Taxes General Forum

Annual Gift transfer

Gift tax exclusion We had for the first time used the annual gift transfer to our son. We gave him a check and he has d...

1 comments posted 6yrs

posted by jessica.beltz

1 comments posted 6yrs posted by jessica.beltz

International Tax Deadlines (Coronavirus)

https://assets.kpmg/content/dam/kpmg/us/pdf/2020/03/covid-19-tax-developments-summary.pdf KPMG updates regularly. I am a...

0 comments posted 6yrs

posted by tempuser

0 comments posted 6yrs posted by tempuser

What if the Jan rent check arrives in Jan but the 1099 takes it into account?

I have some small office property rentals that are organized under different LLCs. I use the cash method of accounting....

7 comments posted 6yrs

posted by jessica.beltz

7 comments posted 6yrs posted by jessica.beltz

Installment payments

I had a client call me and ask if her installment payment (for prior year taxes owed) would be postponed to July 15th. I...

1 comments posted 6yrs

posted by greg

1 comments posted 6yrs posted by greg

Property tax deduction recapture

I sold my house this month, and I qualify for 100% home sale tax exclusion. At closing, I got pro-rated credit for port...

4 comments posted 6yrs

posted by the_stan_brown

4 comments posted 6yrs posted by the_stan_brown

short against the box ..turning LT gains to ST gains ooops

long spy, shorted against the box, spy collapses from Corona ... Now: spy long( long term) is at a LT loss, short again...

0 comments posted 6yrs

posted by Ready Fire Aim

0 comments posted 6yrs posted by Ready Fire Aim

China virus extended tax deadline and stature of limitations

If taxpayer files by April 15 rather than the extended deadline, when does the statute of limitations start to run?

1 comments posted 6yrs

posted by nospamplease

1 comments posted 6yrs posted by nospamplease

COVID-19 Relief Checks

How will the delivery of the COVID-19 relief checks work? I've seen a number of articles suggesting that the government...

3 comments posted 6yrs

posted by rick

3 comments posted 6yrs posted by rick

Federal income tax computation on Qualified dividend income

I use Turbotax to do my return; and I am somewhat confused about their calculation. I'll use some illustrative numbers....

5 comments posted 6yrs

posted by m8r.jn1sdp

5 comments posted 6yrs posted by m8r.jn1sdp

mailed payment too soon

I owed money this year on my return, $2000, and couldn't file electronically. So I did my return the old-fashioned way...

2 comments posted 6yrs

posted by florents

2 comments posted 6yrs posted by florents

How about state tax deadlines ?

We see that we now have until July to file and pay our federal taxes. Any word on whether states will do the same? I'm...

4 comments posted 6yrs

posted by johnl

4 comments posted 6yrs posted by johnl

Did NYS extend the payment deadline to July 15 like the IRS?

Did NYS extend the payment deadline to July 15 like the IRS?

0 comments posted 6yrs

posted by davidmetzger0

0 comments posted 6yrs posted by davidmetzger0

Earned Income Credit for Unemployed?

Can someone who meets all of the EIC requirements and has no children, file and receive the credit if they earned $0 in...

2 comments posted 6yrs

posted by nospam

2 comments posted 6yrs posted by nospam

Should I delay filing taxes because of coronavirus?

Given that this is a very quickly developing situation, there is still a month left before the deadline, and politician...

0 comments posted 6yrs

posted by passerby

0 comments posted 6yrs posted by passerby

RMD off by 1 penny-- should I bother

It is a pain in the butt to change my 403B RMD withdrawal choice (put on hold forever, spousal waiver required, etc.) W...

5 comments posted 6yrs

posted by moo

5 comments posted 6yrs posted by moo