Taxes General Forum

Income tax refund after dissolution of corporation

A friend has an interesting problem. He's received a refund of corporate income taxes for 2021. Unfortunately, he's dis...

3 comments posted 1yr

posted by ahk

3 comments posted 1yr posted by ahk

Negative value for line 4(a) on W-4?

My wife and I didn't withhold enough from our salaries for most of the year, and we use the withholding method rather t...

1 comments posted 1yr

posted by jik

1 comments posted 1yr posted by jik

Corporate AMT, tax-exempt organizations, and Form 4626

Here's a weird one. As we recall, the Inflation Reduction Act of 2022 created a 15% AMT on adjusted financial statement...

2 comments posted 1yr

posted by ahk

2 comments posted 1yr posted by ahk

Australian church tax law ruling against Church of the Flying Spaghetti Monster

In alt.obituaries, we had word that an advocate for intelligent design, Jonathan Wells, had died, so I did a bit of rea...

2 comments posted 1yr

posted by ahk

2 comments posted 1yr posted by ahk

End of QuickBooks Desktop sales (2026 Update)

We all knew this was coming. QuickBooks Desktop will no longer be sold to new subscribers after September 30, 2024....

2 comments posted 1yr

posted by ahk

2 comments posted 1yr posted by ahk

Tax Treatment of Child living with unmarried parents

An unmarried couple live together with their child. Each is a professional person with a six-figure income. They own th...

1 comments posted 1yr

posted by rick

1 comments posted 1yr posted by rick

De minimis financial incentives

I'm subscribed to several IRS mailing lists in which guidance and other issues are announced. I skim through it in case...

1 comments posted 1yr

posted by ahk

1 comments posted 1yr posted by ahk

Form 2210 data on IRS Return Transcript

Should a IRS Return Transcript show the Form 2210 data? --- Fred J. Tydeman Tydeman Consulting snipped-for-privacy@tybo...

1 comments posted 1yr

posted by tydeman.consulting

1 comments posted 1yr posted by tydeman.consulting

HSA with partial year child

I have insurance that qualifies me for an HSA. This year, with my old person $1000 extra, my limit would be $9300. "Fam...

1 comments posted 1yr

posted by JoeTaxpayer

1 comments posted 1yr posted by JoeTaxpayer

EIC credit

Got a letter from the IRS yesterday wanting my Sch 3 to somehow corroborate a $25 EIC credit I H&R Block calculated for...

9 comments posted 1yr

posted by nowhere

9 comments posted 1yr posted by nowhere

Final Required Minimum Distribution Treasury regulation 7/19/2024

Treasury's final regulation on Required Minimum Distribution (RMD) will be published in the Federal Register 7/19/2024....

0 comments posted 2yrs

posted by ahk

0 comments posted 2yrs posted by ahk

California Community Property

For community property states, spouses with an LLC can either be taxed as a partnership or each spouse can file his/her...

7 comments posted 2yrs

posted by spamtrap

7 comments posted 2yrs posted by spamtrap

Employee Retention Tax Credit

Today's New York Times reports that the IRS has announced around 90% of claims for this credit, which was created in 20...

3 comments posted 2yrs

posted by the_stan_brown

3 comments posted 2yrs posted by the_stan_brown

Charitable gift annuity

A friend asked me to look up some information for him. A charitable gift annuity is a one-time gift as a qualified char...

2 comments posted 2yrs

posted by ahk

2 comments posted 2yrs posted by ahk

1031 for Partial Rental

OP has a property they live in but rent out part. They want to do a 1031 exchange. I presume they can, on the portion o...

2 comments posted 2yrs

posted by spamtrap

2 comments posted 2yrs posted by spamtrap