Best Rated threads in Taxes General Forumshow all threads
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What forms do I use for sale of residential rental property?
I have lurked here in the past, but have not been lurking for the last 9 months or so. I am looking forward to the sale (hopefully) of one of my daughter and son-in-law's two rental properties. I want...
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14 years ago
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CA part-year resident question
Hi, I moved to California in the middle of last year and it looks like I will have to file as a part-year resident. I have a question on how to calculate the California adjusted gross income from my...
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14 years ago
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Puerto Rican IRA transfer to US?
I saw this question on another forum. A friend of the guy posting the original question has an IRA from monies earned while residing in Puerto Rico. He has moved to the US permanently and is now...
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14 years ago
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Power of Attorney duties -- deductible?
Are the time and expenses one puts into exercising Power of Attorney duties tax-deductible? Where is a good place to get more info on this?
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14 years ago
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stock transfer and re-transfer
Two years ago I transfered shares of stock to a friend in exchange for a personal loan. At the time I had a substantial paper loss on these shares but did declare it since my friend agreed to return...
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15 years ago
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Social Security Disablility Lum Sum Distribution - How to calculate
My wife was injured at work in 2005 and was receiving worker comp benefits from 2005 to mid 2008. In 2008, workers comp cut off her benefits. She applied for social security disability the year...
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15 years ago
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Gambling surprise for retiree?
Retiree loves the slots. Plays all day long, wins some, loses some. Comes out even if she's lucky. I've told her for years to stay out of the casinos, she tells me to mind my own business. This year...
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15 years ago
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Calculation of 30 day wash sale
If I sell a stock on Sept 22, when can I buy it back to avoid the 30 day wash sale rule - October 22 or October 23?
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15 years ago
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Can an LLC reimburse Members for taxes paid on LLC profits?
Hi There, My husband is a member of a 2 person LLC that is treated as a partnership for tax purposes. Each member receives monthly guaranteed payments. Additionally, the LLC was profitable and the...
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15 years ago
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Tax Attorney & EA
What is a "Tax Attorney"? Who is qualified for that? How to become a Tax Attorney? If a person is an EA (Enrolled Agent), does he/she qualify for Tax Attorney?
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15 years ago
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Personal exemption for deceased spouse
I'm pretty sure a surviving spouse who is filing as Married Filing Jointly for the tax year during which the deceased spouse dies takes the deceased spouse's personal exemption, same as if the...
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15 years ago
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Bank screwed up IRA - any recourse?
My wife went to a local bank on April 15 and opened a $5,000 traditional IRA, paid with a check dated April 15, was re-assured by the consultant that everything would be mailed to the financial...
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16 years ago
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K1 - Entering Distributions (Line 19) In TaxAct
Hi, When entering K-1 data into TaxAct, where do you enter the distributions (line 19)? Most entries don't list the line number and none of the text descriptions match. Is it possible to unlock the...
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16 years ago
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How to handle 1099-R with distribution code P (taxes paid on 2006 return)
In 2007 I was deemed an HCE; as a result, about 6K of my 401K contribution for 2006 was categorized as excess and retfunded (with a small earnings). This was included in my 2006 tax calculations, and...
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16 years ago
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Sales tax deduction for major purchase
I have a couple of major confusions about deducting sales taxes on major purchases on 2007 US Income tax (in addition to the general sales tax deduction.) I'm not sure if I really have a TurboTax...
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16 years ago
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1041-X?
Having received a corrected 1099 for a trust I went looking for a 1041-X form on the IRS Website but could not find one. Does it exist? If not how does one report the change California does not have a...
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16 years ago
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Assistance in filing SS4 or EIN form for Single member LLC
Hi, I have opened a Single member LLC in Virginia by filing articles of organization and got a certfiface for the same. Now the second step is to get the EIN. I have gone through the instructions of...
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16 years ago
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Re: Form 1099 (interest income) from IRS?? [revised]
If you filed for a phone federal excise tax refund, check your 2006 return Form 8913. This is probably the interest compounded on your phone federal excise tax refund March 2003 thru July 2006. They...
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16 years ago
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UK offshore account tax issues?
Lots of big European banks have offshore subsidiaries in Jersey, Guernsey, and the Isle of Man that offer attractive rates on pound and euro deposits. These mostly are marketed to UK expatriates, due...
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16 years ago
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4 | |
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Section 645
IRS says: "A trust filing as an estate under Section 645 election allows a Qualified Revocable Trust to be treated and taxed (for income tax purposes) as part of its related estate during the election...
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16 years ago
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