[Event] Ask the Experts: Tax Law Changes

[Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill (OBBBA)

Join us on Wednesday, Jan 14th any time between 9:00 am and 5:00 pm Pacific Time for our latest installment of our Ask the Experts event series. There are major changes in the tax laws that will affect your tax outcome. Join us to get the clarificati... read more

TT 2025 Premier desktop updates don't work

I updated my desktop version and each item I selected said to go back to what I was working on. I exited TT without saving and started it up again and it did not find any updates. I used the manual update procedure. But I still have issues with the d... read more

2024 CA FTB Form 568 is missing ....

I have a call from CA FTB telling me that 2024 CA tax returns is missing Form 568 for my LLCs. I looked at turbotax file for 2022 and 2023 where CA Form 568 are generated. Ilooked at turbotax file for 2024 and the forms section is truly missing CA fo... read more

Do I qualify for tip deduction?

Hello, I’m a piano tuner and get tips occasionally. Do I qualify for tip deduction? If so, what industry and job role would I select? A.I. suggests Recreation and instruction for industry and self-enrichment teacher for role but that just seems like ... read more

Tips Credit for Self-Employed`

I have a client who is self-employed as a hair dresser and receives tips. I would like to record the tips credit for her but under the "Qualified Tips Smart Worksheet for Schedule 1-A, Part II", none of the business information for net profit appears... read more

Its Deductible

Is Turbo Tax going to replace Its Deductible with a similar product? Its Deductible is the reason why I started using Turbo Tax all those years ago.

Charitable Contribution Section

This new section in turbo tax appears to be totally messed up. Requiring information not available or necessary for stock donations (like appraisal value and information). This entire section is totally messed up.

TurboTax Gives Me a Higher Refund if I Let "IRS to Figure Penalty Box"

I retired in July and made an estimated tax payment today to cover what I saw as a shortfall in my tax payments with my initial figures being imported into TurboTax. When I was doing the Smart Check, TurboTax told me to Check This Entry for IRS to Fi... read more

Custodial Account

I want to use an account where I can invest for my children, but the money is accessible before they’re 18. I think I could use a custodial account to invest the funds, but I want to make sure that I can pull the funds out for purchases they may want... read more

No Tax on overtime

Hello, I understand that the no tax on overtime law goes into effect for the 2025 tax year, and I understand that the calculation is tax free for the x.5 of the x1.5 OT pay rate. In California, we also make double time, can you please explain how x2 ... read more