Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Calculating IRA rmd
I have a IRA, and my sister is the named beneficiary. Next year I will be 70 so I've been investigating the RMD calculation. I've found the actuarial tables online to do the calculation but have been...
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new young widow - joint acct logistics
Following along in this family saga.... my wife's sister's husband was recently killed in a car crash. Wondering about the logistics of all the existing financial accounts, which all are setup as the...
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Charitable Donations In Foreign Countries
Hi, We live in Latin America, Costa Rica & Ecuador. Here, there are no shortage of worthwhile causes to which to donate. Our favorites are the local volunteer fire department and the local home for...
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Net Invetment Income tax and the AMT
Am I correct in thinking that those taxpayers who will be paying the Net Investment Income tax (3.8% to pay to pay for the health care "savings") will be less likely to be hit by the AMT, since the...
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ACA question
We are a small business, fewer than 10 full time equivalent employees incorporated in New York with employees who want insurance in NY and New Mexico (we also have employees in CT and MD, though they...
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Question about wash transactions...
Would selling one index fund and then buying a similar index fund be considered a wash transaction?
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401(k) mandatory withholding?
As I understand it, any withdrawal from a 401(k) requires a 20% Federal tax withholding. And if one separates from their company, post-50, there's no penalty for early withdrawal. A dry run of 2014...
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Client can't pay past due state taxes and is already under federal tax installment agreement
Hello, I am re-posting this because apparently the last time I posted the subject line was too long for people to read. Here is what's going on - Client is a somewhat successful self-employed real...
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Can I have a HCFSA through my employer AND can my spouse do the same?
is there a limit to a family's Healthcare Flexible Spending elections? Can I enroll in a HCFSA for $2500 with my employer and can my spouse do the same thing? But use the money for different qualified...
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1099 from the sale of inherated property
We just received an updated 1099 for property that was sold as part of a parent's estate in TY 2012 My understanding was that as part of an estate of low value the sale proceeds would not be subject...
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How do I take this loss?
I am aware I am foolish; it will not be helpful to tell me that... 13 years ago I lent a company $100,000. They gave me $200,000 worth of gems as collateral; our agreement was that a jeweler I had...
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Partial annuity redemptions
Annuity contract purchased in 1999, cousin would like to make a partial redemption. Approximately 1/3 of total value. How is this taxed, part initial contribution? tks all.
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UBTI - royalties from mineral rights
According to the conclusion in Rev. Rul. 69-179 ( income from a mineral interest is subject to taxation when the organization (in this case a private foundation) is liable for the operating expenses...
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IRS PTIN Renewal Process is partially down.
I have been told (when calling the IRS PTIN line) that the payment subsystem is currently down. People can still input changes or start applications, but cannot complete the process by paying the user...
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Refund Delay?
I made a mistake on my 1040, and the IRS correctly fixed it. In a letter dated August 26 I received notice of the corrected refund. Since then nothing. It has not appeared in my bank account. "Where...
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