Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
How should Lessee record reimbursement by Lessor
Tenant has signed a lease for a restaurant and spent about %50,000 for remodeling. The landlord also has paid the contractor $30,000 on behalf of the tenant. Should the Tenant book the total...
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Efile rejected but accepted with 2011 fraudulent return info
I had ID theft in 2011 where someone filed a fraudulent return using my TIN. It was finally resolved around March of this year and I received my refund. So I tried to efile my 2012 return Tues night...
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HSAs under the ACA
Much confusion whether there will or will not be HSA compatible plans offered in California. As far as I can tell at the moment, they are offered but not through the California Exchange - no mention...
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Medical Insurer HSA eligibility reporting?
Are there any existing IRS reporting requirements for medical insurers related to HSA eligibilty? In other words does the IRS have any method short of an audit to know whether a person's medical...
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deductions/take home pay after divorce
In my divorce settlement I am paying 40% of my income to my wife. Since my taxable income is going to be greatly decreased, what should I do to increase my take home pay. I'd rather not get a 20k...
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Transfers out of the USA
A client asked me if there are any restrictions on sending money outside the country (USA). I've never heard of any (other than possibly having to file a gift tax return) and that's what I told her....
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Transaction Tax on Stock Purchase Sale
Interactive Brokers (IB) reports a withholding tax on dividends paid by foreign stock on the 1099-DIV. The IB Activity Statement records an additional tax "Transaction Tax" assessed by some exchanges...
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Dividends Paid to a Broker When Short a Stock
How should one claim the dividends paid to a broker when short the stock? It seems to me the right way to do it would be to net the dividend short versus long and report that on 9a of the 1040. The...
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Corp returns - not yet received prior year tax refund of overpayment?
My small C corp is on a 6 month extension till 10/15/2013 for 2012 taxes (fiscal year ends 1/31/2012). On the corp's 2011 1120 form (as well as the NY CT-3) the corp had an overpayment that the corp...
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Tax Planner That Models 1099 Forms
I am looking for tax planning software that will let me enter in 1099-DIV, 1099-INT, 1099-B, 1099-OID, etc *for each issuer*. The trick is I don't want a dummied down package that hides the details of...
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Rental Condo subject to ground rent: is entire purchase price depreciable?
I am evaluating a the purchase of a single family house in a beach resort community in Delaware to convert to a rental. The house is legally setup as a condominium and is subject to an annual ground...
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No penalty for late return if refund is expected?
I filed for an extension. But I'm still missing a W-2. It's "in the mail" (I believe it). But I will not see it for 3 weeks because I am going out of the country. I have no records of my own to fall...
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Severance pay not subject to FICA
What need to be done by an employee to safeguard the right to a refund in case the supreme court uphold the ruling that Severance Pay is not subject to FICA? Should the employer neglect to act or miss...
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Quarterly Advisory Fee
I have an IRA that is managed by Fidelity. Until now the quarterly advisory fee was deducted from the account. These are not called custodial fee on the invoice but specifically "advisory fee". If I...
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Filing Extension
I did not receive all of my income statements, so that I could file by 15 April. I filed for an extension (IRS & CT atate), and sent in far more than I willl ever owe. Now I am going to file, but I am...
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