Taxes General Forum

Investment Property

Hi, Two friends of mine own a rental house. They were running tight on expenses so they needed another partner. So, I g...

6 comments posted 15yrs

posted by jeffreypbarber

6 comments posted 15yrs posted by jeffreypbarber

Check deposit reporting

How large must a check be before the bank reports it to the IRS?

4 comments posted 15yrs

posted by shiflettcc

4 comments posted 15yrs posted by shiflettcc

Form 5471 - ownership attribution rules

I have questions on form 5471. My client is a U.S. citizen. He recently married a NRA, and they reside outside the Unit...

1 comments posted 15yrs

posted by jlee9050_at_gmail_dot_com

1 comments posted 15yrs posted by jlee9050_at_gmail_dot_com

Exclusion of Payments to Volunteer First Responders

PL 110-142 and IRC Sec. 139B provided for the exclusion from gross income of qualified payments of up to $30 per month...

1 comments posted 15yrs

posted by afn02552at

1 comments posted 15yrs posted by afn02552at

CCH Tax News Headlines - February 20, 2011

CCH Tax News Headlines - February 20, 2011 Federal Headlines: 2/10/2011 - _IRS Chief Counsel Recommends Nonacquiescence...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

G-4 Visa

This is a new situation for me: For the last few years, client was a single mother and filed as HoH. Client is US citiz...

1 comments posted 15yrs

posted by michael.bratt

1 comments posted 15yrs posted by michael.bratt

Passive Losses and moving back into a rental

I moved back into a house I had rented out. I understand that I can now take my losses that were not allowed due to hig...

2 comments posted 15yrs

posted by mpeterson890_at_gmail_dot_com

2 comments posted 15yrs posted by mpeterson890_at_gmail_dot_com

Real Estate Taxes - Multiple Owners

If three (3) people own a home (non-rental property) equally and the one person who lives there pays 1/2 the real estat...

2 comments posted 15yrs

posted by kupchik

2 comments posted 15yrs posted by kupchik

CCH Tax News Headlines - February 8, 2011

CCH Tax News Headlines - February 8, 2011 Federal Headlines: 2/8/2011 - _Fair Value of Life Insurance Policies Distribu...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

Sale 0f 50-50 Property

2 family house sold, had been used one floor for personal (landlord), one floor for tenant. For simplicity sake, tenant...

6 comments posted 15yrs

posted by kingfish02375

6 comments posted 15yrs posted by kingfish02375

Taxes on home sold in Richmond County, NY

I am selling my home of almost nine years located in Richmond County, NY (Staten Island). The home had been on the mark...

4 comments posted 15yrs

posted by rajp53

4 comments posted 15yrs posted by rajp53

File 941c form or just make adustment in W2

I have still not filed W2 and W3 forms for 2011 so far. I noticed that in one case I have wrongly withheld social secur...

4 comments posted 15yrs

posted by purirb123

4 comments posted 15yrs posted by purirb123

am I in for a penalty for underwithholding?

I need some advice: 2010--I owe roughly $800 in taxes. I withheld $8650 2009-- My tax was roughly $10,126 but due to a...

4 comments posted 15yrs

posted by mzb

4 comments posted 15yrs posted by mzb

Cancellation of debt as taxable income for short sale on prior residence turned into rental?

When is debt forgiveness from short-sale of a property included as taxable income? Specifics... before we got married,...

2 comments posted 15yrs

posted by matt.a.silber

2 comments posted 15yrs posted by matt.a.silber

Conversion of 2010 non-deductible IRA to Roth

I made a contribution to my 2010 non-deductible IRA earlier this year and shortly thereafter I converted the entire amo...

1 comments posted 15yrs

posted by ghanwani

1 comments posted 15yrs posted by ghanwani