Taxes General Forum

Runner

Runner made prior year $1000, I figured it was a prize, not subject to self-employment tax. This year, runner won 4 pri...

11 comments posted 15yrs

posted by kingfish02375

11 comments posted 15yrs posted by kingfish02375

CCH Tax News Headlines - March 25, 2011

CCH Tax News Headlines - March 25, 2011 Federal Headlines: 3/25/2011 - _Passive Losses Disallowed as Taxpayer Was Not R...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

CCH Tax News Headlines - March 24, 2011

CCH Tax News Headlines - March 24, 2011 Federal Headlines: 3/24/2011 - _Rules Relating to Qualifying Advanced Coal Proj...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

How to report taxes paid online?

There is a website that lets you pay your federal taxes online with credit card. Say I use it to pay $5k. How then do I...

5 comments posted 15yrs

posted by homersimpson085

5 comments posted 15yrs posted by homersimpson085

when did CA RDP community rules begin?

When did community treatment of RDP income and community-acquired assets/debts begin? 2000? 2005? 2007? I think this is...

6 comments posted 15yrs

posted by makbo

6 comments posted 15yrs posted by makbo

Double dipping on property tax expenses in Form 4797

I sold my rental property and notice property tax is included as one of the expenses of the settlement costs. I already...

6 comments posted 15yrs

posted by homersimpson085

6 comments posted 15yrs posted by homersimpson085

Any point to claiming depreciation on sold rental property?

I sold my rental property in August 2010. Is there any point to claiming depreciation for those eight months on schedul...

5 comments posted 15yrs

posted by mynonsense

5 comments posted 15yrs posted by mynonsense

Converting AMT foreign tax credit carryover to regular tax credit carryover

Let's say in 2009 you were subject to the US AMT and had a foreign tax credit as computed by Form 1116. In that year, y...

2 comments posted 15yrs

posted by todd

2 comments posted 15yrs posted by todd

Zero DNI and Withholding taxes on foreign dividends

Distribution was made to a trust's sole beneficiary. The trust's expenses far exceeds its investment income -- no DNI a...

5 comments posted 15yrs

posted by mirss7c1001

5 comments posted 15yrs posted by mirss7c1001

CCH Tax News Headlines - March 23, 2011

CCH Tax News Headlines - March 23, 2011 Federal Headlines: 3/23/2011 - _IRS Provides Update to Issuers of Qualified Mor...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

canada real estate 27.5 or 40 years

is real estate property used in Canada 27.5 or 40 year property? Publication 946 says Required use of ADS. You must use...

5 comments posted 15yrs

posted by removeps-groups

5 comments posted 15yrs posted by removeps-groups

Can individual health policy qualify for SE tax deductions?

My sister is a one-person sole proprietorship (no employees) in the legal field. Her husband is a separate one-person s...

13 comments posted 15yrs

posted by rlc-news

13 comments posted 15yrs posted by rlc-news

CCH Tax News Headlines - March 22, 2011

CCH Tax News Headlines - March 22, 2011 Federal Headlines: 3/22/2011 - _Short-term Capital Loss Deduction Properly Disa...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

Need Opinion On Charitable Contribution Deductions

Three individuals form a corporation under the Nonprofit Corporation Act of their state. The corporation has no members...

18 comments posted 15yrs

posted by sfcnm-mtm

18 comments posted 15yrs posted by sfcnm-mtm

ROTH IRA

Wage earner makes $5300, what is maximum amount spouse can contribute to a ROTH IRA? Total income is under $65,000 as mo...

2 comments posted 15yrs

posted by bh2os62

2 comments posted 15yrs posted by bh2os62