Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Estimated Taxes
Hi, My wife has recently started working. This will be her first job in the USA. This job is not withholding taxes from her pay. I have to do estimated taxes. I am not sure how to do estimated taxes...
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Capital Gains/Losses  question
Re: Capital Gains/Losses  question I have accumulated capital losses over a few years. I am doing a 1031 exchange. If the sales proceeds are more than what I invest in the replacement property then...
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Info to calculate RMDs
After a little googling, I find I have no need to find out how much I have contributed to my IRAs and SEPs, I just do the calculations with the total amount. One reference said to calculate the amount...
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Suppose I appear on Judge Mathis' TV courtroom?
I was rear-ended in a traffic accident that caused structural damage to my car. While the other party's insurance fixed my car, my car has a tarnished record of being in an $5500 accident. It has...
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Question on K-1s
As an individual filing annual tax returns to the IRS, like W2's, does one have to submit K-1s with a 1040 tax return?
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When does helping keep up the house become paying rent?
This question is specifically asking about the technical definition, regardless of how unlikely it may be for the IRS to ever find out or care. Person A owns and lives in a condo unit. Person A's...
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"Agency fee" for business and personal insurance policies
I recently changed insurers (and insurance agent) for 2 policies. One of the policies is a "landlord" homeowners policy on a rental property; the other policy is a personal auto policy. The landlord...
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how to report PTP gain, if on two forms/schedules?
(Tables below are in fixed-pitch font, which works fine in Free Agent. If this is a problem for other viewers, I can try posting from a browser.) The scenario is a publicly-traded partnership (PTP),...
 
Anyone here knowledgeable with the current Canadian foreign trust law?
I recall that the Canadian foreign trust law requires tax and information filing compliance if a non-Canadian trust has a Canadian resident beneficiary. I want to set up a trust which assets will be...
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1031 question
In a 1031 exchange..... so that I do not have to pay any Capital Gains Taxes do I have to reinvest ALL of the sales proceeds in a 1031 exchange? In other words... If the property is sold for $400,000...
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HSA and record retention
How long should I keep information on HSA like deposits, payments for services, etc.?
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Question on AMT
Question on AMT Re: Line 54 of 1040 - Other Credits. Questions: 1. Does a figure on line 54 have any bearing on the AMT calculated, before or after AMT is calculated? 2. Does this figure get...
 
Basis for stock received from Crummy Trust?
I received a distribution of stock from a Crummy Trust. I assume my basis is the same as the Trust's, but do not know that for sure.
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Would you handle this the same as my accountant is?
I have a son in college, he is a dependent. He earned about $6,000 and filed a 1040EZ. If you inspect the 1040EZ, you check the box when you are someone else's deduction. He checked the box and mailed...
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How Do You Get Copies of 1099 Government Received?
Taxpayer is a California resident and received a 1099 from a 401K custodian for the 2015 tax year. The issuer of that 1099 is a large bank and they cannot find the 1099. How can any taxpayer get...
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