Latest threads in Taxes General Forumshow only best voted threads
| Subject | Author | Posted | Replies | |
|---|---|---|---|---|
|
|
Is this stock matching allowed?
I know. I was making a joke on the previous poster's misuse of the word "posthumously", when he meant "post facto". -- Barry Margolin, Arlington, MA
8
|
19 years ago
|
8 | |
|
|
City taxes
What is refered to as "citi income taxes" is really a state tax that depends on your city of residence. The US constitution only allows the Federal and State government to tax you. Thus even "local"...
1
|
19 years ago
|
1 | |
|
|
Question about taxes and Incorporation
Correct of course, and probably reason that didn't occur to me, is that in my case, (I operate as a sub S), I'm not concerned about health insurance deductibility, since I'm covered by wife's plan at...
5
|
19 years ago
|
5 | |
|
|
primary residence - intrest tax break
Interest is deductible if paid for the mortgage on a first or second home. Note, the homes need not be the same each year. There is also a limit on the total debt. $1,000,000 plus $100,000 in home...
1
|
19 years ago
|
1 | |
|
|
NOL from Tuition Deduction?
That doesn't lead to an NOL. The 2002-2005 deduction on the front of the 1040 is a non-business amount.
4
|
19 years ago
|
4 | |
|
|
Purpose of importing previous years tax data?
thanks everyone.
1
|
19 years ago
|
1 | |
|
|
deduct federal income tax
California capped out at 11% in the early 1990's. That's where "Gray-out Davis" got the surplus he blew on electricity for the state that caused his recall, leaving us with Arnold. There's currently a...
4
|
19 years ago
|
4 | |
|
|
Anyone reporting self-rental activity on Sch. E?
No. Latin. Meaning "for the sake of the argument." A common bit of legalese . Katie
3
|
19 years ago
|
3 | |
|
|
State Sales Tax Deductions
Is that "GA" as in "Georgia, Alan? If so, I was never aware of this, and I am FROM Georgia. Of course I've never had any service station clients either. What about it Paul (Thomas); is this so?...
6
|
19 years ago
|
6 | |
|
|
retired, declared FL domicle - what is filing status for NJ?
[snip] Just to add to Katie's comment... CA has separate definitions for domicile and residency. It is quite possible to be a tax resident of CA and have your domicile in another state. If that other...
5
|
19 years ago
|
5 | |
|
|
interest on inheritance tax deficiency
The citation you are looking for is not IRC 162, but in TR 1.163-9T. It's too bad that the Tax Court didn't buy my argument in 2003 that this regulation (introduced December 1987) hasn't naturally...
3
|
19 years ago
|
3 | |
|
|
Deductibility of legal advice on residential easement?
Where is "ordinary and necessary" in IRC 212?
7
|
19 years ago
|
7 | |
|
|
Sale of inherited house
On an annual basis, no. However, see "excess deductions on termination." IRC 642(h)(1) specifically allows a capital loss carryover (carryforward) [and an NOL] to flow through that ONE TIME.
6
|
19 years ago
|
6 | |
|
|
How do I treat interest paid on an investment property?
Reg 1.266-1 clearly defines this as an ANNUAL election. I agree that such a formulation is probably unusual. And, who knows whether the Supreme Court would uphold the Reg... MTW
7
|
19 years ago
|
7 |