Latest threads in Taxes General Forumshow only best voted threads
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Is this what Congress really intended?
Is this what Congress really intended? I just completed my 2012 tax return. 2012 was my first year of retirement. My tax situation for 2012 was as follows: Pension withdrawal: $25,000. Taxable Social...
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10 years ago
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1031 exchange and Capital Gains tax rates question.
Questions on 1031 exchange. 1.I am selling my restaurant and in the process of building another one. My current restaurant is operating as an S Corp... The price allocation indicates that Furniture,...
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10 years ago
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I want to report my former boos for tax evasion/fraud as I did all of his books,
file IRS Form 3949 A to report my former bossfor tax evasion/fraud. I did all of his bookkeeping, billing, banking, etc. He had me make large bank deposits with Comcheks from thousands of dollars he...
2
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10 years ago
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2 | |
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401(k) rollover to Roth IRA
Can I rollover a 401(k) to a Roth IRA with no tax consequences. Since I can never keep straight what is pre-tax and what isn't and how that impacts for a Roth, I thought I'd ask. If there are tax...
8
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10 years ago
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8 | |
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What is the statute number regarding the 15% rate for qualified dividends and long-term capital gains?
The subject says it all: What is the statute number (i.e. code section) regarding the 15% rate for qualified dividends and long-term capital gains?
2
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10 years ago
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2 | |
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deduction limits for OIH, not for profit activities, etc
In a number of areas on the income tax return (OIH, not for profit rentals, hobbies), we must take deductions by category in the following order (see pub 535, for example). 1) items that would be...
8
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10 years ago
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8 | |
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How to become non resident of a State for tax purposes?
How to become non resident of California for tax purposes? If one were to move out of California say to AZ or FL...and earn an income in the new state how can one prove to the CA Franchise Tax Board...
3
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10 years ago
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3 | |
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Taxes due for an IRA with Estate as neneficiary
Both my traditional and Roth IRAs have Our Estate as beneficiary. When the IRA owner dies the Remaining spouse gets the to inherit the IRAs into the Estate Trust. When are the taxes on the traditional...
8
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10 years ago
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8 | |
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ESA tax reporting for college expenses
My son is off to college in the fall and I am paying the first semesters room and board with his ESA account. How do I report this on my (or maybe his) 2013 tax return?
1
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10 years ago
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1 | |
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Question on CA resident with income from states
Question on CA resident with income from states What are the rules for a California Resident (for Tax purposes) with income from other states? If one has income from Florida...does one have to pay...
5
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10 years ago
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Advice for RMD monies
I will be 70 next year. I will be getting my Required Minimum Distribution which will push me way into a new tax bracket. I am still working so I do not need this money to live on at the moment,...
8
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10 years ago
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50% penalty for missed RMDs on inherited IRA
If a non-spouse inherits an IRA and fails to take the RMDs each year, I understand there's a 50% penalty. And there's also a form 5329 to request a waiver. Anyone have experience with that form? Is...
8
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10 years ago
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8 | |
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Roth five-year rule on conversion accounts
I am over 60 and am confused by the 5-year rule on Roth IRAs as it relates to conversions from regular IRA to Roth. My understanding is that on a contribution IRA, since I am over 59.5, I would not...
3
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10 years ago
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Laser therapy device tax deductible?
I have been getting cold laser treatments from my chiropractor. They are not covered by insurance but they are tax deductible. I decided to buy my own device. It's not as strong as my chiro's or as...
3
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10 years ago
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Making payment for someone else and then getting reimbursed
Our daughter incurred a deductible expense. My wife paid for the expense because my daughter didn't have her wallet handy and then my daughter paid my wife back. My daughter would like to deduct the...
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10 years ago
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