Hi I'm looking to hire a preparer with their own ptin primarily NJ, NY and CA returns. If they're not EAs, CPA, attorney I have a few questions on the requireme... read more
Hello I have several small business clients 1120S and sole proprietors that travel to their client's place of business and use their business credit card for th... read more
I have a client that owns a duplex where she rents half of it out to tenants and her sole proprietorship uses the other half. For depreciation, I believe the bu... read more
I have a client who owns a business (LLC) that rents a unit from her other LLC that owns the residence. Would I report the rent as an expense under Sch C and th... read more
So, Intuit is laying off a bunch of people. See this link: Tech giant cuts 599 workers in California amid massive layoff round (kcra.com) Per Intuit CEO Sasan G... read more
2 partners in an S Corp...one wants to leave...i am not sure if he was asked to leave or was it voluntary.This is a haunted house that only operates for 6 weeks... read more
Client has 42% of Schedule C net income allocated to MT due to part year residency. The Part Year Allocation worksheets have been completed within the Pro Serie... read more
Hi,To classify transactions from a business's bank statements,I typically use an accountant login or OCR software to export all deposits and withdrawals for the... read more
Hi, client superfunded child's 529 $75K in 2022. A gift tax return was filed in 2022. Should one be filed for 2023? Per instructions if no other gift was made, ... read more
I am preparing a Fiduciary income tax return for a New York estate. New York property was sold and a New York Real Estate Transfer Tax Return (Form TP-584) was ... read more
I have two clients out of hundreds that keep receiving letters saying reviewing returns. They are basic returns so no thoughts on why really. Only thing the two... read more
Hi,Is there any guidance from the IRS for the steps to convert from an S-Corp to C-Corp? If so, can you provide the link? I've tried to look online for this but... read more
I don't understand this 1031 completely.Client 1031 was done with an exchange service provider. Client's investment property relinquished and deferred gain went... read more