Taxes General Forum

Roth five-year rule on conversion accounts

I am over 60 and am confused by the 5-year rule on Roth IRAs as it relates to conversions from regular IRA to Roth. My...

3 comments posted 13yrs

posted by cc

3 comments posted 13yrs posted by cc

Laser therapy device tax deductible?

I have been getting cold laser treatments from my chiropractor. They are not covered by insurance but they are tax dedu...

3 comments posted 13yrs

posted by jblatz2

3 comments posted 13yrs posted by jblatz2

Making payment for someone else and then getting reimbursed

Our daughter incurred a deductible expense. My wife paid for the expense because my daughter didn't have her wallet han...

7 comments posted 13yrs

posted by rick

7 comments posted 13yrs posted by rick

How is TurboTax calculating depreciation?

I'm working on back taxes for a client and I have their 2010, 2011 and 2012 returns. They rent a townhouse on Schedule...

9 comments posted 13yrs

posted by mrosen

9 comments posted 13yrs posted by mrosen

I setup an LLC back in 2006 simply to provide liability limitation but have never filed

Hello, This is my situation - I have a California C Corp in good standing. I am the sole owner. A few years ago (2006)...

6 comments posted 13yrs

posted by jeremym

6 comments posted 13yrs posted by jeremym

Can cost of re-plumb be deducted as casualty loss?

I live in a 20-year old house built on a slab (no basement). The pipes for plumbing all run under the slab. One of the...

5 comments posted 13yrs

posted by jackbender

5 comments posted 13yrs posted by jackbender

New Form 8960 for NIIT (3.8%)

I can't find a draft form yet. Anyone have it or know when we might expect it? As well as further regulations?

12 comments posted 13yrs

posted by PicoRico

12 comments posted 13yrs posted by PicoRico

allocation of income for content subscription

A company (partnership) sells access to digital content. Sales are to people in nearly every state plus many foreign co...

3 comments posted 13yrs

posted by garyg7

3 comments posted 13yrs posted by garyg7

Is there a capital loss on sale of primary house?

I know there is no capital gain on a primary house, but I sold my house for less than I paid for it 20 years ago. Can I...

1 comments posted 13yrs

posted by *

1 comments posted 13yrs posted by *

repaid unemployment insurance income

How does one correct the payment of tax on unemployment compensation if the amount was repaid in the following tax year...

3 comments posted 13yrs

posted by bh2os62

3 comments posted 13yrs posted by bh2os62

Re: Boss did not withhold tax

"Metspitzer" wrote > My niece worked for a company for 2 weeks and they paid her cash. At > the end of the 2 weeks the...

1 comments posted 13yrs

posted by paulthomascpapc

1 comments posted 13yrs posted by paulthomascpapc

Sr. Citizen Question Re Google Financial

Hello, Am in my 70's now, and would be grateful for some help. Years ago, I used Google Financial to at least try to ke...

2 comments posted 13yrs

posted by rgsros

2 comments posted 13yrs posted by rgsros

Medical Reimbursement Plan

Client owns 100% of what was a C Corporation which we changed to an S Corporation about 5 years ago. At the time, I tol...

0 comments posted 13yrs

posted by cantor2

0 comments posted 13yrs posted by cantor2

Landlord moves back in

Not so hypothetical scenario: TP lives in TX, gets a job in MA, rents TX property out for 2 years. TX lease ends, tenan...

3 comments posted 13yrs

posted by charlespkingcpa

3 comments posted 13yrs posted by charlespkingcpa

Part time Employee

I have a part time employee that works 20 hours a week for a total of 80 hours a month. I pay her $1600 per month. But...

7 comments posted 13yrs

posted by superprimenova

7 comments posted 13yrs posted by superprimenova