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One more topic! Me and my friends made an investment in one
Hi Barbara: One more topic! Me and my friends made an investment in one of the S Corps. The CEO cum promoter submitted a FS showing profit and issued K-1 ( though profits not distributed) . Me and my … read more
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I want to double check an issue related to an estate tax
I want to double check an issue related to an estate tax return I am working on. My understanding is that attorney fees are deductible on an estate tax return. This would actually make the income nega… read more
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LEV
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I am wondering if my accountant did not fill out my
I am wondering if my accountant did not fill out my fudiciary return properly. There was property sold out of my mothers estate. She passed away November 2015. The accountant told me I had to take the proceeds from the sale as income on my tax returns. I did. As this has been on my mind for quite some time now I have done a bit of research and am learning that I should only have to pay taxes between the fair market value and the selling price. Well the price actually had dropped after her death. I also see that form 8949 should of been filled out but I see it had not. Am I on the right track? … read more
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L have problem with my tax. on 2014 l received $ 2,041
HI. l have problem with my tax. on 2014 l received $ 2,041 dollars tax refund from state. on 2015 the person who did my tax supposed to report this state tax refund because it was taxable. now the sta… read more
Matthew Breecher
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I forgot to include a 1099-R on my 2015 taxes because I had
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Robin D.
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I bought a single family rental property in 2015. I took
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NC Tax Question - Taxpayer is a NC resident and on their
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Robin D.
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Pearl, what was the deadline dare fr k-1s to be mailed out
Pearl, what was the deadline dare fr k-1s to be mailed out or delivered from businesses to private investors? I am trying to get my 2015, on an extension, done before October 17th, 2016. I need my K-1… read more
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Do I need to report from a K-1 interest, dividends , and cap
Do I need to report from a K-1 interest, dividends , and cap gains held in an IRA? These K-1s are all from MLPs.… read more
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I have a 4 person Delaware LLC. We formed in late 2010 and
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Can Master Limited Partnerships be purchased in an IRA? Can
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I electronically submitted my 2012 Form 1040 a few days ago.
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3 people formed a partnership in July 2011 to purchase a bar
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In a posted articak about MLPs in a IRA you stated "When you
In a posted articak about MLPs in a IRA you stated "When you get distributions from your IRAs, then you will have a taxable issue with federal and state. But not at this time." does this mean that my … read more
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I hold 3 mlps in my ira account and I have aready filed my
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My 83 yo uncle died 8/08. As executor I filed a 1040 and 1041
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I am having to file an amended return due to a type B ...
I am having to file an amended return due to a type B reorganization of the S-Corp. The Corp is a multi-purpose medical center. My wife is a doctor there. I notice the name and the FEIN No. have been … read more
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