Taxes General Forum

Parents Dependent Capital Loss Claim

My parents does not have any income. My spouse and I have been claiming them as dependent for few years now in our join...

1 comments posted 16yrs

posted by saumin1_at_yahoo_dot_com

1 comments posted 16yrs posted by saumin1_at_yahoo_dot_com

California source income in S Corp and C Corp

Suppose there is an S corp in California, and the corp has a shareholder in TX. Does the TX shareholder have to file a...

1 comments posted 16yrs

posted by removeps-groups

1 comments posted 16yrs posted by removeps-groups

CCH Tax News Headlines - October 8, 2009

CCH Tax News Headlines - October 8, 2009 Federal Headlines: 10/8/2009 - _White House and Congressional Democrats to Con...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

CCH Tax News Headlines - October 7, 2009

CCH Tax News Headlines - October 7, 2009 Federal Headlines: 10/7/2009 - _Proposed Regulations Address Limitations on As...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Imputed interest on installment sales

Okay.... I posted this question before, but need some urgent help! I sold my business and some of the proceeds were put...

53 comments posted 16yrs

posted by kevin

53 comments posted 16yrs posted by kevin

CCH Tax News Headlines - October 6, 2009

CCH Tax News Headlines - October 6, 2009 Federal Headlines: 10/6/2009 - _White House Weighs Extending New Homebuyers Ta...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Re: Filing 2007 1040X after receiving tax refund and paying additional taxes

(snipped....) > > The IRS, I think, notifies the states when it modifies your return so > that the states can collect t...

0 comments posted 16yrs

posted by hlunsford

0 comments posted 16yrs posted by hlunsford

bad debt or theft?

Have a client who made a payment up front in 2008 to a contractor for an addition to a rental property. The contractor...

18 comments posted 16yrs

posted by brew.one

18 comments posted 16yrs posted by brew.one

401k to charity

If I withdraw from my 401k, I have to pay taxes and a penalty on top of that. If I make a charitable donation with all o...

3 comments posted 16yrs

posted by dearcilla

3 comments posted 16yrs posted by dearcilla

above the line deduction for use tax on car

Obama's stimulus plan provides an above the line deduction on the sales tax of purchasing a new car, on the first 49500...

2 comments posted 16yrs

posted by removeps-groups

2 comments posted 16yrs posted by removeps-groups

CCH Tax News Headlines - October 5, 2009

CCH Tax News Headlines - October 5, 2009 Federal Headlines: 10/5/2009 - _Finance Panel Tweaks a Pair of Revenue Provisi...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Health Savings Account (HSA) questions

I currently have an HDHP (High-deductible health plan) through my employer - single coverage with a $2,500 deductible p...

1 comments posted 16yrs

posted by countessa

1 comments posted 16yrs posted by countessa

S Corporation (Taxes)

I am a 50% passive owner and corporate officer of a S Corporation which has returned very little profit over 20 years....

7 comments posted 16yrs

posted by wrongaddress

7 comments posted 16yrs posted by wrongaddress

What forms do I use for sale of residential rental property?

I have lurked here in the past, but have not been lurking for the last 9 months or so. I am looking forward to the sale...

4 comments posted 16yrs

posted by hrhofmann

4 comments posted 16yrs posted by hrhofmann

Grandchildren's savings accounts

I opened a savings account for each of my grandchildren, one 5 & the other 2. I put the savings in both names (theirs &...

2 comments posted 16yrs

posted by sandyhb6

2 comments posted 16yrs posted by sandyhb6