Taxes General Forum

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California Webpay

A client had to pay more than the threshold to be required to make subsequent payments electronically. The client is ha...
5 comments posted 13yrs
posted by garyg7
5 comments posted 13yrs posted by garyg7

Early IRA distribution for medical exp

My understanding is that a person under age 59.5 can make a penalty-free IRA distribution for medical expenses meeting...
2 comments posted 13yrs
posted by gbeccles
2 comments posted 13yrs posted by gbeccles

Temporary Sales Tax Permit in Connecticut?

Looking for help from someone familiar with CT sales tax regulations. Doing self-employed art and crafts business in PA...
6 comments posted 13yrs
posted by artsNcrafts
6 comments posted 13yrs posted by artsNcrafts

Can I max. out a 401k and SEP?

I 16,500 to my 401k in 2011. Outside this day job, I have a side-business that earned 40k profit the same year. So can I...
2 comments posted 13yrs
posted by homersimpson085
2 comments posted 13yrs posted by homersimpson085

Bank stock owned by IRA

Client has some local bank stock he directed his IRA to buy (some years ago). He had sent the stock certificate to his...
3 comments posted 13yrs
posted by paulthomascpapc
3 comments posted 13yrs posted by paulthomascpapc

1099-OID for Defaulted Bonds

As I understand it, when a bond is *issued* at a discount to fair market value it possesses "original issue discount"....
11 comments posted 13yrs
posted by persistentone
11 comments posted 13yrs posted by persistentone

Tax Planning Software

I am looking for tax planning software for a 1040 that can handle Schedule K1 and real estate investments. An ideal pac...
1 comments posted 13yrs
posted by persistentone
1 comments posted 13yrs posted by persistentone

HSA and med deductions

Does an HSA distribution reduce medical deductions? It looks to me like I can make a contribution to the HSA, turn arou...
10 comments posted 13yrs
posted by gbeccles
10 comments posted 13yrs posted by gbeccles

IRA rollover 1 year rule

This is the Rule: One-Year Waiting Rule Within one year, after you distribute assets from your IRA and rollover any par...
1 comments posted 13yrs
posted by waltxj2
1 comments posted 13yrs posted by waltxj2

Consequences of doing no record keeping?

I have a small retail business with 50% cash transactions of small values. Can I just what I think I owe the IRS, inste...
23 comments posted 13yrs
posted by homersimpson085
23 comments posted 13yrs posted by homersimpson085