Taxes General Forum

Quick loan from parents - any tax consequences?

I plan to borrow $30k from my parents and pay back in less than 4 months. Would I have to report this to the IRS in any...

6 comments posted 13yrs

posted by faraz

6 comments posted 13yrs posted by faraz

1099S & IRS Form 8949

I am a California resident and sold an inherited residence in 2012. I received form 1099S that indicates the gross pric...

2 comments posted 13yrs

posted by smakagon79

2 comments posted 13yrs posted by smakagon79

Inherited condo sale

Family inherited a condo 4 years ago, family used it a few times for vacation, been vacant for most part. Never rented....

2 comments posted 13yrs

posted by bh2os62

2 comments posted 13yrs posted by bh2os62

Yearly Average Currency Exchange Rates For 2012

Where would I go to find the yearly average currency exchange rates for 2012? This table does not seem to be updated:

2 comments posted 13yrs

posted by nospam

2 comments posted 13yrs posted by nospam

when adding lines 7 thru 21 and there is a neg # is it substracted on f1040?

line 14 is a loss on f1040

4 comments posted 13yrs

posted by Rwg

4 comments posted 13yrs posted by Rwg

Questions for 1031 exchange

Questions for 1031 exchange 1. Can I sell a rental residential property and exchange it for a business ( example restau...

4 comments posted 13yrs

posted by ritagoldman101

4 comments posted 13yrs posted by ritagoldman101

Timing of estimated tax payments

In the past I was employed, and made estimated tax payments only to true up my tax paid against my withholding. Now I w...

4 comments posted 13yrs

posted by dontspamme

4 comments posted 13yrs posted by dontspamme

"open transaction" versus "installment agreement"

The IRS says that an open transaction can only be used "in those rare and extraordinary cases in which the fair market...

1 comments posted 13yrs

posted by *

1 comments posted 13yrs posted by *

1099-R is wrong what to do

I cashed out my retirement last year (approx 14,725) and because I knew there would be penalties I had them withhold ap...

2 comments posted 13yrs

posted by Deb R

2 comments posted 13yrs posted by Deb R

California Tax Break Unconstitutional

Due to a court decision last August, the State of California is now threatening to eliminate a tax break for small busi...

8 comments posted 13yrs

posted by spamtrap

8 comments posted 13yrs posted by spamtrap

SMLLC - owner on payroll

Can a single member LLC member/manager pay himself bi-weekly payroll checks right along with his other employees? Of co...

3 comments posted 13yrs

posted by mmurrellcpa

3 comments posted 13yrs posted by mmurrellcpa

1099-Q Rant

It seems Uncle Sam must take his cut, no matter what, and then some. There is a 10% penalty on withdrawals from a 529 p...

8 comments posted 13yrs

posted by ron

8 comments posted 13yrs posted by ron

1099-Q Questions

My daughter is in her second year of University. I have two 529 plans for her - a prepaid tuition plan and a plan for o...

3 comments posted 13yrs

posted by greekgod

3 comments posted 13yrs posted by greekgod

Re: On line Federal payroll tax withholding calculator???

> Am looking for an online source federal payroll tax > withholding tables that would tell how much to withhold > based...

1 comments posted 13yrs

posted by juliasgfx

1 comments posted 13yrs posted by juliasgfx

Domestic partnership NY and state taxes

I am currently in a domestic (opposite sex, if it matters) partnership. We registered with the NYC Clerk's office in la...

16 comments posted 13yrs

posted by brandonng2

16 comments posted 13yrs posted by brandonng2