Community Media Center of Marin will be broadcasting Financial Insider Weekly on Comcast channel 26 and ATT channel 99 at 7 p.m. Thursdays.
1099 isn’t final word for short sale or foreclosure
The 1099 form is just the starting point for reporting cancellation of debt income. This is one time that hiring a professional tax return preparer who is familiar with the rules can be a worthwhile investment.
New partnership form will be easy to miss or mess up
New federal partnership Form 1065, Schedule B-1 about partnership ownership is required for 2009 partnership income tax returns. In family partnerships, many partners could show up to 100% ownership because of "attribution rules".
Income Tax Problems of Same Sex Couples
Same sex married couples have different income tax filing status in California and other states. Michael Gray interviews Professor Patricia Cain of Santa Clara University for the details.