Taxes General Forum

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Amortization versus depreciation

I was reading through a document that referenced an old FCC ruling with regard to ordering telephone companies to aband...
4 comments posted 3yrs
posted by ahk
4 comments posted 3yrs posted by ahk

Qualified Business Income Deduction

Business is run through an S-corporation. The owner wants to take the QBI deduction and asks if the salary portion of h...
1 comments posted 3yrs
posted by spamtrap
1 comments posted 3yrs posted by spamtrap

Out of State Employees

I have a question about a business with out of state employees. The business has no office, assets or other contacts wi...
3 comments posted 3yrs
posted by spamtrap
3 comments posted 3yrs posted by spamtrap

Energy Tax Credits Through Tax Year 2021 and 2023

1. I am married filing jointly. By the time of our 2017 tax return, we claimed cumulative $500 in energy tax credits. I...
0 comments posted 3yrs
posted by charles.budman
0 comments posted 3yrs posted by charles.budman

Uncooperative Partners

LLC with three members is taxed as a partnershp. After filing its tax return, it was discovered that the 1065 was wrong...
4 comments posted 3yrs
posted by spamtrap
4 comments posted 3yrs posted by spamtrap

Tax Planning Expenses

I received an inquiry about the deduction of tax planning (as opposed to financial planning) expenses. I always thought...
6 comments posted 3yrs
posted by spamtrap
6 comments posted 3yrs posted by spamtrap

Canadian Pension Account

The question has come up whether a Canadian RRSP (similar to an IRA or 401(k)) account that holds cryptocurrency, needs...
2 comments posted 3yrs
posted by spamtrap
2 comments posted 3yrs posted by spamtrap

Deduction for Zoning Changes?

A business owner has a 1000 square foot lot he has been using for parking. The Department of Transportation has come ou...
1 comments posted 3yrs
posted by spamtrap
1 comments posted 3yrs posted by spamtrap

501(c)3 with no physical office

I'm on the board of a small 501(c)3 organization, a public charity not a private foundation. We have no employees, and...
5 comments posted 3yrs
posted by the_stan_brown
5 comments posted 3yrs posted by the_stan_brown

Question about RMDs Required Min Distribution

If I make some withdrawals from my IRA and my age is over 59 1/2 but under 72, will those withdrawals go toward satisfy...
3 comments posted 3yrs
posted by makolber
3 comments posted 3yrs posted by makolber

S-corp and HSA

OP has an S-corporation. He gets health insurance through the marketplace. Every year he reports his gross income to de...
2 comments posted 3yrs
posted by hast1065
2 comments posted 3yrs posted by hast1065