Latest threads in Taxes General Forumshow only best voted threads
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How to deduct expenses?
I have been lending small amounts of money (hard money loans) to borrowers for real estate. I get interest payments. At the end of the year I get a 1099 INT which shows Interest received. The interest...
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7 years ago
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20 | |
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Standare mileage rates
Why are there different mileage rates for business ($0.535/mile), medical ($0.17/mile), and charity work ($0.14 per mile)? Gas/wear/insurance, etc. are the same whether I'm on a business trip of doing...
4
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7 years ago
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4 | |
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Due Date Form 8840
If a foreign citizen needs to file form 8840 to claim a closer connection to a foreign country, it is apparently due by April 15 2017 for the 2016 tax year? If the form is filed after this date, is...
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7 years ago
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Is room and board taxable?
My son just got a job that included room and board. Is that taxable? Would it be on his W2 or something else? thanks
5
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7 years ago
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5 | |
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My contributions to my kids Roth IRA
For the last few years, I have been contributing to each of my adult children's IRAs because they haven't had the money. I usually just transfer it from my checking account to their IRA accounts...
9
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7 years ago
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9 | |
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How "reasonable" does the estimate have to be on Form 4868?
Taxpayer had subsidized health insurance last year based on low projected income (i.e. advance payment of the premium tax credit); however, the taxpayer's new business brought in income exceeding all...
3
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7 years ago
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3 | |
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Form 1099-DIV
Please note that I am not an income tax professional... I had contacted the creator of an Excel spreadsheet that can be used in filing U.S. income taxes. You can see his site at: The reason I had...
1
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7 years ago
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Latest time you can File Electronically
Taxes are due on April 18th this year, which is a Tuesday. In this case, I will owe money to the IRS and will want them to deduct the funds from my checking account on the 18th. If I file...
3
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7 years ago
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3 | |
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Tax Reporting Of Class Action Payments
I have several "Managed Funds" in my investment portfolio. These are sort of like mutual funds except every stock or other investment in them is recorded as owned by me. About five times a year I get...
3
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7 years ago
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3 | |
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Schedule C or Schedule E?
I've got a second home that I am considering using for short term rentals thru VRBO/Airbnb. I have been looking at the tax implications and filings that this would require, and there seems to be...
24
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7 years ago
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24 | |
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PTP: can I opt not to apply passive loss?
If a PTP has a current-year gain, and an accumulated passive loss, can I treat the entire gain as non-passive (taxable) income, and thereby retain the loss for future use?
3
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7 years ago
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3 | |
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RE:Direct Deposit to Checking/Savings
I see that both Fed and CA forms only ask for routing and account numbers, not name. My son 'should' be ok, but I still want to be sure. My question still remains. Thanks.
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7 years ago
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Direct Deposit to Checking/Savings
My son is getting a refund from both Fed and CA. He does not have a bank account. He is mailing in his returns. Can he enter my routing/account information on his returns and have his refinds...
5
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7 years ago
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5 | |
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Sale of Rental Property
Client has rental property sold in 2016. To use round numbers, original purchase price was $250,000, sold for $325,000 in 2016. But depreciation of $20,000 taken over the years, so basis is reduced to...
1
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7 years ago
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1 | |
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Corrected 1099s
I recently received some corrected 1099's for a Trust of which I am Trustee. (and sole beneficiary) I already filed my 1041 (and my CA 541) How long do I have to file an amended 1041 May be there will...
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7 years ago
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