Taxes General Forum

CCH Tax News Headlines - January 21, 2010

CCH Tax News Headlines - January 21, 2010 Federal Headlines: 1/21/2010 - _House Passes Tax Incentive for Haitian Relief...

0 comments posted 16yrs

posted by taxservice

0 comments posted 16yrs posted by taxservice

Second Home in Mexico and US income tax.

I own a second home in Mexico. Can anything be taken off on my US income tax ? How about traveling to the home to insur...

3 comments posted 16yrs

posted by salto

3 comments posted 16yrs posted by salto

homebuyer credit - single to married buyer/seller

Taxpayer A is single and sells his house in Feb. of 2010. He can exclude all the gain. Taxpayer B buys the house from h...

5 comments posted 16yrs

posted by smfwdf

5 comments posted 16yrs posted by smfwdf

How much does hobby need to earn to be considered a business?

Say I build a tennis website in my spare time . It gets popular and I start putting sponsor advertising on it. If I ear...

22 comments posted 16yrs

posted by mynonsense

22 comments posted 16yrs posted by mynonsense

CCH Tax News Headlines - January 20, 2010

CCH Tax News Headlines - January 20, 2010 Federal Headlines: 1/20/2010 - _Health Care Reform Bill Still on Track, House...

0 comments posted 16yrs

posted by taxservice

0 comments posted 16yrs posted by taxservice

Did I lose my $500,000 home sale capital gains deduction, and if so ...

I bought a home for $580,000 in March 2003 and lived in it until January 2007. Since then, I have lived abroad and used...

9 comments posted 16yrs

posted by garagecapital

9 comments posted 16yrs posted by garagecapital

Q re: S Corp paying out all AE&P

Q re: S Corp paying out all AE&P We converted from C to S and now wish to pay out all AE&P. Problem is that we don't ha...

0 comments posted 16yrs

posted by asasa

0 comments posted 16yrs posted by asasa

CCH Tax News Headlines - JANUARY 19, 2010

CCH Tax News Headlines - JANUARY 19, 2010 Federal Headlines: 1/19/2010 - _Question of Partnership's Validity Was Partne...

0 comments posted 16yrs

posted by taxservice

0 comments posted 16yrs posted by taxservice

Payer file 1099 with Calif.?

For my C corp, I filed a 1099-INT (I am the recipient) with filetaxes.com. Very quick and easy. In the Order Confirmati...

1 comments posted 16yrs

posted by NoSpam

1 comments posted 16yrs posted by NoSpam

Gross Receipt Taxes not paid

Hi everyone, I was approached by a young man who worked in 05 and 06 as a contractor, at least he was classified as one...

1 comments posted 16yrs

posted by Marion1E

1 comments posted 16yrs posted by Marion1E

Interest and property taxes on real estate

If someone purchases several homes for investment purposes, and if these homes are never rented out, how do you report...

3 comments posted 16yrs

posted by rashidwajed

3 comments posted 16yrs posted by rashidwajed

401K Contribution on Total Compensation Including Schedule K-1 Income

Several 401K plans I have seen allow owners of a business that generates a Schedule K-1 to contribute to 401K based on...

1 comments posted 16yrs

posted by persistentone

1 comments posted 16yrs posted by persistentone

CCH Tax News Headlines - January 18, 2010

CCH Tax News Headlines - January 18, 2010 Federal Headlines: 1/18/2010 - _IRS Prepares for Rush of Early Filers Seeking...

1 comments posted 16yrs

posted by taxservice

1 comments posted 16yrs posted by taxservice

Free File Fillable Forms Aren't-At Least For Me

I'm trying to get them to work on a Mac running OS X 10.4.11 on both Firefox 3.0.15 and the latest version of Safari, w...

3 comments posted 16yrs

posted by jlparker001

3 comments posted 16yrs posted by jlparker001

deducting compensatory damages settlement

Hi all: Kind of a weird situation. Last year I had to sue a company for essentially stealing money from me (they charge...

3 comments posted 16yrs

posted by actr123

3 comments posted 16yrs posted by actr123