Taxes General Forum

TurboTax - Sched E wksheet - lines 6a, 20a

We are using our personal TurboTax 1040, and noticed something concerning the Schedule E worksheet. My wife's family ow...

2 comments posted 16yrs

posted by pschuman_no_spam_me

2 comments posted 16yrs posted by pschuman_no_spam_me

CCH Tax News Headlines - March 31, 2010

CCH Tax News Headlines - March 31, 2010 Federal Headlines: 3/31/2010 - _President Signs Health Care Reconciliation Bill...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Married Couple NY & NJ - filing options

A married couple live in different states. The husband lives and works in NJ, while the wife lives and works in NY. The...

3 comments posted 16yrs

posted by kupchik

3 comments posted 16yrs posted by kupchik

Reporting Accrued Interest Paid

Form 1099-INT shows bond interest on line 1. Why does this form have no place to record the accrued interest that is pa...

1 comments posted 16yrs

posted by persistentone

1 comments posted 16yrs posted by persistentone

CCH Tax News Headlines - March 30, 2010

CCH Tax News Headlines - March 30, 2010 Federal Headlines: 3/30/2010 - _IRS to Issue Opinion and Advisory Letters for P...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Rolling Over Simple IRA to Roth IRA in 2010

IRS Publication 560 2009 on page 2 says that a Simple IRA can be rolled over to become a Roth IRA in 2010. IRS Publicat...

7 comments posted 16yrs

posted by persistentone

7 comments posted 16yrs posted by persistentone

Self-directed IRA....Exemptions to prohibited transactions rule?

i.e. transactions with a "disqualified person" Has anyone ever dealt with this? So that, for example John Smith's IRA c...

2 comments posted 16yrs

posted by nospam

2 comments posted 16yrs posted by nospam

First time homebuyer with fiance'...Then get married

Hello all, and thank you for any help. My niece (who qualifies as a first time homebuyer) and her fiance' (who does NOT...

4 comments posted 16yrs

posted by mmurrell

4 comments posted 16yrs posted by mmurrell

Now The IRS Says I Do NOT Owe $10,125.00

For those of you who have looked at my two previous posts on this, here is an update. Today I went to the local/nearby...

2 comments posted 16yrs

posted by hrhofmann

2 comments posted 16yrs posted by hrhofmann

foreclosure of rental property

Hello, I tried to get pub 4681 for tax year 2009 but could find only for 2008 so I have a question. If a person foreclo...

4 comments posted 16yrs

posted by vj445

4 comments posted 16yrs posted by vj445

4th quarter income and estimated tax penalties

Suppose my taxable income is bumped substantially by an event in the 4th quarter (e.g., I take a capital gain, I conver...

3 comments posted 16yrs

posted by stanleykr

3 comments posted 16yrs posted by stanleykr

EFTPS does not gracefully handle multiple funding accounts

Here are some major shortcomings of the EFTPS system. 1. EFTPS does not show your funding accounts on the web. You have...

8 comments posted 16yrs

posted by reikred

8 comments posted 16yrs posted by reikred

Using Year End Lump Sum Distribution to cover Estimated Taxes

Hello, and thank you in advance for any help you can provide. I have a couple of clients who are now very elderly and a...

7 comments posted 16yrs

posted by mmurrell

7 comments posted 16yrs posted by mmurrell

Is SEP-IRA deductible if 401k maxed out?

I have a 401k maxed out with my day job. I have a side-business earning around $40k/year. I contributed $7k to a SEP-IR...

1 comments posted 16yrs

posted by homersimpson085

1 comments posted 16yrs posted by homersimpson085

CCH Tax News Headlines - March 29 2010

CCH Tax News Headlines - March 29 2010 Federal Headlines: 3/29/2010 - _Spread Option Transactions Contributed to Partne...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService