Latest threads in Taxes General Forumshow only best voted threads
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Downloading and saving IRS publications as pdf?
I recently visited the IRS site and looked a Publication 590 on individual IRAs. It is listed as p590.pdf. When I try to save it onto my own computer, I get a message "The document ³p590.pdf² could...
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11 years ago
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If I occasionally rent space on my lawn for parking
I live near a sports venue that has a pro football team with 6-8 games per year. There are also occasional concerts (e.g. Bruce Springsteen). I can fit lots of cars on my lawn and I can make quite a...
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11 years ago
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Virtual Assistants
Web sites are touting these folks as "self-employed" and "not subject to payroll taxes". I'm certainly skeptical, and would always fall back on the IRS rules plus my own experience, but seek insight...
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11 years ago
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Bond Accrued Interest
There were several posts on this before, but there's some ambiguity and possible conflicts in some of the previous answers so I'm asking for some clarification. ----------------------------- This is...
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11 years ago
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Writing covered calls
If the covered calls expired worthless, is the premium considered income upon expiration? Or can it be a reduction of cost basis? TIA
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11 years ago
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Deductible of attending a medical clinic.
My daughter is a dentist in MA and is considering attending a clinic in TN to give free dental care for a weekend. Assuming the clinic is run by an organization that is considered a charity, how much...
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11 years ago
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National Tax Training School
I would like to get a better grip on matters regarding the U.S. personal income taxes. I don't have the time to go to a traditional brick-and-mortar school, so I am considering distance education. I...
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11 years ago
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Excess contributions to a Roth IRA
I made excess contributions to my Roth IRA in 2010 and 2011. I've already filed the 5329 and paid the penalty on the excess contribution for 2010. In 2011, I filed my 1040 return timely before April...
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11 years ago
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Cancellation of debt- am I overthinking this?
Husband and wife refinance their mortgage with wife's mother as lender. Mortgage is fully executed and recorded. It's a win/win situation - borrowers get better rate than bank offering, mother...
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11 years ago
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Convert UTMA to 529
Converting a small UTMA account for a post 18 minor to a 529 plan. Primary purpose is to remove assets from minor's list for FAFSA purposes (OK with FAFSA). Minor does not have control of the UTMA...
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11 years ago
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Income Tax filing status for parents, one in nursing home.
My Mother entered a nursing home in Oct. 2011 after suffering a massive stroke. The home is paid for by Medicaid. Can my Mom and Dad still file jointly and both claim the personal exemption or does my...
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11 years ago
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real estate broker claims a portion of condo fees are addition to basis
Last night at a homeowner's meeting a real estate broker let loose with a claim that the accountants she knows say that if the monthly condo assessments broke out the portion that was earmarked for...
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11 years ago
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Unintentional nondectible traditional IRA contribution
A couple of years ago, I made what I thought was a then tax deductible $5000 contribution to a traditional IRA. Come to find out it wasn't deductible, so now the IRS wants the tax associated with the...
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11 years ago
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Constructive receipt of lottery winnings.
Assuming a lottery drawing is on November 10, 2011, but I don't present the ticket to the lottery commission until May 8, 2012. In what year are the proceeds taxable? I recall a debate here about two...
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11 years ago
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Estate taxes on a lottery annuity.
To keep it simple: I win the lottery. I elect to take 20 annual installments of $1 million. Before the 2nd installment, I've spent the first million and I die. My estate has but one asset: a 19-year...
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11 years ago
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