Latest threads in Taxes General Forumshow only best voted threads
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how to report proceeds from security class action suit
I received $3K from the settlement of the Lehman Brothers Litigation. How should I report that next year at tax time?
3
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10 years ago
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3 | |
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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. We...
2
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10 years ago
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2 | |
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Tax liability after estate has distributed all funds
My brother became the trustee of my mother's estate upon her death in 2010 (no surviving spouse). All of the funds in the estate have been distributed to beneficiaries, and there was no probate....
5
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10 years ago
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5 | |
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1040NR 1099-B
I need to file the 1040NR of 2011. I received the 1099-B from the bank. Income tax withheld = 0 (zero) I sold 2 funds with losses (short-term and long-term) on both Where in the 1040NR do I write the...
15
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10 years ago
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15 | |
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What are the tax consequences of taking money from my 401K, I'm 74, and donating
I would like to fund a Gift Annuity and I do not itemize so I would like to donate directly from my 401K to fund this gift annuity. Would there be taxes that have to be paid on the money I take from...
5
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10 years ago
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5 | |
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Investment legal fees added to basis?
A number of years ago I invested $100,000 in a startup that failed. I had $15,000 in legal fees associated with the investment. Is my basis $100,000 or $115,000?
8
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10 years ago
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8 | |
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Charitable Contributions
I recently received a question, and couldn't come up with a definitive answer: The Code says that a qualified nonprofit that grosses less than $5,000 per year isn't required to file with the IRS to...
10
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10 years ago
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10 | |
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? on reporting loss of rental property on 4797
I sold 2 rental properties last year one with a gain one as a loss- both were owned long term. Both were entered on form 4797 part 1. The gain went to form 1040 as taxable income. I would like to take...
2
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10 years ago
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2 | |
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Tax on (1) Sale or (2) Exercise of Call Option?
On Jan 3, 2013 I buy call options on stock A which expire on Jan 18, 2014. I have two possibilities: 1. On Jan 5, 2014, I sell the options at a profit and the profit is treated as a Long Term Capital...
4
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10 years ago
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4 | |
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why no auth required w/ efiled extension?
Everywhere in the IRS web site and form instructions, it's said that you only need Form 8878 signature authorization to efile an extension (Form 4868) if direct debit is being authorized via the PIN...
4
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10 years ago
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4 | |
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Railroad retirement 1099 R
Retired for several years, the line 3 amount on my annual RRB 1099 R never changes. The explanation on the back of the form explains this is the amount contributed in excess of what would have been...
3
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10 years ago
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3 | |
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Death tax 2013
What is the ceiling and tax rate for 2013.
3
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10 years ago
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3 | |
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Capital Gains tax for 2013
Selling business equipment. If there is a long term capital gain on the sale of equipment (because the depreciated value is less than sale price of the equipment) ...what is the capital gains tax...
4
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10 years ago
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4 | |
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Signing as the tax preparer for a state legal Marijuana distributor.
Anybody have any idea if signing a return as the paid tax preparer, for a state legal marijuana business, is asking for trouble?
2
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10 years ago
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2 | |
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Refusing the income from a trust fund.
I know one can refuse an inheritance, but can one refuse income from a trust fund without gift tax consequences? For 28 years, I have been receiving quarterly checks from a trust fund set up by my...
22
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10 years ago
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