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Question on IRS tax form 8824

When is IRS form 8824 due to be filed? For example if I sell a property in Jan 2017 and get an extension to file my fed...
1 comments posted 8yrs
posted by jessica.beltz
1 comments posted 8yrs posted by jessica.beltz

What "lifetime" gift exclusion amount applies?

Suppose I (single) give my daughter $3M in 2018, and that is the only gift that I give her in my liftime that is in exc...
7 comments posted 8yrs
posted by joeu2004.5
7 comments posted 8yrs posted by joeu2004.5

Inherited Stock

There must be a reason why what I'm about to say doesn't work, I'm wondering what it is. Say I transfer appreciated sto...
5 comments posted 8yrs
posted by dontspamme
5 comments posted 8yrs posted by dontspamme

2018 1041 changes: tax prep fees?

TCJA made changes for 2018 1040s. In particular, we can no longer deduct tax prep fees (if we itemize deductions). Does...
3 comments posted 8yrs
posted by joeu2004.5
3 comments posted 8yrs posted by joeu2004.5

Kiddie tax and the new tax law

I have a seven grandchildren who are all dependents on their parents' return, so they come under the Kiddie Tax rules....
1 comments posted 8yrs
posted by nadcixelsyd
1 comments posted 8yrs posted by nadcixelsyd

Paying For College

Assume the following: Taxpayer married, AGI around $100K, taxpayer and wife in their 60's (in case it matters). Child o...
4 comments posted 8yrs
posted by dontspamme
4 comments posted 8yrs posted by dontspamme

Actors' Business Expenses

I have been hearing from people in the entertainment industry (based on information from their accountants) that many b...
8 comments posted 8yrs
posted by spamtrap
8 comments posted 8yrs posted by spamtrap

Qualified Trade or Business

Hi all - Someone has asked me about the 20% deduction for qualified business income with respect to income from rental...
3 comments posted 8yrs
posted by spamtrap
3 comments posted 8yrs posted by spamtrap

S-Corp owns SMLLC

Have a situation where there is a long standing S-Corp owned 100% by an individual. New business opportunity has arisen...
3 comments posted 8yrs
posted by proger939
3 comments posted 8yrs posted by proger939

What makes the check taxable?

If my employer offers me a paycheck but I refuse to accept the check because the tax withholding on it is quite clearly...
1 comments posted 8yrs
posted by lotax
1 comments posted 8yrs posted by lotax

How to handle ATT purchase of Time Warner

I had some very appreciated TW stock, which converted to about 60% cash and 40% ATT stock. How do I figure my TW capital...
1 comments posted 8yrs
posted by wade
1 comments posted 8yrs posted by wade

penalty for late filing if no income

Is there a penalty for late filing if I have no taxable income? I searched the web and am confusing. On TurboTax's web...
6 comments posted 8yrs
posted by ouasami
6 comments posted 8yrs posted by ouasami