Taxes General Forum

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Buying Debt for Pennies on Dollar in US and Canada

Say a large public company has many bonds that mature from 2012 through 2020. Because of financial problems they are ab...
3 comments posted 14yrs
posted by persistentone
3 comments posted 14yrs posted by persistentone

substitute W-4

Do you have to file paper return with Form 4852, substitute W-2? Proseries program says this form is not sent with e-fil...
1 comments posted 14yrs
posted by smfwdf
1 comments posted 14yrs posted by smfwdf

Group term policy payout taxable?

One of the other counselors at the TaxAide site I volunteer at saw this. (It was a different day than I volunteer so I...
3 comments posted 14yrs
posted by rlc-news
3 comments posted 14yrs posted by rlc-news

Bad Debts with Cash Accounting?

Is it legitimate to deduct a bad debts expense for unpaid client bills when your accounting is on a cash basis or is th...
4 comments posted 14yrs
posted by sorry
4 comments posted 14yrs posted by sorry

margin interest deduction?

If I do not itemize (and I am not an investment pro), is there any way to deduct margin interest paid? Mel
16 comments posted 14yrs
posted by moo
16 comments posted 14yrs posted by moo

nonprofit starts a for-profit -- a tax question

Our tax exempt 501(c)3 nonprofit corporation was to start a for-profit enterprise. Our plan is to form a separate for-p...
13 comments posted 14yrs
posted by NPOguy
13 comments posted 14yrs posted by NPOguy

Form I-9 required for subcontractors?

I was about to send a Form I-9 to a client for him to give to subcontractors, but noticed that the instructions defines...
0 comments posted 14yrs
posted by garyg7
0 comments posted 14yrs posted by garyg7

1099-DIV Line 6; Foreign tax paid

I have a mutual fund for which Line 1a, Total ordinary dividend, is the sum of actual dividends paid and the Foreign ta...
3 comments posted 14yrs
posted by SalmonEgg
3 comments posted 14yrs posted by SalmonEgg

Insurance repair on rental property

Hi, I received an insurance claim for hail damage on my rental property. I paid the whole amount to a contractor who pe...
17 comments posted 14yrs
posted by jeffreypbarber
17 comments posted 14yrs posted by jeffreypbarber

Section 481 adjustment and related company

Client C corporation "B" is related both to an investor C corporation "A" and a new operating C corporation "D." A and...
0 comments posted 14yrs
posted by tom
0 comments posted 14yrs posted by tom

Medicare Part B premiums for self-employed persons

My wife (who turned 65 last year) is a self-employed person who had a net profit in 2011. She also had a part-time job...
18 comments posted 14yrs
posted by dvsarwate
18 comments posted 14yrs posted by dvsarwate