The client started depreciating the car in tax year 2020 and took the special depreciation ($18,100) with another accountant. I have now taken on this client an... read more
My client tragically passed 2-25-24 with no will and very few assets. He is due a federal refund and since there is no executor for his estate his sister will c... read more
HelloMy client had intended on transferring an IRA distribution from trustee to trustee. However, this did not happen. Rather, a check was issued to the client,... read more
I have used programs that automatically checked for clients with matching name/SSN/DOB when starting a new return. the main screen had options like start a new ... read more
The taxpayer is the only owner of an S Corp. His spouse works part time for this S Corp and receives W-2, but is not a shareholder of this S Corp. The health in... read more
Folks:Client has a $200,000 federal tax bill. After going back and forth on it, he decided he would pay $30,000 at the time of the return, submit an installment... read more
In prior years, income and expenses for oil, gas, and nonferrous metallic minerals were included on Michigan Schedule 1 Lines 6 and 19. Michigan now requires Fo... read more
Hi,I have an individual taxpayer who is eligible to claim a credit on Form IT-219 - Credit for New York City UBT for NYC UBT paid by multiple NYC partnerships. ... read more
Schedule C line 21f, should show Non-Montana municipal income taxable to MT. Instead, Proconnect enters the total tax-exempt income. No amount of overrides or m... read more
I shall not lie, with a smile I must say goodbye, to thee BOI, I shall not cry; What great news today, that I heard about CTA, a passing away, hooray hooray!