Latest Taxes General Forum

Subject Author Posted Replies
 
PPP question
I am a part owner of a small biz. I worked in 2019 at this biz but NEVER took a salary. I have been working in 2020 as well. Since the PPP loan forgiveness application form states that the salary cann...
1 week ago 1
 
Foreign Capital Gains
Do I understand correctly. I go to Foreignland with $100 in my pocket, and buy Foreignmoney. The Foreignland economy does well, and their currency gets stronger. I then take this Foreignmony and buy $...
1 week ago 2
 
Second Round of Stimulus Payments -- What the House Said
The talk is that the Senate will not pass this bill. There may be a compromise bill. * "Health and Economic Recovery Omnibus Emergency Solutions Act" If the House could take so much trouble to come up...
1 week ago
 
Question about closing a california employer edd account
2 weeks ago
 
My decedent got a letter
I got a letter from the IRS addressed to <decedent's name> DECD % <my name> <My address> Take a look at and see what it said. Funny, my wife and I got our money, direct deposit, and that letter about ...
2 weeks ago 3
 
Question on "Husband Wife"
Are husband and wife (franchisees of a small business) treated as ?one person? when it comes to the $100,000 limitation on salaries with respect to the PPP program? Or can they each get paid upto $100...
2 weeks ago
 
EIN
Does anyone know what's going on with the IRS and EIN's? Person is a foreign individual who created a US nonprofit corporation. He applied for an EIN months ago, and hasn't received it and hasn't been...
3 weeks ago 2
 
Returning erroneous stimulus payment
The IRS has now issued instructions for returning an erroneous stimulus payment. See Q41 at the following link. (Just added today.) Sandler Remember that IRS instructions in a FAQ are not authoritativ...
3 weeks ago 25
 
EIDL Website?
I hope this isn't off topic. I have a non-tax question about the Economic Injury Disaster Loan (EIDL) website availability. The site in question is the Small Business Administration (SBA) site upon wh...
3 weeks ago 1
 
Time to exercies Stock Options
I have heard from someone who has to exercise non-qualified stock options within the next few days, but can't reach anyone that would allow him to do that. I've found everything I could on the IRS web...
3 weeks ago 1
 
Some information about stimulus checks and the deceased.
My son's stimulus check arrived in the mail yesterday and I noticed that on the envelope there was a check-box for indicating that the recipient was deceased. Along with instructions to check the box ...
4 weeks ago 25
 
Old Stock Prices
Try one of these. Sandler The following link has about 58 years of data. Just change /IBM/ibm/ to some other stock symbol. When the page opens, just enter your date or date range. There are several we...
4 weeks ago 5
 
Sale of Rental Property
Hello, - I bought my house in 2006. This was my primary residence. - I moved out in 2008 and tried selling the house buy was unable to - I rented out the house from 2009 to 2018. - I finally sold it i...
4 weeks ago 1
 
Who Gets the Stimulus Check?
of 2020. She (apparently properly) claimed the kids as dependents in 2019. She received a stimulus check of $500 with respect to each of the children. Who gets to keep the money, she or the kids' pare...
1 month ago 7
 
Deductible charity donations
I contribute to a number of animal welfare and rescue organizations, not all of which are US based. Are non US organizations legitimate deductions? Eg SOI Dogs, Takis Animal Rescue (Greece), let?s Ado...
1 month ago 3