Taxes General Forum

Tax on Investment to an LLC?

I own a sole member LLC. Life was simple when the only capital contribution to the LLC was from me. Now an investor wan...

5 comments posted 17yrs

posted by jgarbenzell

5 comments posted 17yrs posted by jgarbenzell

What does "disposition" mean?

In the sentence: 'The term "installment sale" means a disposition of property where at least 1 payment is to be receive...

2 comments posted 17yrs

posted by kevin

2 comments posted 17yrs posted by kevin

1139 missing paperwork

Tax year ended July 2008 and I requested an extension. I knew the corp had suffered a loss, and had a tax credit, so I...

1 comments posted 17yrs

posted by grip

1 comments posted 17yrs posted by grip

CCH - Tax News Headlines - May 19, 2009

CCH - Tax News Headlines - May 19, 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws51909.htm#1...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

Foreign Tax Credit

I am a high-earning US citizen in Australia; I am paying about AU $100,000 in taxes this year. I assume I can take this...

6 comments posted 17yrs

posted by garagecapital

6 comments posted 17yrs posted by garagecapital

Commission used to lower purchase price.

A man I know proposed the following: * His wife has an inactive Real Estate Broker's license. * They are selling their...

7 comments posted 17yrs

posted by rdadams

7 comments posted 17yrs posted by rdadams

Recharacterize Roth conversion to stay under AGI threshold?

In 2009 my son will be entering college, and I plan to take the Tuition and Fees deduction on my 2009 tax return. I exp...

7 comments posted 17yrs

posted by adwagner

7 comments posted 17yrs posted by adwagner

Maximum Retirement Contributions

I have a full time job that I contribute my 401K max contribution of $15,500 k per year + I max out a Roth IRA. I am al...

6 comments posted 17yrs

posted by ghorne2000

6 comments posted 17yrs posted by ghorne2000

Foreign Health Tax and Social Security Tax

Although I am a long-term foreign resident, this is the first year that the following question might affect the tax. A...

2 comments posted 17yrs

posted by VSLARRY

2 comments posted 17yrs posted by VSLARRY

Forgot to include one 1099-DIV in my tax filing - what to do?

In my last tax filing I forgot to include one 1099-DIV that I do report every year. Not a huge amount - less than a $1,...

17 comments posted 17yrs

posted by d1709842

17 comments posted 17yrs posted by d1709842

short-term loan from relative

Suppose a relative lends me $20,000, and I pay it back interest-free in a few weeks. Would this violate the $12,000 gif...

6 comments posted 17yrs

posted by nonsense

6 comments posted 17yrs posted by nonsense

Sale of joint property to one partner

Hi, One of the joint owners(A and B) owned the property for last 10 years. Property has a net gain of 500K as being use...

0 comments posted 17yrs

posted by lallavj

0 comments posted 17yrs posted by lallavj

Need expert on 990 & 990T

Need to complete 990 & 990T for 501c3 Youth organization. They got involved in Bingo operation (that failed miserably!)...

5 comments posted 17yrs

posted by nowen52

5 comments posted 17yrs posted by nowen52

Revoking the foreign earned income exclusion

------------------------------------- Hello. I'm eligible for the foreign earned income exclusion for my 2008 taxes (ba...

3 comments posted 17yrs

posted by leewa10_at_hotmail_dot_com

3 comments posted 17yrs posted by leewa10_at_hotmail_dot_com

how to file this tax return?

I had worked as a sub contractor for the company -- XYZ, Llc. for 2 months in 2008. The contract was between my company...

7 comments posted 17yrs

posted by alphaga321

7 comments posted 17yrs posted by alphaga321