Taxes General Forum

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Do I need to file a tax return (for my aunt)?

My aunt is 92 and has been in a nursing home for 10 years; her only income is a GM pension and SS. She has not had any...
8 comments posted 16yrs
posted by Wade
8 comments posted 16yrs posted by Wade

Do I ignore a K1 from a EFT?!?!

I invested (very foolishly as it turns out) in an EFT called UNG who buys natural gas futures. I got a K1 from them tod...
9 comments posted 16yrs
posted by Wade
9 comments posted 16yrs posted by Wade

Foreign Real Estate

Just learned that taxpayer owned a house in Bolivia. She emigrated from that country many years ago and is a longstandi...
3 comments posted 16yrs
posted by michael.bratt
3 comments posted 16yrs posted by michael.bratt

Tax implications of land grant

We have a new gravel pit behind us. State law says they can't get within 300 feet of residential areas. In order to get...
14 comments posted 16yrs
posted by kurtullman
14 comments posted 16yrs posted by kurtullman

Reporting mutual fund dividends on 1099-DIV

I have a Fidelity account where I hold 5 funds that pay out dividends. The 1099-DIV form that Fidelity sent reports the...
14 comments posted 16yrs
posted by odiegoogle
14 comments posted 16yrs posted by odiegoogle

Credit Rating Tied to Home Equity Ownership

I have a friend getting divorced who thinks that his consumer credit score will deteriorate unless he maintains at leas...
2 comments posted 16yrs
posted by persistentone
2 comments posted 16yrs posted by persistentone

Main home for homebuyer credit?

I looked through the IRS web site and publications (5405) to try to get a clearer definition of main home or primary re...
3 comments posted 16yrs
posted by rwinokur
3 comments posted 16yrs posted by rwinokur

"non reportable" stock trade?

I had two stocks (once listed on the NYSE) that pretty much became worthless in 2009, so I called my broker and he sold...
3 comments posted 16yrs
posted by odiegoogle
3 comments posted 16yrs posted by odiegoogle

Claiming Property Tax Deduction

Apparently, you can own a 1% equity interest in a home you live in, and if you pay the entire home mortgage you get to...
0 comments posted 16yrs
posted by persistentone
0 comments posted 16yrs posted by persistentone

s-corp salary/bonus strategy

I've just formed a single-shareholder S-Corp.* My business income is very irregular - I may have no income for several...
5 comments posted 16yrs
posted by meeotch
5 comments posted 16yrs posted by meeotch

Philadelphia worker - NJ resident

What forms need to be filled out to calculate the tax for a NJ resident that works in Philadelphia? What is the Philadel...
3 comments posted 16yrs
posted by kupchik
3 comments posted 16yrs posted by kupchik

eFile and later amend for $8000 homebuyer credit?

My son is ready to file his taxes for 2009. He will get a refund of $9100, which includes $8000 for the new homebuyer c...
2 comments posted 16yrs
posted by dick.schofield
2 comments posted 16yrs posted by dick.schofield

payoff mortgage vs IRS deduction

I know this topic comes up every so often, and I've read thru the previous threads, but as I was filling out TurboTax I...
6 comments posted 16yrs
posted by pschuman_no_spam_me
6 comments posted 16yrs posted by pschuman_no_spam_me