Taxes General Forum

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1 comments posted 17yrs
posted by brownwp
1 comments posted 17yrs posted by brownwp

Is extra legal fee reimbursement taxable?

In 2007 I settled a lawsuit and was reimbursed $60,000 in legal fees related to wages. My accountant listed it all as o...
11 comments posted 17yrs
posted by kevin
11 comments posted 17yrs posted by kevin

Dental expenses and loans

A relative had some very significant dental surgery performed in 2007. The doctor's office arranged a loan with a third...
5 comments posted 17yrs
posted by russgoog
5 comments posted 17yrs posted by russgoog

Rev. Proc. 2008-35 Disclosure and Use Consents

It's been a long time since I've written to the group (pre-Google!). As I'm getting in the thick of tax return preparat...
2 comments posted 17yrs
posted by tom
2 comments posted 17yrs posted by tom

E-File & Form 709 Gift Tax

I am using TurboTax to do my father's tax this year and I was planning on E-Filing. However I have to submit Form 709 (...
1 comments posted 17yrs
posted by bhataNOT
1 comments posted 17yrs posted by bhataNOT

Tax period

I changed jobs last year. I recently (late) received my w-2's from my previous employer. I found that there was an extr...
1 comments posted 17yrs
posted by bcw
1 comments posted 17yrs posted by bcw

deducting tax return preparation...

I know income tax preparation is deductable, but my question is about when it is deductable; when it is billed, or when...
1 comments posted 17yrs
posted by Joe
1 comments posted 17yrs posted by Joe

New home owners tax credit

OK so there is a good rumor going around about the 8k housing credit for new home owners. My wife and I are young and s...
1 comments posted 17yrs
posted by josephvanthony
1 comments posted 17yrs posted by josephvanthony

Payer's ID In TaxAct

Hi, TaxAct, in the "Dividend Income" section, asks for Payer's ID for each stock. I don't have IDs for individual stock...
9 comments posted 17yrs
posted by garyjbrown
9 comments posted 17yrs posted by garyjbrown

CCH Tax News Headlines - March 20, 2009

CCH Tax News Headlines - March 20, 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws32009.htm#1...
0 comments posted 17yrs
posted by TaxService
0 comments posted 17yrs posted by TaxService

Are wire transfer cost deductible?

I sold some mutual funds and had the company wire the proceeds to my checking account. Is the fee charged by my bank ded...
9 comments posted 17yrs
posted by bhataNOT
9 comments posted 17yrs posted by bhataNOT

Is an Annuity a "Qualified Plan"

MY MIL who recently died had purchased a Value Plus Fixed Annuity many years ago investing --$15,000. As executor, I li...
4 comments posted 17yrs
posted by eugen
4 comments posted 17yrs posted by eugen

Form 1041 - Estate and K-1

I'm filling out the Form 1041 which is the first and last Estate Income Tax return for someone who died in 2007. All mo...
2 comments posted 17yrs
posted by eugen
2 comments posted 17yrs posted by eugen

Mark to Market election

Situation: T/P makes an election by 4/15/09 for MTM. He has net $50k in losses, but can only use $3k this year. Can he u...
4 comments posted 17yrs
posted by kingfish02375
4 comments posted 17yrs posted by kingfish02375

Newbie Trust Question - No 1041 required?

I have a client who walked in with income from two sources - one source associated with her own social and another sour...
3 comments posted 17yrs
posted by norm.pinnacle
3 comments posted 17yrs posted by norm.pinnacle