Latest threads in Taxes General Forumshow only best voted threads
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Inherited 1/2 of house arrgh!
Mom died 3 years ago, left house to sis and I, sis moved into the house. Early on she talked about getting a mortgage to buy out my half, but she didn't qualify. She's working part time and I question...
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8 years ago
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7 | |
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ACA Penalty
As I understand it, the penalty for not having health insurance is assessed through the tax return system. One of the questions on the 1040 explicitly asks if you have coverage, and if you indicate...
3
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8 years ago
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Rules on using HSA funds for legitimate medical expenses
Hi, I just want to make sure I am doing things according to IRS rules. Have a baby on the way, and have been paying all OBGYN bills via personal credit card. Can I do that, and then at the end of the...
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8 years ago
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Upon termination, is the PTO that you have accrued taxed higher when it is paid
I am leaving a job to return to school, I have 120 hrs of accrued Paid Time OFF that would be paid in one lump sum upon termination. Is this money taxed at a higher rate?
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8 years ago
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Family foundation funding relatives' research
A guy I know has this bright idea: set up a non-profit, presumably 501(c)(3), make tax deductible contributions to it, and pay grants out to fund research being done by a relative. The relative's...
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8 years ago
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adding beneficary to stock trading account
I want to add my son to my stock beneficiary account, i just added. Now on my schwab statement it shows Designated Beneficary Plan TOD. What does this mean. If i die and I don't have a will will the...
4
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8 years ago
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4 | |
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Class Action Settlement - Misc Income or LT Cap Gain?
I just received a settlement check for a class action relating to a stock investment I held and sold several years ago. I'm thinking I should report that amount as a long term capital gain rather than...
3
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8 years ago
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3 | |
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Discreamcy in 1099-R and 5498
I recently filed an extension when doing my taxes for tax year 2014. I did a rollover from a 401k to a rollover ira. so regardless of what I do it won't effect my taxes. Right now, there is a...
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8 years ago
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Travel and entertainment
I work part time (1099 income) for a media company and as part of my job I hire freelancers, some of whom I have known for a while, socially and professionally. If I invited them to dinner with...
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8 years ago
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Dependent Claiming Question ?
Hello, Have an adult son, who, for various reasons, I provide full, free, room and board, food, etc. Also, dollars, along with some aid from the State, for his health insurance. I have been taking him...
2
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8 years ago
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2 | |
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NY sales tax questions
Ian having my water heater replaced. One. Guy is charging sales tax,other is not Second guy says he pays sales tax when he buys it so he doesn't have to charge tax when he sells it,and there is no tax...
9
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8 years ago
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Can I deduct my trip?
I am taking my son from WNY to his summer job in CT. As long as we are going, we are picking up a boat and 4 sets of oars in CT for a non-profit crew club. It adds 2 hours to our 13 hour drive. If we...
14
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8 years ago
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14 | |
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Savings Bond Interest ?
Hello, Have cashed in some E and EE Savings Bonds. First time ever doing so. I realize there is Federal tax due on the interest portion. Where on the 1040 is the total amount of interest from this put...
5
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8 years ago
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Simple Question on Wash Sale Dates
If one sells common stock on June 19th (trade date) at a loss, what is the date in July that the same stock can be bought (trade date) without incurring a wash sale?
2
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8 years ago
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IRS rules for nonfiler who pays when asked
This is an odd situation to describe, I think. The easiest question to answer is whether an actual filing of a tax form is required by law, assuming income falls above the minimum (I know there is...
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8 years ago
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