Taxes General Forum

Have to give 1099 to someone who is a conduit to a 3rd party?

Scenario: A bunch of friends want to co-locate servers in a datacenter. It's a lot cheaper to rent an entire rack at on...

1 comments posted 13yrs

posted by lmechanic

1 comments posted 13yrs posted by lmechanic

Changing partial rental back to full personal

Taxpayer buys a house for personal use as primary home, but rents out the top floor to two tenants. The tenants are all...

3 comments posted 13yrs

posted by rick

3 comments posted 13yrs posted by rick

Reasoning on Computation of Pretax IRA withdrawal?

Apparently they want the value of your IRA at the end of the year you take the withdrawal rather than at the beginning,...

2 comments posted 13yrs

posted by rhhardin

2 comments posted 13yrs posted by rhhardin

Can I switch from MFS to MJ?

I screwed up. I filed my 2012 return MFS and received a refund of about $1700. But when I went to figure out my wife's...

2 comments posted 13yrs

posted by degspam

2 comments posted 13yrs posted by degspam

How much of NOL to use up

How much of NOL to use up? Suppose your AGI is 9750. After standard deduction and exemption, your taxable income is zer...

3 comments posted 13yrs

posted by removeps-groups

3 comments posted 13yrs posted by removeps-groups

Foreign Income Exclusion

Individual worked for a US company and lived abroad over 330 days in each of 2009 through 2011 and qualified for the fo...

5 comments posted 13yrs

posted by michaelhbratt

5 comments posted 13yrs posted by michaelhbratt

Datamatics tax outsourcing

Do any preparers using ProSystem with a large number of 1040's use Datamatics to outsource? I am wondering how the proc...

0 comments posted 13yrs

posted by mrosen

0 comments posted 13yrs posted by mrosen

1099 Consulting - two questions

I?m an Illinois resident going through hell and I?m actively engaged in a job search. In 2012, my only source of income...

4 comments posted 13yrs

posted by sbernelli

4 comments posted 13yrs posted by sbernelli

1099 Consulting

I?m an Illinois resident going through hell and I?m actively engaged in a job search. In 2012, my only source of income...

4 comments posted 13yrs

posted by sbernelli

4 comments posted 13yrs posted by sbernelli

House Owned Overseas As A Corporation

Hi, My wife and I purchased a retirement home in Costa Rica as a corporation (common here to reduce taxes). The house i...

1 comments posted 13yrs

posted by garyjbrown123

1 comments posted 13yrs posted by garyjbrown123

State taxes due, but to what state?

My wife did some out of state contracting work as an employee of a consulting firm last year. Our state of residence an...

4 comments posted 13yrs

posted by bill-deja

4 comments posted 13yrs posted by bill-deja

can do either Insolvency discharge or Qualified Principal Residence of Indebtedness discharge, which is better?

so i only had a cancellation of debt from Fannie Mae for my mortgage on my primary home. i can get rid of it via insolv...

0 comments posted 13yrs

posted by reciprocitycow

0 comments posted 13yrs posted by reciprocitycow

Got both 1099-c and 1099-a from Fannie Mae for mortgage debt cancellation on my foreclosed primary ca home, same Date but different FMV listed. What to list as FMV on p4681 Foreclosure worksheet (Table 1-1)?

Got both a 1099-c and 1099-a from Fannie Mae for mortgage on my foreclosed primary ca home, $278k is the outstanding pr...

3 comments posted 13yrs

posted by reciprocitycow

3 comments posted 13yrs posted by reciprocitycow

1099C question

We operated a graphic design business for decades. A few years back I had to take series of classes to upgrade skills t...

6 comments posted 13yrs

posted by me

6 comments posted 13yrs posted by me

K-1 - Part III - Box 16 - D,F

K-1 reporting - Part III - 16 D, F I received my K-1 from a stock investment called - Brookfield Infrastructure Partner...

1 comments posted 13yrs

posted by pschuman_no5pam_m3

1 comments posted 13yrs posted by pschuman_no5pam_m3