Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Are unemployment payments earned income for Federal tax purposes?
Are unemployment payments earned income for Federal tax purposes? Maybe more helpful is the reason I ask. A friend is receiving unemployment payments but also owns some stock in Borders. She would...
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IRS Issues Temporary, Proposed Rules Relating to Repairs of Tangible Property
The IRS released T.D. 9564 and proposed rules (REG-168745-03) regarding the deduction and capitalization of expenditures relating to tangible property. They will appear in the 12/27 Federal Register....
 
Bonus depreciation and residential rental real estate
For Tax Year 2011, for taxpayers NOT in NYC or the Gulf Coast, what are the current bonus depreciation rules (if any) that apply to rental residential real estate? (Specifically in the area of...
 
Electronic copies of tax returns
The last discussion in this group that I could find was in 2000. The newer issue regards providing copies of tax returns to clients electronically. 1. Does the return have to be signed (either...
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RAL's almost extinct
Given the many past (vitriolic?) discussions here, I'm surprised this has not come up, or is it simply that I could not find it in a search of recent posts to this newsgroup? RAL's (refund...
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Delaware Corp issue
I wanted to post this actual question from my client; we're in Mass., and see what feedback I might get. Since the Sec of State's MA office never had an incorporation, I don't know if there's a...
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How to report this income?
In the past ten days I have received three unexpected settlement payment checks for things I hadn't received any earlier notices about. The first was a check for FOUR CENTS attributed to some sort of...
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Tax Help From Intuit
Readers of this group will remember that I have (ad nauseum) posted about my travails of figuring out taxes for my wife, who is a Canadian citizen/resident, and I. I'm kind of frustrated that after 35...
 
Individual Statute of Limitations
Individual client files 2007 return in December 2009 (late) requesting refund. Refund received. Client then amends return in February 2011 for additional refund. Refund received. Return now in audit....
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OT: Mead Judge Exam
In all my years moderating this newsgroup, I have rarely allowed off-topic posts. So this is a rare exception afforded only to those I know are fans of neither the Noo Yawk damnyankees nor the...
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Compensation from Class Action suit
I received $5000 for participating as a plaintiff in a class action suit. I assume this amount is taxable as ordinary income, correct?
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Holiday Tax Quiz Question - for fun
Greetings to all, I came across something some time back and wanted to share it with the group, but had been reluctant to do so since it doesn't really fit with getting help. But I'm going to risk...
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Father's gift of stock to adult child's Roth account
My question is about father who wants to contribute to his adult son's Roth account. The father holds a block of Ford (F) stock with a basis of $6.80/share. Ford is currently selling around $10.75....
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Canadian RRSP
A Canadian migrated to the US in 1975. They left an RRSP (the Canadian equivalent of an IRA) in Canada which is currently worth $60,000. That person has worked in the US ever since and has IRA's,...
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Morning Star Co. v. Board of Equalization (2011), Cal.App.4th
This is an interesting case because it is another example of how Kal-E-forn-YA taxes everything. It's too long to post here. So, if you're interested, read it at Summary: In 1989, California enacted...
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