Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
partnership - right to access financial records.
You may obtain copies of the returns (at $39 each) by filing Form 4506, available at Fred F.
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rental homes tax deductions
They're rental properties from the time they are put up and available for rent. Vacation homes: Property taxes are deductible. Interest using your main home and one other home as collateral are...
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Sale of Inherited Property
Hey, I really need advice on this. Do you need more details from me? At least a yes or no on Form 4797 Part II. Jim
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State Income Tax Refund
Thanks to both Bob and Phil. I let TaxAct do the calculation and it determined that I the full amount from the 1099-G should be reported on Line 10. However, I will now go through the worksheets by...
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G.W. Bush's Social Security Reform plans
I` agree that 401(k)'s and the various types of IRAs are "private accounts" of the type that W is proposing. So, why is it that almost all the politicians and reporters have not noticed this obvious...
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Capital Gains on House after divorce
Transfers incident to divorce are not taxable (and are ignored). It's your problem that you didn't have your divorce lawyer bring in a tax advisor so you wouldn't get screwed in the deal. Sorry.
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Travel deductions
Thank you--this makes it clear. Ponty
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Netherlands AOW Pension taxable?
says...
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New to the 1099 world questions
You should look into becoming a "business" under this arrangement which allows you deduct more of your expenses like tools and transportation and insurance, etc. than general filing. You dont have to...
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Hope credit
If that's what IT says, then IT is wrong. The credit goes to who gets the exemption, not vice versa. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062
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How many times can an individual be audited ?
Your understanding is wrong. What certain public officials do is PUBLISH their tax returns. With public inspection, usually any errors are quickly made evident. If memory serves me correctly, the last...
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S-Corp Day Care Entity Operates in Shareholders Home
I misread, and assumed you were the S-corp owner (as opposed to a preparer). I don't think there's a basis problem; by "basis issue" I meant that you should remember to calculate basis. IME, home...
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Alien question
Thank you Alan
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Can you issue more shares to cover retired shares?
What you are asking is a legal question, not a tax or even an accounting question. I don't practice in Nevada, so I can say with certainty. In California when shares are "retired" they revert to...
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state taxes paid
I think there is some confusion here between what is legal and what is practical or sensible . Legally, I would agree with Alan Kalman that the IRS doesn't care whether you claim all your allowable...
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