3
votes
2answers
20 views
Schedule M-1 & M-3
Hello,
When does a corporation need to file schedule M-1 or M-2?
Thanks,
Saf
3
votes
2answers
22 views
Cost to prepare final partnership return
The cost to prepare the final tax return for a parternship was paid personally by the only "active" partner. The expense was not paid by funds from the partnership and was not dedu …
2
votes
4answers
79 views
Reporting Tax Fraud
It has come to my attention that one of my competitors is asking tax payers to "find" more dependents to claim the child tax credit on their taxes - this way, the taxpayer gets a b …
1
vote
4answers
32 views
How Income Tax and personal tax is charged in US
Can please someone let me know how the US Taxation laws & compliance are charged in USA.
1
vote
0answers
20 views
Merchant cash advances
How are you treating merchant cash advances (i.e. cash advance coupled with a fee which is subsequently repaid by the provider taking a percentage of credit card receipts) for tax …
3
votes
5answers
60 views
CTPA/bookkeeper will not reliquish the QuickBooks file. What recourse does the client have?
The offer to pay for the file setup was made, and the tax preparer/bookkeeper -REFUSED!
He will not give the QuickBooks file over. This individual has claimed that the file belong …
4
votes
1answer
26 views
S corp wages health insurance premiums attribution rules
Am I correct to add the health insurance premiums to wages for the son of an "S" corp owner due to rules of attribution for the stock ownership? The son owns no shares of his own, …
4
votes
8answers
177 views
How much do you charge for tax returns?
I am a CPA. Most of my business is write-up and QB consulting. This is my first year offering tax return prep. Most of the work will be current clients but I am hoping to pick u …
2
votes
4answers
72 views
1099 misc, box 7 filled
I received a 1099-misc with box 7 filled with amount of $1,200 on my own name. I am not self-employed and this was an one time deal. Where should I report it?
Thank you.
4
votes
2answers
33 views
Remuneration to homeowners' association for public utility easement
Subdivision granted a public utility easement for a sewer line across its common ground and received payment from the utility. Should the money the subdivision received be reported …
3
votes
11answers
89 views
What do you charge for additional copies of a tax return?
By law we provide a copy of the filed return to the client. Do they feed it to their dog?
What happens is everytime they need a copy for a refi or home purchase, etc they call an …
2
votes
2answers
48 views
Advice regarding basis on shares through a ESPP, related exercise gain and wash sale loss adjustment
Need some advice regarding clients with employee stock option sales, related exercise gain and wash sale loss basis adjustments.
Hello.Thank you for taking the time to read this. …
2
votes
1answer
25 views
Specific Lot/Share Identification does not match
I have a client that is selling shares of stock, and attempting to specifically identify the shares/lots he wants to sell to receive a gain.
Problem is, he is going off of his rec …
1
vote
1answer
64 views
Sch K-1 Form 1040 for 2009 received for decedent whose final return was filed in 2008
My question is in regard to a 2009 Sch K-1 Form 1040. The amount of $3033 is entered on Line 11 with a Code A indicated. I see that this is an excess deduction and should be ente …
4
votes
9answers
104 views
Pennsylvania taxes withheld on FL employee
This is bizarre and I wanted to ask if anyone else had this come up with Paychex. Employee is living and working in FL for a PA company, working from home (non statutory employee) …
