Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Spouse Travel Costs
About a year ago, I underwent major surgery that required a 5 night stat in the hospital. The hospital is about 30 miles where my wife and I live and my wife would spend the days with me and then go...
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Deduct charge for transfer between brokers?
Last year I closed out my Schwab account (a holdover from an account that a former employer required us to use to receive stock options and restricted stock) and transferred the remaing stock shares...
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Can I Deduct Cost of FDA Approved Prescription Drug From Canada?
I have a prescription for a generic drug manufactured in India and purchase the drug from a Canadian pharmacy. The drug is approved by the FDA and is listed in the link below: Can I deduct the expense...
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What do I do with a 1099-S?
I sold some land I intended to build on, but never did. If you ignore the real estate tax (as I understand I must...) I made money on it and have entered it on Schedule D. Today I got a 1099-S. Do I...
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Underpayment of Tax For Year 2016
I am not a tax professional... Based on the 1099-DIV forms that I have received I will probably owe several thousand dollars of additional federal tax to the IRS for the year 2016. This additonal...
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When to deduct tax prep software
I'm a calendar-year cash-basis taxpayer. In February 2017, I bought tax-preparation software for my 2016 return. Other deductions have already pushed me above the 2% threshold for 2016. Do I deduct...
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Re: Acceptable form of NDA for CPA
That's ironic, because I wouldn't hire anyone-- tax preparer or otherwise-- who'd give pause about signing a NDA if asked. And if someone who declined tried to feed me a line like that about having to...
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Does ERISA Law Support Employee Making After-Tax Contributions to 401K In Excess of Roth 401K Limits?
Employees can contribute up to $18K or $24K, depending on age, into a Roth 401K. The company can match that and the contribute out of company profits at the end of the year, with a maximum total -...
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Copy of Tax Returns
This year i will hire a CPA to prepare our taxes. I would like to provide hime with a copy of the forms I submitted with last year's return. Can I request copies of my my prior IRS and CT returns? If...
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State Tax Deduction On 1040 ?
Hello, Please bear with me a bit; will blame it on old age now. Using Form 1040, etc. Live in Mass. For my 2015 taxes which I did last year (2016), I had to include a check with my State Taxes for an...
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Medical Deduction Statistics ?
Hello, I looked, really, but just cannot find the statistics I am interested in. The IRS page doesn't have it broken out, individually, which is what I'm after. Probably somewhere, but can't locate...
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Very Specific Reduced Maximum Exclusion Question
Hi all, I've searched for a while for an answer to my question, but all the examples I found seem to fall short. So I'm unclear as to whether my friend qualifies for the reduced capital gains...
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Child and Depedent Care Credit and looking for work
The earned income test for the federal child and dependent care credit allows for a spouse who is not working but is looking for work to claim the credit.Publication 503 does not provide much detail...
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Can a sale of private stock with a fixed amount held back in escrow for 1 year and made "available to the buyer in certain situations to cover indemnification claims" be reported using "open transaction" method?
Background. I owned series A and series B preferred stock in a private company that merged with a public company in 2015 giving rise to large merger closing date occurred in September 2015 at which...
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FATCA and Income Tax
I think I've asked this before, but I can't find the answer. A U.S. citizen residing overseas has stock in a U.S. company but through a foreign bank. Is the value of the stock reportable in...
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