Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
rental loss to related person
Scenario: Grandfather sells his cooperative apartment to grandson who leases it back to grandfather for the amount of monthly cash expenses, namely the co-op monthly assessment of $2,000. There isn't...
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How to Report Income from Lease Option to Buy
My son has recently entered into a lease/option to buy his condo for 12 months. Half the rental income is to be credited towards the purchase. Is the full amount of the rent reported on Schedule E...
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Barter or not barter?
Suppose you send out a tweet to all your friends: "Need help loading moving truck. Free pizza and beer for all volunteers. Call me." Five or six friends show up, help you load your truck, and eat your...
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Are CA DMV fees / taxes deductible any more?
I used to see an item on Schedule A of the IRS tax return before (2008) ..where I used to list the DMV fees paid. This line appears to have disappeared on Sch A. There is no longer a line called...
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Call assignments and specific ID
I own shares of XYZ (with a decent unrealized gain). I also have a call spread on XYZ. It occured to me to consider what happens if for whatever reason I can't unwind the spread before expiry and both...
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CCH Tax News Headlines - September 16, 2011
CCH Tax News Headlines - September 16, 2011 Federal Headlines: 9/16/2011 - _Senate Passes "Clean" FAA Extension_ ( 9/16/2011 - _Proposed Regulations Modify Definitions of Swaps and Notional Principal...
 
CH Tax News Headlines - September 15, 2011
CH Tax News Headlines - September 15, 2011 Federal Headlines: 9/15/2011 - _Filing, Payment Deadlines Extended for Victims of Hurricane Irene and Tropical Storm Lee in Pennsylvania and New York (NY...
 
Taxation of Reimburseable Local Travel Expenses to an "Indefinite Alternate Work Site"
As part of my company's business, I and my staff travel locally to our main customer headquarters for meetings and technical support, and we submit and are reimbursed for travel expenses (miles in a...
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Computer Equipment Purchase for College Student in 2011
Me again. Pub 970 indicates that in 2009 and 2010, purchase of computer equipment for use at University can be paid with a qualified tuition plan as a qualified expense. The publication has not yet...
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Referral to GA tax attorney
Does anyone have a referral to a GA tax attorney? Situation involves clients who were located in Atlanta area but relocated to FL who have issues related to their GA LLC. The issues are legal and not...
 
CCH Tax News Headlines - September 14, 2011
CCH Tax News Headlines - September 14, 2011 Federal Headlines: 9/14/2011 - _Deadline for Carryover Basis Returns Extended (IR-2011-91; Notice 2011-76)_ ( 9/14/2011 - _IRS Requests Comments on Proposed...
 
Unexplained Refund Check
Got a refund check, but over a week has passed and no letter of explanation. I quickly went over my 2010 return, and did not see any obvious errors, but I must have made one. When I have some time I...
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How to become an Enrolled Agent
Hi, could you please describe the process of becoming an Enrolled Agent and recommend good material to study to pass the exam? Thanks
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CCN Tax News Headlines - September 13, 2011
CCN Tax News Headlines - September 13, 2011 Federal Headlines: 9/13/2011 - _President Sends Jobs Bill to Congress, Urges Immediate Action_ ( 9/13/2011 - _Results of Advanced Coal Project Program...
 
CCH Tax News Headlines - September 12, 2011
CCH Tax News Headlines - September 12, 2011 Federal Headlines: 9/12/2011 - _Treasury Security Rate Set for Computing Current Plan Liability for September 2011 (Notice 2011-75)_ ( 9/12/2011 - _Air Tour...