Taxes General Forum

2012 Paper Bonds for a minor.

I would like to purchase paper I bonds for my 16 year old for her college fund. Her only income for 2011 would be if I...

1 comments posted 14yrs

posted by jms2l

1 comments posted 14yrs posted by jms2l

California lodging provided on employer's premises

Under the IRC, the value of lodging provided by an employer is not taxable income to the recipient if it is a condition...

0 comments posted 14yrs

posted by PicoRico

0 comments posted 14yrs posted by PicoRico

Reimbursement After Medical Deduction

I paid a doctor for services ($500) in September before it could be determined if my Medicare Advantage would pay for t...

2 comments posted 14yrs

posted by njoracle

2 comments posted 14yrs posted by njoracle

Question on Wash Sale

If you sell a stock to take a tax loss you cannot buy it back for 30 days. This includes purchasing within an IRA accou...

29 comments posted 14yrs

posted by persistentone

29 comments posted 14yrs posted by persistentone

Tax payment question

Last year I found a large accounting error I made several years ago in computing the basis of a mutual fund I sold in 2...

5 comments posted 14yrs

posted by nospam

5 comments posted 14yrs posted by nospam

economic substance 7701(o)

What are examples of transactions lacking economic substance? Searching on the internet did not give me actual examples...

7 comments posted 14yrs

posted by removeps-groups

7 comments posted 14yrs posted by removeps-groups

Who gets the tax deduction?

My Christmas gift from Tim was a card: "This Christmas, a $300 donation has been made in your name to the Children's Al...

10 comments posted 14yrs

posted by nadcixelsyd

10 comments posted 14yrs posted by nadcixelsyd

Claiming the Sec 179 deduction after termination of lease and purchasing the vehicle

A client leases a truck over 6000 pounds for 3 years (FMV $40000) and claimed actual expenses for the entire lease peri...

3 comments posted 14yrs

posted by waltxj2

3 comments posted 14yrs posted by waltxj2

Installment Agreement, Calculating Disposable Income

My client owes about $75K for 2010 tax, and we're looking into installment agreement with IRS, and completing Form 433...

2 comments posted 14yrs

posted by bm30003700

2 comments posted 14yrs posted by bm30003700

IRS Acquiescence in Gambling Case

The IRS filed an acquiescence (AOD 2011-06) to Mayo vs Comm'r, 136 T.C. 81 (2011). The IRS agrees that a professional g...

1 comments posted 14yrs

posted by sfcnm-mtm

1 comments posted 14yrs posted by sfcnm-mtm

Gift Limit for 2012

Can someone tell me the limit for family gifts in 2012? I know it was $13,000 per individual in 2011 but I am not certai...

6 comments posted 14yrs

posted by bakerjohnh

6 comments posted 14yrs posted by bakerjohnh

Are unemployment payments earned income for Federal tax purposes?

Are unemployment payments earned income for Federal tax purposes? Maybe more helpful is the reason I ask. A friend is r...

2 comments posted 14yrs

posted by nestor

2 comments posted 14yrs posted by nestor

IRS Issues Temporary, Proposed Rules Relating to Repairs of Tangible Property

The IRS released T.D. 9564 and proposed rules (REG-168745-03) regarding the deduction and capitalization of expenditure...

0 comments posted 14yrs

posted by sfcnm-mtm

0 comments posted 14yrs posted by sfcnm-mtm

Bonus depreciation and residential rental real estate

For Tax Year 2011, for taxpayers NOT in NYC or the Gulf Coast, what are the current bonus depreciation rules (if any) t...

0 comments posted 14yrs

posted by rlc-news

0 comments posted 14yrs posted by rlc-news

Electronic copies of tax returns

The last discussion in this group that I could find was in 2000. The newer issue regards providing copies of tax return...

1 comments posted 14yrs

posted by garyg7

1 comments posted 14yrs posted by garyg7