Taxes General Forum

Foreclosures

I have a question. If a person loses his personal residence plus a rental home in foreclosure, what needs to be done ta...

5 comments posted 16yrs

posted by vj445

5 comments posted 16yrs posted by vj445

Deduction of Nutritional Supplements/Aspirin on Physician's Recommendation?

IRS publication 502 states that you cannot include in medical expenses the cost of nutritional supplements unless they...

46 comments posted 16yrs

posted by njoracle

46 comments posted 16yrs posted by njoracle

Which section of 4797 to use?

My daughter and SIL bought a house in 1999 for $XX,XXX.00. They lived in it for one year before buying another house an...

2 comments posted 16yrs

posted by hrhofmann

2 comments posted 16yrs posted by hrhofmann

CCH Tax News Headlines - November 24, 2009

CCH Tax News Headlines - November 24, 2009 Federal Headlines: 11/24/2009 - _Lawmakers Try Out Themes for Upcoming Healt...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Two member LLC.....one member buys out the other.

I have a client who has been a member in a two member LLC for a couple of years now. He just recently (10/31/2009) boug...

8 comments posted 16yrs

posted by mmurrell

8 comments posted 16yrs posted by mmurrell

Inherited IRA and Estate Tax

In 2000 my wife inherited a traditional pretax IRA, along with other assets. The IRA was modest ($12,000 in value) and...

2 comments posted 16yrs

posted by adwagner

2 comments posted 16yrs posted by adwagner

Estate FMV Dates

My M-I-L died in July. We are just learning of her stock portfolio. I know we need the FMV at the sate of death. Under w...

7 comments posted 16yrs

posted by rdadams

7 comments posted 16yrs posted by rdadams

CCH Tax News Headlines - November 23, 2009

CCH Tax News Headlines - November 23, 2009 Federal Headlines: 11/23/2009 - _Senate Approves Motion to Take Up Health Re...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

remodel of rental property

I am in the process of purchasing a tri-plex. I have a contractor who will remodel, and put in new appliances at a set...

1 comments posted 16yrs

posted by Marion1E

1 comments posted 16yrs posted by Marion1E

Professional Tax Preparation Software

If not off topic for this forum, I would appreciate comments from other tax professionals about their tax prep software...

10 comments posted 16yrs

posted by cshanes

10 comments posted 16yrs posted by cshanes

rollover 401k to Roth IRA and withdraw from Roth IRA

I'm considering rolling over some of my traditional 401k to a Roth IRA and then immediately taking out the money from t...

6 comments posted 16yrs

posted by rachelms79

6 comments posted 16yrs posted by rachelms79

Variable Annuity Loss

There seem to be two theories on claiming losses on the surrender of variable annuities. The conservative one says to t...

2 comments posted 16yrs

posted by tyler919

2 comments posted 16yrs posted by tyler919

Tax implications on settlement

Debtor defaults on a $2000.00 credit card. Because of fees and interest, the debt nearly doubles. The credit card compa...

6 comments posted 16yrs

posted by esenter

6 comments posted 16yrs posted by esenter

Energy Efficient Tax Credits

There is an energy efficient tax credit of 30% for the last few years. Besides the $1500 per year cap, are there any ot...

6 comments posted 16yrs

posted by rdadams

6 comments posted 16yrs posted by rdadams

refusal to change incorrect W2

I am receiving W2 from a disability insurance company for money they did not pay me and they refuse to change it. The s...

27 comments posted 16yrs

posted by m37davis

27 comments posted 16yrs posted by m37davis