Unanswered Questions

3
votes
2answers
29 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
321 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
41 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
0answers
7 views

Tax Home not residence and per-diem

I would appreciate any cites anyone may have on this. I have a client who is an employee of a large discount chain. He is a truck driver. The company provides the truck. Compens …
1
vote
0answers
13 views

2009 or 2010 College Expense?

Student transferred to a new school starting January 2010 and is attending full-time. Tuition was billed and paid in December 2009. Student received a 2009 1098-T showing the tui …
1
vote
0answers
12 views

Recapture ramifications of electing181 film deduction (for partnership) vs straight line amortization?

HAS anynone expereinced this already- recapture from 181 film election in prior years? Section 181 (runaway tax provision up to $15M) for films/TV productions has been around sinc …
1
vote
0answers
20 views

Merchant cash advances

How are you treating merchant cash advances (i.e. cash advance coupled with a fee which is subsequently repaid by the provider taking a percentage of credit card receipts) for tax …
1
vote
1answer
15 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
82 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
2answers
36 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
1answer
32 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
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
8 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
13 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 …

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