Taxes General Forum - Main Page

Do you have a question? Post it now! No Registration Necessary

Taxes General Forum Tax professionals meeting place and answers to queries. (Moderated). This forums is a Web, RSS and Social Media interface to misc.taxes.moderated.
There are 41747 articles in 8432 discussions. See the most recent and the best rated articles in Taxes General Forum below

The most recent discussions

Tax Prep deduction timing


November 24, 2014, 12:54 am

This is a basic question, the answer to which after all these years I should be sure of: If I pay $300 to have my 2013 taxes done, paying in 2014, and $500 to have my 2014 taxes done, paying in 20... Read more »

Am I understanding Gift Taxes right?


November 23, 2014, 5:18 pm

My mother in law died in August. Her only significant assets were $250,000 in bank accounts she held jointly with my brother in law. The attorney says that is not part of the estate and he can wit... Read more »

Parent Financed Mortgage


November 23, 2014, 12:51 am

My son/ wife live in a house that FEMA has deemed to be a high flood risk (I do not know the exact FEMA declaration). His flood insurance would have increased from $2,400 to over $14K. They could n... Read more »

question on the Assisted living


November 20, 2014, 9:21 pm

My mother will be moving to an assisted living and I decided to rent out her condo to help with the payments. The asssited living home payments is $2900 per month and the rental from the condo i... Read more »

How do I make an estimated payment due to a windfall?


November 20, 2014, 8:22 pm

Hello, As one of a few heirs, I will be receiving a 'windfall' this year from a deceased relative's IRAs, originally held by the decedant, and never placed in her trust. After death, the execut... Read more »

i want to know how much tax deduct on $250 as refferal bonus ?


November 20, 2014, 8:19 pm

tax rate on refferal bonus? Read more »

If my employer provides a nanny for me, is it taxable income?


November 20, 2014, 2:11 pm

I've been working so many hours at work that I can't sustain the pace without some substantial child-care help around the house. There's no sign that it's going to let up any time soon. If I ask ... Read more »

What's the due date?


November 18, 2014, 10:04 pm

I have a Subchapter S corporation that was disolved November 6, 2014. I assume the final 1120-S will be a short year return ending on that date. But when is the return due? Does 15th day of th... Read more »

When are the taxes considered paid?


November 17, 2014, 9:23 am

Consider the following chain of events. Joe never bothers to request extensions for late filing of his tax return. March, 2013: Joe does a rough draft of his 2012 taxes. He estimates that he over... Read more »

Amended return for a change in stock cost basis is causing changes in the 1...


November 16, 2014, 3:14 am

My dad is working on an amended return for 2012 because he understated the cost basis for some stock sales and has an overstated capital gain. He is using a report function in Quicken. When he made... Read more »

Click here for other recent discussions »

The best rated discussions

rating
5

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 »

rating
5

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 »

rating
5

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 »

rating
5

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 »

rating
5

Ohio Source Income


We had a TCE client yesterday who is a MD resident and the sole beneficiary of a testamentary trust managed in Ohio. The income is all from interest and annuities and is all paid out to the benefici... Read more »

rating
5

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 »

rating
5

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 »

rating
5

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 »

rating
5

Qualified Charitable Distribution from IRA


Has anyone seen any details on how the mechanics of the QCD will work? The only thing I've seen is that the gross amount goes on 15a, the taxable (if any) on 15b, and QCD on the dotted line. Nothing ... Read more »

rating
5

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 »