Latest threads in Taxes General Forumshow only best voted threads
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Employee business expense tools
Employee - mechanic - must purchase own tools. I understand if small tools it's deducted on schedule A subject to 2%. What if they are large tools - $500+? Depreciate? Sec 179? and bring also to sch...
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12 years ago
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Police officer on duty meal allowance
Police officer has on-duty meal per diem included in W-2 wages. Can this same amount be deducted on 2016 and thus schedule A? thanks
6
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12 years ago
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Loss in S Corp
Another one of my relatives who is under the delusion that I am knowledgeable about taxation asked me to post this. Scenario: 1. Taxpayer is sole owner of S-Corp. 2. S-Corp has a $900,000 Line of...
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12 years ago
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California estimated LLC Fee
This is the "fee", not the "tax". The "tax" is a fee, a fixed amount per year. The "fee" is a tax, based on gross receipts. Anyway, there appears to be no safe harbor for the estimated fee. So, if you...
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12 years ago
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FTC vs FEIE
With thanks to those who have addressed this issue in the past... I am now at the point of actually, finally preparing a 2011 return with my foreign spouse. Somewhat educated, somewhat befuddled. All...
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12 years ago
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1098t effects two years
2010 Claimed education credit for costs paid in 2010. Graduated in the December. Owed nothing. Received scholarship for 2010 in 2011 and received 1098T for that amount. With no education costs this...
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12 years ago
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NRA and withholding taxes
I thought the U.S.' 30% withholding tax is only on dividends. But I noticed that my U.S. broker is withholding on ST capital gains as well. And they tell me they will withhold 30% on LTCG and interest...
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12 years ago
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Late Foreign Tax Refund
I just got a foreign tax refund for 2010. It would not affect my US tax, as even with the refund my foreign tax is more than I was allowed to deduct on my Form 1116. It would, of course, affect my...
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12 years ago
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Single - dependent of parents - child EIC?
Single 19, not student Lives with parents Income only $2500 and qualifies as parents dependent Qualified relative Has custody of child who also lives with parents Gave baby's father deduction for year...
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12 years ago
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1 | |
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Putting personal "benefits" on my W2
Our company has a part time handyman, and right now his work load is really slow. Could I have him do work at my house as long as I added the fair value of his work to my W2? For various insurance...
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12 years ago
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3rd Party Preparers Will Lose Privilege of Delivering Returns In Person to IRS
I have learned that beginning with the 2012 filing season the IRS will no longer accept tax returns from tax return preparers at IRS Taxpayer Assistance Centers.
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12 years ago
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Foreign Spouse Tax Issues
Readers of this group will recall ad nauseum my questions about tax treatment for a foreign spouse. Well we did get married and she is a U.S. legal resident and I'm actually trying to prepare a...
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12 years ago
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Claims for dependency
I believe that even if a baby is born on the last day of the year, you can claim it as a dependent for that entire year. But how does it work at the other end? My MIL has been our dependent for over...
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12 years ago
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NYS' eFile Mandate
According to NYS' web site: Partnerships must e-file if they meet all three of these conditions: Prepare tax documents themselves, without the assistance of a tax professional; Use approved e-file tax...
4
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12 years ago
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Withheld FICA and Medicare for babysitter, didn't have to
I withheld FICA and Medicare from the paycheck of our babysitter last year. Looking back at our records for last year, it turns out we paid her just under $1,700 for the entire year (no, we aren't...
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12 years ago
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