Taxes General Forum

Deductibility of Out-of-Pocket Expenses for Charitable Volunteer Work

Sorry, I've asked this before but didn't get a consensus answer. My college student daughter will be going on a volunte...

3 comments posted 13yrs

posted by greekgod

3 comments posted 13yrs posted by greekgod

IRS Chat Line?

Hi, Does the IRS have an online chat line? We live in Costa Rica and phone calls to the US are expensive. They have one...

6 comments posted 13yrs

posted by abbybrown

6 comments posted 13yrs posted by abbybrown

Are closing costs deductible?

I bought a 2BR condo that was a foreclosure $101k. On top of the usual closing costs, I had to pay $9000 in back assess...

6 comments posted 13yrs

posted by faraz

6 comments posted 13yrs posted by faraz

Foreign Income Exemption (and 401k to roth rollover)

Hi, I am a US citizen that has been traveling outside of the country for the entire year of 2012. I recently got a work...

5 comments posted 13yrs

posted by buchhla

5 comments posted 13yrs posted by buchhla

Everything You Wanted To Know About the Net Investment Income Tax aka the 3.8% Medicare Contribution Tax

IRS FAQs: http://www.irs.gov/uac/Newsroom/Net-Investment-Income-Tax-FAQs Proposed Regulations: https://s3.amazonaws.com...

9 comments posted 13yrs

posted by tempuser

9 comments posted 13yrs posted by tempuser

Trust Capital ,Gain Subject To AMT?

A simple pass through trust is selling its sole asset, resulting in a mid six figure capital gain. The trust will pay a...

0 comments posted 13yrs

posted by wbrenner

0 comments posted 13yrs posted by wbrenner

Disappearing College Tax Credit?

I was playing with my wife's smartphone while she was driving somewhere and found an article that said a Tuition tax cr...

1 comments posted 13yrs

posted by *

1 comments posted 13yrs posted by *

Trust - Capital Gains

How are capital gains and Qualified Dividends taxed in a SNT Trust if they are not distributed

3 comments posted 13yrs

posted by kupchik

3 comments posted 13yrs posted by kupchik

Withdraw IRA to pay off taxes && divorce

Wife and I are in divorce mediation. We owe approx 15k in back taxes (state and fed). During mediation we discussed pay...

5 comments posted 13yrs

posted by clancampbell

5 comments posted 13yrs posted by clancampbell

Expat Tax Questions

I've been offered a job in Bermuda. A few (well more than a few) questions. The salary will be in 6 figures. 1) Assumin...

10 comments posted 13yrs

posted by dontspamme

10 comments posted 13yrs posted by dontspamme

Best health care plan for one person sole proprietorship?

Hello, I have a sole proprietorship to do computer consulting. I was in business for decades as a Subchapter S corporat...

2 comments posted 13yrs

posted by ameyer2

2 comments posted 13yrs posted by ameyer2

depreciating inherited house?

siblings inherit a house, and it will take them a few years to clean it up, have garage sales, etc. Siblings are busy p...

2 comments posted 13yrs

posted by PicoRico

2 comments posted 13yrs posted by PicoRico

Temporary Work - Travel Expense Deduction

I am looking for some input on what I may be able to deduct fot Travel and Business expenses. I live in San Francisco b...

3 comments posted 13yrs

posted by susheth

3 comments posted 13yrs posted by susheth

Tax consequences of an agreement to convey property?

Years ago (well beyond any Medicaid lookback period, at this point), Mother (M) gave her two homes to Brother (B) and S...

3 comments posted 13yrs

posted by rlc-news

3 comments posted 13yrs posted by rlc-news

Change cash to accrual

I do consulting. I generally work on a w-2. I worked on a 1099 about 8 years ago and used cash basis for my tax return....

2 comments posted 13yrs

posted by mjc606

2 comments posted 13yrs posted by mjc606