Latest threads in Taxes General Forumshow only best voted threads
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Living in Sin for Fun and Profit
It always warms my heart when someone of stature agrees with me. This time it is no less than the founder of eHarmony, Dr. Neil Clark Warren. His article "On Second Thought, Don't Get Married"...
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12 years ago
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RLTs and incidence of estate tax liability
Say you have a revocable living trust that becomes irrevocable on the death of the grantor, and says that the post-death trustee is to distribute the trust's assets to some set of people in some set...
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12 years ago
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COD income and legal fee deduction
Legal fees "to produce or collect taxable [non-business] income" are normally deductible on Schedule A subject to 2% AGI limitation. If the legal fees are related to cancelation of credit card debt,...
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12 years ago
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CCH Tax News Headlines - July 5, 2011 Federal Headlines
CCH Tax News Headlines - July 5, 2011 Federal Headlines: 7/5/2011 - _Senate Cancels July 4 Recess_ ( State Headlines: 7/5/2011 - _California --Sales and Use Tax: Click-Through Nexus Enacted_ (...
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12 years ago
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Residual trust to educational or charitable organizations?
Where can I find the best source for IRS regulations covering residual trusts? To what extent (if at all) can I use IRA distributions for that purpose? Can such trusts be set up for a child rather...
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12 years ago
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annual gift limit?
So each individual can gift $12,000 annually to anyone without tax consequence. Husband and wife can each give $12,000. What if husband and wife have a revocable living trust? Is the gift limited to...
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12 years ago
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529 College Investment Questions
My oldest will start college next month, and I have 529 college savings plans. She will live just off campus in an apartment whose rent is greater than on-campus room and board combined. I will be...
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12 years ago
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CCH Tax News Headlines - June 30, 2011
CCH Tax News Headlines - June 30, 2011 Federal Headlines: 6/30/2011 - _PTINs Obtained for 2011 Filing Season Expire at End of the Year_ ( 6/30/2011 - _Minimum Coverage Provision Is Constitutional...
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12 years ago
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401k rollover versus withdraw
Hi I was planning on rolling over my old 401ks (I have two) by opening a new ira a/c I know that if I withdraw it instead of rollover, I have to pay 10% penalty and also income tax. I wasn't planing...
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12 years ago
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AGI and FEIE
If you have foreign earned income and take the foreign earned income exclusion, does this increase your AGI? My specific question at the moment is how it would affect ability to deduct passive...
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12 years ago
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CCH Tax News Headlines - June 29, 2011
CCH Tax News Headlines - June 29, 2011 Federal Headlines: 6/29/2011 - _Tax Treatment of Certain Tax-Free Exchanges of Annuity Contracts Addressed (Rev. Proc. 2011-38)_ ( 6/29/2011 - _Illinois Disaster...
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12 years ago
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"Shopping" trip deductible?
I own a rental property in Florida, and am thinking of buying another. It's about a day's drive from where I live. I am thinking of driving down in August to look at properties to buy. I would drive...
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12 years ago
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CCH Tax News Headlines - June 28, 2011
CCH Tax News Headlines - June 28, 2011 Federal Headlines: 6/28/2011 - _Filing Relief Granted for North Dakota Flood Victims (ND-2011-15)_ ( 6/28/2011 - _Lump-Sum Payment Made Under Oral Agreement Not...
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12 years ago
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Tax on Interest From family Loan?
I plan to make a loan to one of my kids and charge them interest based on the Primary market rate, currently about 3.25%. I use the Primary rate because that is what I have to pay on my Home Equity...
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12 years ago
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CCH Tax News Headlines - June 27, 2011
CCH Tax News Headlines - June 27, 2011 Federal Headlines: 6/27/2011 - _Obama and Biden to Hold High-Level Deficit Talks_ ( 6/27/2011 - _IRS Reminds Owners of Foreign Accounts of Annual Reporting...
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12 years ago
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