3
votes
2answers
28 views
Sec. 119 - lodging provided for the convenience of the employer question
I have a client who is an Alaskan state trooper. he is required to live in state provided housing for the convenience of the employer. He has rent deducted from his pay as his port …
2
votes
1answer
13 views
S corp wages health insurance premiums attribution rules
Am I correct to add the health insurance premiums to wages for the son of an "S" corp owner due to rules of attribution for the stock ownership? The son owns no shares of his own, …
2
votes
1answer
307 views
Long Time Owner First time Home buyer credit
I have looked and looked and read everything I can find to date and can not find this specific situation defined. I realize there are still regulations to be written for this new c …
2
votes
2answers
36 views
Gain on Rental: How do I handle this situation?
I have an interesting question. I have a gal who recently received a gain on the sale of her mother's home. The home was "shared" by two sisters, however my gal has always let her …
1
vote
1answer
61 views
PA Income Tax on Employee Contribution to Retirement Plan
Some of you know far more about PA Income Tax than I--here is the real world hypothetical
As a condition of employment a $50,000 a year employee is required as a condition of empl …
1
vote
1answer
11 views
smllc now as s corp
I received acceptance from IRS for 2010 sub s status
but now considering pass through as smllc due to current fees/expense
arrangement
can i use a w-9 with disregarded entity …
1
vote
2answers
35 views
Home Health Care providers
I have a client who provides care for adults in her home under a state sanctioned program. I believe some of the payments she receives from government agencies may be exempt from …
1
vote
0answers
9 views
Maryland state refund on form 1041 estate tax
Is a state tax refund considered other income on Form 1041 (line 8) for an estate?
1
vote
1answer
31 views
Clergy Housing Allowance
Anyone have an opinion about whether to take clergy business expenses against their housing allowance to reduce SE vs. listing the clergy business expenses in the itemized deductio …
1
vote
2answers
16 views
What’s the right retirement plan for my small company?
I have a small consulting company with myself as the only employee and several independent contractors. I have a SEP-IRA to which the company has been contributing 25% of my salary …
1
vote
0answers
5 views
NYS transfer tax
Does a home owner have to pay NYS transfer taxes on both the buy side and sell side of a real estate conveyance?
1
vote
0answers
7 views
Section 501-c-6 non profit trade association
Are there any tax implications of a 501-c-6 association starting a chapter in Austalia if that chapter then pays to use the logo, etc.?
1
vote
0answers
7 views
Convertible Bond and Convertible Stock Interest
I have a client who has convertible bonds and the interest is being reported on a 1099-B. Is it considered long or short-term capital gains?
1
vote
0answers
10 views
Transfer of Property with Mortgage in LLC
I need help in sorting out whether this is a taxable event and how to handle the transactions that transpired. Below is the circumstance:
1) Six individuals transferred land with …
1
vote
1answer
36 views
taxation of VAT repayments
Are VAT repayments made following European Court of Justice rulings subject to UK corporation tax