Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
RMD 401K still working
My understanding that RMD's not required for 401K accts., if still working. If so, is there is dollar formula for it? Doesn't seem right that if working very little PT can stop the RMD. Other words,...
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Unlike college loans, would law school loans be analyzed the same for support?
Now days, college loans and who sign for them are a factor in determining (or at least guessing) who has provided total suppport for tax dependency purposes. However, what about *law school *loans...
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How to file taxes deducted from a 401k loan
I received a paper statement showing federal and state taxes deducted from the gross amount along with a check for the net. What form do I use to report these deductions on my taxes? My 401k web site...
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Filed using Ex Husband's SS #; What A Mess
I know this is long, but I have weaved a web that I now need help getting out of. I wanted to provide all the information I could. In April, 2012, I filed my clients 2011 1040 return using her...
 
Unwanted Premature Distribution
1/25/13 I just received my Annual Statement and realized that Legg Mason closed one of their money market funds that I had invested in. They did this on 6/22 and issued a Premature Distribution of $7k...
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After-tax 401k and IRA, separate accounting? + Turbotax mess
I have to figure out how to do distribution tax accounting for 2012 withdrawals from and IRA and two 401k's IRA has aftertax contributions X 401k has aftertax contributions Y 2nd 401k has no aftertax...
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Interest from the IRS?
The IRS sent me a Form 1099 saying they paid me $19.81 interest. I don't have any recollection of that and can't imagine why they would have paid me interest, but am not about to fight with them over...
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Schedule E, line 43
I don't get it. Schedule E, part II could include real estate rental income of a R.E. professional. Does that total go on line 43, also? Or are they talking about such income that would be somewhere...
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How much will tax refund be???
Hello, Please forgive me for sounding so naive. My wife and I purchased a home 1 year ago. I am a little apprehensive about filing taxes this year, becuase I think I may owe money. We file married,...
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What is my basis for a capital loss?
In 1999 I invested $50,000 in a startup. The state gave a tax credit of 20% on the investment, requiring that I leave it for 10 years. I effectively paid federal tax on the credit, since it decreased...
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Rent deducted from earnings
I believe I already know the answer to these questions, but I just want to make sure I'm not missing anything. A salesman works on a 1099 basis for a single company. This company arranges housing for...
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W2 income in 2013 (but lost job) - would like to create savings plan to defer part of W2 income
I lost my job but will be getting past deferred compensation from prior years in 2013 - around $50k - and I will be getting W-2 statement next year. Is there a way to create savings plan (solo 401k /...
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Can a self-employed person borrow against his Keogh without penalty?
I am the only person in the plan.
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Colleges own tuition prepayment plan
My daughter will be a freshman next year at a private university. They have a plan where I can prepay up to 8 semesters at the current tuition if I pay by July 1. This isn't a 529, or anything like...
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Tax treatment of credit card cash back bonuses
I use my credit card to pay business expenses. I submit recepts to my employer. They reimburse me for the expenses in full. At the end of the year I get cash back equal to a percentage of all...
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