Taxes General Forum

Employer ID changed, what about pension plans?

I changed the form of my one person company from an S-Corp to a sole proprietorship. The IRS issued me a new Employer I...

0 comments posted 10yrs

posted by ameyer2

0 comments posted 10yrs posted by ameyer2

Form 941, Part 1, Line 1

Line 1 of Part 1 of Form 941 asks for: Number of employees who received wages, tips, or other compensation for the pay...

3 comments posted 10yrs

posted by xyz

3 comments posted 10yrs posted by xyz

Good small property owner guide to final Tangible Property regs?

I know this is a little late, given that things went into final effect 1/1/14 :), but any suggestions on a guide to the...

1 comments posted 10yrs

posted by rlc-news

1 comments posted 10yrs posted by rlc-news

repair expense question

Trying to wrap my head around the new regulations... In one of my buildings I did some electrical work in one unit - I...

0 comments posted 10yrs

posted by way222

0 comments posted 10yrs posted by way222

taxes when selling property and improvements made to property the same year it was sold

I have a question regarding taxes when selling property. On the California form there is a line 10 593-e stating costs...

1 comments posted 10yrs

posted by tanyarosss2

1 comments posted 10yrs posted by tanyarosss2

When Return of Capital exceeds the principal in an IRA account

Say I own a CEF (closed end fund) and at some point the return of capital exceeds the original cost basis of the fund....

1 comments posted 10yrs

posted by odiegoogle

1 comments posted 10yrs posted by odiegoogle

Safe Harbor for Small Taxpayer question

Can I choose not to count an expense if it would put me over the 2% safe harbor amount? Example: I have a building with...

4 comments posted 10yrs

posted by way222

4 comments posted 10yrs posted by way222

I never thought having too much income would be a problem

I am a 70 year old woman. I am currently working, but beginning next year I will not be. That means i will have to star...

5 comments posted 10yrs

posted by jblatz2

5 comments posted 10yrs posted by jblatz2

What does the term "members draw" mean on a balance sheet?

Google doesn't seem to have anything on this. I looked at a balance sheet that has members draw as a entry under equity...

1 comments posted 10yrs

posted by *

1 comments posted 10yrs posted by *

Safe Harbor for Small Taxpayer election wording for rental property

In order to claim the Safe Harbor for Small Taxpayer election, the statement must be titled, "Section 1.263(a)3(h) Safe...

1 comments posted 10yrs

posted by way222

1 comments posted 10yrs posted by way222

Any Penalty on Under Withholding if Under $1000?

For 2015, my monthly withholding total for all of 2015 on my 1099-R will be about $3800 but my tax due will be about $4...

2 comments posted 10yrs

posted by njoracle

2 comments posted 10yrs posted by njoracle

Deceased Royalties

I'm working with a client whose spouse passed away 2 years ago. Deceased spouse received royalties for copyrighted mate...

1 comments posted 10yrs

posted by greg.chilcote

1 comments posted 10yrs posted by greg.chilcote

California FTB demand seems unreasonable

I am a CA resident. I purchased a very small local existing business in FL. Everything is done in FL. No business whats...

1 comments posted 10yrs

posted by avacohen100

1 comments posted 10yrs posted by avacohen100

Question on 1031 exchange

I would like to do a 1031 exchange. I want to sell our rental home which is in my husband's name and mine and buy a com...

9 comments posted 10yrs

posted by suegardner1000

9 comments posted 10yrs posted by suegardner1000

Question of Long Term Capital Losses and Gains

Question of Long Term Capital Losses and Gains I have some "large" long term capital losses accumulated from many years...

5 comments posted 10yrs

posted by irfanroberts

5 comments posted 10yrs posted by irfanroberts