Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
tax - different stock lots
I'll have to drag out my Schwab papers, but was thinking about stock sales... and how they are reported.. Since the 1040 just has a date & cost basis, how do you report or list multiple buys, and 1...
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Taxes related to inherited stock?
I inherited stock from my adult son (not a dependent), who died in 2012. The stock was held in a taxable brokerage account. First, the stock had a market value of about $30K when it was transferred...
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Payroll Tax
My total Social Security with no income is $900. What will my Payroll tax be ? PLEASE ADVISE...THANK YOU!
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Tax Changes
I sent out a letter just after the election describing what changes to taxes were to be expected for 2013. One specifically to my payroll, corporate and business owner clients telling them, begging...
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Re: Purchase of a biz a retail biz in California
Re: Purchase of a biz a retail biz in California I am in a dilemma re: allocation of assets in the purchase price. I am told that I should keep 2 contradictory considerations to keep in mind: 1. The...
 
Tax treatment of cost of single ticket for multiple drawings?
What is the tax treatment of a lottery season ticket or any other lottery/raffle ticket where a one-time payment enters you in a set of periodic drawings that spans the end of a calendar year?...
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Amending return that has been audited
When the IRS audits a return and disallows a deduction or a negative income item (loss), do they give the taxpayer the opportunity to make other changes to the return to remove optional income items...
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Depreciation of Improvement non-Residential rental property
I own 50% of a property that is a medical office condominium (in a building that consists of a number of these units), and is leased to a third party. As owner, I am also responsible for a percentage...
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HSA Question
I just got a check from Blue Cross that said I was a "qualified participant in their individual deductible credit program. This exclusive program was designed to increase the value of your health...
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How do I deduct donated business services on my 1120S?
We donated electrical services to two non-profit organizations and we're an S Corp. How do we deduct the value of these services on 1120 S?
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Why isn't everyone audited?
If you walk into any retail store, someone will gladly spend their time to sell you an item worth just a few dollars. With the IRS, you are sending them tens of thousands of dollars, yet never have...
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HSA distributions
Did I get this right? Taxpayer (2010) contributed $2,000 to a health savings account (HSA). Her employer contributed $400. During the year, $2,700 was distributed (there was a balance in the account...
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End of year checks
If I write a check to a charity on December 31, 2012 (dated 12/31/2012) and drop in the mailbox before midnight, does it count as a 2012 deduction, even though the check won't be received and cashed...
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Primary Residence to Rental Property
I lived in my home for 18 years, paid 80,000 for it in 1994. It's worth about 150,000 now. My problem with taxes now is that i didn't keep up with all receipts for improvements and repairs made over...
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Who is responsible for income taxes
Over the years I puchased thru the employees stock purchase plan several hundred AT&T shares. I put them in joint tenancy with my daughter, and we used her Social Security number as her income tax...
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