Taxes General Forum

Does an employee expense report get deducted in the year paid, or incurred, for an S corp?

John is a 100% shareholder of Acme, an S-corp. He pays for legit reimburseable biz expenses in 2008, and files expense...

6 comments posted 16yrs

posted by nospam

6 comments posted 16yrs posted by nospam

Line 6b on Form 1040

On the instructions I have (page 16 in my edition) it says that Box 6b may be checked if one of two conditions applies....

3 comments posted 16yrs

posted by VSLARRY

3 comments posted 16yrs posted by VSLARRY

How to file tax when you live in California but receive unemployment from Michigan

I used to live and worked in Michigan in 2008 but had moved to california in 2009. I'm still receiving unemployment from...

2 comments posted 16yrs

posted by vanhphom

2 comments posted 16yrs posted by vanhphom

PA State income tax and sick pay vs sick leave

My question is the ordinary sick time that I get as an EXEMPT employee taxable income under PA STATE income tax? Here i...

2 comments posted 16yrs

posted by makolber

2 comments posted 16yrs posted by makolber

1099-c box 5

In box 5 of 1099-c, reads "Was Borrower Personally Liable for Repayment of the Debt". Does a "yes", or "no" answer, res...

1 comments posted 16yrs

posted by dstein2006

1 comments posted 16yrs posted by dstein2006

Collar option tax reporting question

Last year 4/28/09, I created a collar by buying 100 shares of LNC at 10.24, 1 out of the money put option on LNC and si...

1 comments posted 16yrs

posted by kemm10

1 comments posted 16yrs posted by kemm10

Work-relate expense deduction?

Are work related expenses only deductible if such expenses are mandatory for my employment? For example, if I am a dent...

12 comments posted 16yrs

posted by logan1453

12 comments posted 16yrs posted by logan1453

Question about deduction

Hi, this is a two-part question. First off, even if I take the standard deduction, are there some deductions I can stil...

2 comments posted 16yrs

posted by logan1453

2 comments posted 16yrs posted by logan1453

File online vs. mail it in?

I've used TurboTax for years and have always printed out my return and mailed it in-- mainly because I've been concerne...

3 comments posted 16yrs

posted by ezboy

3 comments posted 16yrs posted by ezboy

Confused by Form 8880, need help

We're using TaxAct to prepare my daughter's tax return, and I'm stumped by TaxAct's questions for Form 8880. A little b...

3 comments posted 16yrs

posted by me

3 comments posted 16yrs posted by me

When Is Charitable Contribution By Check Deductable?

Hi, We made a charitable contribution, by check, in mid-December, 09. The organization received it before the end of th...

8 comments posted 16yrs

posted by garyjbrown

8 comments posted 16yrs posted by garyjbrown

CCH Tax News Headlines - April 8 AND April 9, 2010

CCH Tax News Headlines - April 8 AND April 9, 2010 Federal Headlines: 4/8/2010 - _Final and Temporary Regulations Clari...

2 comments posted 16yrs

posted by TaxService

2 comments posted 16yrs posted by TaxService

Adoption Credit When Other Parent Claims Dependent

I have a same sex couple who've adopted a child. Is it possible for one parent to claim the child as dependent and the o...

5 comments posted 16yrs

posted by bm30003700

5 comments posted 16yrs posted by bm30003700

Claim pail 'Quellensteuer' on tax return?

I am a permanent resident of the US and sold a bunch of investments that I was holding in Germany without having a W-9...

10 comments posted 16yrs

posted by tobi.beetz

10 comments posted 16yrs posted by tobi.beetz

Gain on Brokered CD Purchased at Discount- Is Gain Taxable at Maturity?

In my brokerage account, I had two CD's that matured in 2009. Both were purchased at a discount below face value and ge...

14 comments posted 16yrs

posted by frank1492

14 comments posted 16yrs posted by frank1492