Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
cap loss carryforward: do I have to use it?
We have a LT loss carryforward. Until now, we've just been applying the $3000 cap, against ordinary income. For 2012, we'll have significant capital gain, but also medical deductions that would...
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what is draft IRS 2012 form - community income RDP filers?
*Somewhere* recently I saw a news item about a new 2012 tax year form to be used for single/HOH federal tax filers who are subject to community income splitting as a result of married/RDP status at...
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Separate addresses bervause of health issues
Because of health issues, I have moved into a facility that can provide better living conditions than I can get at home. There is no plan for me and my spouse to divorce or legally separate. We will...
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What must I do change primary residence to satisfy the IRS?
I just bought a new home about 40 miles away. It is likely to appreciate, while my old house won't; so I am eager to make it my primary residence for tax purposes. I will put the old house on the...
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IRA result incorrectly processed as traditional instead of ROTH
an advisor deposited our money into a tranditional IRA instead of what was clearly written on the check for a ROTH account. How do we fix this problem w/o fees or w/o missing the 2011 contribution?...
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expenses of operating a marijuana dispensary/shop
Regarding whether expenses of operating a marijuana dispensary/shop are deductible. MARTIN OLIVE, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent court unanimously says that expenses are...
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new 3.8% surtax
cut and pastes from other newsgroup and a CPA's web page, questions are my own. ____________________________________________________________ NYTimes - What some investors Are Doing To Anticipate Tax...
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Audited Financials for 501(c)(3)
Under what circumstances does the IRS require audited financials from 501(c)(3)'s? Does any federal agency require audited financials from 501(c)(3)'s? Dick
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Dividends
This should be an easy question, but I wasn't able to easily find the answer - dividends are taxed as capital gain income. Is that right? Is that long term or short term capital gain? Thanks. ___ Stu
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Is Voice recognition software a medical deduction
I suspect I know the answer: only if it required for one's job-- but I'd like to hear other opinions. I am retired but my entire financial life is computerized, in addition to the normal email and web...
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Where do I mail the IRS?
I live in NYS and filed a 1040X April 2011. I got a rejection letter from PO Box 400, Holtsville NY in November 2011. I made the correction they wanted and mailed it to Holtsville. I just got another...
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Using IRA for Educational Expenses - Allowable amount?
In calculating the amount that I can withdraw from an IRA to use for educational expenses that will be exempt from the early withdrawal penalty, can I include the amount of loans incurred in a...
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Correctly filling out a 1116 carry back
In an earlier post I mentioned that the IRS rejected my amended 2007 return (amended to carry back 2008 foreign tax to 2007) for the 2nd time, demanding material they already had several copies of. I...
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value of illegal art and gift tax
There is an interesting article about the value of illegal art and gift tax. Some heirs inherited art that contains a stuffed bald eagle. Since that artwork was created, Congress passed a law banning...
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Quitclaim in NJ
Are there any government fee / tax involved in quitclaiming a property to a single memember LLC? The owner of the LLC and the property is the same person. Thanks.
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