Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Donation of Real Property
Client wants to donate piece of real property to a church, and the church sell it to a new buyer (purchase price is $11,500). Do we have to do a deed to charity and then have charity sell; or can we...
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CCH Tax News Headlines - June 9, 2011
CCH Tax News Headlines - June 9, 2011 Federal Headlines: 6/9/2011 - _Exempt Status Lost for Thousands of Organizations; Procedures for Reinstatement Issued; Relief Provided for Small Organizations...
 
CCH Tax News Headlines - June 6,2011
CCH Tax News Headlines - June 6,2011 Federal Headlines: 6/6/2011 - _Changes Proposed for New Markets Tax Credit Program (IR-2011-61; NPRM REG-101826-11; Advance NPRM REG-114206-11)_ ( 6/6/2011 -...
 
step up cost basis of stock
To step up cost basis of stock should I use the low price, close price, average of these two, open price, or close price?
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Need your $.02 worth (literally) on this IRS issue
After recently satisfying a 2009 underpayment notice from the IRS, we received a refund check for $16.31 due to their recalculation of the interest owed. However, the documentation of this refund came...
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CCH Tax News Headlines June 3, 2011
CCH Tax News Headlines June 3, 2011 Federal Headlines: 6/3/2011 - _IRS Taking Steps to Combat Identity Theft, Shulman Says_ ( 6/3/2011 - _Costs of Providing Foster Home for Feral Cats Were Charitable...
 
Form 8554 now available - EA's in the current cycle can now renew.
't available last night. They intentionally waited.... http://www.irs.gov/pub/irs-pdf/f8554.pdf
 
CCH Tax News Headlines - June 1, 2011 Federal Headlines: 6/1/2011 - Final Re
CCH Tax News Headlines - June 1, 2011 Federal Headlines: 6/1/2011 - _Final Regulations Modify Standards of Practice Before the IRS, Establish Process for Becoming a Registered Tax Return Preparer...
 
CA To Fully Participate in Federal Treasury Offset Program Eff: 6-20-11
http://www.ftb.ca.gov/professionals/taxnews/2011/June/Article_3.shtml
 
'use tax' on out-of-state gift?
If I live in NY, buy a gift online from a VT vendor, and have it shipped to someone in MA, is there a sales/use tax owed? If so, by whom? (This is mostly hypothetical - the gift in hand cost only $15....
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A class action settlement... Is it taxable
As part of a class-action lawsuit, I will shortly receive about $7000. The other party spilled some oil in Buzzards Bay, MA, back in 2003. Any owner of waterfront property who participated in the...
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IRS demanding complete accounting files from small businesses
According to the WSJ, when the IRS audits a "small business" it is demanding an "exact copy" of the Quickbooks/Peachtree/etc. file. Not surprisingly, businesses aren't happy since this will also give...
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Roth Recharacterization Problems?!
I converted my $200,000 IRA to a Roth last year. I had an accountant do my tax return and was shocked by how much tax I had to pay on it. He tested a few numbers and we determined I should...
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CCH Tax News Headlines - May 27, 2011
CCH Tax News Headlines - May 27, 2011 Federal Headlines: 5/26/2011 - _Senate Rejects Holding Votes on Ryan and Obama Budget Plans_ ( 5/26/2011 - _Corporate Tax Reform Options to Await...
 
CCH Tax News Headlines - May 25, 2011
CCH Tax News Headlines - May 25, 2011 Federal Headlines: 5/25/2011 - _House Passes FAA Excise Tax Extension Bill_ ( State Headlines: 5/25/2011 - _Minnesota --Multiple Taxes: Legislature Adjourns...