Taxes General Forum

  1. Home
  2. Taxes General Forum
10141 Threads Posts
to

Economic Impact Payment reconciliation update

I've seen a number of questions on this, and just wanted to offer my current experience. I have a unique experience. Re...
0 comments posted 5yrs
posted by JoeTaxpayer
0 comments posted 5yrs posted by JoeTaxpayer

First time getting a K1-1041

Never have dealt with a K1 before. Just now received one due to final sale of property in my mother's estate. After hol...
3 comments posted 5yrs
posted by Retired"
3 comments posted 5yrs posted by Retired"

How to Receive a Refund

The instructions for the Form 1040 say that for direct deposit, the account must be in the filer's name. What if the ac...
1 comments posted 5yrs
posted by larry.israel100
1 comments posted 5yrs posted by larry.israel100

First Class Travel

Is first class air travel considered an "ordinary and reasonable" business expense, assuming the core purpose of the tr...
1 comments posted 5yrs
posted by dontspamme
1 comments posted 5yrs posted by dontspamme

Rejected extension request

I requested an extension to file a business tax return for 2019, the due date of which was extended till July 15 2020 d...
14 comments posted 5yrs
posted by ahk
14 comments posted 5yrs posted by ahk

Basis for stock received from Crummey Trust?

A few years back I received money and stocks from a Crummy Trust. Is the basis for the stock the trust's basis, or the...
1 comments posted 5yrs
posted by wadelippman
1 comments posted 5yrs posted by wadelippman

No K-2

The managing partner is refusing to give another partner a K-1 for last year. I found Form 8082, though reading through...
1 comments posted 5yrs
posted by spamtrap
1 comments posted 5yrs posted by spamtrap

Economic Impact Payments

I got only the first payment, by direct deposit, last year, and no form 1444s. I am overseas, and I am not eligible for...
2 comments posted 5yrs
posted by larry.israel100
2 comments posted 5yrs posted by larry.israel100

Gift tax and tuition for child filing separately

Is there an an advantage to have a child file income tax separately claiming gift money and tuition as income? Thanks.
11 comments posted 5yrs
posted by debbie.lafourche
11 comments posted 5yrs posted by debbie.lafourche

[OT]: Are IRAs Judgement Proof?

Hi, I want to purchase an umbrella policy to protect our assests against personality liability claims. I want to protec...
5 comments posted 5yrs
posted by nospam
5 comments posted 5yrs posted by nospam

IRA / Solo401k?

I think I'm starting to confuse myself with this topic. Client is retired from local school system and receives a month...
3 comments posted 5yrs
posted by michaelhbratt
3 comments posted 5yrs posted by michaelhbratt

Charitable contributions

If a taxpayer makes a donation in excess of $50.00 to a 501(c)(3) organization, it's my understanding that the organiza...
10 comments posted 5yrs
posted by mstemper
10 comments posted 5yrs posted by mstemper

Tax implications of solar

I live in California, and the solar panels on the roof generate considerably more electricity than I use. Consequently,...
23 comments posted 5yrs
posted by the_stan_brown
23 comments posted 5yrs posted by the_stan_brown

Biz Asset Sale: property tax

Sold a sked C business asset (real estate) and received a 1099-S for the gross. In this area property tax is paid in ar...
1 comments posted 5yrs
posted by 75270_3703a
1 comments posted 5yrs posted by 75270_3703a