Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Turbotax User Forum on Internet?
Is there a Turbotax User Forum on the Internet? I do not see a good one on the Turbotax site. Thanks for any info! charliec
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Mistake on Form 1040
On my son's 1040 column 4 of the exemptions was inadvertently left unchecked for one of his kids. As a result the IRS sent a letter asking for further payment and interest. He sent in the explanation...
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SS query
OK, I draw SS. I also work and have other income. So I pay taxes on 85% of my SS income. Now, my wife will be drawing SS. She is 62. She did work, but has had no income for the past few years...
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Can I do this? IRA -> HSA -> me -> IRA?
It appears to me that I can ... - Take funds from an IRA, - Use that money to make an HSA contribution, - Do an HSA distro (reimbursing medical bills pd this year), - Put the money back in the IRA,...
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The IRS' Fast Track Settlement vs Fast Track Mediation
I'm trying to figure out the difference between Fast Track Settlement and Fast Track Mediation. The requirements for both fast track programs seem to be the same. As far as I can tell, the only...
 
I was paid a different amount than I requested for my Ira dist. Can it be corre
I asked for my distribution to be made out of three annuities and asked that income tax be deducted from each payment. When I received the checks, they had added the income tax to the amount of the...
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Do I get a tax rebate?
I currently work full time. I am also a photographer and I wish to do this as a sideline. If I register as a self employed photographer, as well as staying in my current job, would I get a tax rebate?...
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Non-Profit Corp without Exempt Status
I've been asked to serve as a member of the board of directors of a volunteer ambulance squad. The squad is incorporated under state law as a non-profit corporation, probably qualifies for tax exempt...
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Retaining homeowner capital gain exclusion
I know that homeowners can get a significant exclusion of capital gain arising from sale of the home. What happens when ownership is retained but owners have to move out because of medical or...
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C-Corp being shut down with an unpaid corporate income tax balance
I haven't run into this issue before because my clientele are never big enough to justify forming a C-Corp (some form S-Corps) for their businesses. But a new client has come to me, as the sole owner...
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Withdrawal of principal from a 529 plan
Just suppose ... I open a 529 plan for my granddaughter. In January of 2009-2012 I deposit $10000 per year into this plan, or $40000 total. It currently is worth $52000, my $40k and $12k have...
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Advice on lump-sum retirement withdrawl?
I'm seeking guidance on the trade-offs involved in withdrawing a lump sum from my retirement accounts for a home purchase. I'm 63 and plan to retire within two years, at which point I will sell my...
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Amortization refinance costs - IRC section for form 4562
When amortizing non-interest costs related to the refinance (not purchase) of a rental property, what is the proper "Code section" for form 4562, line 42, column (d)? Thanks!
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HSA and exchanges
I can't find any policies on my state exchange that specifically say they are HSA-eligible. Is there something to the policy that makes HSA-OK or is just meeting the deductible minimum and out of...
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Filing status as head of household for mother of adult son who is handicapped
My son is 33 and multiply handicapped and lives with me 24/7. He receives his father's Social Security Death Benefits monthly of 1,400. He has a Special Needs Trust that owns 1/2 the apartment and...
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