Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Can someone clarify underpayment penalty for me?
.... States can also be irritating various ways. Last year I underestimated both NJ and Federal taxes by quite a bit, and sent fairly large checks by Apr 15. A few weeks ago I got a certified letter...
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INheritance estate tax? permanent resident money in UK
I have a question my grandfather left me about $70,000 the money is in the UK right now with the solicitors. When I move the money to the USA NY state, will I have to pay taxes on it? thanks Sandie
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NORTH CAROLINA FILING STATUS REQURIEMENT FOR NON-RESIDENTS CHANGED
>>>> That happens more often than you might suppose . The disclaimer on all my teaching materials ends with "Further, the author reserves the right to change her mind on any point without notice."...
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Expenses as association board member not deductible?!?!
Trade associations don't exist unless a group of businesses pay them money to operate and be effective. In contrast, contributions to a civic league can be challenged as bearing no relationship to...
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Urgent....forgot to send 1099
Yes, there is a penalty for late filing of 1099's. Up until THIS year, this really wasn't a problem. Ive never heard of penalties being assessed before year 2005. However since then I've heard of a...
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Is This Section 179 Property?
Yes, unless you hit an uncommon exception. See instructions for line 11, Form 4562. -Mark Bole
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Woops about last submission
Please crosspost it to misc.legal, and us.legal as the original submission was crossposted. Thanks, jik =========Moderator: There are a lot of things I would do for valued members of mtm. But I no...
 
Simple IRA accounts and USA Patriot Act
No, but think of it this way. Simple IRA's are funded into employees' IRA, meaning they must first be established in order for any funding to be accomplished. No employee, no IRA. Hence no funding....
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Deducting adoption expenses incurred for an adoption that may not happen
I don't believe this is true. Instructions say that if you cannot fill out some of the data, fill out the info on page 2 for the adoption agency.
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Basis Stepup on Trust Assets
Thanks for all the responses. -- George
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CP-2000
Many, many years ago two of my employer's clients provided us with IRS communications in which the IRS had over-refunded taxes paid by their respective children. To each I offered to convince the IRS...
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IRS lost my tax return
I called them last week to see where my refund was and they said they never received my tax return; I need to file another copy, and make sure it has a fresh signature and not a photocopied signature....
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Three year limit on refunds - including extensions?
Looking through the archives, I see there's been extensive discussion about the three year limit/two year limit on refunds conundrum. One point I didn't see examined was the question of whether the...
 
Professional Services Corp
I am a CPA in New York State, and I am a bit embarassed asking this since as a CPA I should probably know this. I have decided to form a professional services corporation for the side tax work that I...
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Winnings Classifed as Non Employee Compensation ?
Hello, I won a plasma TV via work 2 years ago in 2004. Samsung shipped it to me and that was the last I heard of it. I never received any paperwork or an entry on my 2004 earnings. Just recently I...
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