Taxes General Forum

Do Foreign Citizens Who Obtain US Citizenship File US Tax Return?

As I understand it, US citizens must file a US federal tax return on all of their worldwide income, even if they are cu...

16 comments posted 12yrs

posted by persistentone

16 comments posted 12yrs posted by persistentone

Reminder: FBARs Due By June 14th

Just a reminder that FBARs must be electronically filed with Fincen no later than 6/14/14. There is no extension availa...

3 comments posted 12yrs

posted by tempuser

3 comments posted 12yrs posted by tempuser

What to do: Missed the April 1 deadline for first RMD

Fellow I know turned 70.5 in 2013. He thought he could delay RMD's from his IRA because he is still working. Since that...

1 comments posted 12yrs

posted by gindie

1 comments posted 12yrs posted by gindie

retail business and sales tax

For an income tax return, should the sales tax collected be shown as income and the sale tax turned over to the taxing...

4 comments posted 12yrs

posted by PicoRico

4 comments posted 12yrs posted by PicoRico

Calculating RMDs on each each IRA vs. on the total balance

Under what situation(s) would calculating the RMD for each IRA account (as the IRS requires) yield a different result th...

1 comments posted 12yrs

posted by gindie

1 comments posted 12yrs posted by gindie

SCOTUS to rule on states not giving credit for tax paid to other states

According to SCOTUSblog, SCOTUS has granted cert in _Comptroller of the Treasury of Maryland v. Wynne_ where the issue...

1 comments posted 12yrs

posted by rlc-news

1 comments posted 12yrs posted by rlc-news

Writing off Interest for Stock Borrowing from Broker

I have already filed my 2013 Taxes but I want to make sure that I did this correctly. Since 2013, I started to use a br...

5 comments posted 12yrs

posted by appleyardgeorge

5 comments posted 12yrs posted by appleyardgeorge

California Tax took my Bank $, no notice to me? I owe for what? I live AZ 4 yrs.

I opened a letter this morning that was sent May 8. Said bank to give my money to Franchise tax board by 5/22. I was in...

0 comments posted 12yrs

posted by Mom 2 Autistic Kids

0 comments posted 12yrs posted by Mom 2 Autistic Kids

Free File Software -- Theoretical Question

This year, as usual, I filled out paper forms for my income tax. Just for curiosity I looked at the Free File software...

6 comments posted 12yrs

posted by larry.israel100

6 comments posted 12yrs posted by larry.israel100

TY2014 Rate Table and Standard Deduction Change re "Surviving Spouses" ??

In the past, there was a Tax Rate Table and Std Ded category called "Qualifying Widow(er) with Dependent Children", whi...

4 comments posted 12yrs

posted by Retired

4 comments posted 12yrs posted by Retired

Many Years of Required Minimum Distributions Missed for Both Husband and Wife

New Clients in 2013. The 84 year old couple previously used VITA (free tax service) to have their returns done. It appe...

12 comments posted 12yrs

posted by mmurrellcpa

12 comments posted 12yrs posted by mmurrellcpa

1040X Line 17 question

When I filed my taxes I was supposed to get a refund ($785), but the IRS adjusted and said I owed them $128. However, s...

1 comments posted 12yrs

posted by don.neumann

1 comments posted 12yrs posted by don.neumann

Can 2013 tax returns be amended to reflect new LLC or S-corp?

The only income for someone for 2013 was 1099 consulting income for which Form 1040, Schedule C and Schedule SE (and es...

3 comments posted 12yrs

posted by sbernelli

3 comments posted 12yrs posted by sbernelli

Daughter Going For Graduate Degree

Our 31 year old unmarried daughter has decided to go back to graduate school to get a degree in Speech Therapy. She wil...

4 comments posted 12yrs

posted by Jwisnia18

4 comments posted 12yrs posted by Jwisnia18

Paying a foreign person

On a project I'm doing, I have a subcontractor in Montreal. He's a Canadian citizen, and has an SSN because he used to...

5 comments posted 12yrs

posted by johnl

5 comments posted 12yrs posted by johnl