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Form 1041 Deductions

I've been asked if the cost to transfer property (real estate car title) are deductible administrative expenses on Form...
1 comments posted 2yrs
posted by spamtrap
1 comments posted 2yrs posted by spamtrap

2023 Form 5695

I just recently installed a roof-mounted Solar panel system on my home, and I am aware that by filing form 5695, I am e...
1 comments posted 2yrs
posted by charles.budman
1 comments posted 2yrs posted by charles.budman

Penalty for Not Filing Return if Owe Nothing

I believe this may have been asked here in the past, but I don't recall the answer. Assume a person's only primary inco...
13 comments posted 2yrs
posted by rick
13 comments posted 2yrs posted by rick

Head of household

Alan is divorced and the son he supports lives with him. He files as HOH. Beth is divorced and lives and supports her d...
9 comments posted 2yrs
posted by nadcixelsyd
9 comments posted 2yrs posted by nadcixelsyd

any way to avoid tax on cash value life insurance?

I plan to cancel my cash value universal life insurance policy which I have held for about 20 years. The cash value fun...
2 comments posted 2yrs
posted by rachelms79
2 comments posted 2yrs posted by rachelms79

Roth IRA loan

Can one Roth IRA lend money to another Roth IRA (so it can buy an investment)? One person told me that if an IRA gets m...
0 comments posted 2yrs
posted by tydeman.consulting
0 comments posted 2yrs posted by tydeman.consulting

UK taxes and USA IRA

If my USA IRA makes an investment in the UK, and the UK withholds income taxes on that investment, can those UK taxes b...
3 comments posted 2yrs
posted by tydeman.consulting
3 comments posted 2yrs posted by tydeman.consulting

How To Issue A 1099

I have to issue a 1099 this year from my small business, for the first time in a zillion years. I Googled it, but most...
4 comments posted 2yrs
posted by dontspamme
4 comments posted 2yrs posted by dontspamme

Revenue Ruling 2023-2

I thought this was pretty ho-hum, the IRS just stating what has been known for years. But then I read this article:...
1 comments posted 2yrs
posted by nospamplease
1 comments posted 2yrs posted by nospamplease

Reporting foreign asset

Two years ago, I lent money to a foreign builder (so a foreign asset). At the start of last year, I still owned that fo...
0 comments posted 2yrs
posted by tydeman.consulting
0 comments posted 2yrs posted by tydeman.consulting