Taxes General Forum

When does a gift occur?

Does a gift take place in the year the check is written, when the check is given to the recipient, or when the recipien...

1 comments posted 9yrs

posted by wade

1 comments posted 9yrs posted by wade

Quick reference guide for Texas taxes

Does anyone know good Quick reference guides for tax preparers for Texas taxes, similar to TaxBook or QuickFinder?

3 comments posted 9yrs

posted by mycpacha

3 comments posted 9yrs posted by mycpacha

LLC filing as S-Corp wants to convert back to a single-member LLC - possible without starting fresh?

Hello, I haven't had much luck in getting an answer from the IRS on this one and I have researched around without anyth...

7 comments posted 9yrs

posted by caj11

7 comments posted 9yrs posted by caj11

1031 exchange question

can a taxpayer relinquish a piece of real estate and qualify for 1031 treatment if the replacement property is an improv...

5 comments posted 9yrs

posted by nospamplease

5 comments posted 9yrs posted by nospamplease

Simple IRA and Traditional IRA

Hi, My company offers a simple IRA with 2% salary contribution. In 2014 total contributions to the simple IRA was only...

2 comments posted 9yrs

posted by randyfeingersh

2 comments posted 9yrs posted by randyfeingersh

Sold 1 investment house to buy another and 1031 exchange wasn't done

I sold a 2 family house to buy a 4 family house, but the attorney didn't apply for the 1031 exchange. If the 4 family h...

4 comments posted 9yrs

posted by donnamw1234

4 comments posted 9yrs posted by donnamw1234

investment exchange

what happens when 1031 is not done on an investment exchange?

2 comments posted 9yrs

posted by donnamw1234

2 comments posted 9yrs posted by donnamw1234

Financial advisor fees

My question concerns the miscellaneous itemized deductions on Form 1040 Schedule A. (I understand that only the part ab...

5 comments posted 9yrs

posted by the_stan_brown

5 comments posted 9yrs posted by the_stan_brown

Substantial Presence Test

The US has a "substantial presence test" that should be used by a non US citizen to establish if they have an obligatio...

4 comments posted 9yrs

posted by persistentone

4 comments posted 9yrs posted by persistentone

commuting mileage

TXPYR drives from his home in his car to a WHSE where he is paid to deliver small pkgs. TXPYR is self employed and will...

12 comments posted 9yrs

posted by bh2os62

12 comments posted 9yrs posted by bh2os62

How The TAx Court Can Easily Make A Mistake In the T/P Favor

See Tsehay vs Comm'r, 11/3/16 http://www.ustaxcourt.gov/UstcInOp/OpinionViewer.aspx?ID997 The court ruled that the t/p...

1 comments posted 9yrs

posted by tempuser

1 comments posted 9yrs posted by tempuser

sale of vacant land

TXPYR bought a vacant lot to build a home on. The home never got built and sold the lot at a loss. Can TXPYR claim the l...

10 comments posted 9yrs

posted by bh2os62

10 comments posted 9yrs posted by bh2os62

Adjustments to basis on land?

I finally sold some undeveloped land after 7 years. There is a covenant that all the properly owners would split the co...

13 comments posted 9yrs

posted by wade

13 comments posted 9yrs posted by wade

Simple or Complex trust

I am the fiduciary of my fathers trust. He died in 2006. In this trust is a land lease that receives $4500 a month in r...

4 comments posted 9yrs

posted by whiskers222

4 comments posted 9yrs posted by whiskers222

NYS Estate Tax Cliff?

If you go over the exemption amount, NYS charges estate tax on the entire estate; not just the amount over the limit. I...

8 comments posted 9yrs

posted by wade

8 comments posted 9yrs posted by wade