Taxes General Forum

Taking RMD early in year I turn 70 1/2

I will be 70 in April. If I make a withdrawal from my 401k in January will it count towards my 2014 RMD or must I wait u...

5 comments posted 11yrs

posted by jblatz2

5 comments posted 11yrs posted by jblatz2

Car Depreciation vs. mileage

Hi, I started in October of 2013 when I bought a new car ,using depreciation for the first time for my small business v...

1 comments posted 11yrs

posted by rick.chehab

1 comments posted 11yrs posted by rick.chehab

Mutual Fund Gains

I am confused by the distribution of a long term capital gain I received. The following numbers are ficticious, but the...

4 comments posted 11yrs

posted by sno_brd

4 comments posted 11yrs posted by sno_brd

AOC and 529 coordination of QEE and taxable scholarships.

My daughter is in college and I am trying to determine what I can take out of her 529 plan: Scholarship: 2500 School gr...

0 comments posted 11yrs

posted by collegedad

0 comments posted 11yrs posted by collegedad

Sold a rental property at a loss ...

Bought a town hown in 1999 for $265,000, lived in in until 2002, rented it for the next 12 years, sometimes at a small...

6 comments posted 11yrs

posted by nickravo

6 comments posted 11yrs posted by nickravo

"Correct" interest rate

W is Grantor of Irrevocable Trust with H as beneficiary. So Trust income reported on their joint tax return. Trust set...

1 comments posted 11yrs

posted by ssmith3023

1 comments posted 11yrs posted by ssmith3023

What year is a gift in?

If I give someone a rather sizable gift for Christmas, and they don't cash the check until next year; is the gift this y...

8 comments posted 11yrs

posted by *

8 comments posted 11yrs posted by *

College Tuition for Child - Gift Tax?

If my wife and I pay the current egregious college tuition for our child is it considered a "gift". Thanks, Jeff

2 comments posted 11yrs

posted by Jwisnia18

2 comments posted 11yrs posted by Jwisnia18

IRA/Keogh Limits

In 2014, I had very little income. (I was unemployed at the start of the year, was looking for a job, and when nothing...

5 comments posted 11yrs

posted by dontspamme

5 comments posted 11yrs posted by dontspamme

timing of state estimated payment

is a state 2014 estimated payment paid 1/15/15 deductible on the Federal return in 2014 or 2015?

5 comments posted 11yrs

posted by PicoRico

5 comments posted 11yrs posted by PicoRico

Dual Citizenship and Divorce

The following question was posted on an expat forum recently by a lady with dual U.S./Swiss citizenship who recently go...

5 comments posted 11yrs

posted by nospam

5 comments posted 11yrs posted by nospam

latest IRS info on tax preparers - 2014

Here is a link I found interesting, it partially replaces an old link from the archive IRS web site describing Enrolled...

9 comments posted 11yrs

posted by makbo

9 comments posted 11yrs posted by makbo

Lump sum pension rollover to IRA

My ex-employer (Motorola) sold its d/b pension plan to Prudential. I am eligible for and am to receive a lump sum payou...

15 comments posted 11yrs

posted by Retired

15 comments posted 11yrs posted by Retired

Want to re-negotiate monthly payment with IRS, but protect 401k too.

My significant other owes the IRS $21,000. He's been making payments for 20 years, and it's down to $21,000. now. He wa...

1 comments posted 11yrs

posted by kohlrabicroce

1 comments posted 11yrs posted by kohlrabicroce

vehicle decal expense or fixed asset

How do you account for the cost for business vehicle decals, does the cost become part of the total cost of the vehicle...

1 comments posted 11yrs

posted by KA Janicki

1 comments posted 11yrs posted by KA Janicki