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Virginia Additions to Income

be reported under the installment method from certain dispositions of property. If, in a prior year, the taxpayer was allowed a subtraction for certain income from dealer dispositions of property made on or after January 1, 2009

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be reported under the installment method from certain dispositions of property. If, in a prior year, the taxpayer was allowed a subtraction for certain income from dealer dispositions of property made on or after January 1, 2009, in the years

Form 2210- Underpayment of Estimated Taxes

% in the criteria outlined above. This rule does not apply to farmers or fishermen. Penalty figured separately for each required payment : You may incur more than one penalty, as the penalty is figured separately for each installment due date

Virginia Deductions from Income

on a schedule VK-1 you received from an S Corporation. If you chose to accept payment in installments, the gain from the installment received in the preceding year may be deducted. If, however, you opted to receive a single payment, 10% of the gain

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in installments, the gain from the installment received in the preceding year may be deducted. If, however, you opted to receive a single payment, 10% of the gain recognized for federal purposes in the year that the payment was received may

Indiana Homeowner's Residential Property Tax Deduction

installment this year for your 2015 property taxes, use the amount paid for that installment. Sometimes mortgage companies pay the Indiana property tax from an escrow account. If you mortgage company pays it, they should send you a Form 1098 (or its

Interest You Paid - Overview

interest paid on a loan to purchase a car for personal use, credit card and installment interest incurred for personal expenses. Items you cannot deduct as interest include points (if you are a seller), service charges, credit investigation

How and when is the First Time Homebuyer Credit repaid?

a professional to determine the tax consequences of a sale. * If you transfer your home to your spouse, or, as part of a divorce settlement, to your former spouse, that person is responsible for making all subsequent installment payments.

Vermont Payments

of the proceeds, you will need supporting documentation . For installment sales : You must report the balance of your gain to VT on future returns or elect to pay Vermont 6% tax on the entire gain in the year of the sale. If you choose the 6% tax, you

Massachusetts Additions to Income

through 8 or Schedule X, lines 1 through 3 must be reported in line 4 of Schedule X. * Pre-1996 installment sales classified as ordinary income for Massachusetts purposes (from Massachusetts Schedule D, line 10) are taxed as 5.15% income