Latest threads in Taxes General Forumshow only best voted threads
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How to report this income?
In the past ten days I have received three unexpected settlement payment checks for things I hadn't received any earlier notices about. The first was a check for FOUR CENTS attributed to some sort of...
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12 years ago
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Tax Help From Intuit
Readers of this group will remember that I have (ad nauseum) posted about my travails of figuring out taxes for my wife, who is a Canadian citizen/resident, and I. I'm kind of frustrated that after 35...
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12 years ago
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Individual Statute of Limitations
Individual client files 2007 return in December 2009 (late) requesting refund. Refund received. Client then amends return in February 2011 for additional refund. Refund received. Return now in audit....
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12 years ago
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OT: Mead Judge Exam
In all my years moderating this newsgroup, I have rarely allowed off-topic posts. So this is a rare exception afforded only to those I know are fans of neither the Noo Yawk damnyankees nor the...
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12 years ago
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Compensation from Class Action suit
I received $5000 for participating as a plaintiff in a class action suit. I assume this amount is taxable as ordinary income, correct?
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12 years ago
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Holiday Tax Quiz Question - for fun
Greetings to all, I came across something some time back and wanted to share it with the group, but had been reluctant to do so since it doesn't really fit with getting help. But I'm going to risk...
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12 years ago
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Father's gift of stock to adult child's Roth account
My question is about father who wants to contribute to his adult son's Roth account. The father holds a block of Ford (F) stock with a basis of $6.80/share. Ford is currently selling around $10.75....
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12 years ago
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Canadian RRSP
A Canadian migrated to the US in 1975. They left an RRSP (the Canadian equivalent of an IRA) in Canada which is currently worth $60,000. That person has worked in the US ever since and has IRA's,...
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12 years ago
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Morning Star Co. v. Board of Equalization (2011), Cal.App.4th
This is an interesting case because it is another example of how Kal-E-forn-YA taxes everything. It's too long to post here. So, if you're interested, read it at Summary: In 1989, California enacted...
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12 years ago
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Wash sale between taxable and IRA accounts?
Imaginary scenario: Mar 1: Buy 100sh XYZ in taxable account. Oct 3: Buy 100sh XYZ in IRA. Oct 19: Sell 100sh XYZ in IRA. Oct 20: Sell 100sh XYZ in taxable account at a loss. So what happens to the...
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12 years ago
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How do you pronounce MAGI?
How do you pronounce MAGI? Maggie? majee? M-A-G-I (as separate letters)? Something else? Thanks. Bob Sandler
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12 years ago
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moving expenses (travel)
I will be moving from LA to the NYC for a new job. Naturally, no concern about the time and distance tests. However, I will be driving my car to my parents' house in New Orleans and then flying to NYC...
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12 years ago
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Why no 1099's for corporations?
My understanding is that, in general, people who pay more than $600 per year to a corporation for work performed (such as to contractors etc) are not required to issue a 1099 to that corporation. But,...
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12 years ago
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Itemized Deduction Recovery
I received a check from a class action lawsuit about overcharges the company I retired from made on health care costs. The info in Pub 17, Ch 21 and Ch 12 treat the recovery as pertaining to a single...
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12 years ago
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Is this income taxable or is it a gift?
The educational institution from which I retired about ten years ago has decided to give retirees $500 to help defray the cost of health insurance. Is this amount taxable? I am no longer an employee,...
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12 years ago
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