Taxes General Forum

CP11: Can't figure out IRS tax calcualation

Taxpayer received a CP11 requesting more tax to be paid. It says Taxpayer should have calculated tax using Schedule D T...

0 comments posted 13yrs

posted by PicoRico

0 comments posted 13yrs posted by PicoRico

IRS says I paid too much; do I just accept that?

I just got a check from the IRS, saying I calculated my tax wrong. I used H&R AtHome. I went over it and don't find any...

5 comments posted 13yrs

posted by *

5 comments posted 13yrs posted by *

How many individuals do their own tax returns?

Are there any statistics on how many individuals do their own tax returns using tax software (such as turbotax) or with...

24 comments posted 13yrs

posted by *

24 comments posted 13yrs posted by *

Does WY LLC need to file as foreign corp in GA if doing business development?

I am interested in forming a Wyoming LLC for the purpose of conducting business development activities on a global basi...

7 comments posted 13yrs

posted by BizDev

7 comments posted 13yrs posted by BizDev

consultant based in one state who gives services to people in other states but never steps foot there

I am based in South Carolina and am thinking about opening a consulting computer programming business where I login to...

0 comments posted 13yrs

posted by xyzer

0 comments posted 13yrs posted by xyzer

PTP (MLP) sale: estimate 'gain'

I'm thinking of selling some PTPs (specifically, OKS & DCP, pipeline MLPs). The sale will produce both capital and 'ord...

1 comments posted 13yrs

posted by gbeccles

1 comments posted 13yrs posted by gbeccles

What are my responsibilities if I suspect too many dependents being claimed

A family files an ITIN tax form claiming an inordinate amount of dependents which I know will result in a huge refund. W...

4 comments posted 13yrs

posted by John Biel

4 comments posted 13yrs posted by John Biel

Calif tax safe harbor question

I have been residing outside of California for 1.5 years. I still have a home and car in California. I am a registered...

1 comments posted 13yrs

posted by H20DOG

1 comments posted 13yrs posted by H20DOG

Levying 1099 income and payment of several past due tax years

Hello everyone, Situation is - client owes over $100K in past due taxes, penalties and interest for 2009, 2010 and 2011...

7 comments posted 13yrs

posted by caj11

7 comments posted 13yrs posted by caj11

PTP cost basis

How does one determine the cost basis of an investment in a PTP where the units have been purchased on more than one oc...

3 comments posted 13yrs

posted by ira.smilovitz

3 comments posted 13yrs posted by ira.smilovitz

Software Consultant Sole Member LLC in Williamson County TN: Licenses and Taxes

I am a software developer / IT consultant trying to establish my own software consulting business. I have established a...

2 comments posted 13yrs

posted by jqureshi24

2 comments posted 13yrs posted by jqureshi24

RMDs for pension annuity?

I know that RMDs apply to IRAs and 401(k). Do RMDs apply to pension annuities? Any pointers to IRS explanations (esp. P...

2 comments posted 13yrs

posted by qguy31416

2 comments posted 13yrs posted by qguy31416

How do I handle an unusual capital loss

I invested $100,000 in a small business in 2000. Last week I sold it for $100. Do I just list it on the Schedule D and...

4 comments posted 13yrs

posted by *

4 comments posted 13yrs posted by *

payments scheduled on 4/15 but appear later in bank statement

My 4868 was filed on 4/15 with payment scheduled for that day, but the bank statement shows the money was taken out of...

1 comments posted 13yrs

posted by removeps-generic

1 comments posted 13yrs posted by removeps-generic

Married filing Separate

Are there any exceptions to married filing separate to those separated for 10 years, no contact, no kids. Can one ever f...

16 comments posted 13yrs

posted by bh2os62

16 comments posted 13yrs posted by bh2os62