Latest threads in Taxes General Forumshow only best voted threads
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Can Buffett do it?
According to news reports, Warren Buffett is planning to donate about $1.36B per year to the Gates Foundation Quoting from the above link: The money from Buffett, 75, comes with a significant catch....
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17 years ago
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CCH TAX NEWS for June 26, 2006
CCH TAX NEWS for June 26, 2006 FEDERAL NEWS CCH Weekly Report --What's Happening on the Tax Front: House Passes Estate Tax Repeal Bill; Conferees Still Deadlocked over Pension Provisions; IRS Extends...
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17 years ago
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Capital gains - grandmothers house passing to mother
I would like some basic pointers with regards to capital gains on an inherited house. In 1984, my grandmother changed the deeds of her home adding my mother - with the intention of simplifying matters...
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17 years ago
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CCH TAX NEWS for June 23, 2006
CCH TAX NEWS for June 23, 2006 FEDERAL NEWS House Passes Estate Tax Relief Bill, Senate Vote Expected Next 2006 User Conference Agenda Announced NEWS Arizona --Personal Income Tax: Rates Reduced...
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17 years ago
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Net Operating Loss Confusion. Please Help
An individual has schedule C income of $250K in 2005, 84K loss in 2004, 30K income in 2003 and 25K income in 2002. He did not file 2004 tax return as of now. Therefore, he missed the deadline to elect...
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17 years ago
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Inventory at Sale of Business
I am a little confused. Inventory at Sale of Business, whether it is reported as Gross Proceeds on Form 1065 as if sold in normal course of business or on Part II of Form 4797 as Ordinary Gains and...
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17 years ago
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Any Alternative to stock "put" or "short against the box"
Here is a real challenge. I purchased shares of a penny stock that increased in value from $.51 to $1.90 in two years. It is a bulletin board stock, not listed on any pinksheet or other exchange. I...
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17 years ago
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Refund Question
If a person or corporation pays no taxes during its fiscal year and its expenses are greater than its profits, is this person or corporation due a refund on its losses? I have a friend that in this...
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17 years ago
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Home Purchase Question!
We recently bought a house from a neighbor, whom had "moved" to a nursing home. Included with our house purchase were innumerable antique items -- which while most valuable -- are not items we want....
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17 years ago
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CCH TAX NEWS for June 22, 2006
CCH TAX NEWS for June 22, 2006 FEDERAL NEWS New Circular 230 --One Year Later, Lessons Learned and Compliance Best Practices Seminar Scheduled for June 28 Tax Relief Bill Gets Lukewarm Support from...
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17 years ago
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Sale of Homestead questions
We live in Texas. Our home is free & clear of all liens. We are a married couple, and our ages are between 60 & 64. Under Texas law (Texas homestead exemption) our home is protected from just about...
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17 years ago
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1041 and overseas trustee..........
Contacted by a friend of a friend. He is trustee of a split trust set up by his deceased father in 2000, half administered by him and to be used when his step-mother runs out of income from her half....
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17 years ago
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Excess of Distribution over Basis
I understand that the excess of Distribution over Shareholder Basis in a S Corp is reported on Schedule D of Form 1040 as Capital Gain. What line of Schedule D does this go on? I tried reading the...
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17 years ago
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Schedule A or Standard Deduction
I filed tax return extensions in April for both my Fed Tax Return and California Tax Return. I paid about $9000 for California Tax at that time. Now I am working on filing the return and found out...
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17 years ago
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tax and hiring oversea programmers
I have a day job. I also have a website selling a software I developed. I am thinking about filing Business gain or lose about my software business in my tax return. I hired one programmer oversea and...
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17 years ago
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