Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
1098 Mortgage Interest w/ 2 borrowers + efile
I have a mortgage with another person. The mortgage company sent a single Form 1098 with the full interest paid to one person (me), which is typical for banks to do. The IRS says that if there is a...
15 years ago
 
Rental property and mortgage payments
I have a rental property and am trying to do my tax return for this year. I charge $1200/month in rent. Here are my calculations: Total rental income received ($1200 x 12): 14400 ($1200 x 12) Minus...
15 years ago 4
 
If I buy land/home outside US, does I have to report on tax returns?. I didn't see any column?
If I buy land/home outside US (in Canada/Europe/Asia), does I have to report on tax returns?. I didn't see any column?. Please let me know how can I show?. wrote: No -- Phil Marti Clarksburg, MD There...
15 years ago 4
 
Travel Expenses
I work a 14 day on, 14 day off rotation for an offshore drilling company in the Gulf of Mexico. For the past three years I have deducted the mileage on my car for driving back and forth to various...
15 years ago
 
Deduction for PA UCE tax
I called the IRS last year to ask if the PA Unemployment Compensation Fund tax was deductible for 2003. The individual said no, but that a bulletin was released that it would be deductible for 2004....
15 years ago
 
Gift Tax
Hi everyone. Our relatives are concidering a gift of cash to us. I understand that there is no tax liability for us.. But.. What forms and such would THEY need to file, and would THEY end up with any...
15 years ago 1
 
Claiming for an adult relative
My wife's brother came to live with us last year. He is disabled so we have to do every thing for him. My question is if we can claim him as a dependent. If the answer is yes, I would like to know...
15 years ago 7
 
college son
I have a son in college who is 19. He made some money during summer about $1200. Does he need to file 1040 by himself? and I cannot claim him as dependant? I am supporting his tuition/room/board and...
15 years ago 4
 
Tax Preparer Sentenced
OKLAHOMA CITY-- A tax preparer was sent to prison for three years and a month after pocketing his clients money instead of paying it to the Internal Revenue Service. Rhett E. Arterburn, 64, of...
15 years ago 1
 
question about S corporations in New York City
I am a consultant and have a S corporation in New York City. All of my clients are located in New York City as well. My question is, do I have to file a 4S form with New York City? Does this mean that...
15 years ago 2
 
Exempt from FICA due to disability?
I am a police officer in NYS and was out of work for the entire year of 2004 due to work-related injury. During that time, and continuing now, I received my full salary due to a law (NYS G.M.L. 207-c)...
15 years ago 2
 
Married Filing Seperately Questions
Last year, my wife and I filed our federal taxes jointly. This year, we may file separately (MFS). This is due to the fact that our taxes should be lower due to the way the AMT affects our tax...
15 years ago 2
 
IRA contribution ?
I have a traditional IRA in which I have a portion invested in laddered CDs. Can I temporarily deposit money($10,000) in my IRA and then remove it about a month later without any penalties or...
15 years ago 4
 
Graduate School Stipend
In Research Universities, Ph.D. students are given stipends of $12,000 to $15,000 a year and tuition waivers. The only expectation is that the student attends classes, passes courses, and produces...
15 years ago 3
 
Can I deduct medical insurance premium from new jersey tax return (NJ1040)?
I have a question regarding New Jersey Tax Return (NJ-1040) for the year 2004. In line 31 Medical Expenses, can I deduct my monthly health insurance plan premium? My company detuct this premium from...
15 years ago 3