Taxes General Forum

OID for zero-coupon tax-exempt bonds

Must one include yearly OID for zero-coupon tax-exempt bonds on form 1040 line 8b? There's no 1099-OID form for it, but...

5 comments posted 17yrs

posted by self

5 comments posted 17yrs posted by self

Does Requirment to Provide Section 751 Statment Preclude Electronic Filing?

If one sells Partnership units from a Master Limited Partner (Oil pipeline), the tax package provided by the partnershi...

0 comments posted 17yrs

posted by njoracle

0 comments posted 17yrs posted by njoracle

401K based on company stock

Client has 540 shares of company stock in her 401K worth about $25,000. Company takes easy way out, the big B (Bankrupt...

3 comments posted 17yrs

posted by uubeegee

3 comments posted 17yrs posted by uubeegee

conundrum re. systematic error in 1099-R reporting

I am in a bit of a conundrum. I have noticed that one of my 1099-R reporters (a very large and well-known insurance/ann...

4 comments posted 17yrs

posted by jge

4 comments posted 17yrs posted by jge

Carryforward Losses

IRS Federal Return 2009 I have carryforward capital loses from a stock sale in 2008 (who doesn't!). I don't want to use...

4 comments posted 17yrs

posted by skywaffle1_at_yahoo_dot_com

4 comments posted 17yrs posted by skywaffle1_at_yahoo_dot_com

How to pro-rate home equity interest deduction

Here is the situation: Home equity line is for $350,000. During the course of the tax year, the amount borrowed on the...

3 comments posted 17yrs

posted by actr123

3 comments posted 17yrs posted by actr123

CCH Tax News Headlines - February 23 2009

CCH Tax News Headlines - February 23 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws22309.htm...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

Re: Stapling checks to returns.

>"Salmon Egg" ............... > One time, using either mail without proof of mailing, or a low level > proof, I sent pa...

11 comments posted 17yrs

posted by taxmanhog

11 comments posted 17yrs posted by taxmanhog

Covered Equity Call Option Reporting?

I made many covered call stock/option transactions in 2008. E.g. buying Stock ABC and selling/writing call option on st...

1 comments posted 17yrs

posted by aloy.parker

1 comments posted 17yrs posted by aloy.parker

Can I write off home office furniture from a previous year ?

I purchased about 5k of Home Office Furniture that I use in the Office that I work out of, but the purchase was made in...

4 comments posted 17yrs

posted by ghorne2000

4 comments posted 17yrs posted by ghorne2000

W2 box 1 vs box 3

Taxpayer worked as a domestic employee for the summer. W-2 form arrived and Box 1 is $376.19 more than Box 3 (& Box 5)....

1 comments posted 17yrs

posted by ybotkaspm

1 comments posted 17yrs posted by ybotkaspm

What is a taxable gift?

I know that the Federal (and state) governments impose a tax on gifts exceeding a certain amount, but exactly what cons...

11 comments posted 17yrs

posted by bgold

11 comments posted 17yrs posted by bgold

recapture of depreciation

A musician filed a return for 2007 incuding a Schedule C which listed depreciation for an instrument, and a net profit....

7 comments posted 17yrs

posted by ybotkaspm

7 comments posted 17yrs posted by ybotkaspm

NJ Military Income

If a NJ resident is stationed in Texas -- where does he pay state income tax?

6 comments posted 17yrs

posted by kupchik

6 comments posted 17yrs posted by kupchik

Missing mileage ledger

My wife owns a small business. She has lost her mileage ledger for last year. Can she average previous years records an...

5 comments posted 17yrs

posted by robert.hatcher

5 comments posted 17yrs posted by robert.hatcher