Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
CCH TAX NEWS for December 6, 2006
CCH TAX NEWS for December 6, 2006 FEDERAL NEWS Add-Ons Stalling Tax Extenders Bill NEWS Delaware --Corporate Income Tax: Tax on Bank's Interest Income Did Not Violate Commerce, Due Process Clauses a...
 
chairtable contributions of private company stock
does it work? can it work? Private corporations owner donated shares in it to charity. Charity (voluntarily ??) redeems shares for cash. Owner gets deduction for full value (mostly appreciation)....
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Medicare tax
We have employees who aren't subject to Medicare tax because they were already here when governments had to start contributing. We have one employee, though, who started in 1988, two years after the...
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Help find an accountant
Can anyone give me any tips on finding a good accountant to help me with my small business? I need to find someone that can actually help me save a significant amount of money. I have asked some...
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Excess Business cash at year end
I have small business (LLC) of which I'm the only employee but I do occasionally have some 1099 contractors do work for me. I've paid myself a market-rate salary but I've ended up with over $70,000...
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CCH TAX NEWS for December 5, 2006
CCH TAX NEWS for December 5, 2006 FEDERAL NEWS Interim Guidance Issued on Supporting Organizations, Donor Advised Funds and Private Foundations (Notice 2006-109) IRS Valuation Position Results in...
 
Another Charity Mileage Question.
This involves driving to extra-curricular events for (public) school. I'm trying to figure out how different sets of facts affect what is or is not deductible for mileage. Set #1: We drive our child...
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CCH TAX NEWS for December 4, 2006
CCH TAX NEWS for December 4, 2006 FEDERAL NEWS IRS Issues Guidance on Recordkeeping Requirements for Charitable Contributions Made by Payroll Deductions (IR-2006-186; Notice 2006-110) Existed over...
 
Internet sales and local sales tax
I am investigating selling some products on the internet which we currently sell in a brick and mortar in Norman, Oklahoma. I am aware that I will have to charge state sales tax on internet sales to...
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Year End IRA Withdrawel With Next Year Rollover
Scenario: Funds are withdrawn from an IRA in December 2006 and rolled over in January 2007. Must the withdrawal be reported as 2006 income to comply with the 1099-R that will be issued? (I think I...
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urgent ...Tax issue
urgent...payroll tax issue ******************************* My friend started a tiny business in Jan 2006. She got an investor to put a small amount of money. It is a C Corp in California. She was...
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Sale of partnership interest
I have a partnehip that has a partner with a negative inside basis. The partner would like to sell his interest and have the buyer assume the neagtive basis. Can this be done wihtout tax consequences?
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Is this a gift?
My 26 year old single child has been independent since graduating from college in 2002. Now, said child has been accepted to full-time medical school. Mom and Dad want to pay most of the tuition which...
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model for new tax form?
I finally took a look at the 1040EZ-T and it is only one line long! (That is the telephone tax rebate for people with no other taxable income.)
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travel expenses for charity
In the spring I took a long road-trip out west, spending a good deal of my time at Grand Canyon National Park. The trip was mainly for pleasure purposes, but while there I participated in a 5-day long...
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