1
vote
1answer
69 views
Sch K-1 Form 1040 for 2009 received for decedent whose final return was filed in 2008
My question is in regard to a 2009 Sch K-1 Form 1040. The amount of $3033 is entered on Line 11 with a Code A indicated. I see that this is an excess deduction and should be ente …
4
votes
9answers
110 views
Pennsylvania taxes withheld on FL employee
This is bizarre and I wanted to ask if anyone else had this come up with Paychex. Employee is living and working in FL for a PA company, working from home (non statutory employee) …
1
vote
3answers
307 views
Difference between Schedule C and 1040 Other income
When do you use Schedule C for income/expense and when would you use Form 1040?
3
votes
6answers
305 views
election for single member llc to taxed as corp
Single member LLC formed Jan, 2008. Filed 2008 tax return as disregarded entity on Form 1040, Sch C., will do same for 2009. Form 8832 was not filed, used the default rules. Now …
1
vote
3answers
72 views
Loss on sale of personal home with no income
Please could you explain to me if the personal home was sold with loss and there were no income (salary, interests, etc) or other actions (any deductions) at all during the year, s …
3
votes
6answers
137 views
New Car Sales Tax Deduction - Car Sold
is there any restriction on taking the new car sales tax deduction if the car is sold before the end of the year?
I read the law (http://www.gpo.gov/fdsys/pkg/PLAW-111publ5/html …
3
votes
5answers
83 views
For ELF Returns, Do W-2s need to be attached to the 8453?
I've encountered several people that seem to think the filing copies of the W-2s must be attached (i.e., stapled) to the Form 8453 (if paper copies are being retained). As far as …
2
votes
3answers
130 views
1099 was issued to S-Corp
I could use a little help with this one...
An S-corp invested monies with a brokerage firm and recieved a 1099 for interest and dividends.
I have done many S-corp returns (for ot …
1
vote
4answers
99 views
Required minimum mistribution (RMD) issued after death. Record on 1040 or 1041?
Quick question:
A taxpayer passed away in early 2009, before taking her 2009 RMD (required minimum distribution). The personal rep distributed it two months later. Should the di …
2
votes
1answer
26 views
Residential Energy Credit
An individual purchases a qualified stove for the energy credit in 2008, but does not place it in service until 2009. Will any part of the cost qualify for the credit?
