Taxes General Forum

Stimulus payments -- subject to state tax?

Of course we all know that the stimulus payments are not subject to Federal income tax because they are tax credits. Bu...

4 comments posted 6yrs

posted by the_stan_brown

4 comments posted 6yrs posted by the_stan_brown

Transcript of Final Return

Does anyone know if a transcript of a corporate return will show if it's a final return? Thanks.

1 comments posted 6yrs

posted by spamtrap

1 comments posted 6yrs posted by spamtrap

california and new mexico state tax residency issue

For a California resident that worked in a restaurant in new mexico most of 2019 when filing taxes, would that be consi...

8 comments posted 6yrs

posted by kerryjacksons

8 comments posted 6yrs posted by kerryjacksons

IRC Sections 1014 and 1015 (Basis Step-up and Basis of property acquired by gifts and transfers in trust)

1015(b) If the property was acquired by a transfer in trust (other than by a transfer in trust by a gift, bequest, or d...

0 comments posted 6yrs

posted by m8r.jn1sdp

0 comments posted 6yrs posted by m8r.jn1sdp

IRC 2032 Alternate valuation

2032(c) Election must decrease gross estate value AND the combined estate tax and chapter 13 tax [GST]. Does that mean...

5 comments posted 6yrs

posted by m8r.jn1sdp

5 comments posted 6yrs posted by m8r.jn1sdp

EIDL Bait and Switch?

On April 15, 2020, I applied for an EIDL, for $9.8K. Today, I got an email from the SBA asking me to create an account...

0 comments posted 6yrs

posted by MikeJ

0 comments posted 6yrs posted by MikeJ

Roth Growth Untaxed...why?

I guess this is a philosophical question, because tax policy doesn't have to be rational. I understand that Roth IRA wi...

7 comments posted 6yrs

posted by goober

7 comments posted 6yrs posted by goober

Late IRA Contributiuon

I've been asked whether someone can make a timely IRA contribution after he has already filed his tax return. I've look...

2 comments posted 6yrs

posted by spamtrap

2 comments posted 6yrs posted by spamtrap

IRS IP (Identity Protection) PIN

I have recently tried several times to get an IP (Identity Protection) PIN from the IRS website. I get through all the...

13 comments posted 6yrs

posted by pamax1000

13 comments posted 6yrs posted by pamax1000

1099 question

When I?m doing the 1099?s and I call the vendor and he refuses to give his address or Social Security number, what do I...

2 comments posted 6yrs

posted by gloriahiltz

2 comments posted 6yrs posted by gloriahiltz

Estimated tax due date for second quarter

I'm pretty sure I saw something here a month or so ago, to the effect that the estimated Federal tax payment due on Jun...

1 comments posted 6yrs

posted by the_stan_brown

1 comments posted 6yrs posted by the_stan_brown

What if the rollover deadline occurs on a weekend?

In general, ignoring 2020 exceptions for COVID-19 (IRS Notice 2020-23 et al), if we take a distribution from an IRA (an...

7 comments posted 6yrs

posted by joeu2004.5

7 comments posted 6yrs posted by joeu2004.5

Inherited Stocks

I inherited 50 stocks oh TESLA My question is when I sell the stock how is capital gains calculated on: - On original pr...

3 comments posted 6yrs

posted by shashibansal1

3 comments posted 6yrs posted by shashibansal1

Is the IRS processing returns or are they too busy with COVID payments

I submitted fiduciary returns on April 16th. It took the state two weeks to cash my check. The IRS hasn't cashed it aft...

15 comments posted 6yrs

posted by nadcixelsyd

15 comments posted 6yrs posted by nadcixelsyd

PPP question

I am a part owner of a small biz. I worked in 2019 at this biz but NEVER took a salary. I have been working in 2020 as...

1 comments posted 6yrs

posted by jessica.beltz

1 comments posted 6yrs posted by jessica.beltz