Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Dependent Claiming Question ?
Hello, Have an adult son, who, for various reasons, I provide full, free, room and board, food, etc. Also, dollars, along with some aid from the State, for his health insurance. I have been taking him...
2
2
 
NY sales tax questions
Ian having my water heater replaced. One. Guy is charging sales tax,other is not Second guy says he pays sales tax when he buys it so he doesn't have to charge tax when he sells it,and there is no tax...
9
9
 
Can I deduct my trip?
I am taking my son from WNY to his summer job in CT. As long as we are going, we are picking up a boat and 4 sets of oars in CT for a non-profit crew club. It adds 2 hours to our 13 hour drive. If we...
14
14
 
Savings Bond Interest ?
Hello, Have cashed in some E and EE Savings Bonds. First time ever doing so. I realize there is Federal tax due on the interest portion. Where on the 1040 is the total amount of interest from this put...
5
5
 
Simple Question on Wash Sale Dates
If one sells common stock on June 19th (trade date) at a loss, what is the date in July that the same stock can be bought (trade date) without incurring a wash sale?
2
2
 
IRS rules for nonfiler who pays when asked
This is an odd situation to describe, I think. The easiest question to answer is whether an actual filing of a tax form is required by law, assuming income falls above the minimum (I know there is...
7
7
 
Is Filing Form 1116 a Good Idea?
If someone has foreign but his US income tax is already zero is it a good or a stupid idea to file a form 1116? It does not give any reduction in the already zero tax; however it will show an unused...
3
3
 
accounting fees
Hi, I just had an argument with the accountant over fees and was wondering what you guys think. Normally I pay $1500 per year to do my S Corp tax return but for my final year tax return the fee went...
1
1
 
Taxation of Belgium military and NATO pensions in the United States for US resident
My client lives in CT and receives both a NATO old age pension and a Service des pensions du Secteur Public (SdPSP) for military service in Belgium. He claims that 1/3 of his income went as...
1
1
 
Question about working out of state...
My son has some capital losses when he moved from NY to MA. My accountant at the time said he could use them should he ever move back to NY. He has since moved to CA and is now in IL. He has just been...
14
14
 
Taxes on non-cash prizes.
If I win a pool table on the Price is Right, and the manufacturer says that MSRP is $14000, can one pay taxes on a lower amount if the $14000 if over inflated? What say the courts? I've read about...
39
39
 
Gifted shares of a private family corporation
MY father in law died before I met him in 1982. What he left behind was a 550 acre timber farm that has one mile of sandy beach. The property, if sold, might be valued in the millions. Before he died...
6
6
 
Gain: Long term or short term
A woman was recently cleaning her garage and found an old computer so she "gave" it to a store that recycles computers. It turns out, it was an original Apple-I, worth (and sold to a collector for)...
2
2
 
Noticed something odd with Ameritrade's handling of Return of Capital (VNQ)
I noticed something odd with Ameritrade's handling with my holding of VNQ (in my non-retirement account). On Vanguard's website, they do show return of capital in 2014. Looking at my 1099 from...
2
2
 
Return of Capital in an IRA account
For an IRA account, if a fund (e.g. REIT) gives me Return of Capital, do I need to keep track of this? Correct me if I'm wrong, but generally the cost basis of the REIT won't matter, since when I...
6
6