Taxes General Forum

Capital Gains?

Single family home inherited in 2013. Value $230K, per Zillow, Red Fin, etc. Home held by beneficiary from 2013 - 2022,...

1 comments posted 2yrs

posted by nospam

1 comments posted 2yrs posted by nospam

Re: Gift-Installment Sale (Is it taxable?)

> "Gene E. Utterback" snipped-for-privacy@alliancetax.com wrote: > > You can only amend returns back three years, so th...

0 comments posted 2yrs

posted by tkatsules

0 comments posted 2yrs posted by tkatsules

Online Tax Prep Companies Shared Taxpayer Personal Data With Meta and Google

The article sems to say that only data from online tax prep sites had been shared, so perhaps this issues does not impa...

1 comments posted 2yrs

posted by vicroberts

1 comments posted 2yrs posted by vicroberts

Change of country

I own stock of a pre-IPO company that was registered in Belize (for years) until January XX, 2022. On January XX, 2022,...

0 comments posted 2yrs

posted by tydeman.consulting

0 comments posted 2yrs posted by tydeman.consulting

Tax Treatment in 50-50 Custody Case

My son is going through a divorce, and he and his wife have one minor child. The lawyers are telling them that because...

10 comments posted 2yrs

posted by aaron23

10 comments posted 2yrs posted by aaron23

How to split income from joint accounts and revocalble living trust accounts when married filing separately

We are in Massachusetts and will be MFS on the state return. The revocable living trust has us both co-trustees. Do we...

3 comments posted 2yrs

posted by jms2l

3 comments posted 2yrs posted by jms2l

1031 Holding Period

When doing a 1031 exchange, the basis of the original property transfers to the new property. But does the holding peri...

9 comments posted 2yrs

posted by spamtrap

9 comments posted 2yrs posted by spamtrap

Investment Energy Credit

Hi All - The question came up as to whether the investment energy credit applies to rental real estate. It should, but I...

6 comments posted 2yrs

posted by spamtrap

6 comments posted 2yrs posted by spamtrap

IRA Issue... Or Not

I am 75 years old, retired. My income consists of divd/interest, SS, pensions. I have assorted trad. IRA accounts inclu...

4 comments posted 2yrs

posted by moo

4 comments posted 2yrs posted by moo

Filing the 990-N

After the discussion with Stan, I remembered to file the 990-N for an organization I'm responsible for with a June year...

1 comments posted 2yrs

posted by ahk

1 comments posted 2yrs posted by ahk

S-corporation Shareholders

I have a question about how to report wages for S-corporation shareholders. I know that the (reasonable) wages portion...

2 comments posted 2yrs

posted by spamtrap

2 comments posted 2yrs posted by spamtrap

Is this life estate taxable?

Mister M was a member of the Jehovah Witness Governing Body. He was one of ten in that most senior position. In Februar...

3 comments posted 3yrs

posted by rodneyfarber

3 comments posted 3yrs posted by rodneyfarber

3520-A page 4 => where on 1040?

Report each item on the proper form or schedule of your tax return. So, what are the proper places to report those numb...

3 comments posted 3yrs

posted by tydeman.consulting

3 comments posted 3yrs posted by tydeman.consulting

IRA's in a Trust

Confirming information from a conversation I had with an estate attorney today. This concerns IRA's that my brother and...

0 comments posted 3yrs

posted by dontspamme

0 comments posted 3yrs posted by dontspamme

EFTPS F941 Deposit to wrong Quarter

I deposited funds to Q1 which were supposed to be for Q2. I figured this out when filing the F941 for Q2. I did not ind...

0 comments posted 3yrs

posted by dudanation

0 comments posted 3yrs posted by dudanation