Naila Ahmad

My client is a retired person from UK. He is green card holder, and now settled in USA. Now he receives pension from UK. I am not sure how to handle this case. If any one In ILL who is expert in this kind of case, I will be happy to refer this clent to him. My e-mail adress is; [email protected]. Please respond as soon as possible. I will appreciste it.

1-My client is US resident, he was in Canada for couple of years before he came to USA and now he gets some income from his pension plan as a non-resident of Canada. How and where this income has to be reported on his 1040. 2- My other clint is green card holder but he is a resident of England. Now he is settled in USA and receives pension income from England, taxes are withheld from this income . Do i have to report this income and where? Any help will be appreciated.

My client is full year Indiana resident, but he has a rental property in IL. for IL i file as nonresident and for Indiana as full year resident. he has loss from rental property located in IL . when i do Indiana tax return, it picks up federal adjusted gross income that includes loss from ILL rental property. I think his Indiana income should be more than his federal adjusted income . I couldn't see any way to increase his Indiana income . Can someone please help me out. Thanks.

I created a LLC for my clint in 2007. at that time he wanted to have two partners in his LLC, so I mentioned two names in the articles of organization and chose it as member managed. Now he says that one of the partners has walked out. My question is, can I just use schedual C to repart its income or loss ( treat it as disregarded entity) or do I have to file form 1065 with one partner as 100% owner and the other as 0%. Any help will be appreciated.

My client had a rental property under a partnership from 1995 till 2006. Now he has swiched the same property under a new LLC. An attorney has done this job for him. Do I have to show this transfer as a sale of property from one partnership to another? and recapture accumulated depreciation for all those years as regular incom on the tax return of old partnership. how I am going to report depreciation expense in new LLC, will it be as its first year the property was put into service. Any help will be appreciated.

My client had a car under her S-coprations's name and depriciated it over its whole life. Now she donated the car to national kidney foundationand they sent her a letter that the car was sold for $950. Can I take the deduction for this contribution, where and how? the letter has client's S.S # on it. Any help will be appreciated.

Julie, I think you are right that expenses should be allocated according to the flow of funds, but the problem is that my client took the loan against the rental property and loaned the amount to his corporation to do business. So I don't know how he can claim this interest expense in Schedule C. and since it is under his S.S#, how can he deduct interest expense for his corporation. I think I was not clear enough in my first posting.

My client has a rental property which he reports on Schedule E. He has regular mortgage and a line of equity on that rental property. he has invested the line of equity money in another business that has nothing to do with this rental property. My question is , can he deduct mortgage interest paid on the line of equity on schedule E? if yes , can I just add this interest expense with his qualified interest expense. Any help will be appreciated.

My client owns two houses. none of them is a rental property. My client lives in one house and her parents reside in the other. parents pay the mortgage and property taxes on the house they live in, but the loan is in my clients name and her S.S # is on the 1098 form. My question is , can she take the deduction for mortgage interest and property taxes for both the houses, if yes how she will report this deduction on schedule A. If not, can her parents take this deduction even though their name and S.S # is not on form1098. Any help will be appreciated.

I have filed 1040A with HOH as filing status. Qualifying person is the son , who is also dependent of this custodial parent. It got a rejection error for e-filing stating that Qualifying name for HOH and SSN for qual name should be given. my question is. do i have to give the name and SSN of the qual person on Line 4 even though he is a dependent? and in which format it has to be. I will appreciate any help.