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There are 42275 articles in 8541 discussions. See the most recent and the best rated articles in Taxes General Forum below

The most recent discussions

Sum of state wages (box 16) is a lot more than federal wage (box 1)


March 2, 2015, 2:50 pm

I live in IL. My office is in IL and work as a consultant in CA. I have received two W2 forms showing $70,000 federal wage (box 1) on both of them. However, on one W2 it shows $70,000 wage (box 16) i... Read more »

Taxation of Foreign Social Security Benefits


March 2, 2015, 3:49 am

I am trying to understand how U.S. tax laws work with regards to foreign social security benefits. I am not a tax professional, so please excuse any possible omission of details. Please let me kn... Read more »

Safeway's Blackhawk Stock Spinoff Taxable?


March 1, 2015, 10:54 pm

Last April Safeway spun off its stake in Blackhawk Network Holdings, Inc., issuing shares in Blackhawk to Safeway shareholders on a pro rata basis. At the time, Safeway advised us that this would mo... Read more »

Career Counseling Deduction For Dependent ?


March 1, 2015, 1:59 am

Hello, My son has been out of work for a long time now, and I take him as a Dependent on my 1040 return. I provide free room and board,pay for his medical insurance, and just about everything. H... Read more »

1095-A Problems


February 28, 2015, 5:51 pm

I am doing my taxes with H&RBlock software. I got my health insurance through a marketplace and don't qualify for a subsidy. H&R demands that I enter my 1095-A forms and then says it can't calculat... Read more »

Estate taxes in the future?

  [ 2 ]
February 26, 2015, 7:21 pm

Obviously no one here is psychic, but your guess is better than mine. I don't have enough to worry about estate taxes, but everything I own was bought in 2008, so I have enormous unrealized capital ... Read more »

Passive Loss and NOL Carry-back


February 26, 2015, 3:28 pm

I have a client with an NOL this year. In 2012 (his 2-year carryback), he has a rental passive loss in the phase-out range. To the best of my ability to follow the IRC, it looks as if I need to r... Read more »

Amending a tax return


February 26, 2015, 8:44 am

Hi, I just filed my federal/state tax return a few days ago using the H&R block tax software. I realized I made a mistake by not reporting one of the stock transactions that results in a small capit... Read more »

State Income Tax for a Special Needs Trust


February 25, 2015, 4:47 pm

What determines what state to file state income taxes for the trust? The state of the trustee or the state of the beneficiary? Other? -- Read more »

1040X 2011 --IRS says they don't have it


February 23, 2015, 9:55 pm

OK, last month I received a corrected 1099 for tax year 2011 (thanks a lot!). Anyway, the correction was in my favor, resulting in a refund of about $120. It didn't take long to do a quick 1040X ... Read more »

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The best rated discussions

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Questions about Form 5471


------------------------------------- Hi! I have a question about Form 5471. Back in 2004, along with my mom, dad, sister, and brother, we all bought stocks in foreign company. Each owning about 6% o... Read more »

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CCH Tax News Headlines - November 10, 2010


CCH Tax News Headlines - November 10, 2010 Federal Headlines: 11/10/2010 - _Lawmakers Pledge 2010 AMT Relief _ (http://tax.cchgroup.com/downloads/files/news-headlines/2010/nws111010.htm#1)... Read more »

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appealing refund statute of limitations


After a long period of recovery I finally submitted my overdue returns in January. Eight years worth! In each of those 8 years I was overpaid between withheld and estimated taxes paid in. Plus I ha... Read more »

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I want to report my former boos for tax evasion/fraud as I did all of his b...


file IRS Form 3949 A to report my former bossfor tax evasion/fraud. I did all of his bookkeeping, billing, banking, etc. He had me make large bank deposits with Comcheks from thousands of dollars he... Read more »

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Appeal tax penalty and interest?


I recently received notification from the IRS that we owe tax on unreported interest from inherited, redeemed HH bonds. We never received a 1099 INT and we were not aware of the taxable interest. W... Read more »

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Trust termination with capital loss and charitable remaindermen


A trust was terminated in 2010 when the primary beneficiary died and assets were distributed to the remaindermen including several charities. There is no DNI but a large capital loss with selling th... Read more »

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Two W2 forms


I have Two W2 forms for year 2006.To calculate TAX is it a simple maths like ADD both the Gross and ADD both the Federal withholding ,to calculate TAX or there is other way. thnx jas Read more »

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Capital Gain / Depreciation Recapture Question


Hi, Suppose I have a Capital Gain Tax loss of $11,000 and I have a Depreciation Recapture Tax of $36,000 for the year I sell an Investment Property. Is the combined tax liability for this year $36,00... Read more »

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How to Claim Capital Loss from Debtor Chapter 11 Bankruptcy


I invested XYZ company's note. On 1/21/05 XYZ company filed chapter 11 bankruptcy, it converted to chapter 7 bankruptcy on 5/17/05. Since then I have not receive any capital loss statement except a n... Read more »

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Schedule M


Did we get $250 / $500 checks last year and I just forgot about it? Or perhaps a direct deposit? Or was there just a cumulative (small) reduction in payroll taxes? I honestly don't know if I'm ... Read more »