Web, RSS and Social Media interface to misc.taxes.moderated
There are 34829 individual articles here that are part of 7506 discussions
Please see below the list of the most recent and the best rated articles in Taxes General Forum
The most recent discussions
Rent income on 1099-MISC
February 23, 2012, 12:58 am
Some of my real estate rent income are reported on 1099-MISC. Does this mean that I have to report these payment on Schedule C instead of E (thus subject to potential SE tax)? =======================... Read more »
Capital Loss Carryover if no 2011 capital loss or gain
February 22, 2012, 3:51 pm
I have approx $2500 of capital loss carryover from 2010. I did not have any capital gains or losses (no sales) in 2011. Can I still use up the remaining $2500 capital losses on my 2011 income tax f... Read more »
Can I deduct something from my vacation under following circumstances
February 22, 2012, 1:36 pm
I was 30 days on vacation. I travelled to a place where I made one day job research at a location at my vacation destination. However, 29 days of the trip had nothing to do with the job and were pure... Read more »
Schedule E Royality question
February 21, 2012, 8:38 pm
I own a fractional share of the mineral rights on some property in East Texas. The oil company sent a 1099 Misc showing the gross royalities, deductions, taxes, and net amount paid to me. In addi... Read more »
Bad debt deductible as loss in MA
February 21, 2012, 3:06 pm
I deducted a nonbusiness bad debt on my federal taxes this year. When I started working on my MA state return in TurboTax, it asked me to adjust the short-term loss for the bad debt. I dug around a b... Read more »
Can I claim the EIC (earned income credit) if being abroad for 1 year?
February 21, 2012, 1:51 pm
I am self-employed USC and I am having some doubts about claiming EIC. In IRS publication one of rules for claiming EIC is that ‘You must be a US citizen or resident alien all year”. My residence is ... Read more »
My Accountant's Hobbies
February 21, 2012, 1:49 pm
I used an accountant to prepare my tax return for the first time this year. We had absolutely no conversations of any kind pertaining to our hobbies, clutural preferences, or anything of the sort. Wh... Read more »
Military "home"
February 20, 2012, 9:10 pm
Military stationed in VA. Home in VA W-2 from state enlisted in CT Wife went to parents home while he was stationed out of country and worked in CT W-2's only from CT and w/h only CT Home tax and int... Read more »
IRS publication 527
February 20, 2012, 7:14 pm
Can anybody help me understand the following part from IRS Publication 527? What I get are: 1] When selecting Qualified joint venture, both spouses can get credit fro social security & medicare 2] Th... Read more »
Realized Loss Reporting on Taxes?
February 20, 2012, 6:57 pm
I have just sold two Funds that resulted in a $10400 loss. I'm told by some folks that I cannot deduct this loss totally on my 2012 Taxes, but will have to prorate the loss over a number of years. ... Read more »
Click here for other recent discussions »
The best rated discussions
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 »
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 »
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 »
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 »
IRA Benficiaries Question
I have a regular IRA and my wife and I both have smaller ROTH IRAs. We have a joint living Trust with each other as beneficiaries with the Trust as the contingency benficiary. Would there be any tax... Read more »
How to handle return of Social Security benefits paid
I plan to pay back the benefits received in order to receive a higher benefit at age 70. How would I report that on my tax return(s)? Is it just treated as a deduction for the year in which the ref... Read more »
W-8BEN what's that all about?
Our UK accountancy firm acts for a UK registered trading company which is entering into a contract to supply a customer in USA. The USA customer has asked our UK company to provide a W-8BEN. Can som... Read more »
Contract work - what is deductible?
I found some temporary work as an independent contractor in a city 900 miles away. However, I am only going to be working two days per week. On the two days I work, they give me a $60 per diem, to... 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 _ (http://tax.cchgroup.com/downloads/files/news-headlines/2010/nws111010.htm#1)... Read more »
Tax implications - Converting a rental house into a primary residence.
Need input on tax implications for converting rental house into primary residence. Facts Example: Owner has owned rental house since Nov 1999 and since then has rented the house until January 1, 20... Read more »
XML Sitemap