Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Puerto Rico bondas -- tax-free?
I have some Puerto Rico Conservation Trust bonds (6.1% due 5/1/2012) -- are these federal and/or California state tax free? Thanks Steve
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Taxes on capital gains, when paid?
I am expecting a huge capital gains in a few weeks. If I put it off until after the first would I get to hold onto the taxes for an additional 12 months, or would I be obligated to pay some sort of...
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Stock loan treatment by IRS
A private party offered to loan money against my stock if I transfer the shares to the lenders name. A document signed by both parties will state the transfer is to secure a loan. Will the IRS treat...
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Safe harbor rules for dual status?
I am single. Changed status from F1 to H1 on Oct. Question 1 Can I file tax return as non-resident for whole 2006? and how to file since I pay FICA and medicare during H1 Question 2 If I married by...
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which state to file in
I live in Indiana. I'm about to start work in Illinois and I've rented an apartment in Chicago. Will I need to file a tax return in both states or just one? I'll be in Chicago during the week for work...
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AMT and capital gains, qualified dividends.
I am trying to work through the AMT. Firstly, form 6251 often says to find the difference between regular tax and AMT. How do I figure the AMT (especially for line 16 - the intructions say to use...
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CCH TAX NEWS for November 30, 2006
CCH TAX NEWS for November 30, 2006 FEDERAL NEWS IRS Issues Fact Sheet Discussing Basic Depreciation Rules (FS-2006-27) Secretary Not Responsible Person for Debtor Corporations' Withholding Tax...
 
wife never changed address with HR dept when we moved to another state
I just noticed today that my wife's paycheck deductions never changed from NY State when we move to CT 4 months ago. She called her HR dept and they told her that her office in is NY State so she...
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california domestic partner taxes
Sounds like a real nightmare coming down the road, unless you a tax-preparer charging by the clock. California's registered domestic partners(*) may file for 2007 as marrieds. However, since the feds...
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CCH TAX NEWS for December 1, 2006
CCH TAX NEWS for December 1, 2006 FEDERAL NEWS IRS Announces $1 Billion in Tax Credits Allocated to Clean Coal Projects (IR-2006-184; DOE Press Release) Provided on Reporting and Wage Withholding for...
 
ISP problem
Due to spamming problems, my ISP has shut down News and E-mail where the From: address is different than my address. It appears they have done this to all users. I have a backup plan, but it will be...
 
Huge increase in income for one year
As a retired couple, my wife and I look forward to a huge distribution of taxable income (>$100k). As our income - gross is usually in the $40K range, this additional +$100k puts me in a much higher...
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Contributing to an IRA with a bond?
Will the IRS accept as a valid IRA "contribution" my purchasing a State of Israel bond in my name from their agent (Bank of America) and then transfering that bond to my IRA, held by a brokerage firm?...
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CCH TAX NEWS for November 29, 2006
CCH TAX NEWS for November 29, 2006 FEDERAL NEWS Seminar on Filing Form 1041 Scheduled for December 1 NEWS California --Sales and Use Tax: Tax Inapplicable to Advertising and Home Shopping Network...
 
Three year deadline to file and receive a refund.
I received a refund for my 2002 taxes, which were filed in May 2006. The accountant said that the IRS probably would not issue this refund, since it was more than three years past the filing deadline...
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