Taxes - My Tax Return

You only have to attach Form 1099 if there is any withholding listed on the 1099 form.
Do not attach your copies of Form 1099 to your tax return if no withholding is listed on them.
Keep them with your copy of your tax return.

There are five dependency tests that all must be met before you can claim a person as a dependent on your tax return.
The relationship, gross income, support, residence and joint return tests. Your father-in-law would qualify in the relationship test.
The relationship test includes child, adopted child, grandchild, stepchild, great-grandchild, brother or sister, son or daughter-in-law, father of mother-in-law, brother or sister-in-law, grand-parent, step-parent, stepbrother or stepsister, half-brother of half-sister, and blood relatives of uncle, aunt, niece or nephew.
Also included as a dependent is a foster child if he or she is a member of your household for the entire year except for temporary absence. Speak to your local CPA if you have a question about the relationship or the other four qualifying tests of claiming someone as a dependent on your tax return.

Income averaging is only available for farmers or Fisherman. Farmers are individuals, partnerships, corporations or syndicates that cultivate land, or raise or harvest any agricultural or horticultural commodity either as owners or tenants. A farmer may elect to average the current year's income over the three prior years using IRS Schedule J. Income averaging may not be elected by estates or trusts. Speak to your local CPA if you are a farmer or fisherman who is considering income averaging as a tax strategy.

No. Sick leave payments for NYC line-of-duty injuries are non-taxable.

Yes. Unemployment benefits are fully taxable and should be included on your personal tax return.

NO. Funeral expenses, including the funeral, burial or cremation costs, are deductible on the decedent's federal estate tax return, Form 706.

In most cases NO. The Taxpayer Relief Act of 1997 changed the law for the alternative minimum tax due for corporations. For entities whose tax year began after 12/31/97, a "Small Corporation Exemption" was created. A corporation is treated as a small corporation exempt from AMT for its tax year beginning in 1999 if that year is the corporation's first tax year in existence or its average annual gross receipts for the 3 year tax period ending before 1999 did not exceed $7.5 million (5 million if the corporation had only 1 prior tax year). You should speak to your local CPA about the "Small Corporation Exemption" and special rules that apply in determining gross receipts.

NO. A Publically Traded Partnership whose interests are traded on an established securities market. Passive activity losses from a Publically Traded Partnership can only be used to offset income or gain from passive activities of that same Publically Traded Partnership. The losses cannot be used to offset income of other entities.

A number of states have community property laws mandating that each spouse legally owns half of the income and property of each other, even if legal title is held by only one spouse. Your tax return preparation is affected by whether you live in a community property state. We recommend you contact a CPA in your area for additional information on how these rules effect you directly.