Latest threads in Taxes General Forumshow only best voted threads

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Military Retiree Pay Dates Are Changing
Direct from DFAS - for your perusal and enjoyment. NOTE - retirees will get 13 checks in 2011 so be ready for some questions as this may change other items in their return, especially the taxable...
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CCH Tax News Headlines - September 6, 2011
CCH Tax News Headlines - September 6, 2011 Federal Headlines: 9/6/2011 - _IRS Provides Tax Relief to Victims of Hurricane Irene (IR-2011-87, NC-2011-58, NJ-2011-42, NY-2011-34)_ ( 9/6/2011 - _S...
 
Auto leasing tax deductions
Folks, I have been using the standard mileage rate for my 11 year old auto. 80% of the approx 8000 miles I drive are for my rental business purposes (other 20 % being personal). I am now looking into...
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CCH Tax News Headlines - September 1, 2011
CCH Tax News Headlines - September 1, 2011 Federal Headlines: 9/1/2011 - _Boehner Invites President to Make Joint Session Address to Congress on Jobs Package_ ( 9/1/2011 - _Filing, Payment Deadlines...
 
CCH Tax News Headlines - August 30 & 31, 2011
CCH Tax News Headlines - August 30 & 31, 2011 Federal Headlines: 8/31/2011 - _President Defends Regulatory Agenda_ ( 8/31/2011 - _IRS Updates List of Approved Nonbank Trustees and Custodians for...
 
Form 5500 late filing
We are a small nonprofit (with 6 employees) and we offer a TDA/403(b) plan and a SEP plan for our employees. Unfortunately, we are just now figuring out that we may have goofed up big time by not...
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Depreciation commercial
Hi, I have a small retail building with the outside shell built in December 2006. The inside was completed in July of 2011 and rented in August of 2011. When can the depreciation start? and can all...
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CCH Tax News Headlines - August 26, 2011
CCH Tax News Headlines - August 26, 2011 Federal Headlines: 8/26/2011 - _Farmer's Business Expense Deduction for Wife's Medical Expense Reimbursements Erroneously Denied; Determination of Bona Fide...
 
Negative AGI and percentages for various deductions.
as an expense the amount ... which exceeds X% of AGI." (paraphrase). This type of language is present in sections 67 (misc-2%), 165 (personal casualty loss - 10%), and 213 (medical expense - 7.5%)....
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When do I take a loss on a defaulted loan?
I "think" I know this one, but I want to make sure. I lent a company money. They gave me gems as security. The company just disappeared; I don't know what happened to it, but I haven't been able to...
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Employer health coverage "other" dependents
There is lots of information about the recent tax law changes which allow (require?) employers to provide health coverage for adult children up through age 26. My question is, even before this law...
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When to take loss on defunct company?
Years ago I invested in a company that never made it. Last year they were still in business, now I am not so sure. I hate to call and ask if they are still in business. (I realize I don't need to ask,...
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CCH Tax News Headlines - August 25, 2011
CCH Tax News Headlines - August 25, 2011 Federal Headlines: 8/25/2011 - _President Engaged in Jobs Discussions with Economic Team, Jobs Council_ ( 8/25/2011 - _Tax Court Jurisdiction over Partner's...
 
Renewable Energy Credits, Tax Credits, revenue
My wife and I are about to install a solar energy system on our roof. Massachusetts has a "Solar Renewable Energy Credit" (SREC) program. For those who aren't familiar with this, the state requires...
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CCH Tax News Headlines - August 23, 2011
CCH Tax News Headlines - August 23, 2011 Federal Headlines: 8/23/2011 - _IRS Issues Final Regulations Relating to Election to Expense Qualified Refinery Property (T.D. 9547)_ ( 8/23/2011 - _Guidance...