Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Moving exp
If I move to a hospital area out of state in order to be closer to my transplant hospital, is that a deductible medical expense? bw
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Question on working in 2 states
My son worked for 6 months in Mass and then transferred to work in CA for the last 6 months of the calendar year. He is still working in CA after the first 6 months. For filing his taxes in CA....
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Covered California Health Insurance Subsidies
For the 2017 tax year, the California state program "Covered California" offers qualifying persons a monthly healthcare insurance subsidy against qualifying health plans. The subsidy program only...
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Gift from parents who are not US citizens
Hi, My parents are non-US citizens. I am a US citizen now. They would like to give me some money. I was browsing through the US tax laws regarding receiving gifts from foreign people. This is the...
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Liability of Incorporator for unpaid Franchise taxes
How does an incorporator of a never activiated C corp avoid personal liability for the years that entity did not file tax returns or make payments of the minimum California frachise tax? Gary
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IRS Non-Acquiescence (AOD 2016-03)
The IRS has non-acquiesced to the Third Circuit decision in Giant Eagle, Inc vs Comm'r, 822 F.3d 666 (3rd Cir. 2016) rev'g T.C. Memo 2014-146. This case dealt with deductions for anticipated customer...
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Refinancing: "lender contribution"
Sorry for wearying you with yet another question about tax consequences of refinancing, but I'm very grateful for the answers I get from this group. The lender's latest plan, which makes sense given...
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Reporting Interest Income on Federal Tax Returns for foreign CD
I am planning to have foreign CD accounts which will mature after 10 years. When should I report the interest earned from such accounts? Should I report it at the end of 10 years?The bank does not...
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Depreciation on Trust Rental Property
Hired a good sized accounting firm to do trust returns for three child trusts. 2015 was the first year for the child trusts because the grantor of the administrative trust that created the child...
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Gifts from joint accounts... single or double?
My wife and I have a joint checking account. We want to give my future daughter in law money for her wedding. Can we each give her $14,000 from the account ($28,000 total) or would it be restricted to...
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Affidavit of unchanged status. W8ben
Hello, Im a foreign person not living in the usa. The bank asked me to renew my w8ben form, and at the bottom there is this "affidavit of unchanged status" that has a part were it says "information...
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401k Loan Limit With Two Different Employers?
Suppose I have two different employers each with a 401k plan. I payoff a loan with one plan. Less than 12 months later I want to take out a loan from the other plan. Is the maximum loan limit for the...
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Is the 3.3% VA Funding Fee On a ReFi Deductable?
I'm converting a HELOC to a VA fixed mortgage loan. From what I Google, the 3.3 % VA fee is deductible. If that is true, where would I put it on Schedule A?
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New basis when wife inherits my investments??
Title says it all; does the basis remain when my wife inherits my investments, or do they get reset to zero? Is it the same for Federal and New York State? =========================================...
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Short term carryover against long term gain?
Can a short term capital loss carryover be used to offset long term capital gains in a succeeding year? Thanks, Jeff
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