Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
How many individuals do their own tax returns?
Are there any statistics on how many individuals do their own tax returns using tax software (such as turbotax) or without just the old fashioned way? If you could point me to something I would be...
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Does WY LLC need to file as foreign corp in GA if doing business development?
I am interested in forming a Wyoming LLC for the purpose of conducting business development activities on a global basis for 3rd party organizations primarily in the online media space. The...
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consultant based in one state who gives services to people in other states but never steps foot there
I am based in South Carolina and am thinking about opening a consulting computer programming business where I login to businesses' computers remotely across the country and do programming on their...
 
PTP (MLP) sale: estimate 'gain'
I'm thinking of selling some PTPs (specifically, OKS & DCP, pipeline MLPs). The sale will produce both capital and 'ordinary' gains. If it matters, these MLPs have always reported losses (mostly box 1...
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What are my responsibilities if I suspect too many dependents being claimed
A family files an ITIN tax form claiming an inordinate amount of dependents which I know will result in a huge refund. What am I required or allowed to do to verify that the dependents are legitimate.
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Calif tax safe harbor question
I have been residing outside of California for 1.5 years. I still have a home and car in California. I am a registered as a driver in another state, registered to vote in that state, have another car...
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Levying 1099 income and payment of several past due tax years
Hello everyone, Situation is - client owes over $100K in past due taxes, penalties and interest for 2009, 2010 and 2011 and the IRS has sent a notice of Intent to Levy. Client is a self-employed real...
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PTP cost basis
How does one determine the cost basis of an investment in a PTP where the units have been purchased on more than one occasion. Example: Buy 100 units of PTP on 1/1/2012 for $50/unit. Buy 200 units of...
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Software Consultant Sole Member LLC in Williamson County TN: Licenses and Taxes
I am a software developer / IT consultant trying to establish my own software consulting business. I have established a sole member LLC on the TN secretary of state website and registered the LLC with...
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RMDs for pension annuity?
I know that RMDs apply to IRAs and 401(k). Do RMDs apply to pension annuities? Any pointers to IRS explanations (esp. Pubs) would be appreciated. Everything I have found online so far suggests the...
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How do I handle an unusual capital loss
I invested $100,000 in a small business in 2000. Last week I sold it for $100. Do I just list it on the Schedule D and provide documentation if the IRS wants it, or do I include documentation with the...
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payments scheduled on 4/15 but appear later in bank statement
My 4868 was filed on 4/15 with payment scheduled for that day, but the bank statement shows the money was taken out of my account only on 4/18. As for CA Webpay, I logged in 4/14 at night and...
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Married filing Separate
Are there any exceptions to married filing separate to those separated for 10 years, no contact, no kids. Can one ever file single? tks all
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What tax form for Home Sale Exemption ?
Do I fill out IRS Form 8949 or IRS Schedule D for a Home Sale Exemption ? ..and which lines?
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wash sale confusion
OK, is there anything that causes more confusion (besides some of the depreciation conventions) than the wash sale rule? Suppose I buy and sell XYZ on 4/1/13 for a $200 loss. I now buy and sell the...
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