Taxes General Forum

how member of multi-member LLC reports their own expenses for LLC

How does member of multi-member LLC reports their own expenses for LLC? This link http://answers.yahoo.com/question/ind...

1 comments posted 13yrs

posted by removeps-groups

1 comments posted 13yrs posted by removeps-groups

parents home sale - child joint owner

Parent put 3 children on deed as joint owner in 2001. Purchased property in 1999 for $83000 Sold 2012 for 69000. what ba...

2 comments posted 13yrs

posted by smfwdf

2 comments posted 13yrs posted by smfwdf

1099-C on residence - rental property

Taxpayer lives in three family home. Restructured mortgage and received 1099-C for $25000. I understand if it was a per...

1 comments posted 13yrs

posted by smfwdf

1 comments posted 13yrs posted by smfwdf

Another unhappy encounter with TurboTax

I finally finished m Federal and state income tax returns for 2012. I even sprung the $20 for Intuit to e-file my Calif...

4 comments posted 13yrs

posted by SalmonEgg

4 comments posted 13yrs posted by SalmonEgg

address error made on 1040

I entered the wrong city on a 1040 I e-filed for a client. The zip code was correct. The client is not getting a refund...

1 comments posted 13yrs

posted by dommanno

1 comments posted 13yrs posted by dommanno

SECTION 529 Education Saving account

We opened an account under Section 529 for education saving for our children. Do we have to report it to IRS on form 104...

4 comments posted 13yrs

posted by nativecrafts

4 comments posted 13yrs posted by nativecrafts

Why do I need an intermediary to e-File?

I just finished preparing my Federal and California 2012 income tax returns. I used TurboTax for the purpose. I still h...

29 comments posted 13yrs

posted by SalmonEgg

29 comments posted 13yrs posted by SalmonEgg

Cost basis of a remainder interest

Adam, a widower with a son, buys a house for $300k. Adam then marries Betty but retains sole ownership. When Adam dies,...

1 comments posted 13yrs

posted by nadcixelsyd

1 comments posted 13yrs posted by nadcixelsyd

What Foreign Tax Credit can I carry forward, and how?

First, forget my last post about FTC; I was confused. Sorry. In 2012 I have a good income and am somewhat into AMT. I h...

3 comments posted 13yrs

posted by *

3 comments posted 13yrs posted by *

File tax forms with zero income?

This year my deductions wiped out my measly income, so I have a zero tax liability. Is it "better" (in terms of complet...

5 comments posted 13yrs

posted by d

5 comments posted 13yrs posted by d

Problem on filing extention

I will have to delay filing my taxes this year because I have to get a new computer and wait for my son to set everythi...

4 comments posted 13yrs

posted by wbaker

4 comments posted 13yrs posted by wbaker

AMT due to NOL?

Personal return has w-2 income of $50,000 Schedule C income $10,000 Standard deduction Sch D gain $7500 4797 Gain 58,00...

1 comments posted 13yrs

posted by smfwdf

1 comments posted 13yrs posted by smfwdf

Entering My Bank Account Data in TurboTax

I'm using TurboTax Deluxe for the first time. I'm getting refunds from both Federal and state (MA) this year. I want th...

5 comments posted 13yrs

posted by jwisnia18DUMPTHIS

5 comments posted 13yrs posted by jwisnia18DUMPTHIS

Can I not report some foreign taxes paid?

According to my brokerage statements I paid $2,700 in foreign taxes that I could get a credit for; but I am way into AM...

4 comments posted 13yrs

posted by *

4 comments posted 13yrs posted by *

Conflicting 1099's

A friend of mine who does not use internet resources well told me this. Unfortunately, I do not know the details. A ban...

4 comments posted 13yrs

posted by SalmonEgg

4 comments posted 13yrs posted by SalmonEgg