Latest threads in Taxes General Forumshow only best voted threads
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Annuity in an IRA and One That's Not.
Last Year my wife purchased an annuity with some of the funds in her regular IRA. It is a "life insured" annuity which will pay her estate its full purchase price as a minimum upon her death, and...
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11 years ago
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Interest Reported in partner's SS#
I have two clients (A and B) who live in the same house. They are not married. Early in 2012, they BOTH signed a $50,000 note using that house as equity. This new note paid off their original home...
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11 years ago
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ITN and W7 Form Questions
Hi, I?m an American citizen residing in the Philippines. I have a 5-year old daughter for who has not yet been approved for American citizenship. My taxable U.S. income is low enough that not claiming...
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11 years ago
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Penalty for not making estimated tax payments?
Turbotax tells me I have to make a $2 estimated tax payment to get into safe harbor. What penalty am I looking at for ignoring that?
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11 years ago
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NOL attachment
Do you need any attachments to return for a year the NOL is carryforwarded to? Just put as negative on line 21 with explanation on line? thank you.
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11 years ago
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How do we reinvest money from a contract for deed sale
We are selling our business on a contract for deed. We'd like to reinvest as much as possible to avoid large capital gains taxes. We will be receiving $5400 per month for 15 years. How do we reinvest...
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11 years ago
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Does moving to Asia generate eductabile expenses?
Does moving to Asia generate deductable expenses? I finally got around to watching my recording of the first debate for President last fall, and I have a question. Mr. Obama said that there was a...
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11 years ago
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Relocation to the US: Dual status, 1040NR or 1040?
Hello, I came to California from Germany in October 2012 and work here on a H1B visa (I got an SSN) with my wife (H4 Visa, no work). I got a W-2 form from my employer. I am trying to figure out how to...
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11 years ago
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TT Bug
TT (specifically TT Deluxe Desktop but it may extend to other versions). I have imported my transactions to TT via a .txf file created by Gainskeeper. Everything works. The figures are fine. But in...
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11 years ago
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Claimed & received EIC already, but got Notice CP09 anyway
I filed a client's 1040 about three weeks ago, claiming the Earned Income Credit. The client has already received a refund of the amount expected. Today the client got a Notice CP09 from the IRS,...
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11 years ago
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retained earnings (AAA)
Company A merged with Company B with Company A surviving. How do you disclose the retained earnings (AAA) transferred/merged from Company B on the 1120s of Company A?
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11 years ago
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Original Issue Discount
I bought a bond on the secondary market in May 2012, at a discount; and sold it in Dec 2012. The brokerage firm sent me a 1099-OID. Is this OID actually an amortization of the bond discount? Do have...
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11 years ago
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question about W-2
I'm having trouble figuring out my w-2, so I'm hoping someone can help me. I've asked my HR department, but the way things are setup, there's no human-human interaction and the information I get by...
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11 years ago
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Deduction of annuity early withdrawl penalty.
Is the penalty imposed on an early withdrawal of an annuity tax deductible? tks all
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11 years ago
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Home office now turned rental - Handling depreciation
I had a home office for several years and claimed the deduction on my schedule C. The software I used automatically calculated the depreciation and multiplied by the ratio of my office sq. footage to...
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11 years ago
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