using Intuit Link for 4 years now. I loved it until about 2 weeks ago.All of a sudden, Intuit Link started "losing" my clients. I would go in to sen... read more
I'm trying to fill out the Part IX statement of functional expenses of form 990.The amounts for Depreciation and Amortization are automatically filled in A colu... read more
The following diagnostic is generating: Entries exist that suggest a Business Use of Home applies to this return, but no entry is present in "Form (Ctrl+T)" (Sc... read more