Latest threads in Taxes General Forumshow only best voted threads
| Subject | Author | Posted | Replies | |
|---|---|---|---|---|
|
|
substitute W-4
Do you have to file paper return with Form 4852, substitute W-2? Proseries program says this form is not sent with e-file, just the W-2 filled out with the info. Thanks
1
|
12 years ago
|
1 | |
|
|
Group term policy payout taxable?
One of the other counselors at the TaxAide site I volunteer at saw this. (It was a different day than I volunteer so I haven't seen the W-2 in question): [Taxpayer] also got a large life insurance...
3
|
12 years ago
|
3 | |
|
|
Bad Debts with Cash Accounting?
Is it legitimate to deduct a bad debts expense for unpaid client bills when your accounting is on a cash basis or is that only allowed when you are on an accrual basis and have already accounted for...
4
|
12 years ago
|
4 | |
|
|
Pros/Cons of an S-corp vs. LLC for a handyman/repairs business
For someone who wants to create an entity for their handyman/home-repairs business, what are some of the pros and cons of setting it up as an S-corp vs. an LLC? I know, of course, that one should talk...
13
|
12 years ago
|
13 | |
|
|
margin interest deduction?
If I do not itemize (and I am not an investment pro), is there any way to deduct margin interest paid? Mel
16
|
12 years ago
|
16 | |
|
|
nonprofit starts a for-profit -- a tax question
Our tax exempt 501(c)3 nonprofit corporation was to start a for-profit enterprise. Our plan is to form a separate for-profit corporation or LLC where the nonprofit owns all of the shares of the...
13
|
12 years ago
|
13 | |
|
|
Legality of doing gratis returns for family or friends?
Now that the new Registered Preparer regime is in effect, what's the legal status of a non-registered person doing a return for relatives or friends as long as any returns are done for no compensation...
12
|
12 years ago
|
12 | |
|
|
Form I-9 required for subcontractors?
I was about to send a Form I-9 to a client for him to give to subcontractors, but noticed that the instructions defines employer as "including those recruiters and referrers for a fee who are...
—
|
12 years ago
|
— | |
|
|
1099-DIV Line 6; Foreign tax paid
I have a mutual fund for which Line 1a, Total ordinary dividend, is the sum of actual dividends paid and the Foreign tax paid on Line 6. What is the rationale for adding those items together? Is it...
3
|
12 years ago
|
3 | |
|
|
Insurance repair on rental property
Hi, I received an insurance claim for hail damage on my rental property. I paid the whole amount to a contractor who performed the items in the claim - new roof, new siding on 3 sides, new gutters....
17
|
12 years ago
|
17 | |
|
|
Section 481 adjustment and related company
Client C corporation "B" is related both to an investor C corporation "A" and a new operating C corporation "D." A and B have been on a cash basis of accounting as between them, and we don't...
—
|
12 years ago
|
— | |
|
|
Medicare Part B premiums for self-employed persons
My wife (who turned 65 last year) is a self-employed person who had a net profit in 2011. She also had a part-time job that paid her W-2 wages but which does not offer health-care coverage to...
18
|
12 years ago
|
18 | |
|
|
Non Resident Non Citizen Capital Gains from Limited Partnership
If a non resident and non citizen (NRNC) trades securities in a registered broker dealer account, they pay withholding taxes on dividends, but they do not pay US tax on capital gains. If the NRNC...
—
|
12 years ago
|
— | |
|
|
Newly divorced in NY, how do I file 2011 taxes?
Hello. I am divorced for 2011 in NYS. Ex-wife moved out of house and I get to live in house and try to sell it, no easy feat. My two kids, 23 and 20, still live with me at the house. In 2011 my 20...
4
|
12 years ago
|
4 | |
|
|
Hud settlement - points
Settlement sheet #801 has Origination charge (including origination points $0) of $866.95 on loan of $149900. No points on 1098. We often see origination charges here that we deduct as points paid on...
1
|
12 years ago
|
1 |