Latest threads in Taxes General Forumshow only best voted threads
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Inherited condo sale
Family inherited a condo 4 years ago, family used it a few times for vacation, been vacant for most part. Never rented. The condo was sold at a loss, can the loss be used on a return since it wasn't...
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11 years ago
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Yearly Average Currency Exchange Rates For 2012
Where would I go to find the yearly average currency exchange rates for 2012? This table does not seem to be updated:
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11 years ago
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when adding lines 7 thru 21 and there is a neg # is it substracted on f1040?
line 14 is a loss on f1040
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11 years ago
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Questions for 1031 exchange
Questions for 1031 exchange 1. Can I sell a rental residential property and exchange it for a business ( example restaurant business)? Would such an exchange qualify for a 1031 exchange? Pls not in a...
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11 years ago
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Timing of estimated tax payments
In the past I was employed, and made estimated tax payments only to true up my tax paid against my withholding. Now I work overseas and do not have tax withheld. For reasons not worth going into, I...
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11 years ago
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"open transaction" versus "installment agreement"
The IRS says that an open transaction can only be used "in those rare and extraordinary cases in which the fair market value of the obligation cannot reasonably be ascertained." My accountant says...
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11 years ago
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1099-R is wrong what to do
I cashed out my retirement last year (approx 14,725) and because I knew there would be penalties I had them withhold approx $6500 - my payout was around $8500. Today I rec'd the 1099R and they say...
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11 years ago
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California Tax Break Unconstitutional
Due to a court decision last August, the State of California is now threatening to eliminate a tax break for small businesses, and go back and require payments of tax an interest for the last four...
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11 years ago
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SMLLC - owner on payroll
Can a single member LLC member/manager pay himself bi-weekly payroll checks right along with his other employees? Of course this would mean his payroll taxes being withheld and paid in addition to the...
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11 years ago
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1099-Q Rant
It seems Uncle Sam must take his cut, no matter what, and then some. There is a 10% penalty on withdrawals from a 529 plan that are not used for qualified educational expenses. In 2011, I made what...
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11 years ago
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1099-Q Questions
My daughter is in her second year of University. I have two 529 plans for her - a prepaid tuition plan and a plan for other qualified expenses (room, board, books). She receives scholarships that...
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11 years ago
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Re: On line Federal payroll tax withholding calculator???
Hi, I know this is an old thread, but I've created a Google Docs Spreadsheet Template for my business that anyone can use to calculate federal withholdings based on marital status, exemptions, and pay...
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11 years ago
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Domestic partnership NY and state taxes
I am currently in a domestic (opposite sex, if it matters) partnership. We registered with the NYC Clerk's office in late December of 2012. I understand that we have to file separate federal returns...
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11 years ago
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1099-C after Chapter 13 and filing tax return
This came up in an online bankruptcy forum and I am wondering what the correct answers may be to the questions that were posted there. The poster wrote that he filed a Chapter 13 bankruptcy that was...
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11 years ago
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Is bullion storage fee an investment expense deduction subject to 2% limitation?
Is bullion storage fee an investment expense deduction subject to 2% limitation? TIA
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11 years ago
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