Best Rated threads in Taxes General Forumshow all threads
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Personal Holding Corp/NOL/carry forward-carry back?
Can you carry forward or backward net operating losses? How far?
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17 years ago
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AMT foreign tax credit
Hello all, In the past, AMT foreign tax credit (AMTFTC) was limited to 90% of AMT. As a result, even though all of my income was in the UK, and I paid tons of UK taxes, I still had to pay a bit of US...
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17 years ago
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What do I do with a ***Substitute Form*** 480.6C?!
I just received a form 480.6C from the Gobierno de Puerto Rico telling me I received $244.16 in dividends, with $24.40 withheld. Apparently an investment account hold some stock in Oriental Finl Group...
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18 years ago
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Stock Cost Basis
I purchased one share of stock from as a novelty. I was issued an actual stock certificate. I will probably never sell it but I would just like to know the answer to the following since I like trivia....
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18 years ago
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Married Filing Seperately Questions
Last year, my wife and I filed our federal taxes jointly. This year, we may file separately (MFS). This is due to the fact that our taxes should be lower due to the way the AMT affects our tax...
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19 years ago
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Can I deduct medical insurance premium from new jersey tax return (NJ1040)?
I have a question regarding New Jersey Tax Return (NJ-1040) for the year 2004. In line 31 Medical Expenses, can I deduct my monthly health insurance plan premium? My company detuct this premium from...
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19 years ago
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Netherlands AOW Pension taxable?
says...
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19 years ago
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Insurance repair on rental property
Hi, I received an insurance claim for hail damage on my rental property. I paid the whole amount to a contractor who performed the items in the claim - new roof, new siding on 3 sides, new gutters....
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12 years ago
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Is sale of rental property at a loss considered capital or ordinary loss?
What is the correct tax treatment of the sale of rental property at a loss? Is it considered ordinary income or a capital loss? A recent posting here suggests it is a capital loss, but other sites and...
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11 years ago
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Can an S-Corporation Pay Qualified Dividends?
Can an S-Corporation pay qualified dividends? If an S-Corporation wants to take on debt, can it do the financing as bonds and pay "qualified" dividends, which would be eligible for the reduced 15% tax...
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15 years ago
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1099-G from Joint Return Received after Divorce
I filed my state (LA) tax return for TY 2006 in December 2007. In 2006 I was married and filed a joint return. I divorced in March 2007. The state paid the refund in 2008, and that went into a joint...
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15 years ago
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PayPal interest/dividends
I have a small amount of money in a paypal account, and they put it into a money market. So now I've got a couple bucks of income to report. Since it's under $10, they didn't provide me with a 1099,...
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16 years ago
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Enron stock - is it worthless yet?
Does anyone have any guidance regarding writing off the seemingly worthless Enron stock? I have a few clients that had some basis in Enron stock when the company went bankrupt years ago, but I've not...
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17 years ago
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W8-BEN and change of status
Hello, I'm a UK citizen. From 2002-2007 I lived in the States (2002-2004 as a student and then worked from 2004-2007) When I first opened my US bank account as a student I filled in a W-8BEN. When I...
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15 years ago
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Is an engagement ring subject to gift tax?
The bazillion dollar engagement ring given to Mariah Carey got me to wondering if there would be tax on the gift. One argument is that they are not married so there is no spousal exclusion and the...
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8 years ago
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S-Corp Year End Closing Journal Entries
I want to make sure I close my equity accounts correctly at the end of each year. I'm the sole owner of my s-corp. I have three equity accounts: Beginning Equity(BE), Contributions & Distributions....
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10 years ago
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1099-OID for dummies
I received a 1099-OID for some preferred shares (LUTHP) that I bought on the secondary market last year. The box 1 OID is about 10% less than the actual payments I received for the year. Box 2 is...
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11 years ago
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What happens to capital loss carry forward on divorce?
After filing joint returns I will have a huge capital loss carry forward this year. What happens to it if I get divorced? (nothing planned... just wondering)
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15 years ago
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6 | |
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Taxes on a 4-H/FFA project animal?
When a 4-H or FAA youth raises a show animal for a livestock project and eventually sells the animal at a Fair's livestock auction, what are the tax consequences consequences for the youth? Keeping in...
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16 years ago
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Form 1099 from IRS ?
I received a Form 1099 today that looks like it is from the IRS. The Form 1099 has an EIN of 38-1798424 and claims Interest of $23.00 and states Calendar 2007. Based on a web search there was a...
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16 years ago
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