Taxes General Forum

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Amending a return

Can I amend a return without getting the signature of the preparer? An accountant prepared my return last year and made...
6 comments posted 17yrs
posted by me
6 comments posted 17yrs posted by me

Pre-paid Commercial loan cost, that goes bad.

Hi, In 2008 we paid $7500.00 in prepaid loan cost (Third party expenses, such as appraisal, etc..) to a loan broker, to...
2 comments posted 17yrs
posted by moe-torabi
2 comments posted 17yrs posted by moe-torabi

Rental expenses or mortgage interest deductions

Hi, I'm thinking to buy a rental property using cash. The cash is from the equity line of credit of my primary residenc...
2 comments posted 17yrs
posted by deutliu
2 comments posted 17yrs posted by deutliu

Multiple head of households in the same home

Even though I've been doing taxes full time for over 20 years I still have doubts some times on the simplest things. It...
16 comments posted 17yrs
posted by alflara
16 comments posted 17yrs posted by alflara

Do you have to file a scheulde C if.....?

Do you have to file a schedule C if you have gross receipts of over $1,000, but your net earning for this activity are a...
6 comments posted 17yrs
posted by kupchik
6 comments posted 17yrs posted by kupchik

Form T on last year's return

On my grandfather's return last year he filed form t(timber). He had 1 sale of timber, $13,000 of timber on his own pro...
1 comments posted 17yrs
posted by s_eubank
1 comments posted 17yrs posted by s_eubank

Let your college student take the new Hope credit?

The changes to the Hope Credit in the stimulus bill seem to offer an opportunity for the higher income taxpayer to capt...
2 comments posted 17yrs
posted by adwagner
2 comments posted 17yrs posted by adwagner

AMT conundrum

In theory, anyhow, the AMT is designed to reduce a taxpayer's benefit from a variety of deductions, credits, and anothe...
1 comments posted 17yrs
posted by xyz
1 comments posted 17yrs posted by xyz

Can my children claim medical expense?

I have way more deductions than I need to pay no income tax this year, and too little income to hit AMT. Both my childr...
4 comments posted 17yrs
posted by Tom
4 comments posted 17yrs posted by Tom

Texas sales tax on discounted charges

When I go to a restaurant and they give me a 10% senior citizen discount as an example, should the sales tax be applied...
2 comments posted 17yrs
posted by n9ejs
2 comments posted 17yrs posted by n9ejs

Correcting Previous Year Tax Return

In tax year 2007, I sold mutual funds I had held for a long time and paid tax on the dividends and capital gains. I did...
0 comments posted 17yrs
posted by biddy67
0 comments posted 17yrs posted by biddy67

worthless stock

Hi I have two questions: 1) I held a stock with total value of $2.00. I sold the "worthless" stock in order to take the...
11 comments posted 17yrs
posted by odiegoogle
11 comments posted 17yrs posted by odiegoogle