Taxes General Forum

401K (as employee) and SEP on SE income

Taxpayer has a 401K with employer. The maximum amount of $23,000 (includes catch up provision) has been withheld from p...

1 comments posted 12yrs

posted by garyg7

1 comments posted 12yrs posted by garyg7

Rental property HOA pre-payment

My wife an I own a rental property that is subject to homeowners association dues of $100/month. Payments are due on th...

3 comments posted 12yrs

posted by arequipeno

3 comments posted 12yrs posted by arequipeno

tax rate on cap gains?

Suppose I have $9M (million dollars) in net gain resulting from the sale of long-term securities (stock and bond funds)...

5 comments posted 12yrs

posted by qguy31416

5 comments posted 12yrs posted by qguy31416

Tax arbitrage of sorts?

Let's say I have two trading accounts, each with $25K, and one is a margin taxable account and the other is an IRA (wit...

11 comments posted 12yrs

posted by nickravo

11 comments posted 12yrs posted by nickravo

APIC

Final C Corp is dissolving in 2013. Personal money is contributed by the shareholder to the corporation in 2013 to pay...

0 comments posted 12yrs

posted by dban1957

0 comments posted 12yrs posted by dban1957

Looking for Confirmation of Definition of Long Term Gain For Stocks

I bought stock on Jan 3 2013 and want to sell it as soon as the gain is long term. My understanding is that if I sell i...

2 comments posted 12yrs

posted by njoracle

2 comments posted 12yrs posted by njoracle

life insurance policy question in CT

I'm sure somebody has asked the same question millions of times, but somehow I cannot find a clear-cut answer online an...

1 comments posted 12yrs

posted by myinterest

1 comments posted 12yrs posted by myinterest

Missed estimated taxes

I missed making estimated payments for all quarters. I am going to file the 4th quarter. Should I file earlier three qu...

9 comments posted 12yrs

posted by purirb123

9 comments posted 12yrs posted by purirb123

Separate returns for dependent child?

IRS Pub 929 explains when a dependent child __must__ file a separate income tax return. The relevant rule is: the depen...

6 comments posted 12yrs

posted by qguy31416

6 comments posted 12yrs posted by qguy31416

Employee Auto Expense Question

Employer reimburses auto expenses with both a fixed dollar amount per month, and a mileage rate. The total dollar amoun...

4 comments posted 12yrs

posted by Retired

4 comments posted 12yrs posted by Retired

Reconciling Interactive Brokers Brokerage Statements

Have any of you come up with a method of reconciling an Interactive Brokers brokerage statement? Specifically, I want t...

0 comments posted 12yrs

posted by persistentone

0 comments posted 12yrs posted by persistentone

2012 New York State tax question

My wife and I are fulltime residents of California and expect to receive a 2013 New York State k-1 from the estate of m...

6 comments posted 12yrs

posted by nospam

6 comments posted 12yrs posted by nospam

Moving and/or taxes province to province - help

I?ve been living in BC and working for a BC company but all of the work is out of province and mostly in Alberta. I am...

1 comments posted 12yrs

posted by 4xmarket

1 comments posted 12yrs posted by 4xmarket

House Owned Overseas As A Corporation

Hi, My wife and I purchased a retirement home in Costa Rica as a corporation (common here to reduce taxes). The house i...

1 comments posted 12yrs

posted by garyjbrown123

1 comments posted 12yrs posted by garyjbrown123

Alternative tax programs?

To follow up on others' inquiries about TurboTax, what are the alternatives? I tried TaxCut twice, it had its good and...

13 comments posted 12yrs

posted by SalmonEgg

13 comments posted 12yrs posted by SalmonEgg