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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


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »