Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Hardship release of Pennsylvania tax lien?
A disabled person has a Pennsylvania tax lien against him for unpaid personal income tax (from the late '90s). As his only income is Social Security disability benefits, he is unlikely to be able to...
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us citizen kid of non-resident parents
Hi, I'm wondering if I can claim my kid who was born in US as a dependent. I'm filing tax refund as a non-resident and not from Mexico, Canada, South Korea, or India. Thanks CC
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2012 Offshore Voluntary Disclosure Program
The IRS announced in January the reopening of this program. For the new program, the penalty framework requires individuals to pay a penalty of 27.5 percent of the highest aggregate balance in foreign...
 
Original Interest Discount and Accrued Interest Confusion
I have tried to puzzle this out and my head is about to burst. 1) I owned a Municipal bond all year and received two interest payments. But my statement also shows $31.60 in Original Issue Discount....
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Is IRS Required to Produce Proof of Asessment Upon Written Request?
A client has been levied in 2010 (Social Security Disability check no less) based on a civil fraud case going back to the 1990 tax year. After multiple requests (raising the collection Statute of...
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Parking Fee @ customer; Std Mileage method; Deduct?
I am self-employed. I paid some fees to park at a customer premises (large medical center). I will be using the standard mileage method for car expenses. Are the parking fees deductible as a regular...
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How do I enter Accrued Interest paid on purchases?
I won't be paying tax no matter how I do this; I just want to do whatever will make the IRS happiest. I got a 1099INT that has taxable interest, treasury interest, and municipal interest. There is...
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Computers: Section 529 and American Opportunity Credit
Section 529 plans allow for the purchase of a computer if the school specifically requires a computer for enrollment or attendance. The American Opportunity Credit allows for the purchase of computers...
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Reporting Class Action Settlements
As a result of having several "managed accounts" in our investment portfolio my wife and I are the recorded buyers and sellers of an awfully lot of different stocks and bonds, with frequent turnovers...
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SMLLC FOR RENTAL PROPERTIES, EIN OR SS# ON 1099'S?
For 2011 client has SMLLC(disregarded entity) to house residential rental properties (Schedule E). The LLC has a EIN because the entity was a Partnership in prior years, but now only the one partner...
 
From OP:
Hello, Just a quick thanks. Appreciate your time in answering my questions. Very clear explanations. Regards, Bob
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For Mr. Bill Brown & Adam Kerman (Re My Previous Post On SSN And Filing); New Questions, Please
Hello, Thanks for the previous replies to my Post where I was wondering how my son and daughter in law should handle not having a SSN for their adopted child (last year adoption). Thought it best to...
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Foreign tax carry forward
I spent all of 2010 living in Europe, so for 2010, I filed in both the US and the foreign country, paying the latter a ginormous sum of money. Both returns were prepared by an accountant, and I took...
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Update on IRC 107 Challenge / R.R. 70-549!
It's been quite awhile since I posted here, but recent discussions elsewhere and with others privately have led me back here. I thought I would make an appearance and ask a favor. Consider the...
 
Proper Sched C category/description for attending a trade conference?
Taxpayer is a sole proprietor. Business is a consultant/independent contractor in a particular field (*not* related to investment, income-producing properties, or finance). Taxpayer attends a trade...
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