Latest threads in Taxes General Forumshow only best voted threads
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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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CCH TAX NEWS for June 21, 2006
CCH TAX NEWS for June 21, 2006 FEDERAL NEWS House Likely to Vote on Estate Tax Repeal on June 22 Budget Committee Approves Line-Item Veto Issues Regulations on Information Returns Required of Certain...
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17 years ago
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What is interest proration?
I am looking to buy a new home and as part of the payment spreadsheet is a value called Interest Proration. Seems to fluctuate greatly based on how much I put down however am unsure of what it is or...
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17 years ago
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CCH TAX NEWS for June 20, 2006
CCH TAX NEWS for June 20, 2006 FEDERAL NEWS Safe Harbors Provided for Calculation of Casualty Losses Attributable to Hurricanes Katrina, Rita and Wilma (IR-2006-97; Rev. Proc. 2006-32) Deadlines...
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17 years ago
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small business accounting
I am a new small business owner. Do I need to keep canceled checks with invoices? I usually pay online and don't have canceled checks. Or if I used credit card, do I need to keep credit card...
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17 years ago
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CCH TAX NEWS for June 19, 2006
CCH TAX NEWS for June 19, 2006 FEDERAL NEWS CCH Weekly Report --What's Happening on the Tax Front: Pension Conference Continues; House Approves Funding for IRS Inflation Adjustment Factor and...
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17 years ago
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How to account for travel mileage!!
Can someone tell me what the rules are for proper accounting of travel mileage? If you go to work and travel to a work related location and back to work and then go home, I understand that you should...
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17 years ago
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