Taxes General Forum

Accrual Balance Sheet Mixed With Cash Basis Income Statement

I have an interesting situation with a S-Corporate return prepared by an accountant. The company keeps its books in Qui...

4 comments posted 16yrs

posted by persistentone

4 comments posted 16yrs posted by persistentone

Taxes in Nevada

Based on the fact Nevada has no income tax, I thought of it as a low tax environment. Apparently they make up for the l...

5 comments posted 16yrs

posted by persistentone

5 comments posted 16yrs posted by persistentone

California adjustments for community income

Hi, My husband and I are filing separately for federal and state taxes. I am a full year resident of CA and he is only...

10 comments posted 16yrs

posted by jennybeyler_at_aol_dot_com

10 comments posted 16yrs posted by jennybeyler_at_aol_dot_com

CCH Tax News Headlines - September 25, 2009

CCH Tax News Headlines - September 25, 2009 Federal Headlines: - _http://tax.cchgroup.com/news/headlines/2009/nws92509....

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Open-ended overseas trip--how to handle U.S. taxes?

Hi, I'm thinking of traveling overseas for a long-term trip next year, and could well be gone for over a year. My tenta...

2 comments posted 16yrs

posted by jsbarto1

2 comments posted 16yrs posted by jsbarto1

what are Qualified adoption expenses

>From the law (1) Qualified adoption expenses The term ?qualified adoption expenses? means reasonable and necessary ado...

3 comments posted 16yrs

posted by removeps-groups

3 comments posted 16yrs posted by removeps-groups

First time home Buyer Credit ?

Person has owned a mobile home on a rented lot for the past 4 years. Does the person qualify for the FTHB credit if purc...

2 comments posted 16yrs

posted by DJMARTELL

2 comments posted 16yrs posted by DJMARTELL

CCH Tax News Headlines - September 23, 2009

CCH Tax News Headlines - September 23, 2009 Federal Headlines: - _http://tax.cchgroup.com/news/headlines/2009/nws92309....

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

State reporting re: member-managed LLC

Let's say a California LLC buys a rental property in CA. The property is managed by a management company. The LLC is ow...

15 comments posted 16yrs

posted by mirss7c1001

15 comments posted 16yrs posted by mirss7c1001

Ponzi scheme NOL - is 2-year carry back permitted?

I know that a "normal" theft loss has a 3-year carry back provision IRC §172(b)(1)(F). And a business net operating los...

2 comments posted 16yrs

posted by tom

2 comments posted 16yrs posted by tom

how can retirees deduct moving expenses

Is there any way for retirees to deduct their moving expenses? They move from one state in the US to another. Publicati...

3 comments posted 16yrs

posted by removeps-groups

3 comments posted 16yrs posted by removeps-groups

how to reduce estimated tax penalty using long form on amended return

The original tax return has tax due of about $30,000. The estimated tax penalty is left blank but the IRS calculates it...

13 comments posted 16yrs

posted by removeps-groups

13 comments posted 16yrs posted by removeps-groups

Life Insurance Premium Deduction for C-Corporation

Are the premiums paid by a C-Corporation for life insurance on the life of the "owner" who is also an employee deductib...

2 comments posted 16yrs

posted by taxingmatters

2 comments posted 16yrs posted by taxingmatters

CCH Tax News Headlines - September 21, 2009

CCH Tax News Headlines - September 21, 2009 Federal Headlines: - _http://tax.cchgroup.com/news/headlines/2009/nws92109....

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

CCH Tax News Headlines - September 18, 2009

CCH Tax News Headlines - September 18, 2009 Federal Headlines: - _http://tax.cchgroup.com/news/headlines/2009/nws91809....

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService