Taxes General Forum

Parent bought condo which I rent out

My Mom bought a condo on foreclosure for cheap. She told me to manage it for a few years and then she will sell it to m...

19 comments posted 13yrs

posted by faraz

19 comments posted 13yrs posted by faraz

Sandy

Does anyone know how our fellow tax preparers up in the Maryland, Delaware, Jersey and NY fare? Just been thinking of th...

7 comments posted 13yrs

posted by paulthomascpapc

7 comments posted 13yrs posted by paulthomascpapc

Want to rent out home but stay in same area, open to many options pls advice

My current home is now too large for my needs. My husband is out of state and works there. I am thinking of moving into...

2 comments posted 13yrs

posted by sam

2 comments posted 13yrs posted by sam

interest on loan for summer house or rental property

My wife raised the question if the interest on a mortgage for a summer house or for a rental property is tax deductible....

2 comments posted 13yrs

posted by observer

2 comments posted 13yrs posted by observer

Distribution From Trust Taxable?

A trust has sold its only asset and will pay the appropriate capital gain tax from the proceeds. Is it correct that a p...

5 comments posted 13yrs

posted by wbrenner

5 comments posted 13yrs posted by wbrenner

prop 30 and marriage penalty

BEGIN QUOTE For that portion of taxable income that is over three hundred forty thousand dollars ($340,000) but not ove...

4 comments posted 13yrs

posted by removeps-groups

4 comments posted 13yrs posted by removeps-groups

Expatriate and State Taxes

Let's say that I move to another country to work, and have no actual residence in the USA. I am still a USA citizen and...

6 comments posted 13yrs

posted by dontspamme

6 comments posted 13yrs posted by dontspamme

Change of S-Corp name

Can the name of an S-Corp be changed without starting all over again, i.e., can it use the same EIN?

9 comments posted 13yrs

posted by kingfish02375

9 comments posted 13yrs posted by kingfish02375

Rink V CREF settlement

Just received a much larger settlement check than I expected from a class action suit: Rink V CREF.  I can find nothing...

2 comments posted 13yrs

posted by armand3hammer

2 comments posted 13yrs posted by armand3hammer

Taxation of UBIT in IRA

My understanding is that UBIT is due to leveraging done by MLPs which means that a portion of their income relates to d...

3 comments posted 13yrs

posted by xox

3 comments posted 13yrs posted by xox

RTRP Test

Passed my RTRP test! I was disappointed some of the questions were so simple. There were more questions on Child Tax Cr...

0 comments posted 13yrs

posted by ChenangoBusinessServices

0 comments posted 13yrs posted by ChenangoBusinessServices

Opting Out of OVDI (2011) or OVDP (2012): Experience?

Have any of your clients elected to opt-out of the 2011 IRS Offshore Voluntary Disclsoure Initiative (OVDI) (or even th...

0 comments posted 13yrs

posted by Temprock

0 comments posted 13yrs posted by Temprock

what is penalty if you fail to take RTRP test

If you required to do the "Registered Tax Return Preparer competency test" by 12/31/2013 and fail to do so, and file ta...

7 comments posted 13yrs

posted by removeps-groups

7 comments posted 13yrs posted by removeps-groups

FILING OF TD F 90-22.1 as a Treasurer of small church

As a current expat, I am treasurer of a small Catholic church group. I have no financial interest in this account but o...

1 comments posted 13yrs

posted by always confused

1 comments posted 13yrs posted by always confused

SE-401K mid-year opening?

Re. new SE-401K account for a single-person LLC with no other employees (which is treated as a Schedule C business) whe...

2 comments posted 13yrs

posted by aloy.parker

2 comments posted 13yrs posted by aloy.parker