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There are 41800 articles in 8447 discussions. See the most recent and the best rated articles in Taxes General Forum below

The most recent discussions

Dual Citizenship and Divorce


December 19, 2014, 12:50 am

The following question was posted on an expat forum recently by a lady with dual U.S./Swiss citizenship who recently got divorced. I will try to explain the situation the best I can, but I am by n... Read more »

latest IRS info on tax preparers - 2014


December 17, 2014, 1:54 am

Here is a link I found interesting, it partially replaces an old link from the archive IRS web site describing Enrolled Agents: http://www.irs.gov/Tax-Professionals/Understanding-Tax-Return-Prepar... Read more »

Lump sum pension rollover to IRA


December 17, 2014, 12:54 am

My ex-employer (Motorola) sold its d/b pension plan to Prudential. I am eligible for and am to receive a lump sum payout, which is to be rolled over to previous existing Rollover IRA @ Fidelity. ... Read more »

Want to re-negotiate monthly payment with IRS, but protect 401k too.


December 16, 2014, 11:48 pm

My significant other owes the IRS $21,000. He's been making payments for 20 years, and it's down to $21,000. now. He was forced to retire in June of 2013 due to having had a stroke. His pension is... Read more »

vehicle decal expense or fixed asset


December 16, 2014, 5:25 pm

How do you account for the cost for business vehicle decals, does the cost become part of the total cost of the vehicle and is a fixed asset or is it expensed in year incurred? Read more »

Form 709


December 11, 2014, 4:39 pm

1) My wife and I purchased a qualified 529 plan for my older daughter, who I'll call D1 in 2010 for $40,000. 2) We each filed Form 709 in 2010 claiming gift splitting and electing the 5 year elect... Read more »

Part or Full Year Resident?


December 9, 2014, 3:46 pm

I have a home in KY in which I have lived for a long time. Recently I went to stay in NC with the idea of possibly relocating. I am staying at a friend's place. Having been here for a few week... Read more »

Calculating rental percentage on multi-unit building when some of the units...


December 8, 2014, 3:59 pm

I own a 2 unit rental building. Both units are rented at fair market value. One of those rental units was rented all year but the other unit was rented for 10 months (January 1 - Oct 31). After this ... Read more »

Allocation of costs wrt Agilent Keysight split


December 8, 2014, 4:21 am

Agilent just spun off Keysight, 1 share of Keysight for each 2 shares of Agilent. How do I allocate my original Agilent cost basis between the two companmies? -- Read more »

New LLC's end of the year


December 8, 2014, 1:51 am

Because this is the end of the year, I have been asked more than once about California franchise taxes. In California there is a minimum tax of $800 for each tax year. So LLC's and corporations... Read more »

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The best rated discussions

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1099-B Restricted Stock Options sale...Do I need to file a Schedule D?


I'm a bit unclear if I need to file a Schedule D for proceeds from a sale I made in 2007 of Restricted Stock Options from the company that I work for. I've received a 1099-B form in a consolidated... Read more »

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Giving money to a trust fund


I'm concerned about my three grandchildren's education so I want to set up a trust fund to cover that. I want to fund it on occasion when I have excess cash that I know my wife will not need. When ... 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 »

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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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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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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 »

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Re: 1099-B Restricted Stock Options sale...Do I need to file a Schedule D?...


dorlockt@hotmail.com writes: No, that doesn't really change anything. In fact, it makes it even more straightforward. Did you file a Section 83(b) election on these shares to treat them as 100% ... Read more »

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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 »

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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 »

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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 »