Taxes General Forum

Student Loan Interest

If student loan interest is forgiven legally, is the amount considered taxable? bw

6 comments posted 10yrs

posted by bh2os62

6 comments posted 10yrs posted by bh2os62

Am I responsible for State Taxes?

I am originally from California. As a student, I used to file CA FTB taxes. I had little income. In 2014 I was an under...

2 comments posted 10yrs

posted by suegardner1000

2 comments posted 10yrs posted by suegardner1000

Employer missed 401k contributions - what to do on tax return?

I participate in a 401K program at my place of work. The program offers 100% match up to 3% of salary, and I am a parti...

3 comments posted 10yrs

posted by guildguitars

3 comments posted 10yrs posted by guildguitars

2 Form 1098-Ts and Scholarship income

Facts: 21-year old student has two 1098-Ts from 2015. First one is from undergraduate, as he finished undergraduate in...

2 comments posted 10yrs

posted by adwagner

2 comments posted 10yrs posted by adwagner

Student Dependent Deduction

My wife and I file a joint IRS 1040 return. Our 32 year old daughter decided to change careers in late 2014. She gave u...

1 comments posted 10yrs

posted by Jwisnia18

1 comments posted 10yrs posted by Jwisnia18

Medicare Part A

Is someone whose only medical insurance Medicare Part A considered covered as far as federal income tax is concerned? I'...

1 comments posted 10yrs

posted by larry.israel100

1 comments posted 10yrs posted by larry.israel100

IRA for real estate questions...

Hello, Is there any way I can use a distribution from an IRA and not have it income taxed? I'm not talking about the "1...

2 comments posted 10yrs

posted by jack.hubler

2 comments posted 10yrs posted by jack.hubler

Spousal Traditional IRA Contrib in year of 70 1/2 uncertainty

Married couple w/earned income. Non-working spouse is 70 1/2 in September (2015) and 1st RMD is due by following April...

4 comments posted 10yrs

posted by NotMe

4 comments posted 10yrs posted by NotMe

Form 6251 - Alternative Minimum Tax - Individuals

This question relates to the 2015 filing year. Am I correct in believing that as a rule of thumb for this form I don't...

1 comments posted 10yrs

posted by nospam

1 comments posted 10yrs posted by nospam

K1, Box 11 "Final Year deductions/Excess deductions" New York State.

I got a K1 today from a bank that had a trust on my father. The only entry is box 11. It has an "A" and the number 4,95...

0 comments posted 10yrs

posted by *

0 comments posted 10yrs posted by *

Sale of Sole Proprietorship Business

Hello, If a cash basis sole proprietor business owner sells his business in December 2015 but pays some expenses (being...

4 comments posted 10yrs

posted by vj445

4 comments posted 10yrs posted by vj445

Form W-7 & "resident" tax return

A F-1 Visa student with no SSN is filing a resident Form 1040 by election. Can Form W-7 be accepted by the IRS if he app...

4 comments posted 10yrs

posted by mycpacha

4 comments posted 10yrs posted by mycpacha

election statement for a single nonresident alien to be treated as a resident alien

Is an election statement required to be attached for a single nonresident alien to be treated as a resident alien? Not a...

0 comments posted 10yrs

posted by mycpacha

0 comments posted 10yrs posted by mycpacha

Enron 1099B

I received a 2015 1099B showing my long held ENRON stock as a capital loss for 2015? Can the loss be utilized for 2015 e...

5 comments posted 10yrs

posted by Silverstein

5 comments posted 10yrs posted by Silverstein

Filing FBAR Electronically

I am having troubles submitting my FBAR electronically. I keep on getting an error window saying that I have to be logg...

2 comments posted 10yrs

posted by nospam

2 comments posted 10yrs posted by nospam