Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Winnings From Gambling
I know some buddies who occasionally drive to Oklahoma and gamble at a casino. They have never received any tax-related document from the casino concerning their winnings. (Their winnings have been...
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Who deducts donation of property of deceased person?
My son died intestate, so we (parents) inherited his estate (under $150K). Calif law applies. In settling the "small estate" (informally), I donated his personal property -- furniture, clothing,...
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Discover Card Cashback Bonus
Every time that I use my Discover credit card they give me a small bonus which is called "Cashback Bonus". So far, I have accrued over $50.00 and I can use this balance as a credit towards the balance...
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Incentive to move Roth taxable?
I moved my Roth from Fidelity to Etrade and got $600. Is that taxable? Normally I would assume it was, but income in a Roth is never taxed, so maybe the incentive isn't either. Fidelity charged me $50...
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Wash sale Help please
Ok here is my situation, I traded stocks for 2 years and I was mostly unaware of how these differed in terms of tax then straddle trades but i'm coming to realize that I'm in big trouble. i'm a kid...
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Moving Income to Spouse
My wife may want to buy a condo, in her name only, and be limited by what the bank will consider as her income. She currently lives in Canada but assume this all takes place after she has moved to the...
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Contacting the Taxpayer Advocate?
I had a problem that went on for 3 years because no one at the IRS seemed to be able to understand it, and no one would talk to me. I contacted my congressman, who put me in touch with the Taxpayer...
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Requirement to hand over FSA-relevant information?
I have a friend who is in a dispute with a daycare provider. The daycare provider is refusing to issue receipts for services already rendered and paid for and is refusing to say what their EIN is....
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Question about potential circumventing federal FIRPTA withholding
Hello, Thanks in advance for any assistance. I have a client who now lives overseas that may be selling their house in the United States for just over the $300,000 threshold so FIRPTA withholding may...
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Looking for word to describe a tax related legal situation
I received a question from a reader. Two IRA beneficiaries, siblings, one proposes to disclaim his share so the first can take withdrawals at his zero-state rate and lower federal rate, only to return...
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401(k)->roth ira
Can I convert my old 401(k) directly to a Roth IRA without any tax problems. I get easily confused if I need to pay taxes for the conversion like you do regular to Roth Conversions.
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forgot to deduct from expenses the amount that was depreciated
In doing my 2012 taxes I found that last year I failed to deduct from total expenses on a rental property the amount that I put into depreciation. So I've depreciated appliances for 5 years and taken...
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Re: Can't figure out IRS tax calcualation
never mind. Taxpayer was subject to the AMT, and didn't fill out that form correctly. Apparently the IRS did, but was keeping it a secret.
 
CP11: Can't figure out IRS tax calcualation
Taxpayer received a CP11 requesting more tax to be paid. It says Taxpayer should have calculated tax using Schedule D Tax Worksheet or Qualified Dividends and Capital Gain Tax Worksheet. Taxpayer did,...
 
IRS says I paid too much; do I just accept that?
I just got a check from the IRS, saying I calculated my tax wrong. I used H&R AtHome. I went over it and don't find any entry errors, though I haven't manually done all the calculations. Do I just say...
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