Latest threads in Taxes General Forumshow only best voted threads
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Making payment for someone else and then getting reimbursed
Our daughter incurred a deductible expense. My wife paid for the expense because my daughter didn't have her wallet handy and then my daughter paid my wife back. My daughter would like to deduct the...
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10 years ago
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7 | |
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How is TurboTax calculating depreciation?
I'm working on back taxes for a client and I have their 2010, 2011 and 2012 returns. They rent a townhouse on Schedule E and the depreciation is listed as follows: Cost (net of land): 169,518 Land:...
9
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10 years ago
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9 | |
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I setup an LLC back in 2006 simply to provide liability limitation but have never filed
Hello, This is my situation - I have a California C Corp in good standing. I am the sole owner. A few years ago (2006) I setup an LLC under that C-Corp just for doing the approximately $6k worth of...
6
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10 years ago
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6 | |
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Can cost of re-plumb be deducted as casualty loss?
I live in a 20-year old house built on a slab (no basement). The pipes for plumbing all run under the slab. One of the pipes developed a leak, causing some flooding damage. The alternatives for fixing...
5
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10 years ago
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5 | |
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New Form 8960 for NIIT (3.8%)
I can't find a draft form yet. Anyone have it or know when we might expect it? As well as further regulations?
12
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10 years ago
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12 | |
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allocation of income for content subscription
A company (partnership) sells access to digital content. Sales are to people in nearly every state plus many foreign countries. Nexus doesn't exist for income tax purposes unless an employee works in...
3
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10 years ago
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3 | |
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Is there a capital loss on sale of primary house?
I know there is no capital gain on a primary house, but I sold my house for less than I paid for it 20 years ago. Can I take a capital loss?
1
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10 years ago
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1 | |
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repaid unemployment insurance income
How does one correct the payment of tax on unemployment compensation if the amount was repaid in the following tax year? IE Paid tax on the income in TY2012 and repaid the amound received in 2013 thus...
3
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10 years ago
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3 | |
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Re: Boss did not withhold tax
"Metspitzer" wrote Expect your niece to get a W-2 with reported taxes withheld. They may gross up the pay to cover the taxes, that or just not have enough federal or state withholding. If the amount...
1
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10 years ago
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1 | |
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Sr. Citizen Question Re Google Financial
Hello, Am in my 70's now, and would be grateful for some help. Years ago, I used Google Financial to at least try to keep up with a modest portfolio. Haven't played with it, though, for at least the...
2
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10 years ago
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2 | |
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Medical Reimbursement Plan
Client owns 100% of what was a C Corporation which we changed to an S Corporation about 5 years ago. At the time, I told him the advantages and disadvantages. One of the disadvantages was that he lost...
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10 years ago
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Landlord moves back in
Not so hypothetical scenario: TP lives in TX, gets a job in MA, rents TX property out for 2 years. TX lease ends, tenants move out. TP's intent is to move back in and live there. The tenant left the...
3
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10 years ago
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3 | |
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Part time Employee
I have a part time employee that works 20 hours a week for a total of 80 hours a month. I pay her $1600 per month. But on my payroll stub I put salary of monthly salary of $1600 but no hours is on the...
7
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10 years ago
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7 | |
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DOMA and fed vs. state filing status
While part of DOMA was struck down, I heard a credible comment that the portion which says one state does not have to recognize another state's same sex marriage laws is still in effect. (I haven't...
22
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10 years ago
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22 | |
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AMT/ISO question
Last year I exercised 1000 ISO options for $1.00/share. FMV on the day of exercise was $16.00/share. So I reported $15,000 on line 14 of form 6251, and got to pay 35% on this (I was in the phaseout...
8
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10 years ago
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