Taxes General Forum

Form 5695 carryback/carryforward when MFS between MFJ years

It's looking like it's going to be advantageous for me to MFS (married filing separately) for 2020; however I filed MFJ...

0 comments posted 5yrs

posted by johngeyles

0 comments posted 5yrs posted by johngeyles

applying refund to next year's return when filing late returns

I recently turned in my 2018 return & am about to turn in my 2019 return. In the 2018 return I applied the refund to 20...

1 comments posted 5yrs

posted by mok99red

1 comments posted 5yrs posted by mok99red

Question on rentals

We relocated to another state. Our plan was to rent out our home in the former State. But because it needed repair/remo...

5 comments posted 5yrs

posted by ritagoldman101

5 comments posted 5yrs posted by ritagoldman101

Correcting the Quarter Mix-up: How to Resolve Incorrect EFTPS Payments

Our small S corporation pays a biweekly payroll on Thursdays to its employees and we file and pay a 941 payment via EFT...

4 comments posted 5yrs

posted by Jwisnia18

4 comments posted 5yrs posted by Jwisnia18

Minimizing taxes on EE Savings Bonds

Hi, I have several EE US Savings Bonds created in 1989 and 1991 in my name. They either are already, or will all fully...

10 comments posted 5yrs

posted by anthonymmfalcone

10 comments posted 5yrs posted by anthonymmfalcone

Questions on Taxes Related to Working from Home

I have question as related to taxes. I don't know if it's relavent to the questions but I live in Florida and due to CO...

2 comments posted 5yrs

posted by pdntspad802

2 comments posted 5yrs posted by pdntspad802

When does the IRS Require Quarterly Estimated Taxes

Under what circumstances does the IRS require a taxpayer to file quarterly estimated taxes? I worked a normal job for s...

10 comments posted 5yrs

posted by JB

10 comments posted 5yrs posted by JB

Paying Estimated Taxes

OP is US citizen, married to woman who was a US resident. They used to file joint returns. Wife has given up her US res...

4 comments posted 5yrs

posted by spamtrap

4 comments posted 5yrs posted by spamtrap

Is all the gains in the following situation Long Term?

I bought a stock in 2016 for $100. I sold a covered call option in March 2020 (for Sept 2020) @ strike price $120 for a...

0 comments posted 5yrs

posted by m8r.jn1sdp

0 comments posted 5yrs posted by m8r.jn1sdp

Paper Savings Bonds

You can receive paper savings bonds for your IRS refund. I like to give them to my 6 grandkids since that is the only w...

8 comments posted 5yrs

posted by bh2os62

8 comments posted 5yrs posted by bh2os62

Hawaii Death Tax and stepped up basis

If one holds real property in Hawaii in a multi member LLC to avoid the Hawaii nonresident death tax, does the real prop...

0 comments posted 5yrs

posted by nospamplease

0 comments posted 5yrs posted by nospamplease

Hawaii Property Tax on LLC

Does anyone know how Hawaii imposes property tax on an LLC that is a disregarded entity for income tax purposes? Thanks.

8 comments posted 5yrs

posted by spamtrap

8 comments posted 5yrs posted by spamtrap

RMDs - what is the definition of "retirement"

As I understand it, RMDs are not required to be taken until one retires. For a taxpayer who qualifies as a Real Estate...

11 comments posted 5yrs

posted by nospamplease

11 comments posted 5yrs posted by nospamplease

Payroll Tax Suspension

Does the proposed Payroll Tax Suspension include the employers portion also? tks all bw

6 comments posted 5yrs

posted by bh2os62

6 comments posted 5yrs posted by bh2os62

COVID-19 Unemployment Payments Taxable Qustion

This post has to do with what COVID-19 federal stimulus ($1,200) and federal unemployment ($600/week) payments are taxa...

0 comments posted 5yrs

posted by nospam

0 comments posted 5yrs posted by nospam