Latest Taxes General Forum

Subject Author Posted Replies
 
CCH Tax News Headlines - November 15, 2010
11/15/2010 - _Safe Harbor Provided for Government Grants Received by Transportation Corporations (Rev. Proc. 2010-46)_ () State Headlines: 11/15/2010 - _New York --Motor Fuel Tax: Petroleum Business T...
9 years ago
 
1099 - Worth pursuing?
I've done some consulting work over the last few years. My expenses include basic travel cost and computer laptop. The IRS is requesting payment as follows: 2007: Company A reported to IRS, $1227 (50%...
9 years ago 7
 
CCH Tax News Headlines - November 12, 2010
CCH Tax News Headlines - November 12, 2010 Federal Headlines: 11/12/2010 - _Direct Ownership Options Contracts Addressed (AM-2010-005)_ () State Headlines: 11/12/2010 - _Maryland --Corporate Income Ta...
9 years ago
 
CCH Tax News Headlines - November 11, 2010
CCH Tax News Headlines - November 11, 2010 Federal Headlines: 11/11/2010 - _Fiscal Commission Co-Chairs Recommend Major Tax-Rate Cuts and Reduction in Tax Expenditures_ () 11/11/2010 - _2010 Adjustmen...
9 years ago 4
 
CCH Tax News Headlines - November 10, 2010
CCH Tax News Headlines - November 10, 2010 Federal Headlines: 11/10/2010 - _Lawmakers Pledge 2010 AMT Relief _ () 11/10/2010 - _IRS Provides Safe Harbor Accounting Methods for Motor Vehicle Dealership...
9 years ago
 
CCH Tax News Headlines - November 9, 2010
CCH Tax News Headlines - November 9, 2010 Federal Headlines: 11/9/2010 - _President Calls Middle-Class Tax Cuts a Top Priority, Open to Upper-Income Tax Cut Talks_ () 11/9/2010 - _Official IRS Draft F...
9 years ago
 
gross underpayment of North Carolina taxes
I'm a semi-retiree doing deduction bunching (where I do the standard deduction and itemized deductions on alternate years). The trick is to minimize deductions in the "standard" years and maximize the...
9 years ago 3
 
Tax Planning - owing tax in 2010 to claim deductible for 2011
Hi Folks, I hope to consult this idea with you guys for tax planning this year: owe tax in 2010 to claim deductible for 2011. Below is the basic info and assumption: 1. Our gross income increased abou...
9 years ago 2
 
CCH Tax News Headlines - November 8, 2010
CCH Tax News Headlines - November 8, 2010 - Federal Headlines: 11/8/2010 - _Guidance Provided on What Constitutes Unforeseeable Emergency Distributions Under Code Sec. 457(b), 409A Plans (Rev. Rul. 20...
9 years ago
 
Estimated tax safe haven
Last year, my taxable income was zero because investment losses exceed income. I assume my safe haven for 2010 is zero. Is this a "SAFE" assumption? Thanks No. The relevant number from your 2009 retur...
9 years ago 5
 
What to do about my deceased Aunt?
My Aunt died a few months ago at 94. I have filed her taxes for about the last 10 years. She has no income other than SS and a pension; she pays no taxes and gets $2,000 back withheld on her pension. ...
9 years ago 4
 
how to give up requirement to fill 1040
If one is a citizen and leaves the US, one has to renounce citizenship at an office outside the US and file form 8854 if necessary with the IRS to pay the expatriation tax. Are there other forms? If o...
9 years ago 1
 
Transferring 401K to IRA Before Employment Termination
Is there any provision for transferring a 401K balance into an IRA account *before* you terminate employment? Generally IRA accounts offer much more flexible investments than 401K plans. So for active...
9 years ago 2
 
CCH Tax News Headlines - November 5, 2010
CCH Tax News Headlines - November 5, 2010 Federal Headlines: 11/5/2010 - _Tax Court Reformulates Quid Pro Quo Test for Charitable Donation Deductions; Deduction Denied Where Value of Donee's Demolitio...
9 years ago
 
CCH Tax News Headlines - November 4, 2010
CCH Tax News Headlines - November 4, 2010 Federal Headlines: 11/4/2010 - _President Seeks Bipartisan Support of Middle-Class Tax Cuts in Lame-Duck Session_ () 11/4/2010 - _Deadline to Issue Tribal Eco...
9 years ago