Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Embassy Income Tax Free???
If she's a US citizen then she has to pay US income taxes. If she's a US resident she has to pay US income taxes. If she's a diplomat there are special rules. The foreign government isn't subject to...
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Trad IRA to Roth IRA conversion - state tax deduction
This is a follow-up question to my question last month. I want to convert $52,000 from a traditional IRA to a Roth IRA this year (2006). My AGI for 2006 will be about $90K. I'll owe about $4800 in...
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tax liability question for income earned in China
If you meet the requirements (and it sounds like you probably will) you would qualify for the foreign earned income exclusion. You would report your gross salary (before Chinese taxes) and then take...
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LLC benefits (going from Sole Proprietor)
"Gil Faver"
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Question about unemployment benifits for relocating.
On the other hand, if you tell them you're looking for another job and they fire you, then you are eligible. Seth
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LLC did not give schedule K-1
Have you called to request the K-1? Mike
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NY Tax for Nonresident
"Stuart A. Bronstein" wrote Oh yeah. New York (as with other states) will be aggressive about it. Get return(s) prepared and filed and pay the tax and interest, but beg for the penalties to be abated....
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Bank Closure of my accounts
Under certain circumstances the bank may be liable for fraudulent activities even though you are just the intermediary (somewhat like a credit card processor). If the business is important I would...
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Life insurance benefit/ gift
Just going through some old posts here... this comment brought to my mind a "well what if" question... if you folks don't mind... what if the father had cosigned the loan with his daughter and son in...
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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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