Latest threads in Taxes General Forumshow only best voted threads
| Subject | Author | Posted | Replies | |
|---|---|---|---|---|
|
|
Twist on renting 2nd home
A client who resides in Wisconsin purchased a 2nd home in Florida and rented it at FMV to my daughter. He also spends 5 months in the Florida home during the winter. She set aside a large bedroom for...
9
|
12 years ago
|
9 | |
|
|
"liquifying" Annuity with annuitizing
I have a Jackson Perspective L Series Fixed & Variable Annuity. I'm age 65. Wanted to annuitize so I can start withdrawing money each year but agent told me annuitizing right now with low interest...
—
|
12 years ago
|
— | |
|
|
Simplest Way to Do Accounting for Employee Use Vehicle
I am trying to understand what is the simplest way for an S-Corporation to do the accounting for a vehicle that is used by an employee who is a 2%+ shareholder of the corporation. Assume the vehicle...
1
|
12 years ago
|
1 | |
|
|
Changing an Inherited IRA
My 92 year old mother inherited an IRA from her husband 3 years ago. It was titled Fbo "Mothers Name" INHERITED IRA, AS BENE OF "husbands name"IRA. She wants to change it to her own IRA. The reason...
3
|
12 years ago
|
3 | |
|
|
CA FTB Audit of Cancellation of Debt Income & 1099-C
The latest newsletter from the CA FTB provides information on an audit they performed on the reporting of CODI by CA taxpayers. The item I found of interest was that more than 50% of the taxpayers had...
—
|
12 years ago
|
— | |
|
|
Schedule L--2010 ..Does IRS Permit Standard Deductions PLUS Real Estate Taxes?
I just want to be certain that the law as to Schedule L (permitting Standard Deduction PLUS state/local real estate taxes for 2009 tax year, but apparently NOT for 2010 tax year) has in fact been...
1
|
12 years ago
|
1 | |
|
|
CCH Tax News Headlines - September 29, 2011
CCH Tax News Headlines - September 29, 2011 _Individuals Did Not Have Cancellation of Indebtedness Income for Tax Year at Issue; They Were Not Liable for Accuracy-Related Penalty (Kleber, TCM)_ (...
—
|
12 years ago
|
— | |
|
|
Standing to claim asset
I was sure that I knew the answer to this question, but was told by a CPA that I was wrong. Please help: Situation 1: Developer builds commercial building which is divided into multiple units....
—
|
12 years ago
|
— | |
|
|
Self Employed Health Care Deduction--Are Payments for Medicare Included?
For 2010 the instruction book for Form 1040 (at page 29 for Form 1040 Line 29) clearly says Premiums paid for Part B Medicare ARE included for purposes of the Self Employed Health Care Deduction. For...
8
|
12 years ago
|
8 | |
|
|
Paying Someone Else's Deductible Expense
A question pops up every so often (10 years or less) asking whether the taxpayer can deduct the property taxes or mortgage interest that they paid for someone else. Typically, this involves parent(s)...
14
|
12 years ago
|
14 | |
|
|
Why didn't the IRA process my return, and what does it mean?
I sent in an amended 2007 1040 on 4/12/11, according to my certified mail receipt. I was carrying back foreign tax credits from 2008 to 2007, and expected a $2500 refund. I did the same thing for my...
1
|
12 years ago
|
1 | |
|
|
CCH Daily State and Federal Tax News Headlines - September 28, 2011
CCH Daily State and Federal Tax News Headlines - September 28, 2011 _? Older posts_ ( _New York ~ Personal Income Tax: Two-Year Deadline for Spouse to Request Equitable Relief Eliminated_ ( Posted on...
—
|
12 years ago
|
— | |
|
|
CCH Tax News Headlines - September 27, 2011
CCH Tax News Headlines - September 27, 2011 _Spouse Entitled to Innocent Spouse Relief Regarding Disallowed Gambling Losses (Harbin, TC)_ ( Posted on _09/27/2011_ ( by _CCH_ ( An individual was...
—
|
12 years ago
|
— | |
|
|
CCH TAX NEWS HEADLINES - SEPTEMBER 26, 2011
CCH TAX NEWS HEADLINES - SEPTEMBER 26, 2011 _Outlook Uncertain for Passage of President?s Tax Proposals, CPAs Say_ ( Posted on _09/26/2011_ ( by _CCH_ ( President Obama?s recent tax proposals are...
—
|
12 years ago
|
— | |
|
|
social security payments increased?
Suppose you are collecting social security benefits and keep working, and suddenly get a big raise. Thus you pay more into the social security system. Does your benefit increase? They benefit formula...
3
|
12 years ago
|
3 |