Taxes General Forum

Refund Not Found

My daughter filed her 2012 income tax late, around June 30. She filed as an Israeli resident, so the due date for her r...

3 comments posted 12yrs

posted by larry.israel100

3 comments posted 12yrs posted by larry.israel100

Selling Prudential stock

I recently sold my Prudential stock which I received when the company went from mutual to stock. How do I handle the cap...

22 comments posted 12yrs

posted by C.F.

22 comments posted 12yrs posted by C.F.

how to report proceeds from security class action suit

I received $3K from the settlement of the Lehman Brothers Litigation. How should I report that next year at tax time?

3 comments posted 12yrs

posted by phillysleuth

3 comments posted 12yrs posted by phillysleuth

Appeal tax penalty and interest?

I recently received notification from the IRS that we owe tax on unreported interest from inherited, redeemed HH bonds....

2 comments posted 12yrs

posted by RJP

2 comments posted 12yrs posted by RJP

Tax liability after estate has distributed all funds

My brother became the trustee of my mother's estate upon her death in 2010 (no surviving spouse). All of the funds in t...

5 comments posted 12yrs

posted by machinn

5 comments posted 12yrs posted by machinn

1040NR 1099-B

I need to file the 1040NR of 2011. I received the 1099-B from the bank. Income tax withheld = 0 (zero) I sold 2 funds w...

15 comments posted 12yrs

posted by pmneves

15 comments posted 12yrs posted by pmneves

What are the tax consequences of taking money from my 401K, I'm 74, and donating

I would like to fund a Gift Annuity and I do not itemize so I would like to donate directly from my 401K to fund this g...

5 comments posted 12yrs

posted by Saint

5 comments posted 12yrs posted by Saint

Investment legal fees added to basis?

A number of years ago I invested $100,000 in a startup that failed. I had $15,000 in legal fees associated with the inve...

8 comments posted 12yrs

posted by *

8 comments posted 12yrs posted by *

Charitable Contributions

I recently received a question, and couldn't come up with a definitive answer: The Code says that a qualified nonprofit...

10 comments posted 12yrs

posted by spamtrap

10 comments posted 12yrs posted by spamtrap

? on reporting loss of rental property on 4797

I sold 2 rental properties last year one with a gain one as a loss- both were owned long term. Both were entered on for...

2 comments posted 12yrs

posted by Jackie

2 comments posted 12yrs posted by Jackie

Tax on (1) Sale or (2) Exercise of Call Option?

On Jan 3, 2013 I buy call options on stock A which expire on Jan 18, 2014. I have two possibilities: 1. On Jan 5, 2014,...

4 comments posted 13yrs

posted by njoracle

4 comments posted 13yrs posted by njoracle

why no auth required w/ efiled extension?

Everywhere in the IRS web site and form instructions, it's said that you only need Form 8878 signature authorization to...

4 comments posted 13yrs

posted by makbo

4 comments posted 13yrs posted by makbo

Railroad retirement 1099 R

Retired for several years, the line 3 amount on my annual RRB 1099 R never changes. The explanation on the back of the...

3 comments posted 13yrs

posted by fbnba

3 comments posted 13yrs posted by fbnba

Death tax 2013

What is the ceiling and tax rate for 2013.

3 comments posted 13yrs

posted by Sherrie

3 comments posted 13yrs posted by Sherrie

Capital Gains tax for 2013

Selling business equipment. If there is a long term capital gain on the sale of equipment (because the depreciated valu...

4 comments posted 13yrs

posted by ritagoldman101

4 comments posted 13yrs posted by ritagoldman101