Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Executor Fees
In 2004 I was the Executor of my Father's estate. Nothing big and all the tax returns were simple. My step-mother received all estate proceeds. However, I am now preparing my own 2004 tax return and I...
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1099-Misc where to report on 1120S?
The client has a real estate S-corp, uses independent contracts to build houses. On the 1120S where would I report expenses incurred and paid to Subcontracts? Also, when cash contributions are made to...
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1099 MISC, what to do, please help
I was a working as a contractor for an employer A working for Company B whereas company A got this contract from B and A asked me to start working with $x/hour for limited time in the manner of...
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Loan to S-corp - treatment of interest
Took out a home equity loan for $50K and immediately loaned the money to my S-corp. Where on the 1040 do I deduct the interest on the equity loan payments? Or should the corp make the loan payments...
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CA State Board of Equalization ?
Our small business (two artists working under an S-Corp) is doing a (public art) project in CA. We have complete a total of three projects in CA, all which occurred several years ago. Two were...
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T bills bought below par
when I redeem the T-bills bought below par, is there a capital gain, or is it all treated as interest? thanks.
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Schedule C
Last year I messed up on my return and didn't do a Schedule C when I was suppose to. I made about $1500 doing side jobs and claimed it on my taxes as misc. income instead of doing the Schedule C and...
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More problems with 1042-S
I am on J-1 scholar Visa status According to the substantial presence test I must file as a resident alien for the entire 2004. However due to Tax treaty with Israel I was exempt from tax for my first...
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Mortgage Interest
Not really a tax issue, but sort of. I owe $90,000 on a $96,000 mortgage taken out in 2002 at a fixed rate of 5.75%. Last year I made 2 extra mortgage payments to principal ($1200 total). In 2003 I...
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As others have said....
You've confused a Roth and Traditional IRA as far as taxes go. To correct another poster, many people can't deduct their contributions to a Traditional IRA, so there's zero tax advantage to them over...
 
Married Filing...
Here's my quesitons.. My salary is say 14 times my spouses. Here's my question. If we file jointly, our combined medical bills (prescriptions / doctors bills etc) do not hit the minimum celing for...
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Form 1099B Cingular Wireless
Daughter has 34 shares of AT&T Wireless which Cingular gave her $510 (34 shares times $15/shr) and a 1099B for Merger Consideration. She knows what she paid for AT&T Wireless so is it just a matter of...
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Florida Lawmaker Seeks Toilet Paper Tax
A truly bottom line example of our legislature at work: HeadlineAlley
 
CCH TAX NEWS for March 11, 2005
CCH TAX NEWS for March 11, 2005 FEDERAL NEWS Senate Approves Bankruptcy Reform Bill Provides Transition Relief from Limitations on Deductibility of Exempt Use Property Losses (IR-2005-25; Notice...
 
Returning a signing bonus
I recently started a new job in which they were nice enough to give me a signing bonus. Unfortunately I dont like the job very much and think I may leave soon. When I got the bonus I was told that if...
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