Hi to all.Sole shareholder of S-Corp who formed Nov 2023 his S-Corp and did not have W-2 for 2023 as a employee.He had few 1099-NECs(Total $121000) under his na... read more
A disallowance per IRC 280A of net rental loss on rental property with -0- rental revenue.Property amounts were input with 224 days available for rent in "days ... read more
A ProSeries error on Iowa 1040, Schedule 1, line 14 in your tax return has caused a miscalculation of the amount for the additions to federal income or overpaym... read more
Create a standard letter for extensions. It needs to tell the client the Federal and state return amounts due and the date funds will be withdrawn and the bank'... read more
Did FTB take the day off? I've e-filed many tax returns today and have gotten "accepted" status from IRS but all I have from FTB is "CA sent to California". The... read more
Greetings,An associate has a tremendous problem with their eFIN. They have been in practice as a CPA for many years and in good standing all around. In a nutshe... read more
I own a single member S corp. I am also a 50% partnership in a partnership. I'm uncertain to record the K-1 data from the partnership on my S corp 1120s. The k-... read more
Colleagues:Hopefully someone can help me now that April 15 is done!I constantly have difficulty with inputs for the Foreign Tax Credit.The Screen 35 inputs are ... read more
Client (Wife) is married but separated (not living together last 8 months of the year)She has filed for and requested Child Support payments from her current hu... read more