Taxes General Forum

RMD for 2020 reversal

IRA RMD reversal. How do I show the complete/or partial, return of my RMD for 2020. I took my 2020 RMD in January and w...

4 comments posted 5yrs

posted by bh2os62

4 comments posted 5yrs posted by bh2os62

Bonus Payback

Client worked throughout 2019 in a salaried managerial position. In addition to her salary, she received a $2,000 bonus...

1 comments posted 6yrs

posted by michaelhbratt

1 comments posted 6yrs posted by michaelhbratt

Quick claim deed OR joint tenant with right of survivorship OR ???

Have young relative whose elderly surviving parent is imminently near death. Parent owns a condo. Don't know if parent'...

3 comments posted 6yrs

posted by algarcia2

3 comments posted 6yrs posted by algarcia2

Revised Form 1116

I filled out a form 1116 listing my foreign taxes as accrued. Now they are paid, but a bit higher than I had written. S...

0 comments posted 6yrs

posted by larry.israel100

0 comments posted 6yrs posted by larry.israel100

IRS return handling

Mailed to the proper address in mid April an amended return (1040-X, which apparently can't be electronically filed), a...

5 comments posted 6yrs

posted by algarcia2

5 comments posted 6yrs posted by algarcia2

New: Partial DC and MD Income Tax

Because of the length of the last conversation on this subject and thinking I have a solution consistent with some of y...

3 comments posted 6yrs

posted by charles.budman

3 comments posted 6yrs posted by charles.budman

State Tax Withholding Verification

I filed my state (MA) and federal tax last week. Yesterday, I received a request for "verification". I needed to send c...

7 comments posted 6yrs

posted by JoeTaxpayer

7 comments posted 6yrs posted by JoeTaxpayer

Partial DC Local Income Tax

My daughter continued to live with my wife and I in Maryland after graduating college in May 2019, started working for...

14 comments posted 6yrs

posted by charles.budman

14 comments posted 6yrs posted by charles.budman

Can we make current year tax return payment via credit card before the tax return is electronically filed?

I want to use my credit card to make a IRS tax payment due to promotional offer on my card but I don't want to submit m...

1 comments posted 6yrs

posted by kerryjacksons

1 comments posted 6yrs posted by kerryjacksons

form 5498-- retain?

do i need to keep form 5498 with zero contribution information Mel

2 comments posted 6yrs

posted by moo

2 comments posted 6yrs posted by moo

How to make Est tax payment

So I have to make my April and June estimates for Fed and 2 states. Is it OK just to send one check each as the April pa...

3 comments posted 6yrs

posted by 75270_3703a

3 comments posted 6yrs posted by 75270_3703a

Rollback rules loosened

There had been some discussion here about people who took their RMD early in the year, wanted to roll it back when the...

1 comments posted 6yrs

posted by the_stan_brown

1 comments posted 6yrs posted by the_stan_brown

IRS CCA On When Statute of Limitations Starts To Run

On Feb. 6, 2020 the IRS Office of Chief Council published a CCA that provides the IRS interpretation of Code sections 6...

0 comments posted 6yrs

posted by tempuser

0 comments posted 6yrs posted by tempuser

IRS e-file rejected due to dependent conflict

Hi I submitted my 2019 e-file yesterday and it was rejected because of FD-32-IND-517-01 "A Dependent Listed on your tax...

0 comments posted 6yrs

posted by spras2rao2

0 comments posted 6yrs posted by spras2rao2

Dead people got a lot of stimulus

News reports say $1.4 billion of stimulus payments went to dead people. They would like it back, but still no word on w...

2 comments posted 6yrs

posted by johnl

2 comments posted 6yrs posted by johnl