Taxes General Forum

minimum salary for my wife to max out simple ira contribution.

Hello everyone I own a small business and was thinking about paying my wife a small salary so she can contribute simple...

0 comments posted 10yrs

posted by dowsmith1984

0 comments posted 10yrs posted by dowsmith1984

Basis in IRA RMDs?

I have done some searching without much luck, but my question is what are the rules for which RMDs are deductible and w...

12 comments posted 10yrs

posted by daniel.schumacher1

12 comments posted 10yrs posted by daniel.schumacher1

shareholder's stock basis report/statement for year 2014

My friend's accountant who is doing his personal taxes for my s corp as he is shareholder is asking me shareholder's st...

0 comments posted 10yrs

posted by 626swf

0 comments posted 10yrs posted by 626swf

dissolving of s corp help and trying to find date when shares are disposed from another shareholder in the company

There are three shareholders in my s corp We all started the company 10 years ago at the same time and dissolved it at...

0 comments posted 10yrs

posted by 626swf

0 comments posted 10yrs posted by 626swf

Allstate Auto Renigs - Off Topic

I couldn't find a legal group for this that looked like it was active. If you can direct me to one, thank you. My daugh...

6 comments posted 10yrs

posted by nospam

6 comments posted 10yrs posted by nospam

Sales tax on internet orders?

NY has a 4% sales tax, and my county has a 3.5% tax. In the past companies with a presence in NY charged 7.5% tax. The...

3 comments posted 10yrs

posted by *

3 comments posted 10yrs posted by *

Passive Income

I have a question about whether or not rental income would be considered passive in this situation: Person owns and liv...

5 comments posted 10yrs

posted by spamtrap

5 comments posted 10yrs posted by spamtrap

All cash merger, owned less than a year

Due to a merger, I received all cash for stock I held less than a year. Is there any way to avoid short-term treatment o...

2 comments posted 10yrs

posted by Dave

2 comments posted 10yrs posted by Dave

Sophy tax case re unmarried couple and mortgage debt.

Law360, New York (August 7, 2015, 7:12 PM ET) -- The Ninth Circuit, in a 2-1 decision Friday, said an unmarried couple...

2 comments posted 10yrs

posted by pleasedonot

2 comments posted 10yrs posted by pleasedonot

Does asbestos remediation affect my basis

I live in an old (early 1900's) three-story condo along with two other owners. The front of the building contains asbes...

7 comments posted 10yrs

posted by oitbso

7 comments posted 10yrs posted by oitbso

Taxes on out of home state employment?

My son is a legal resident of NYS and goes to college full time in NYS. In July he lived and worked in Connecticut. Doe...

13 comments posted 11yrs

posted by *

13 comments posted 11yrs posted by *

Minimum interest required?

I know that if you don't have enough interest on a loan to a family member the IRS will input the interest. What is the...

6 comments posted 11yrs

posted by *

6 comments posted 11yrs posted by *

Not a Tax issue

I was a long term Intel employee (now retired) and company investor. A friend has suggested to me, that my circa 1972 I...

7 comments posted 11yrs

posted by dave

7 comments posted 11yrs posted by dave

Final Regulations Published On Where To File For Refund and/or Credit Claim

The IRS published T.D. 9727, the final regulations under IRC Sec. 6402. The final regulations state that unless otherwi...

3 comments posted 11yrs

posted by tempuser

3 comments posted 11yrs posted by tempuser

Gift Tax

An individual receives a $250000 life insurance payment and decides to give his sister half of it. This person has mode...

3 comments posted 11yrs

posted by pkb3130

3 comments posted 11yrs posted by pkb3130