Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
employer provided housing
Hello Everyone, I have an interesting case for the tax experts of the NG, I hope you can help me. I work (and get paid by) company "A" (italian) that sent me to work in the US subsidiary ("B"). As an...
5
5
 
Another year end issue
I lost my brother in Nov 2014. An estate was opened and closed before the end of the year but no estate income was generated during that time. There was, however, a small brokerage account involved...
4
4
 
RMD and defined pension plans
Doing my f-i-l taxes for him He is 85 and income is from his defined benefit pension from his time at KMart. Turbo tax keeps asking me about Required Minimum Disbursement and there is nothing on the...
3
3
 
Last minute deduction timing mess up
My 2015 advalorum tax wasn't due until end of Jan '16 but I paid it early by check on 12/30/15 and my receipt shows that date, My check cleared my bank account on 1/7/16. I now realize I'll need that...
3
3
 
Open Spousal Roth IRA after Spouse 70 1/2?
Non-working spouse turned 70 1/2 last year (2015) - first Tradition IRA RMD taken accordingly. Working spouse continues to produce necessary earned income with no threshold complications etc. and MFJ...
2
2
 
Child Tax Credit
I support my son and his 3 kids, he has little income. They all live in a house that I own about 5 miles from my residence. Can I claim the Child Tax Credit since it is my home but I don't live in it?...
2
2
 
Inter-Family Real Estate Sale
Two adult sisters inherited mother's house, following mother's death in 2010. Both sisters are married. At that time, house FMV was $340,000. They have both, alternatively, lived in the house since...
1
1
 
Foreign Taxes Paid On Dividends In Excess of $300
If a single person with foreign taxes paid on dividends equals $310, are you allowed to disregard $10 and claim $300 on Line 48 of the 1040 or are you forced to use Form 1116 because the amount...
7
7
 
Fed tax on state refund after marriage
In early 2015 my fiance and I each filed our 2014 taxes individually, as we were not yet married. She took the standard deduction and got back a significant state tax refund of $1300, whereas I...
1
1
 
Yikes! IRS lien notice. Short time frame?
I am involved with a 501(c)3 nonprofit and "we" (the nonprofit) apparently filed our Form 990 information return about 15 days late (according to the IRS). We received a notice that the return was...
2
2
 
Pub 590-A Appendix B discrepancy
I am between 66 and 70, and collecting Social Security while still working. My employer has a 401(k), and I'm having the $24,000 max deducted from my paychecks. (They don't match any of it, alas.) And...
2
2
 
Foreign Financial Assets
I have several clients who are retirees from the Inter-American Development Bank in Washington, DC. Just this year, they were informed that their pensions were deemed to be qualified as "foreign...
1
1
 
1031 exchange when I lived in my rental property
I bought a rental condo in 2013. I lived in one bedroom and rented out the remaining bedrooms. I then got married in 2015 and lived in it as my primary residence. If I sell now, does the time between...
7
7
 
Conversion to Joint Tenancy
In Texas, which is a community property state, my wife and I generated a document which states that all of our possssions, real estate, vehicles, and accounts of any type, whether created or...
5
5
 
H&R Block Deluxe removal of import this year
My sister swears that the Deluxe version of Block software will no longer import from her brokerage as it has done in previous years, and that she was told she would have to buy the Business version....
1
1