Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
NY Estate Taxes
My elderly parents took out an insurance policy maybe 20 years ago. That policy will pay ~$100 K, to each of five siblings - after both Mom and Dad have died. My mother is deceased, I do not exect Dad...
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Algorithm to distinguish rental property categories (repairs, maintenance, supplies, travel)
I am a new rental property owner (because I moved and didn't want to sell the old house at depressed prices). How do I easily distinguish between: - Maintenance versus Repairs versus supplies? For...
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CCH Tax News Headlines - August 12, 2011
CCH Tax News Headlines - August 12, 2011 Federal Headlines: 8/12/2011 - _President Urges Congress to Pass Bipartisan Debt Package with Tax Increases_ ( 8/12/2011 - _Interim Guidance on Annuity and...
 
Allowed Prepaid Expenses for Cash Basis Corporations
For a cash basis C or S corporation, what are allowed types of prepaid expenses? Apparently medical insurance is not an allowed type of prepaid expense. Can business rent be prepaid? Can freight...
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Curiosity question--donation of winning Keno card
A recent NPR program reported that a winning Keno card was left in a church collection plate. It was worth $4000. Aside from any problems associated with verification, would such a donation, from...
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CCH Tax News Headlines - August 8, 2011
CCH Tax News Headlines - August 8, 2011 Federal Headlines: 8/8/2011 - _President Signs FAA Extension; No Refunds of Aviation Excise Taxes_ ( 8/8/2011 - _Certain Requirements for Low-Income Housing...
 
CCH Tax News Headlines - August 9, 2011
CCH Tax News Headlines - August 9, 2011 Federal Headlines: 8/9/2011 - _President to Make Deficit-Reduction Recommendations_ ( 8/9/2011 - _Deadline Approaching for the Second Special Voluntary...
 
IRA Rules for 2011
Thanks to a timely cashing out of non-IRA taxable investments last week, I have a nice positive capital gain and am safely parked in a money market mutual fund until ready to make my next move....
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CCH Tax News Headlines - August 1 thru August 5, 2011
CCH Tax News Headlines - August 1 thru August 5, 2011 Federal Headlines: 8/5/2011 - _Senate Reaches Deal on FAA Extension; Aviation Excise Tax Collection Reinstated_ ( 8/5/2011 - _Treasury Security...
 
Minimum IRA Withdrawls For 2011 ?
Hello, Seems harder and harder to keep up with stuff at my age, now: Regarding the mandated Minimum IRA withdrawls, which I guess they put on hold a year or so ago for (I think) only one year: Is it a...
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CCH Tax News Headlines - August 4, 2011
CCH Tax News Headlines - August 4, 2011 Federal Headlines: 8/4/2011 - _President Urges Congress to Pass FAA Extension Bill Through Unanimous Consent_ ( 8/4/2011 - _Supplemental Guidance Provided on...
 
Formula for calculating estimated taxes
Folks, I recall when I used turbo tax, they determined estimated taxes for me. Anyone know how they do this and how accurate is this? For people whose income is lumpy, the only way to get an accurate...
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CCH Tax News Headlines - August 3, 2011
CCH Tax News Headlines - August 3, 2011 Federal Headlines: 8/3/2011 - _President Signs Debt-Limit Bill, Averts Government Default_ ( State Headlines: 8/3/2011 - _Massachusetts --Sales and Use Tax:...
 
CCH Tax News Headlines - August 2, 2011
CCH Tax News Headlines - August 2, 2011 Federal Headlines: 8/2/2011 - _Regulations Amended for Group Health Plans Relating to Coverage of Preventive Services Under PPACA (T.D. 9541; NPRM...
 
Tax Free Corporate Split
While, in our practice, we have helped clients spin off divisions of corporations tax-free, they have always retained the same pro-rata ownership in the resulting corporations. However, we now have a...
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