Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
active vs non-active participant in 401(k)
My employer has a 401(k) and I was stupid enough not to participate in it (although I am eligible to participate). Can I still make a tax-deductible contribution to IRA this year? I read the rules but...
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Mistake for a tax preparer
A friend of mine no less asked me a tax question today. He is selling a some undeveloped land he purchased 30 years ago at a $24,000 profit. He asked me what his capital gains tax would be. I...
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CCH TAX NEWS for December 27, 2006
CCH TAX NEWS for December 27, 2006 FEDERAL NEWS Conservation Easements on Lake Michigan Shoreline Qualified for Charitable Contribution Deductions (Glass, CA-6) Extends Pre-Filing Agreement Program...
 
CCH TAX NEWS for December 26, 2006
CCH TAX NEWS for December 26, 2006 FEDERAL NEWS IRS Begins Work to Help Taxpayers During Filing Season (IR-2006-195) Weekly Report: What's Happening on the Tax Front --Bush Signs Extenders Bill and...
 
any big changes between 2005 and 2006A
I am probably going to get hit with AMT. Is is adequate to use TaxCut2005 to determine this (since I have all my 2005 data in it, and can quickly make a few changes for 2006) or have there been...
 
California C Corp taxes ...pls help
California C Corp taxes ...pls help My friend has a C Corp Startup Incorporated in California which has no revenue only expenses. Incorporated in Jan 06. Some details: - This is is the first year of...
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Money received in a lawsuit
This year we signed a contract with a deposit to purchase real estate. We then found out the owner sold the real estate to another person. We settled the suit through arbitration for which we received...
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TurboTax 2006
Has anyone here bought the Deluxe version of TurboTax 2006 yet? I've used it for years, and I heard that it's still usable for self-employed people. But the chart on the box for deciding which kind to...
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As a New York based business do I have to collect New Jersey state tax?
I am trying to get a clear answer on this. I've heard different things from different people. I am a sole proprietor in New York with a small onsite computer repair business. Most of my customers are...
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Happy Holidays
I hope everyone is enjoying the calm before the storm of tax returns arrives. Dick
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NRA, 28% backup withholding, help needed
I am a non-resident alien, living and working in Italy for the local branch of a US company, and I exercised some stocks options that my US company gave stocks were on a US online account....
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Dividends I Paid Out On A Stock That I Have Sold Short
How do I report dividends that I paid out on a stock that I have sold short?
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CCH TAX NEWS for December 22, 2006
CCH TAX NEWS for December 22, 2006 FEDERAL NEWS IRS Provides Guidance on When an Accrual Method Taxpayer Incurs Liability for Services or Insurance Under Code Sec. 461 (Rev. Rul. 2007-3) Issues...
 
RMD and 60 day rollovers
The following seems to be a way to use 60 day rollovers to completely circumvent RMDs. I don't think this should be possible, so please help me identify the flaw: Year 1 (age 69.5): Withdraw full IRA...
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Interest on a loan from a private individual to fund education
A wealthy private individual loaned me some money to finance my education in college. Can this loan be deducted on my taxes? I have since graduated school and am currently working for him. Thanks!
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