Latest threads in Taxes General Forumshow only best voted threads
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tuition deduction/credit and 529
We've reached the point where our son - a junior at UW/Madison - has enough in his 529 account to take care of all his remaining college expenses. I noticed that even when I was paying all the college...
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11 years ago
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Conversion of Traditional Nondeductble IRA Contribution to Roth IRA
In early 2012, I wanted to contribute $5,000 to a Roth IRA for 2011, but my income was too high, so I made the contribution to a Traditional, non-deductible IRA, then the next day, converted it to a...
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11 years ago
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LIRA question
OK...been in the states for over 16 years. Had a small LIRA from a teaching gig in 1993. Amounted to only $1500 put in but is over $4000 now. It is in Manitoba at INvestors Group. OK...so I cashed it...
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11 years ago
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trouble getting to EFTPS
I tried to connect to www.eftps,gov to make an estimated tax payment yesterday, and all I got was timeouts. Same today, even though it's too late to make a payment for today. Anyone else able to get...
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11 years ago
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Computation of Other Income Due to Taking American Opportunity Credit and Using 529 Plan
For 2012, I'm taking the $2500 American Opportunity Credit (AOC) for payment of >$4,000 college tuition/fees/books for my dependent child. I used proceeds from my 529 college savings plans to pay...
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11 years ago
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tax on sale of inherited overseas house
My mother sold a small home overseas that she inherited 40 years ago and used as a summer home until she became a widow a year ago and it became too much trouble to keep. We are having a difficult...
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11 years ago
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I work in the USA but I am paid by a German company (money wired to US).
My FULL salary is wired to my bank after I submit a monthly invoice. I do not receive a receipt for my Monthly Salary, i just the deposit in my bank. Do I owe standard Fed/State Taxes? What about...
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11 years ago
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Real Estate Agent commissions
I wanted to see how the following situation can be dealt with: Lets say I buy a fixer house and the agent who represents me (the buyer) get a 3% commission. Now he agrees to give me a portion of that...
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11 years ago
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Signing a W9?
I am a beneficiary to a trust. The bank administering it sent me a W9. As I read the instructions I don't have to sign it, so I filled in my SS# and returned it. They have sent it back, saying I...
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11 years ago
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EFTPS
"Schedule tax payments in advance. Businesses can schedule payments up to 120 days in advance. Individuals can schedule payments up to 365 days in advance. Scheduled payments can be changed or...
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11 years ago
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Graduate Student Stipend Questions
In my first year of graduate school (Aug. 2010), I was considered a "graduate trainee" and none of my $26,000 stipend was withheld. I had previously worked at a job that same year with a W2 and had...
8
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11 years ago
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Roth 401 conversion to Roth IRA: which 5-year clock applies?
I made my first contribution to an employer's "designated Roth" 401(k) account or "deemed Roth IRA" under a 401(a) plan on 1 Feb 2008. Suppose on 2 Feb 2013, I roll over the Roth account into a...
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11 years ago
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SSA-1099 and TT
I just got my SSA-1099 form. It includes a figure in Box 6 because I voluntarily withheld taxes. The instructions say that if Ido this, I have to include a copy of the Form with my return. If I file...
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11 years ago
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Some basic Traditional IRA Queries
Forgive the double posting. I just posted this in the misc.taxes group but this group seems to be more on-target: I have a few basic IRA questions and hope you folks can help me out. I am talking...
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11 years ago
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tax - different stock lots
I'll have to drag out my Schwab papers, but was thinking about stock sales... and how they are reported.. Since the 1040 just has a date & cost basis, how do you report or list multiple buys, and 1...
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11 years ago
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