Taxes General Forum

value of illegal art and gift tax

There is an interesting article about the value of illegal art and gift tax. Some heirs inherited art that contains a s...

12 comments posted 14yrs

posted by removeps-groups

12 comments posted 14yrs posted by removeps-groups

Quitclaim in NJ

Are there any government fee / tax involved in quitclaiming a property to a single memember LLC? The owner of the LLC an...

2 comments posted 14yrs

posted by starexllc

2 comments posted 14yrs posted by starexllc

How to treat income?

Taxpayer's investment advisor convinces them to sell the IBM and to buy an annuity. State Office of Investment Regulati...

4 comments posted 14yrs

posted by tomchand

4 comments posted 14yrs posted by tomchand

Criminal bacground requirements

I made a mistake over 36 years ago. I was a runaway and prostituted myself to live. I was charged was a Class C misdeme...

5 comments posted 14yrs

posted by testytesty89

5 comments posted 14yrs posted by testytesty89

Is sale of rental property at a loss considered capital or ordinary loss?

What is the correct tax treatment of the sale of rental property at a loss? Is it considered ordinary income or a capit...

9 comments posted 14yrs

posted by rick

9 comments posted 14yrs posted by rick

capital gains on houses

Lets say I own a house that I paid $200,000 for 20 years ago. Now I buy a second house for $400,000. Two years from now...

9 comments posted 14yrs

posted by *

9 comments posted 14yrs posted by *

Estimated Tax on Savings Bond Interest?

This is a follow-up to a question asked previously on this site. Taxpayer owns $98,000 worth of Series EE savings bonds...

11 comments posted 14yrs

posted by rick

11 comments posted 14yrs posted by rick

How much to get out of retirement?

I have a friend who is disabled (double lung transplant) She wants to take out the maximum amount she can without havin...

0 comments posted 14yrs

posted by Kilowatt

0 comments posted 14yrs posted by Kilowatt

Let us pay our respects to Gene Utterback

Gene and I were planning to get together this weekend after the Homebrewed Beer Judging was over. However, when I calle...

1 comments posted 14yrs

posted by rdadams

1 comments posted 14yrs posted by rdadams

IRS is stalling on my amended return; anything to do?

I have foreign dividend income, but rarely enough income to use the Foreign Tax Credit. In 2007 I had substantial incom...

3 comments posted 14yrs

posted by *

3 comments posted 14yrs posted by *

Pension Records, Statute?

What would be the statute of limitations on pension plan records? How far back should the plan administrator keep the a...

5 comments posted 14yrs

posted by paulthomascpapc

5 comments posted 14yrs posted by paulthomascpapc

What to say?

I love taxpayers with strange tax problems who get sent to me by family members and "friends". I need to implement a be...

2 comments posted 14yrs

posted by tomchand

2 comments posted 14yrs posted by tomchand

Travel expenses for employee at 2 business locations

Hi gang, hope you summer is going great! I have a couple to throw to you "wolves"! Taxpayer is an employee, and serves...

43 comments posted 14yrs

posted by tomchand

43 comments posted 14yrs posted by tomchand

terminology: to "offset"?

Reading the other thread on Individual Mandate Penalty made me wonder, are the following phrases meaningful, and can th...

1 comments posted 14yrs

posted by makbo

1 comments posted 14yrs posted by makbo

Answer To A Forthcoming Question

Shortly, someone is going to post the following: I just received a rebate check in the mail on my medical insurance. Is...

4 comments posted 14yrs

posted by tempuser

4 comments posted 14yrs posted by tempuser