Hi,An attorney recommended that a client of mine, for legal purposes, create a second company, company B to separate payroll from his original company, company ... read more
Right we can only import K-1s to individual tax returns. We need to import K-1s to Trusts, Corporations and Partnerships also for business tax returns that were... read more
My client (US based startup funded by VC) bought a 100% owned foreign subsidiary, and they are transferring funds sporadically to the subsidiary to fund their o... read more
I've had 2 clients whose underpayment penalties were partially refunded. This has never happened before. Does anyone know if there is/was a glitch in the softwa... read more
He, my client owns S Corp 100% and - allegedly by a former contractor - he did not follow through with a promised ownership offer. She, the ex-contractor, also ... read more
In Lacerte where do you enter disaster area information?For CA- the FTB just sent out a notice that for the San Diego Flood Disaster extended due date of June 1... read more
Hi everyone, I have a client who incorrectly filed out their 2021 tax returns by failing to input their 1099-B. The client received a tax refund of $1090 but sh... read more
My clients owes taxes and their children want to pay the taxes for them. There are 3 children and each wants to pay 1/3 of the taxes owed. What do I have to do?... read more
Client received ERC in 2023. Do 2020/2021 tax returns have to be amended or can this be reported on 2023 tax returns as other income? Reading conflicting "opini... 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
Problem: TP earned income (wages) are split 50/50 for the IRA contribution deduction calculation. Everything else is good.I want the Spouse Traditional IRA cont... read more