Taxes General Forum

IRA-to-Roth conversion + later non-deductible IRA contribution

Hi, I had a traditional IRA account (was a rollover from previous employer's plan) that I converted to a Roth IRA in 20...

4 comments posted 12yrs

posted by pshafer.hotmail

4 comments posted 12yrs posted by pshafer.hotmail

Using a POA to Sign an Aunt's Tax Return

I have to file my 91 yr-old aunt's tax return which she is physically unable to sign. I have a Power of Attorney (POA)...

1 comments posted 12yrs

posted by tlccpa2714

1 comments posted 12yrs posted by tlccpa2714

EPD MLP reporting for tax year 2013

In prior years the K-1 package for EPD included data on 4-5 partners, and indicated you were supposed to file a k-1 for...

0 comments posted 12yrs

posted by phillysleuth

0 comments posted 12yrs posted by phillysleuth

State taxes paid for the deceased final state tax return

Are taxes paid for the deceased 2013 final state taxes dedutible on form 1041 line 11 in 2014?

0 comments posted 12yrs

posted by toubikat2

0 comments posted 12yrs posted by toubikat2

Both 1099-R and 1099-INT received from life insurance policy cash out

I terminated a life insurance policy that had a cash value (approx. $20,700) in 2013. As expected, I received a 1099-R...

2 comments posted 12yrs

posted by jefforum

2 comments posted 12yrs posted by jefforum

Estimated tax 2013 and 2014

Is this a correct statement? Generally, just use the 2012 amount of tax you owed to figure your 2013 IRS estimated tax...

1 comments posted 12yrs

posted by Ma9a56

1 comments posted 12yrs posted by Ma9a56

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 ha...

0 comments posted 12yrs

posted by pacard

0 comments posted 12yrs posted by pacard

Questions about 1041 for my deceased sister's trust

I am doing my deceased sister's trust return (1041) for the second year. All the assets of the deceased are in an irrev...

1 comments posted 12yrs

posted by toubikat2

1 comments posted 12yrs posted by toubikat2

Gift and stock basis? ? ?

Here?s the scenario: 1. I received stock as a gift 25 years ago. It was then valued at $5,000. 2. The stock is now valu...

2 comments posted 12yrs

posted by news

2 comments posted 12yrs posted by news

Owner Operator Truck Driver, Schedule C

Would the owner operator of a semi-truck (large Peterbuilt) deduct his fuel, repairs, and insurance for that truck on L...

1 comments posted 12yrs

posted by mmurrellcpa

1 comments posted 12yrs posted by mmurrellcpa

Could my tax software possibly be correct?!

I am using H&RBlock tax software. I am pretty much done and everything looks right up to my line 43 Taxable income of $...

10 comments posted 12yrs

posted by *

10 comments posted 12yrs posted by *

Inherited House Sale

Cousin sold inherited house, executor appraised at 95K,(2011) sold for 81K,(2013) not lived in since his father died. Pr...

8 comments posted 12yrs

posted by bh2os62

8 comments posted 12yrs posted by bh2os62

Strange 1099s

My wife and I received two 1099 forms from our bank for TY 2013 which we don't understand. One is for me and the other...

2 comments posted 12yrs

posted by rick

2 comments posted 12yrs posted by rick

Did I pay college tuition?

On my NYS income tax it asks what I paid for college tuition. Well, I paid my son's tuition bill, but I made the paymen...

4 comments posted 12yrs

posted by *

4 comments posted 12yrs posted by *

IRA Penatly Exclusion for "first time home"

Does the exclusion of up to 10K lifetime apply at any time in the life of your first home? In other words, if I take ou...

2 comments posted 12yrs

posted by sorry

2 comments posted 12yrs posted by sorry