Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Preschool expenses for 4-year old that's not a dependent.
How do I add the W10 form to my taxes as a deduction. This is for my son, although he's not a dependent. Thanks, --tj
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Trust termination with capital loss and charitable remaindermen
A trust was terminated in 2010 when the primary beneficiary died and assets were distributed to the remaindermen including several charities. There is no DNI but a large capital loss with selling the...
 
CCH Tax News Headlines - February 25, 2011
CCH Tax News Headlines - February 25, 2011 Federal Headlines: 2/25/2011 - _Shulman Announces Latest Wave of Relief for Struggling Taxpayers (IR-2011-20)_ ( 2/25/2011 - _Denial of Taxpayer's Request...
 
CCH Tax News Headlines - February 24, 2011
CCH Tax News Headlines - February 24, 2011 Federal Headlines: 2/24/2011 - _Guidance on Tax Consequence of Distressed Homeowner Payments Provided (Notice 2011-14)_ ( 2/24/2011 - _IRS Announces Delayed...
 
Basis when inheriting spouse is a resident alien
Husband is a U.S. citizen and wife is a resident alien (green card). They live in NY state. Husband dies. Does wife get a step up in basis of inherited stocks for income tax purposes? Thanks....
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Reporting 1098-T Educational Expenses?
This is the first year my daughter is in school. She received a 1098T from her university listing the amount billed as her scholarship amount. Does this need to be reported anywhere? Is the...
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Proper Reporting of Early IRA for Educ Use
Greetings: I made an early withdrawal from my SEP-IRA to cover my daughter's educational expenses. We unexpectedly received an additional scholarship for her so I made a "rollover" to re-deposit some...
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renting vacant church rooms for profit
As with everyone else, churches are being pummelled around in this economy--higher costs and lower donations. I?m on the committee to work on ideas to reduce the mortgage debt at our church. One of...
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1098-T form for person who recently received a greencard
Hi, So my husband was a 'non-resident alien' status while he was a grad student during the 2010 tax year. He married me ( I am a US citizen) in june of 2010. And, he graduated his master's program in...
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Adjunct Professor of Art-Deduction for gas mileage to his job ?
Hi, So, my husband is an adjunct professor of art at a community college that is 50 miles away (one way). We are just wondering if his commute to and from work (gas mileage) is in any way deductible....
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Assigning a life insurance policy to charity
If a person assigns a $50,000 life insurance policy to a charity, is the value of the policy a charitable deduction in the year of assignment? What about the annual premiums?
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post-maturity savings bonds
Hi all, I had a client come in to my office and plop down 116 series EE savings bonds worth over $70,000 (it took the poor bank teller 4 hours to enter them into the computer system). The issuance...
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Proposed EITC penalty?
I was looking at the President's 2012 budget submission, and one thing that caught my eye was a proposed revenue enhancer for penalties from paid tax preparers for failure to do due dilligence for...
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CCH Tax News Headlines - February 23, 2011
CCH Tax News Headlines - February 23, 2011 Federal Headlines: 2/23/2011 - _IRS Provides Stock Issuers with Transition Relief from Broker Basis Reporting Rules (Notice 2011-18)_ ( 2/23/2011 - _Guidance...
 
CCH Tax News Headlines - February 22, 2011
CCH Tax News Headlines - February 22, 2011 Federal Headlines: 2/22/2011 - _New 1099 Reporting Requirements for Landlords_ ( State Headlines: 2/22/2011 - _All States --Multiple Taxes: D.C. Circuit...