Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Schedule A - Other Expenses Question
I have investment advisory fees from both my IRA and non-IRA accounts. Can the fees from both accounts be included on Schedule A - line 23, or is line 23 limited to expenses from non-IRA accounts...
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IRS faces law suit over paid-preparer rules.
"The Institute for Justice (IJ), a public interest law firm, is suing the IRS on behalf of three professional tax preparers over a rule mandating that they obtain a license to file tax forms for...
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MA tax/Health Insurance
My son lives in MA and is working on his state tax return. The tax return requires him to list who he has his health insurance with. Well, his insurance is changing on 4/1. Does he give the insurance...
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FY for individual
For reasons WAY too byzantine to get into here, I don't get my last K-1 until late July or early August. Since this started 5 years ago, I have just filed for the extension and then filed the return...
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Excess ROTH contribution
I had an excess ROTH contribution sent back to my after tax mutual fund. It was sent directly to the fund within Vanguard. The 1099R is coded 8J in box 7. In 2b, Taxable amount not determined is...
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employer trying to label me as independent contractor
Hi all, Started a new job 3 weeks ago after signing nothing. Professional capacity (obviously not CPA), paid with a company check - no withholdings. Asked, was told IK. This is my first time being...
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Tax Strategy - Should I selll stock and buy it back if I'm in the 10% bracket?
I have some stock that I have some gains on. Most years I'm in the 25% bracket. This year I might stay under the 10% level. What I'm wondering is if I'd benefit from taking the gains say on Dec 31st...
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Can Daughter Deduct This Interest?
1. Father and adult daughter jointly purchase house. Both names are on the title. 2. Only father's name is on the mortgage Jan-Oct 2011. Mortgage was refinanced solely by daughter in Oct 2011. 3....
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Schedule C form
Anyone doing their taxes using H&R Block online? I'm trying to find the Schedule C form. Is that the same as "Other Income"? I need to report income from selling iphone apps.
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Annuity payment question
My wife, age 68, purchased an annuity last year which pays her a fixed amount each month for the remainder of her life. When she dies her estate will receive a payment of at least what she paid to...
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Sale of personal residence - twice.
New client, so I'm missing some history. Taxpayer built home in 1995ish and resided in that home as their primary residence till 2005. Sold home in 2005 to a relative (if that matters) with owner...
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Depreciation schedule for doors and windows
I've looked through publication 946 and a number of other IRS advice, and I can't find anything clearly defining the depreciation schedule for doors and windows in residential rental property. A good...
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How to handle difficult clients
Have them killed. From the N.Y. Times via AP: a former tax preparer, I'd have thought this would discourage repeat business. http://www.nytimes.com/aponline/2012/03/05/us/AP-US-Tax-Fraud-Hitman.html
 
Georgia State Tax
I was wondering whether you can take a large deduction (truck) on top of the standard deduction that is allowed. In other words, if the standard deduction is $ 500 and the tax on the truck was $ 1300...
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Must a minor with small job, interest-bearing savings, and IRA contributions file?
17-year-old working part-time, making below the minimum required by the federal government to file taxes. He contributes to a Roth IRA, but not as a deduction from his paychecks. He has a savings...
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