Taxes General Forum

Pay Back Disability?

New client has a daughter that has been drawing SS Disability for a number of years. Mother needs to file several years...

2 comments posted 10yrs

posted by bllybb2

2 comments posted 10yrs posted by bllybb2

Fillable PDF tax forms now "tax software" for e-file mandate?

Here's a question that has been posed to me in the last week by several people who do their own New York tax returns on...

11 comments posted 10yrs

posted by crushank

11 comments posted 10yrs posted by crushank

Claiming a dependent

My 21 yr old son was pretty much independent in 2015. I paid only for his health insurance. Question 1. He ask me, do I...

0 comments posted 10yrs

posted by nojunk

0 comments posted 10yrs posted by nojunk

Contribute to a Roth; Then Take Distribution; All To Get Form 1040 Credit?

Can a lower income client (say about $15,000 of Sch C reported net income in 2015) open a Roth IRA right now; contribut...

1 comments posted 10yrs

posted by honda.lioness

1 comments posted 10yrs posted by honda.lioness

Child Support

nephew's son lives with him for past 3 years, nephew claims him as a dependent, son's mother is paying full cost of col...

8 comments posted 10yrs

posted by bh2os62

8 comments posted 10yrs posted by bh2os62

Is an engagement ring subject to gift tax?

The bazillion dollar engagement ring given to Mariah Carey got me to wondering if there would be tax on the gift. One a...

5 comments posted 10yrs

posted by rodneyfarber

5 comments posted 10yrs posted by rodneyfarber

Can I correct excessive state tax deduction?

I made an excessive state tax estimated payment at the end of 2014. My income is highly variable, and I had a very high...

0 comments posted 10yrs

posted by macaban230

0 comments posted 10yrs posted by macaban230

Is there a way to correct excessive state tax deduction taken?

At the end of 2014, I realized I missed some state estimated payments. My yearly income is highly variable and 2014 was...

1 comments posted 10yrs

posted by macaban230

1 comments posted 10yrs posted by macaban230

Form 1099-MISC 2015

Received first Form 1099-MISC 2015 for Indian Gaming Casino with disclosure attachment: For all 1040s completed for Min...

4 comments posted 10yrs

posted by Robert M Coleman, CPA

4 comments posted 10yrs posted by Robert M Coleman, CPA

1099 But Not Income

I received a 1099 for $6600 from American Express. The backstory is that they sent me a refund check for $1600 which wa...

1 comments posted 10yrs

posted by dontspamme

1 comments posted 10yrs posted by dontspamme

1031 exchange of real property used in a business operation

A family (now a variety of cousins) owns real property and a long established lodging business using the property, run...

0 comments posted 10yrs

posted by pleasedonot

0 comments posted 10yrs posted by pleasedonot

Filing tax in 2 states

I moved to CA from MA in June of 2015. I work for the same company. I actually left MA on June 12, drove across country...

14 comments posted 10yrs

posted by rogermccarrick

14 comments posted 10yrs posted by rogermccarrick

Real estate refund; what do I do with it.

NYS send me a check, saying my real estate tax was in excess of the allowed tax cap. It does not say which tax, which p...

8 comments posted 10yrs

posted by *

8 comments posted 10yrs posted by *

Credit Card From Offshore Institution

If I get a credit card from an overseas institution, do I have to report it on IRS form 8938 or the FBAR? The credit car...

12 comments posted 10yrs

posted by nospam

12 comments posted 10yrs posted by nospam

Medical mileage

A question just came up that I'm curious about. The medical mileage deduction is less than the standard mileage deducti...

7 comments posted 10yrs

posted by spamtrap

7 comments posted 10yrs posted by spamtrap