ProSeries Tax

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The balance sheet of an S corporation is out of balance for the excess of distributions. These distributions are recorded on Schedule D. I need help on working on Schedule D and balancing Schedule L.

I have been trying to input a prior-year unallowed loss for a rental income activity, but I haven’t been able to do so. Could you please guide me on how to enter it correctly? This is a new Form 1040.

Despite the IRS requirement, Proseries does not provide the ability to e-file a 2026 short year final 990 using the 2025 software.  The client and I are unable to wait a year for 2026 software so how are we supposed conform to the e-file mandate? Has anyone paper-filed in this situation?  If so, was the paper return processed or rejected by the IRS?Thinking of attaching a letter of explanation saying Proseries doesn't accommodate the IRS requirement. Does anyone know of another inexpensive, one-time software provider to fill the gap? (Interestingly, but not surprising, Intuit is listed as an approved e-file provider for this situation--and when you click the IRS link, you end up at the Proseries page trying to sell their software.) Two other providers I surveyed from the IRS list also do not handle short year final returns.And now the venting: I realize this is not a frequent need, but nonetheless it should be handled by Proseries when the IRS explicitly requires e-

A couple of days ago business client texted me correspondence from the Internal Revenue Service where they screwed up and change the mailing address. Yesterday another business client emailed to me the same thing. The letter says we updated your mailing address in our records because the address entered on a tax return was different from the one in our records. But this is absolutely not true, the addresses were not changed by us anywhere. They erroneously changed the following on both: Instead of any "Anytown, PA 12345" they changed it to: "West Anytown, PA 12345".

I saw from a previous post - try "Update Acknowledgements..." either in bulk or two or three at time - it seems to work for a previous person - but is not working for me....Any help would be greatly appreciated to pull in all the efile status to the "restored" client accounts on a new laptop.

PLEASE DISPLAY IN THE EFILE CENTER SHOWING IF A RETURN HAS A PAYMENT TRANSMITTING WITH THE RETURN

I entered the information on the K-1 input, but there is required information on Form 3468 that isn't shown on the K-1.  Also, I linked the K-1 form to 3468, but the information is not transferring to it and the wrong percentage is being calculated.  Any one have experience with this to let me know what I am missing/doing wrong?

PLEASE PROGRAM THE RETURN TO ALLOW A PAYMENT TO BE MADE TRANSMITTED WITH THE RETURN THAT WILL ALLOW A DATE AFTER THE PROGRAM DATE (CURRENT DATE)

PLEASE PLEASE PROGRAM THE 2026 PROSERIES PROFESSIONAL TO INCLUDE NC 1041 AS AN EFILABLE TAX RETURN 

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I was looking to renew my proseries for the upcoming year & what they called a discounted rate was more than I paid last year to renew. How is this considered a discount 

Can you efile an amended return you did not originally prepare? 

Dear Marylander, The cessation of penny production has caused a shortage. New Maryland law authorizes rounding the price of goods or services being sold or the change given in certain in-person cash transactions. Generally, if a merchant rounds a cash transaction, a merchant must round down to the nearest multiple of 5 cents when the price or the change ends in 1 cent, 2 cents, 6 cents, or 7 cents, and round up when the price or change ends in 3 cents, 4 cents, 8 cents or 9 cents. More information is available in the Rounding Cash Transactions Tax Alert.For more information about this and other 2025 changes to Maryland Taxes, please visit our Tax Updates webpage.  Sincerely,The Maryland Office of the Comptroller

after updating, my program crashed. had to get a new computer. Programs were transferred, but I now do not have the licenses I paid for. The live person did not help. I tried all 4 steps for the 4-0 error code. What do I do now?

Why are the 1099-K , 1099-NEC and all other form with1099  not clearly visible in people’s IRS account records, but the W-2 form is visible?

Attention programmers.  When the prior year AGI exceeds $150,000, line 7 of form IT-2210 should reflect 110% of the prior year Indiana tax, not 100%.  Please fix in future years, thanks.

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We are receiving IRS notices for clients who are entitled to unexpected refunds, mostly from automated adjustments due to clients providing incorrect estimated tax payment data.  Since our original return did not report a refund, there was no bank account information transmitted even though we entered it into the system.  Now the IRS is requesting the account information to send the adjusted refund and the only way to provide that information is for the client to set up their IRS online account.  The system should be revised to transmit the latest bank account information every year even if no refund is anticipated.

So IronWoman e-mailed a client a week and a half ago with a few questions on their schedule C.  She gets an e-mail this morning saying "sorry, but we've been super busy" and goes on to answer "some" of the questions.  Thank goodness that someone has been busy in the area because we have been bored stiff just hoping he would get back to us so that we would have had something to do for the last week and a half.  After doing it for a bit, pulling the wings off of flies can only keep you occupied for so long.  Hopefully the rest of you out in Intuit land aren't too bored at this time of year.

Hi, client, she has a superannuation account, HESTA, from Australia (HESTA provide retirement benefits forworkers in the Health and Community Services Sector  is an Australian industry superannuation fund for workers in health and community service sectors. HESTA is run by a Trustee company called H.E.S.T. Australia Limited.Generally, you can access your super when you've met a condition of release, such as:when you've permanently retired or commenced a transition to retirement income stream on or after preservation age, which is now 60 years oldafter reaching age 60 when an employment arrangement ceaseswhen you reach 65if you become permanently incapacitatedif you have a terminal medical conditionunder financial hardship conditions. Her status has been single and US resident as of 2021 till now. Her balance account from 2021-2025 has been always over threshold of 8938 (for 8938:  Unmarried individual (or married filing separately): Total value o

ProSeries 2024 Form 1040 with refund due shows "EF Accepted" on 4/10/25 with a submission ID.IRS.gov "refund status" page shows Information "doesn't match our records."Client called IRS; they have no record of the 2024 Form 1040 being filed but they see the 2025.Client probably needs to mail it, right?Anyone seen this before?

can anyone tell me how do I get W2/1099s for a deceased person?I have an IRS professional tax account.  Do I upload 8821 signed by the court representative? John

I am working on Form 1116, Foreign Tax Credit.  I don't see any problem with my work but who knows.I get to Part IV and the instructions say add line 33 to line 34 and the answer is the credit.  However, the numbers are 1000 +0 and it equals 3011.  I have updated the software and there was no change.  What to do next?  Any ideas?