Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
domestic production activities
I was looking at the domestic production activities deduction. It applies to software companies in the US. But does it apply also to website and logo design done in the US? They seem related, but I...
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CCH TAX NEWS HEADLINES - OCTOBER 7, 2011
CCH TAX NEWS HEADLINES - OCTOBER 7, 2011 _Changes Proposed to EIC Due Diligence Requirements for Tax Return Preparers (IR-2011-98; NPRM REG-140280-09)_ ( Posted on _10/07/2011_ ( by _CCH_ ( The IRS...
 
Does the federal tax statute of limitations apply to the keeping of depreciation records?
In another thread, Alan kindly provided a document purportedly explaining the statute of limitation for federal taxes: have two questions regarding strict saving of depreciation records which aren't...
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Notice of Deficiency
In March I got a notice of underpayment of my 2009 taxes. I filled out a form, agreeing with part, disagreeing with part, and paid what I thought I should. In May I got a letter agreeing with part of...
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CCH TAX NEWS HEADLINES - OCTOBER 6, 2011
CCH TAX NEWS HEADLINES - OCTOBER 6, 2011 _Procedures Modified for Issuing Opinion and Advisory Letters on Employee Plans (Rev. Proc. 2011-49)_ ( Posted on _10/06/2011_ ( by _CCH_ ( The IRS has updated...
 
Estimated Tax Payments
New client works as a consultant (starting in 2010) with a single member LLC. In 2010 she made estimated payments, including the final payment in January 2011. The person who prepared her 2010 tax...
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CCH TAX NEWS HEADLINES - OCTOBER 5, 2011
CCH TAX NEWS HEADLINES - OCTOBER 5, 2011 _Senate Democrats Plan to Tweak Jobs Bill_ ( Posted on _10/05/2011_ ( by _CCH_ ( Senate Majority Leader Harry Reid, D-Nev., said on October 4 that the Senate...
 
Non-resident real estate in NJ - Do I need to file if I lose money?
I live not in NJ but I have a rental property in NJ which sometimes (barely) makes money and just as often (barely) loses money. I have no other income from NJ and I live in California. I realize I...
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US Supreme Court Denies Certiorari in Two State Nexus Cases
..and the water gets muddier. "198d67-9ce2-488a-bf8d-e5023f4aca11&ID&8 or http://www.tei.org/news/stateandlocalblog/Lists/Posts/Post.aspx?List http://goo.gl/zl4qi
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CCH TAX NEWS HEADLINES - OCTOBER 4, 2O11
CCH TAX NEWS HEADLINES - OCTOBER 4, 2O11 _Settlement Proceeds Predicated on Lost Profits and Punitive Damages Were Ordinary Income to Partnership; Agreement Allocation Not Determinative;...
 
CCH Tax News Headlines - October 3, 2011
CCH Tax News Headlines - October 3, 2011 _IRS Updates Rules on Using Per Diem Rates to Substantiate Expenses Incurred Away from Home (Rev. Proc. 2011-47)_ ( Posted on _10/03/2011_ ( by _CCH_ ( The IRS...
 
US Supreme Court Docket for Tax Cases
There are 3 tax cases granted certiorari for the coming term. One addresses the split among circuits on whether an overstatement of basis triggers a large enough understatememt of income to trigger...
 
Line 39a and the Standard Deduction Worksheet
Hi everyone - As you know I deal with a lot of tax matters, but don't do returns. A question has come up and I would appreciate any insights you may have. A client is doing the tax return for her 90...
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CCH TAX NEWS HEADLINES - September 30, 2011
CCH TAX NEWS HEADLINES - September 30, 2011 _Guidance Released on Portability Election (IR-201197; Notice 2011-92)_ ( Posted on _09/30/2011_ ( by _CCH_ ( Guidance on the Code Sec. 2010(c)(5)...
 
Are "special assessments" added to home's cost basis?
My California property tax bill (for a single-family residence) is divided into three parts: 1) assessed value rate 2) land & improvements rate 3) special assessments The "special assessments" section...
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