Taxes General Forum

Would you handle this the same as my accountant is?

I have a son in college, he is a dependent. He earned about $6,000 and filed a 1040EZ. If you inspect the 1040EZ, you c...

9 comments posted 9yrs

posted by nojunk

9 comments posted 9yrs posted by nojunk

How Do You Get Copies of 1099 Government Received?

Taxpayer is a California resident and received a 1099 from a 401K custodian for the 2015 tax year. The issuer of that 1...

2 comments posted 9yrs

posted by persistentone

2 comments posted 9yrs posted by persistentone

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...

20 comments posted 9yrs

posted by gloriahiltz

20 comments posted 9yrs posted by gloriahiltz

Standare mileage rates

Why are there different mileage rates for business ($0.535/mile), medical ($0.17/mile), and charity work ($0.14 per mil...

4 comments posted 9yrs

posted by nadcixelsyd

4 comments posted 9yrs posted by nadcixelsyd

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...

1 comments posted 9yrs

posted by persistentone

1 comments posted 9yrs posted by persistentone

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 comments posted 9yrs

posted by wade

5 comments posted 9yrs posted by wade

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...

9 comments posted 9yrs

posted by kurtullman

9 comments posted 9yrs posted by kurtullman

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 t...

3 comments posted 9yrs

posted by edrobertsjr

3 comments posted 9yrs posted by edrobertsjr

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...

1 comments posted 9yrs

posted by nospam

1 comments posted 9yrs posted by nospam

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...

3 comments posted 9yrs

posted by rick

3 comments posted 9yrs posted by rick

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 ot...

3 comments posted 9yrs

posted by Jwisnia18

3 comments posted 9yrs posted by Jwisnia18

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...

24 comments posted 9yrs

posted by nospam

24 comments posted 9yrs posted by nospam

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)...

3 comments posted 9yrs

posted by gbeccles

3 comments posted 9yrs posted by gbeccles

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...

2 comments posted 9yrs

posted by nospam

2 comments posted 9yrs posted by nospam

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...

5 comments posted 9yrs

posted by nospam

5 comments posted 9yrs posted by nospam