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I am a grad student at the U of WI in Madison, WI, and work

I am a grad student at the U of WI in Madison, WI, and work during the school year as a teaching assistant. Last summer I spent 10 weeks in Washington D.C. interning with the Department of Justice (paid internship, W-2 received). I am continuing the internship during the school year back at Madison and also continuing to teach. Can I deduct travel (mileage), meals (federal M&IE rate) and cost of lodging while in D.C.?

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Three siblings inherited a promissory note tied to a

Three siblings inherited a promissory note tied to a installment sale with annual payments that were filed on form 6252. The payments are now divided into thirds. Do we each file 6252 for our share?

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Last year 2016 we paid off a IRS bill from a now closed

Last year 2016 we paid off a IRS bill from a now closed corporation for trust money employ payroll deductions in the amount of $26,000 principle and $6,000 interest. In any way can this be a deduction on our taxes? This was a business we lost in 2008 when the economy went bust. We also lost everything else.

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My brother got killed in the marines f4om bomb killing 242

Hello my brother got killed in the marines f4om bomb killing 242 service men, and we all won and won lawsuit, wrongful death damage. So we want to know is this taxable or not.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Just want to know do I pay taxes on money I received from lawsuitJA: Is there anything else important you think the Accountant should know?Customer: No that's all

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My wife and refinanced our home and we used part of the

My wife and refinanced our home and we used part of the money to pay off a HERO loan to CIT BANK, we use 19,281.48. Is it possible to deduct a % of that payment as a refund?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: We file together jointly, no dependents, I am a pastor, I also qualify for a parsonage exclusion.

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How do I report the sale of rocks sold from our land?

How do I report the sale of rocks sold from our land? capital gain sale of an asset? ordinary income (sch c) sch e? depletion?JA: The Accountant will know how to help. Please tell me more, so we can help you best. Is there anything else the Accountant should be aware of?Customer: Land was purchased over a year ago. Now exploring the possible sale of rocks which would be for landscaping etc. from this land. Wondering about the income tax on any sales.

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What are the IRS requirements for charitable donees to send

What are the IRS requirements for charitable donees to send acknowledgement letters to donors? Is there some de minimis amount received below which the donee organization does not need to send acknowledgement letters? What is the deadline for sending the acknowledgement letters to the donors?

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Tax question Do wash loss rules apply when the stock is sold

Tax questionDo wash loss rules apply when the stock is sold outside of a retirement account and rebought in a retirement account? Please cite irs code with example computation if applicable

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I was wondering when a estate is being inflated. do you just

Hi. I was wondering when a estate is being inflated. do you just take half of the value of the property? Like if joint bank account has 200,000 do you just inflate the net estate by 100,,000 & then do you have to minus it again? Thank you

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Lane

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