TaxConnections

Ask Tax Question
Will Me Claiming A Person Waiting For Approval Of Ssi/disability Affect Their Backpay If I Get A Deduction For Them As A Dependant?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

The SSI program provides benefits to disabled people who don't qualify for regular disability benefits. The benefit amount is a flat $733 a month as of 2016, but SSI is a means-tested program. The person's...   Read More
0 0 1099-MISC
Form 8829, Part III, Line 36. Must This Number Remain The Same Each Year?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

That line should reflect the correct value, but it may not be the fair market value. You should use your cost basis or the fair market value as of he date you began use as a home office, whichever is lower. Either...   Read More
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, the Internal Revenue Service (hereinafter the “Service”) issued on March 24 of 2016 their Announcement 2016-14 addressing the transition period implementation dates in connection with the recently revised...   Read More
User Photo John Manning
Tax Professional Level: Tax Enthusiast

Whether a product will qualify depends on whether production activities in the US are "substantial in nature." US activities can be substantial in nature even if a significant amount of production occurs outside...   Read More
User Photo Larry Stolberg, CPA, CA
Tax Professional Level: Tax Enthusiast

The Canadian Income Tax has various foreign reporting forms, not much different from that of the U.S. foreign information returns, with penalties attached for not filing. With regards to non-resident income areas...   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Not necessarily. If you purchased it and placed it in service in January, then the depreciation would be the same amount each year. If not, then the depreciation for the first year is based on the number of months...   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

The LLC should have issued a K-1 form to each member. On that form will be the information that you should include on your own personal 1040. Since you have already filed your return, you will have to submit a Form...   Read More
User Photo Maurice Glazer, CEO
Tax Professional Level: Tax Enthusiast

All accounts over $10,000 have to be recorded on Form 114 via eFile called a FBAR. Don't forget to check Schedule B that you have a foreign bank account and what country it is in no matter how much.   Read More
User Photo John Dundon, II EA
Tax Professional Level: Tax Wizard

Fin CENN 114 through the BSA efiling system found here -> http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html For more details check out this post -> http://www.johnrdundon.com/fincen-114-report/ or...   Read More


Meet Leading Tax Advisors

User Photo Kathryn Morgan

Bossier City, Louisiana, USA

Enrolled Agent, Master Tax Advisor

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

User Photo Steven Potts JD EA IAR

Fullerton, California, USA

Principal

User Photo Devon McCarthy FCCA, EA

Sanford, Florida, USA

President

User Photo Caran Ebert, CPA

Topanga, California, USA

Tax Advisor

User Photo Lisa Nason CPA, MST

Greenville, South Carolina, USA

Managing Shareholder

User Photo Gary Carter, PhD, MT, CPA

Edina, Minnesota, USA

President

User Photo NEERAJ BHATIA, CPA

Santa Clara, California, USA

Tax Principal - President

User Photo Bill Robinson, CPA

Chattanooga, Tennessee, USA

Owner

User Photo Hugo Van Zyl

Stellenbosch, South Africa

Exchange Control & Master Tax Practitioner (SA)

User Photo Douglas Stransky

Boston, Massachusetts, USA

Tax Partner, International Tax

User Photo Larry Stolberg, CPA, CA

Toronto Mississauga Oakville Burlington Hamilton, Canada

Tax Specialist

User Photo Dr. Daniel Erasmus

West Palm Beach, Florida, USA

Managing Partner/EMEA

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Log into Tax Connections

Not a member?    Register Now For a Free Account
I've forgotten my password
Contact Us Today