Taxes General Forum

Signing as the tax preparer for a state legal Marijuana distributor.

Anybody have any idea if signing a return as the paid tax preparer, for a state legal marijuana business, is asking for...

2 comments posted 13yrs

posted by Don.Steiger

2 comments posted 13yrs posted by Don.Steiger

Refusing the income from a trust fund.

I know one can refuse an inheritance, but can one refuse income from a trust fund without gift tax consequences? For 28...

22 comments posted 13yrs

posted by nadcixelsyd

22 comments posted 13yrs posted by nadcixelsyd

Question on 2013 Section 179?

Question on 2013 - Section 179 Re: expenditures Does it also include leasehold improvements to enhance the business? Tha...

1 comments posted 13yrs

posted by ritagoldman101

1 comments posted 13yrs posted by ritagoldman101

Is this what Congress really intended?

Is this what Congress really intended? I just completed my 2012 tax return. 2012 was my first year of retirement. My ta...

15 comments posted 13yrs

posted by nadcixelsyd

15 comments posted 13yrs posted by nadcixelsyd

1031 exchange and Capital Gains tax rates question.

Questions on 1031 exchange. 1.I am selling my restaurant and in the process of building another one. My current restaur...

1 comments posted 13yrs

posted by avacohen100

1 comments posted 13yrs posted by avacohen100

I want to report my former boos for tax evasion/fraud as I did all of his books,

file IRS Form 3949 A to report my former bossfor tax evasion/fraud. I did all of his bookkeeping, billing, banking, etc...

2 comments posted 13yrs

posted by alummizzou

2 comments posted 13yrs posted by alummizzou

401(k) rollover to Roth IRA

Can I rollover a 401(k) to a Roth IRA with no tax consequences. Since I can never keep straight what is pre-tax and wha...

8 comments posted 13yrs

posted by kurtullman

8 comments posted 13yrs posted by kurtullman

What is the statute number regarding the 15% rate for qualified dividends and long-term capital gains?

The subject says it all: What is the statute number (i.e. code section) regarding the 15% rate for qualified dividends a...

2 comments posted 13yrs

posted by nadcixelsyd

2 comments posted 13yrs posted by nadcixelsyd

deduction limits for OIH, not for profit activities, etc

In a number of areas on the income tax return (OIH, not for profit rentals, hobbies), we must take deductions by catego...

8 comments posted 13yrs

posted by makbo

8 comments posted 13yrs posted by makbo

How to become non resident of a State for tax purposes?

How to become non resident of California for tax purposes? If one were to move out of California say to AZ or FL...and...

3 comments posted 13yrs

posted by ritagoldman101

3 comments posted 13yrs posted by ritagoldman101

Taxes due for an IRA with Estate as neneficiary

Both my traditional and Roth IRAs have Our Estate as beneficiary. When the IRA owner dies the Remaining spouse gets the...

8 comments posted 13yrs

posted by mauro_gaetano

8 comments posted 13yrs posted by mauro_gaetano

ESA tax reporting for college expenses

My son is off to college in the fall and I am paying the first semesters room and board with his ESA account. How do I r...

1 comments posted 13yrs

posted by timnels

1 comments posted 13yrs posted by timnels

Question on CA resident with income from states

Question on CA resident with income from states What are the rules for a California Resident (for Tax purposes) with in...

5 comments posted 13yrs

posted by irfansmith

5 comments posted 13yrs posted by irfansmith

Advice for RMD monies

I will be 70 next year. I will be getting my Required Minimum Distribution which will push me way into a new tax bracke...

8 comments posted 13yrs

posted by jblatz2

8 comments posted 13yrs posted by jblatz2

50% penalty for missed RMDs on inherited IRA

If a non-spouse inherits an IRA and fails to take the RMDs each year, I understand there's a 50% penalty. And there's a...

8 comments posted 13yrs

posted by JoeTaxpayer

8 comments posted 13yrs posted by JoeTaxpayer