Taxes General Forum

Deprectiation schedule

When taking a Section 179 deduction, how does that affect the numbers shown on the depreciation schedule? The "basis fo...

3 comments posted 11yrs

posted by pleasedonot

3 comments posted 11yrs posted by pleasedonot

previous employer pension partial rollover and personal disbursement

I have about $24,000 with a previous employer pension that I absolutely need about $5,000 of and would like to rollover...

4 comments posted 11yrs

posted by bakespoon

4 comments posted 11yrs posted by bakespoon

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 t...

7 comments posted 11yrs

posted by nojunk

7 comments posted 11yrs posted by nojunk

ACA Penalty

As I understand it, the penalty for not having health insurance is assessed through the tax return system. One of the q...

3 comments posted 11yrs

posted by rick

3 comments posted 11yrs posted by rick

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...

19 comments posted 11yrs

posted by odiegoogle

19 comments posted 11yrs posted by odiegoogle

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...

2 comments posted 11yrs

posted by Bowen

2 comments posted 11yrs posted by Bowen

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,...

1 comments posted 11yrs

posted by johnl

1 comments posted 11yrs posted by johnl

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 Bene...

4 comments posted 11yrs

posted by divorceunion

4 comments posted 11yrs posted by divorceunion

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....

3 comments posted 11yrs

posted by Jwisnia18

3 comments posted 11yrs posted by Jwisnia18

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...

0 comments posted 11yrs

posted by tanyarosss2

0 comments posted 11yrs posted by tanyarosss2

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...

0 comments posted 11yrs

posted by nickravo

0 comments posted 11yrs posted by nickravo

Dependent Claiming Question ?

Hello, Have an adult son, who, for various reasons, I provide full, free, room and board, food, etc. Also, dollars, alo...

2 comments posted 11yrs

posted by rgsros

2 comments posted 11yrs posted by rgsros

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...

9 comments posted 11yrs

posted by *

9 comments posted 11yrs posted by *

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 oa...

14 comments posted 11yrs

posted by *

14 comments posted 11yrs posted by *

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...

5 comments posted 11yrs

posted by rgsros

5 comments posted 11yrs posted by rgsros