Taxes General Forum

CCH Tax Headline News - October 20, 2008

CCH Tax Headline News - October 20, 2008 FEDERAL NEWS - http://tax.cchgroup.com/news/headlines/2008/nws102008.htm#1Fina...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

Loss On Roth IRA

Taxpayer, age 63, has only one Roth IRA account created a couple of years ago via an IRA conversion that has lost value...

15 comments posted 17yrs

posted by sfcnm-mtm

15 comments posted 17yrs posted by sfcnm-mtm

STAR REBATE sent to deceased. What to do?

Hoping someone can help me wit this, as the NYS dept of finance is not taking calls till Nov 17th. My sister passed awa...

10 comments posted 17yrs

posted by igt123

10 comments posted 17yrs posted by igt123

Multi Level Partnerships (MLPs) in an IRA / Schedule K-1 Income in an IRA

A very common organization for oil and gas partnerships these days is the multi-level partnership (MLP). As I understan...

7 comments posted 17yrs

posted by westes-usc

7 comments posted 17yrs posted by westes-usc

A Sinking Feeling

Why do I have this sinking feeling that when I volunteer my time with AARP Taxaide this season I am going to encounter...

1 comments posted 17yrs

posted by sfcnm-mtm

1 comments posted 17yrs posted by sfcnm-mtm

How to report option spread on Sched D when both legs exercised?

I put a bear put spread on SPY (not a typo -- the ETF, not the index) at the end of September using October puts. The s...

5 comments posted 17yrs

posted by rlc-news

5 comments posted 17yrs posted by rlc-news

Candidates' Tax Proposals

Sorry, I read the group offline and had nothing to say in response to the OP on this issue. Then I got around to readin...

1 comments posted 17yrs

posted by prm20871

1 comments posted 17yrs posted by prm20871

Qualifying Child question

My son was born in 1985 and will still be 23 as of 12/31/08. He was a full-time student through August 2008. Does he qu...

10 comments posted 17yrs

posted by Rick

10 comments posted 17yrs posted by Rick

Two candidates Tax Plans - better numbers?

Note: Do not reply with any political comment or attack against either candidate. Those replies will not be approved. I...

6 comments posted 17yrs

posted by joetaxpayer

6 comments posted 17yrs posted by joetaxpayer

exemption trust

I have a couple of questions about funding an exemption trust: 1. What date is used for determining the value of securi...

3 comments posted 17yrs

posted by grant_f

3 comments posted 17yrs posted by grant_f

non deductable IRA contributions

a taxpayer has a high income, let's say $400k AGI. Can he make non-deductible contributions to a traditional IRA? If so...

6 comments posted 17yrs

posted by rowdy'sboss

6 comments posted 17yrs posted by rowdy'sboss

How to document non-deductible Traditional IRA contributions beyond filing Form 8606?

When you have a non-deductible Traditional IRA contribution I am aware that Form 8606 needs to be filed with the return...

2 comments posted 17yrs

posted by eastcoastguyz

2 comments posted 17yrs posted by eastcoastguyz

Maximum Interest Allowed on a Business Loan

>From the IRS' perspective, what is the maximum interest rate allowed on a loan from a person to a C or S Corporation?...

6 comments posted 17yrs

posted by nisha

6 comments posted 17yrs posted by nisha

CCH Tax News Headlines - October 17, 2008

CCH Tax News Headlines - October 17, 2008 FEDERAL NEWS - http://tax.cchgroup.com/news/headlines/2008/nws101708.htm#1 20...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

1041 & Sched K-1(1041)

I am trying to prepare these forms for my Mother's small estate and for the life of me I can't follow the instructions....

20 comments posted 17yrs

posted by nellplotts

20 comments posted 17yrs posted by nellplotts