Taxes General Forum

Rev Proc 2012-19 and the unicap rules under 263A

is there a reasonably clear explanation of all this? I find the IRS language to be gibberish, and the couple of memos I...

4 comments posted 13yrs

posted by PicoRico

4 comments posted 13yrs posted by PicoRico

RE aggregation election question

Way back when, we aggregated my rental properties by filing an election under section 469(c)(7)(A). At the time, this e...

8 comments posted 13yrs

posted by way222

8 comments posted 13yrs posted by way222

civil rights violation compensatory damages settlement

Former government employer fired me for declining to submit to a random, suspicionless drug test. ACLU sued former empl...

10 comments posted 13yrs

posted by greg.scoville

10 comments posted 13yrs posted by greg.scoville

Gradual transition from business to hobby

Taxpayer started a business in 2007 as a mobile DJ, playing at weddings, company parties, etc. Taxpayer treated it as a...

4 comments posted 13yrs

posted by edrobertsjr

4 comments posted 13yrs posted by edrobertsjr

My Mother had an IRA and when she died the RMD was not finished.

I am one of the beneficiaries I need to add $3,000 to the RMD to complete it. Is it true that I can distribute the mone...

4 comments posted 13yrs

posted by Jerry

4 comments posted 13yrs posted by Jerry

Best time to sell mutual fund

When is it the best time to sell a mutual fund that you are intending to sell--before or after they pay the annual divi...

3 comments posted 13yrs

posted by shberra

3 comments posted 13yrs posted by shberra

Tax Liability - Quit Claim Deed

I have a question regarding my situation: I own a condo property that I live in as my primary residence in CA. It is no...

4 comments posted 13yrs

posted by kaiotes

4 comments posted 13yrs posted by kaiotes

How does IRS assume depreciation when selling rental property

I read that if you don't take depreciation expense on a rental, IRS will assume you did when you sell the property. My...

15 comments posted 13yrs

posted by faraz

15 comments posted 13yrs posted by faraz

Debt versus Equity in a small C-Corp

I have had a one-person C-Corporation for many years. At times it has been successful, but it has had mostly losses for...

5 comments posted 13yrs

posted by dbrady

5 comments posted 13yrs posted by dbrady

NRA -- No capital gains tax and portfolio interest?

It used to be that NRA are not taxed on capital gains and bond interest. Has the rules changed? I am looking at the ins...

1 comments posted 13yrs

posted by m8r.jn1sdp

1 comments posted 13yrs posted by m8r.jn1sdp

Note: The author of this message requested that it not be archived. This message will be removed from Groups in ....

Just how special, how important, how full-of-himself does someone have to be to set this flag? I wonder if they underst...

0 comments posted 13yrs

posted by w.p.brown.cpa

0 comments posted 13yrs posted by w.p.brown.cpa

medicare tax on options is 0.9% or 3.8%?

Suppose your AGI is 250k. In 2013 you exercise NQSO options , with a profit of say 10k. Is the Obamacare medicare tax 0...

8 comments posted 13yrs

posted by removeps-groups

8 comments posted 13yrs posted by removeps-groups

Royalties

My childbride gets royalties from two different sources. The first are from her only published book and in a good year...

7 comments posted 13yrs

posted by rdadams

7 comments posted 13yrs posted by rdadams

UBTI

On the Motley Fool and Seeking Alpha and other forums I've seen postings which imply that UBTI and recaptured depreciat...

2 comments posted 13yrs

posted by Taemwar

2 comments posted 13yrs posted by Taemwar

Rental use change from 50% to 100% business

I currently rent one unit of a two family home, 57.5% of the home, and will now rent both units beginning in November,...

2 comments posted 13yrs

posted by Novice CPA

2 comments posted 13yrs posted by Novice CPA