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There are 42693 articles in 8622 discussions. See the most recent and the best rated articles in Taxes General Forum below

The most recent discussions

Turstee Income

May 25, 2015, 5:08 pm

does Trustee income qualify for IRA contributions? bw -- Read more »

Commissions and calculating spin off cost basis

May 20, 2015, 7:22 pm

Are the commissions paid to acquire the parent company included in the calculation of the cost basis of a spin off from said company? All the online sites I've looked at, and the spin off calculator... Read more »

is prop. 13 transferable

May 20, 2015, 3:49 pm

My parents home is in trust and my siblings and I have inherited the home. If I buy the home and pay my siblings their portion of the value of the home, will I be able to keep our prop. 13 status????... Read more »

Harlan Lunsford

May 19, 2015, 8:22 pm

Haven't heard from Harlan here for several years. RIP -- Read more »

Switching Primary Residence to a no-income-tax state

  [ 2 ]
May 19, 2015, 4:55 pm

My primary residence is in Massachusetts (which has a significant state income tax). I also own an apartment in Florida where I live half of each year (FLA has no state income tax). So, to save on st... Read more »

SS-8 Inquiry; Busting a CPA?

  [ 2 ]
May 15, 2015, 10:24 pm

A small private school with 501(c)(3) status has around 10 part-time teachers and has been around for about 10 years. Up until tax year 2014, the school paid the teachers as employees for IRS tax pur... Read more »

A question on home sales

May 15, 2015, 12:55 pm

A friend had his house sold (or so he thought), but it fell through. The person backed out and my friend kept the earnest money. Is that income? Does it impact on the tax basis of the house? Anyt... Read more »

Charitable deductions by sole proprietorship rather than personal

May 15, 2015, 12:19 am

When a writer gives away office furniture, books, tech stuff, can they deduct it from the business expenses as a charitable deduction or does it have to go on the personal? Yes, I do take the home of... Read more »

Inherited IRA RMD

May 14, 2015, 8:21 pm

Situation is that 90 year old decedent's IRA beneficiary is a family trust which has three children named as beneficiaries. One lawyer says that the three trust beneficiaries can establish inher... Read more »

I mailed it certified...

  [ 2 ]
May 12, 2015, 11:33 pm

The IRS has sent me a letter *by certified mail* telling me that I didn't file my claim for refund by the end of the 3-year and 6-month period, and that they therefore can't allow the claim. Well, I... Read more »

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The best rated discussions


Taxation of Municipal Bonds

I find this topic to be very confusing and I get lost quickly in the jargon. Is there a web site with a calculator that lets you enter all the relevant information so that you can determine the cost ... Read more »


How Important for Officers to Take Salary in C Corporation?

Taxpayers want to buy some Nevada real estate, so he (or they) form a Nevada C corporation to purchase the real estate. All of the rental income and expenses run through that corporation. One N... Read more »


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 »


1099 But No Income

  [ 2 ]

Consider the following (entirely realistic) scenario: 1) You create an account with Amazon Payments, enabling you to send money. 2) You send your wife/girlfriend/friend/dog $1000, paid from your cred... Read more »


How To Report Stock Exchange In Merger?

Over the years, my wife accumulated 418.619 shares of Nicor, Inc. In December 2011, Nicor was merged into AGL Resources (AGL). Each Nicor share was exchanged for $21.20 in cash plus 0.8382 share o ... Read more »


No staples or tape?! The IRS "attachment rule"

I hadn't filed a paper return in years and years, but I had to this year - ack! The instructions on how attach the W2s, etc., were printed on the back of the big W2: there was a tiny line drawing of ... Read more »


Fillable 1099-MISC forms?

This IRS page claims that with the correct version of Adobe Reader, I should be able to fill in certain forms:,,id=98121,00.html Either they're lying, or the 1... Read more »


CCH Tax News Headlines - November 10, 2010

CCH Tax News Headlines - November 10, 2010 Federal Headlines: 11/10/2010 - _Lawmakers Pledge 2010 AMT Relief _ ( Read more »


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 »


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 »