Latest threads in Taxes General Forumshow only best voted threads
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Can one switch from an EA to a CPA during an IRS audit?
I know of no reason why she could not do this. But... . why? An Enrolled agent who is engaged to represent a client at audit should be chosen because he is, as an EA, qualified to perform such...
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19 years ago
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IRS Question - How to deal with this?
Hi, Tina -- At the annual tax seminar I attended last December, one of the IRS people stated that if they've questioned an item in an audit and the taxpayer's position was deemed to be correct, they...
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19 years ago
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Non-resident vs. Part-year Resident
I seem to have an answer to the root question from my corporate accountant. He says that undergraduate students are exempt from the 183 day rule and are full-year residents of their domicile state....
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19 years ago
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Fuel assistance
No, grants under LIHEAP (Low Income Home Energy Assistance Program) are not taxable income on federal returns. As for state returns, I know of none that tax LIHEAP grants. -- D.F. Manno "The work goes...
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19 years ago
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Tax Benefit Rule, State Tax Refund, and AMT?
My tax software has an entry to indicate the amount of the refund for which there was no tax benefit due to AMT. I figure that's good enough until (unless) the IRS comes asking. -- Tom Healy, CPA...
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19 years ago
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Allowable Mileage or Commuting??
Commuting from home to company or client location. But travel from the first job location of the day (whether client or company) to the last job location of the day is deductible. So if the client is...
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19 years ago
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Filing for 501c Society?
Form 990, if the 501(c ) entity has over $25,000 of gross receipts. Actually there's a scale based on how long the organization has been in existence. -- Tom Healy, CPA Boulder, CO Web:
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19 years ago
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Taxability of Income from Small Business
First, you'd better know whether you have partners in the business. You collect the sales tax from customers as an agent for the tax authorities. It isn't part of your income. And yes, you pay both...
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19 years ago
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Texas Sales Tax Questions
I think the answers to your questions are all there in the publications your link goes to. According to the Guidelines, you collect state and local taxes on all sales shipped to locations within Texas...
1
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19 years ago
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Interest and capital gains
Sorry Katie. The only interest expense one can ever deduct in MA is certain student loan interest within 60 months of repayment and business interest expense either on sch c or sch e. Investment...
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19 years ago
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Wrong account for direct deposit?
Efiling for another preparer is allowed, as long as that preparer is also an ERO, but for various reasons chooses not to do the work. In such a case, if I did it for another ERO, my name and address...
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19 years ago
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Out-of-state local tax
If you did the work in Mass., you will owe tax to Mass, and the tax return is due on April 15th, same as Federal. You can find non-resident forms at the Mass. DOR website, Good luck. Catherine
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19 years ago
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Correcting errors in 2002 and 2003?
Yes, you can file an amended return (1040X for Federal, don't know about NY) On Taxcut it should be pretty easy, but I've never done it. There is a deadline. For Federal returns, 2002 deadline is...
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19 years ago
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Executor, late gift tax return
Death is generally considered reasonable cause for any late filing penalty.
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19 years ago
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Son pays mom's mortgage
Why is that different from the son giving his mother the money, and then her making the payments? Seems to me it should be treated the same way. Stu
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19 years ago
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