Taxes General Forum

CCH TAX NEWS HEADLINES - SEPTEMBER 26, 2011

CCH TAX NEWS HEADLINES - SEPTEMBER 26, 2011 _Outlook Uncertain for Passage of President?s Tax Proposals, CPAs Say_...

0 comments posted 14yrs

posted by TaxService

0 comments posted 14yrs posted by TaxService

social security payments increased?

Suppose you are collecting social security benefits and keep working, and suddenly get a big raise. Thus you pay more i...

3 comments posted 14yrs

posted by removeps-groups

3 comments posted 14yrs posted by removeps-groups

CCH Tax News Headlines - September 23, 2011

CCH Tax News Headlines - September 23, 2011 _Amending Existing Regs Would Place Insurance Companies That Administer Cer...

0 comments posted 14yrs

posted by TaxService

0 comments posted 14yrs posted by TaxService

New conversion to Roth after recharacterization

Three situations: (A) T converts the entire amount of traditional IRA to Roth in 2010; recharacterizes a portion in Oct...

3 comments posted 14yrs

posted by tom

3 comments posted 14yrs posted by tom

Former nanny now babysits; must still pay payroll taxes?

We let our nanny go early in summer 2011. I paid all the taxes---UI, federal payroll taxes. Now she babysits for us on...

3 comments posted 14yrs

posted by woger151

3 comments posted 14yrs posted by woger151

Putting Children On Payroll In Rental Business

I have heard that a tax saving idea is to put children on payroll in a rental business and pay them up to an amount whe...

16 comments posted 14yrs

posted by vj445

16 comments posted 14yrs posted by vj445

First time preparing taxes this season and need advice

I want to prepare taxes this upcoming season. I am going to be doing this for the first time and really have no experie...

9 comments posted 14yrs

posted by ogabay954

9 comments posted 14yrs posted by ogabay954

used 2009 form on 2010 1040X - need to re-amend?

I was completing a 1040X for tax years 2009 and 2010. Somehow I used a 2009 Schedule C (with 2010 figures) for the 2010...

2 comments posted 14yrs

posted by dommanno

2 comments posted 14yrs posted by dommanno

Preparing for Taxes on Roth Conversion

I did a Roth conversion last year when the income limit was removed. I elected to spread the conversion over 2011 and 2...

4 comments posted 14yrs

posted by woessner

4 comments posted 14yrs posted by woessner

Library donations

Hello, Are donations (by check, less than $250) to municipal public libraries generally deductible as "charitable" donat...

2 comments posted 14yrs

posted by vpdura

2 comments posted 14yrs posted by vpdura

CCH Tax News Headlines - September 19, 2011

CCH Tax News Headlines - September 19, 2011 Federal Headlines: 9/19/2011 - _Certain Requirements for Low-Income Housing...

0 comments posted 14yrs

posted by TaxService

0 comments posted 14yrs posted by TaxService

rental loss to related person

Scenario: Grandfather sells his cooperative apartment to grandson who leases it back to grandfather for the amount of m...

6 comments posted 14yrs

posted by garyg7

6 comments posted 14yrs posted by garyg7

How to Report Income from Lease Option to Buy

My son has recently entered into a lease/option to buy his condo for 12 months. Half the rental income is to be credite...

13 comments posted 14yrs

posted by ramridge

13 comments posted 14yrs posted by ramridge

Barter or not barter?

Suppose you send out a tweet to all your friends: "Need help loading moving truck. Free pizza and beer for all voluntee...

11 comments posted 14yrs

posted by jik

11 comments posted 14yrs posted by jik

Are CA DMV fees / taxes deductible any more?

I used to see an item on Schedule A of the IRS tax return before (2008) ..where I used to list the DMV fees paid. This...

5 comments posted 14yrs

posted by tasleemkhanna

5 comments posted 14yrs posted by tasleemkhanna