Taxes General Forum

Gift tax on tuition payment?

My older son is receiving a distribution from a qualified trust. He thinks it is unfair my younger son is getting nothi...

6 comments posted 11yrs

posted by *

6 comments posted 11yrs posted by *

Some Amusement For Those of You Who Care About Doing Business in CA

http://calcorporatelaw.com/2014/07/the-franchise-tax-boards-doing-business-legal-ruling-ex-nihilo-aliquid-fit/

5 comments posted 11yrs

posted by tempuser

5 comments posted 11yrs posted by tempuser

moving share certificates to a brokerage account

Taxpayer has some old share certificates in well known publicly traded companies. This was old school, but now needs to...

17 comments posted 11yrs

posted by PicoRico

17 comments posted 11yrs posted by PicoRico

Qualified home sale with no gain but with installment payments

Married couple selling main home for $185K has no gain. Since payments are to be received over 6 years totaling $185K,...

6 comments posted 11yrs

posted by nowhere

6 comments posted 11yrs posted by nowhere

Form W-9

I will be receiving a payment in my trust account. It will go to my client if the settlement is concluded. The other pa...

14 comments posted 11yrs

posted by spamtrap

14 comments posted 11yrs posted by spamtrap

Inherited Annuity

I inherited, from my father, a variable annuity now worth ~$21k. There are ~$11.5 in capital gains. I just recieved a r...

6 comments posted 12yrs

posted by news

6 comments posted 12yrs posted by news

Estimated taxes

This question is about filing quarterly estimated taxes. My wife and I are both retired, age 63, and we have never file...

7 comments posted 12yrs

posted by lewisJ

7 comments posted 12yrs posted by lewisJ

Sale of home not reported

I sold my home in 2012 had a gain of 400K. Turbo tax asked me if I had 1099S form which was not issues to us by title c...

2 comments posted 12yrs

posted by purirb123

2 comments posted 12yrs posted by purirb123

WY LLC non-US person non-US resident no US operations/income

Hi, I have a couple of questions on my situation: * Sole member of a WY LLC * Non-US person * Non-US resident * No US o...

3 comments posted 12yrs

posted by mslabre

3 comments posted 12yrs posted by mslabre

401(k) IRA rollover

I have problems keeping the various tax-free and tax-deferred options straight. I have a 401(k) that is relatively smal...

4 comments posted 12yrs

posted by kurtullman

4 comments posted 12yrs posted by kurtullman

IRS Regulations section 1.401(a)(9)-6

If you are interested in IRA annuities rules, every document on the IRS web directs you to "Regulations section 1.401(a...

7 comments posted 12yrs

posted by mauro_gaetano

7 comments posted 12yrs posted by mauro_gaetano

stepup home value

Husband buys cottage, dies and leaves to wife, wife remarries and dies after 23 yrs, leaves cottage to hubby. Is there...

2 comments posted 12yrs

posted by bh2os62

2 comments posted 12yrs posted by bh2os62

taxes on trust distribution

I will soon receive a significant amount from a Crummey Trust. The trustee says I have a choice of taking the securitie...

5 comments posted 12yrs

posted by *

5 comments posted 12yrs posted by *

Nominee income for estate

My wife and I managed finances for my Father-in-law. To get better income, she opened an account at an institution unde...

4 comments posted 12yrs

posted by 75270_3703a

4 comments posted 12yrs posted by 75270_3703a

Second business

I am business owner (sole trader) and vat registered. I am in discussions with a business partner to open a second comp...

1 comments posted 12yrs

posted by Wlynch

1 comments posted 12yrs posted by Wlynch