Taxes General Forum

Pension Decison

I have ~ 2 months, to decide if I will take a lump sum or monthly pension distribution (for a pension that I had forgot...

4 comments posted 11yrs

posted by dave

4 comments posted 11yrs posted by dave

Electric co-op "capital credits"

I just received a "Notice of Capital Credits Allocation" from the cooperative electrical utility for one of my rental p...

4 comments posted 11yrs

posted by arequipeno

4 comments posted 11yrs posted by arequipeno

Midyear marriage, previous inputed income and premiusm for employer provided health insurance?

Please help by clarifying the rules for this scenario: A&B are married in Aug 31, 2014, before this (for 8 months) B re...

1 comments posted 11yrs

posted by aloy.parker

1 comments posted 11yrs posted by aloy.parker

Uncashed check

My wife inherited an IRA, from her deceased mother. Every year, we receve the IRS minumum distribution, via check. We j...

4 comments posted 11yrs

posted by dave

4 comments posted 11yrs posted by dave

Pension Fund Change

I live in Israel. I have a provident fund (like a pension fund) paid from after-tax income when I worked. It is run by...

1 comments posted 11yrs

posted by larry.israel100

1 comments posted 11yrs posted by larry.israel100

Can I make both SEP and Roth contribution?

I'm self employed, sole proprietor, husband/wife, no corp or LLC. We put our max (25%?) into a SEP about $8,000 each. C...

5 comments posted 11yrs

posted by nojunk

5 comments posted 11yrs posted by nojunk

Ira 70.5 minimum distribution

When does a person born in March 1945 have to start taking this distribution?

1 comments posted 11yrs

posted by davidmetzger0

1 comments posted 11yrs posted by davidmetzger0

"millionaires" more subject to audit

ok, you have heard it too. Those with incomes aver $1M (is that AGI? Taxable Income?) are more likely to be audited. Wh...

2 comments posted 11yrs

posted by PicoRico

2 comments posted 11yrs posted by PicoRico

CP2501 resolution process

I had by mistake not included sale of house in 2012 returns. IRS sent us letter CP2501 to which we replied 3 weeks back...

2 comments posted 11yrs

posted by purirb123

2 comments posted 11yrs posted by purirb123

Interesting Case On Where One Is Domiciled

We often have posts that deal with state residency and domicile. Here is a Vermont Supreme Court decision that determin...

2 comments posted 11yrs

posted by tempuser

2 comments posted 11yrs posted by tempuser

broker basis etc. calculations for fixed income securities

Taxpayer received an e-mail from Schwab regarding "2014 IRS Rule Changes to Fixed Income Securities Purchased at a Prem...

6 comments posted 11yrs

posted by PicoRico

6 comments posted 11yrs posted by PicoRico

NY City Unincorporated Business Tax (UBT) on real estate

Client had to close his business years ago. The neighborhood changed to a residential one from mostly industrial. Reali...

1 comments posted 11yrs

posted by garyg7

1 comments posted 11yrs posted by garyg7

Canadian RRSP

My wife became a legal permanent resident of the USA in November 2011, and physically moved here and assumed employment...

5 comments posted 11yrs

posted by dontspamme

5 comments posted 11yrs posted by dontspamme

Does the KiddieTax apply here?

Does the Kiddie Tax apply for 2014? Betty, age 43, has a daughter Sally, age 20. Betty receives child support from Sall...

4 comments posted 11yrs

posted by rodneyfarber

4 comments posted 11yrs posted by rodneyfarber

Tax treatment of Passover "sales"?

I have read that an observant Jew who owns a business is obliged to keep the business kosher for Passover as well as hi...

24 comments posted 11yrs

posted by rlc-news

24 comments posted 11yrs posted by rlc-news