Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Tax advataged way to put aside money for retirement medical costs
Have a small business that is a C corporation. Is there a way for me to put put aside meny now in a tax-free or tax deductible way to pay for my medical costs during retirement?
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Support vs. gift definition
Following is an excerpt from a thread on a financial planning newsgroup, just curious what answers are forthcoming from the crowd here. I have been wondering, in general, what is the difference...
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self-employed expensing question
im a computer programmer. in march of 2006 i became a 1099 independant contractor and moved cross-country (to new orleans!) for a client; in november i became a single-member LLC (disregarded entity...
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Please help...very important
Tax question- My client donated a boat on August 1, 2003. He received an appraisal on the boat 1 week before for 395,000. After donating the property the charity sold the boat for 135,000 on August 8,...
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Means-testing Medicare Part B premiums
I understand that premiums for Medicare Part B will be means-tested starting in 2007. For a single person with income between $80 to $100K, he/she will pay 1.4 times the standard monthly premium....
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Lump settlement from business contract settlement
If a company receives a large lump sum settlement from a lawsuit against a customer is it all includable in income in the year recieved?(assuming cash basis method of accounting). Are there any...
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Is an individual liable to pay corporate taxes?
In the early 90's I formed a corporation (In Delaware but live in Pennsylvania) which consisted of myself only, as the CEO. The business failed, but I never dissolved it. I just received a letter from...
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Filing Status Question
Is a taxpayer considered to be single if they are living apart and under a legal separation for 15 months, and not divorced because the spouse refuses to sign the divorce decree?
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Independent Contractors and SEP-IRA
I have a new client and I am transferring her SEP-IRA account over to our broker-dealer from her previous one. I am not sure the original SEP was established correctly and I would appreciate your...
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Filing 1040 Sched As this year
I downloaded the 2006 Sched A (1040) from the IRS web site before congress changed the law to allow deduction for sales tax. I notice that the form is missing the option to deduct this instead of...
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E-Trade Tax Hold, How to Get them to Lift It?
In 2005, the state of California put a 10 day hold on one of my E-Trade accounts in a dispute about taxes. The hold expired, back in 2005, but E-Trade has still not made the account available to me. I...
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CCH TAX NEWS for December 13, 2006
CCH TAX NEWS for December 13, 2006 FEDERAL NEWS Final Regulations Addressing Group Health Plan Health Status Discrimination Prohibitions Issued (T.D. 9298; T.D. 9299) Tax Briefing on the Tax Relief...
 
CCH TAX NEWS for December 12, 2006
CCH TAX NEWS for December 12, 2006 FEDERAL NEWS Thomas Remarks on Retirement from House Ways and Means Chairmanship Address Reduction of Taxable Income for Taxpayers Housing Individuals Displaced by...
 
1031 Question
Client is pondering a 1031 exchange from business/investment property to a B&B where he intends to, and is actually required by law, to reside in a portion of the property while operating the B&B. I'm...
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When are transfers not gifts
Two issues come to mind in determining gift vs. support. (1) Who maintains control of the asset? If you give up control, that argues for a gift. (2) What was the money used for? If I give you $1000...
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