A CA resident individual taxpayer has a partnership nonresident NY K-1 with 1000 of line 1 ordinary income allocated to NY.NY tax on the NY nonresident return i... 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
I'm new to Proconnect and this is my first time filing an amended return. My client's return was filed incorrectly by a previous accountant. I followed the inst... read more
I created an LLC business as an acupuncturist in 2022 but I had to change it to an S-Corp for 2023. Do I need to file the LLC Form 568 and mark "Final" or can I... read more
Under IRS Notice 2014-7 certain Medicaid Waiver Payments may be excludable from income. Normally, taxpayers receive these payments through w2 or 1099-MISC. Like... read more
Though we never got the refund from a few years ago, PTIN fees going down for next year:The IRS has issued final regulations that reduce the fees for the applic... 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
using Lacerte SC1041 is calculated taxes due on the SC income and applying withheld taxes to the liability. cannot force flow through of income to K1. if trust ... read more
Latest Update: Version 44.0515Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature en... read more
The following diagnostic is generating: 7768 If Form 990-PF Part VI is checked additional information is required . I am filing form 990-EZ and entering recipie... read more
I have a client that in 2021 "forgot" to give me a 1099K for 50K+. I asked at the time why her income was so low. She told me she sold the said business. 3 hair... read more
Has anyone PAY-PER-RETURN when filing a 1040 on ProSeries Professional. I have been using Proseries for more than 10 years. Last year I had to used ProSeries to... 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
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