Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
IRS Offer In Compromise from Utah State
I'm getting ready to submit to the IRS my Offer In Compromise packet. I have no assets other than my car (worth around 3,200), live with roommates and work part-time. I'm single and do not have any...
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CCH TAX NEWS for November 28, 2006
CCH TAX NEWS for November 28, 2006 FEDERAL NEWS Incoming-Only Services Not Taxable As Local Telephone Service; Internet Service Provider Entitled to Refund (USA Choice Internet Service, FedCl) for...
 
Energy Credit
I have a client who built a new home this year - he was the general contractor. Does he qualify for the $2,000 energy efficient home credit?
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CCH TAX NEWS for November 27, 2006
CCH TAX NEWS for November 27, 2006 FEDERAL NEWS IRS Certifies Vehicles for Tax Credits (IR-2006-182; IR-2006-183) Compensation Tables for 2007 Plan Year Furnished by IRS (Rev. Rul. 2006-60) NEWS...
 
accidental IRA distribution
Ouch! I had 50K shares of a restricted (but legend has been lifted) stock in a Merrill IRA. I tried to transfer the shares to a different IRA with a different vendor. I then closed/canceled the...
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Basic question about state tax
Hello, I read in the newspaper that should baseball player Vernon Wells sign with the Texas Rangers for roughly $16 million to $18 million per year, he would save roughly $10 million / year in tax...
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250K Capital Gains Exclusion
I own a piece of property that I lived in from 2000 to 2003. The five year time period for me to claim the 250K capital gains exclusion is almost up and I haven't yet sold the property. If I sold this...
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Please help... regarding tax problems
Let say Ralph transfers property with an adjusted basis of $65,000 and a FMV of $70,000 to lake corporation in a Sec. 351 transaction. Ralph receives the stock worth $60,000 and a short-term note...
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How to amend last year's tax -- to include form 709
I bought more than $1100 529 IRA last year for my child and I was informed it is ok if I make ratbly over a 5-year period. I just find out that I should have file a form 709, which I did not do in...
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2006 Tax Software - price structuring
At least as far as TaxCut is concerned, it looks like the cheapest is $29.95 (but, without e-filing). Cheapest package with e-filing included is $59.95. Looks like the prices have really increased. I...
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E-filing with foreign equivalent to W-2
Similar subjects have been discussed, but not this exact one, so here goes: I have a client who wants to e-file (to get his refund quicker), but he has income from wages from a foreign corporation,...
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Stock Option Freeze
I am a regular employee (ie, non-executive) at a company that is in the process of restating earnings after it was determined that stock options were incorrectly adjusted (though, my options weren't...
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LLC Tax Question - Member exiting the business
Good Morning All, We have a situation we have a member that is contemplating leaving the business (a Virginia LLC). I have always assumed that the method would be for the LLC to buy their stock back...
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What constitutes deductible investment expenses for non-traders?
Laptop? Books? Subscriptions?
 
Theft Loss
I have a large documented theft loss for 2005. I did not take it because I waiting for the insurance proceeds. So I have to file an amended return. Since it was a classic car, can take it as a capital...
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