asked
Can I carry back my Section 1256 losses from 2020 to tax years 2019, 2018, and 2017, and would that require resubmitting new 1040X forms for those years? Has the new Tax Cuts and Jobs Act (TCJA) stopped such carrybacks from 2020 returns?
November 20th, 2024
Where do you report PPP loan forgiveness on 1065?
October 3rd, 2024
I was using TurboTax and spent the entire day entering my return. Now when I try to enter TurboTax again, it asks me for my downloaded code which I don't remember. What do I do?
May 7th, 2023
I will receive a disbursement from my late father's estate in England, which will transfer to me in California in approximately $130,000. Are there taxes on this amount under Federal or State (CA) limits?
October 10th, 2024
I had my PUA payments come into my LLC (sole proprietor) account by mistake instead of into my private bank account. How would I categorize the incoming payments in my QuickBooks account?
May 9th, 2023
Received an IRS "ACS" levy notice for 2017. We have recently made payments to other years and cannot get through the ACS phone number. What impact will making a payment on the 2017 liability have on the levy?
March 26th, 2024