Taxes General Forum

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Client came back

Last month I wrote that one of my long-time clients had decided for financial reasons he had to do his tax returns hims...
1 comments posted 16yrs
posted by tom
1 comments posted 16yrs posted by tom

Can I go ahead and file my 1040 with a missing k1

I am self employed sole proprietor and do my own 1040 and related forms thru Turbo Tax and they are all done and all re...
1 comments posted 16yrs
posted by 20vtguy
1 comments posted 16yrs posted by 20vtguy

1099-c

We had a rental property that was foreclosed July 2009 and have received 1099-c. The debt cancelled was 179,000 and FMV...
3 comments posted 16yrs
posted by rvent4344
3 comments posted 16yrs posted by rvent4344

401k to Roth IRA

I take standard deductions and have income around $120k including divdend and w2. I am retired with no w2 income, all w...
2 comments posted 16yrs
posted by shashibansal1
2 comments posted 16yrs posted by shashibansal1

Sale of Estate home and treatment of distributions

The party in question received a 1099-S listing their 1/2 share of the sale of their deceased father's home in an estat...
5 comments posted 16yrs
posted by Pyde_piper
5 comments posted 16yrs posted by Pyde_piper

Does he deduct mileage, or is that commuting?

A part-time sole proprietor repairman works out of his house. The car is used mainly for personal use. 1. He gets a cal...
15 comments posted 16yrs
posted by replyvia
15 comments posted 16yrs posted by replyvia

401K

Can one borrow from a 401K and then make a catchup contribution in same year with borrowed funds? tks all
2 comments posted 16yrs
posted by bh2os62
2 comments posted 16yrs posted by bh2os62

Casualty Loss Form 4684

My area has been declared a Federal disaster area due to flooding. I want to amend my 2009 taxes and file a form 4684....
0 comments posted 16yrs
posted by 704set
0 comments posted 16yrs posted by 704set

Schedule C NOL

Is there any way around electing to carry forward or back an NOL generated from a 2008 schedule C loss where there was...
2 comments posted 16yrs
posted by pamela.sloat
2 comments posted 16yrs posted by pamela.sloat

MAGI for $8K FTB house purchase tax credit?

Is tax-exempt municipal bond interest added back into to AGI to get MAGI? Is there an IRS publication that describes how...
7 comments posted 16yrs
posted by aloy.parker
7 comments posted 16yrs posted by aloy.parker

CCH Tax News Headlines - April 6, 2010

CCH Tax News Headlines - April 6, 2010 Federal Headlines: 4/6/2010 - _IRS Commissioner Reminds Taxpayers of Available S...
0 comments posted 16yrs
posted by TaxService
0 comments posted 16yrs posted by TaxService

Retaining Social Security Benefits for Non Resident

A Peruvian citizen works in the US in the 1950s and 1960s, and then returns home due to sickness and retires there. The...
6 comments posted 16yrs
posted by persistentone
6 comments posted 16yrs posted by persistentone