Taxes General Forum

Can I take remainder after debt settlement as a loss on taxes... ?

That is, say a debtor owes me $10,000. I agree to settle for $6,000. Can I take the $4,000 as any kind of deduction? Bu...

7 comments posted 17yrs

posted by brettharlow123

7 comments posted 17yrs posted by brettharlow123

CCH - Tax News Headlines October 27, 2008

CCH - Tax News Headlines October 27, 2008 FEDERAL NEWS - http://tax.cchgroup.com/news/headlines/2008/nws102708.htm#1 20...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

Wash sale interpretation

I and Advisor A have been discussing selling a stock in which i have quite a bit (but dwindling daily) profit over many...

6 comments posted 17yrs

posted by phillysleuth

6 comments posted 17yrs posted by phillysleuth

Can I lend myself the money for my mortgage.

I have a mortgage and also have enough cash to pay off about half of the mortgage. What I want to do is do something wh...

7 comments posted 17yrs

posted by steviek2000

7 comments posted 17yrs posted by steviek2000

CCH Tax News Headlines - October 24, 2008

CCH Tax News Headlines - October 24, 2008 FEDERAL NEWS - http://tax.cchgroup.com/news/headlines/2008/nws102408.htm#1 Re...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

IRS Tax Payment - Third Party Check

Does anyone have any experience with making a Federal tax payment via a third party check? This is where a check payabl...

2 comments posted 17yrs

posted by largy23

2 comments posted 17yrs posted by largy23

Roth conversion

I'm thinking of taking advantage of some low income years and the depressed value of my portfolio by doing some Roth co...

1 comments posted 17yrs

posted by whit_mattesonAT

1 comments posted 17yrs posted by whit_mattesonAT

Limitations on NOL Carryforwards Applied to Acquiring Corporations

I would like some help understanding any major limitations that are placed on an acquiring C Corporation taking over an...

6 comments posted 17yrs

posted by westes-usc

6 comments posted 17yrs posted by westes-usc

FDIC insurance question

Andy asks: Recently, the FDIC has increased the insurace limits for individual accounts to 250K, set to expire and retu...

16 comments posted 17yrs

posted by andysharpe

16 comments posted 17yrs posted by andysharpe

NYS Taxation Dept - shuts down phonelines?

To devote all resources to the STAR rebate? How does that happen? They're just not taking any calls 'till November 17th...

0 comments posted 17yrs

posted by igt123

0 comments posted 17yrs posted by igt123

Real Estate Tax / Rental Questions

Scenario. Military family received three year orders. They move but keep their home. In their new location they are ren...

1 comments posted 17yrs

posted by norm.pinnacle

1 comments posted 17yrs posted by norm.pinnacle

Tax Software With Built In Comparison Tool

I am looking for some tax preparation software that will let you compare three scenarios side by side. This would be fo...

10 comments posted 17yrs

posted by nisha

10 comments posted 17yrs posted by nisha

CCH Tax Headline News - October 21, 2008

CCH Tax Headline News - October 21, 2008 FEDERAL NEWS - http://tax.cchgroup.com/news/headlines/2008/nws102108.htm#1 Ber...

1 comments posted 17yrs

posted by TaxService

1 comments posted 17yrs posted by TaxService

IRA to Roth IRA tax consequences

As I understand it, rolling over a traditional IRA into a Roth IRA means that you have to pay tax on the value assigned...

17 comments posted 17yrs

posted by nobody

17 comments posted 17yrs posted by nobody

Calculation of 30 day wash sale

If I sell a stock on Sept 22, when can I buy it back to avoid the 30 day wash sale rule - October 22 or October 23?

1 comments posted 17yrs

posted by njoracle

1 comments posted 17yrs posted by njoracle