Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
IRS tactics
Recently, we had an annoying encounter with the IRS. They had decided we'd not paid sufficient 941 funds from 2008, and insisted on billing us over $7000 in penulties and interest. At least that is...
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Can I instruct my broker to withhold tax?
I want to have my broker (Schwab) withhold federal income tax on dividends, capital gains and distributions but they say they have no mechanism for doing so. So why, then, is there a ?federal income...
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1099 misc is greater than income actually received
My wife has a home-based consulting business doing hourly work for an attorney who works on medical litigation. My wife submits her billings directly to the attorney who in turn bills an insurance...
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Distribution/withdrawal from Roth after 59 1/2
Can the distribution/withdrawal be in property -- e.g. stocks or bonds? If yes, what is the cost basis to the Roth IRA owner/beneficiary upon receipt? If there is an unrealized loss on the stock/bond,...
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CCH Tax News Headlines - March 4, 2011
CCH Tax News Headlines - March 4, 2011 Federal Headlines: 3/4/2011 - _Guidelines Issued for Corporate Employer's Application of Interest Expense Disallowance Rules to Life Insurance Policies for an...
 
CCH Tax News Headlines - March 3, 2011
CCH Tax News Headlines - March 3, 2011 Federal Headlines: 3/3/2011 - _Obama Signs Stopgap Spending Measure After Senate Passage_ ( 3/3/2011 - _New IRS Hires Expect More Engagement, Deputy Commissioner...
 
tax lein on real estate
i have a home in foreclosure. i refinanced in 2009. prior to that i added two people to the title. one of them now has a tax lein against them. my question is does the tax lein attach it self to the...
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American Opportunity Credit Eligibility Question
I wonder if someone can help me with this. I am doing the taxes for my daughter in law, who is attending night school 3 nights a week with the goal of obtaining a Certificate in Culinary Arts. Her...
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Enrolled Agent Renewal still delayed.
Posted today at the IRS web site: THE DELAY OF RENEWAL PERIOD FOR ENROLLED AGENTS WHOSE TAX IDENTIFICATION NUMBERS END IN 4, 5, OR 6. The renewal period under Circular 230 Section 10.6(d) for those...
 
Help with State Taxes
I filed an unemployment claim in the state of AZ. I moved out of AZ in February 2010, but continue to receive my AZ Unemployment benefits while I live in WA. Do I have to file a State return for AZ...
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Retirement Box 13 not checked when it should be
Hello, I have submitted my taxes online which resulted in a refund. I have now received notice from my employer that Box 13 was not checked for the Retirement Plan when it should have been. How...
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Making work pay 2010 - How do I know it was taken
I am doing taxes for a couple of people who jumped around between employers. Its not clear whether the 2010 "making work pay" changes were made in their witholding for 2010. I am referring to the $400...
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I am getting an extension; must my 17yo with a 8615 get one also?
My 17 year old son has $8,500 in investment income, so he has to file a 8615. He also has $8,250 in deductions, so his taxable income is $250 and he owes no tax. I am getting an extension because I...
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CCH Tax News Headlines - March 1, 2011
CCH Tax News Headlines - March 1, 2011 3/1/2011 - _Form, Instructions Available for Reporting Payment Card or Third-Party Network Transactions_ ( 3/1/2011 - _Guidance Released on "Readily Tradable on...
 
form 2441
What are the chances that the IRS will accept a 2441 child care credit from a tax payer that's the father of this child, but did not claim the child as a dependent? The tax person that claimed as a...
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