Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
Medical Expense Loan
If an individual has a medical procedure performed, and as a result, owes the hospital money for the procedure, and the hospital agrees to accept installment payments for the procedure over a period...
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A boarder and the IRS
We (two of us) are considering hosting a foreign student who would be attending a local college. We would be paid a fixed monthly fee and we would have to provide a furnished private bedroom room, 2...
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Hawaii nonresident income tax
If one owns a vacation rental condo in Hawaii (and that is all), a Hawaii state income tax return is required, regardless of whether there is any taxable income or not. The instructions say: Election...
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Is the cost of a Kiddush deductible?
I'm involved in a discussion on a synagogue treasurer's list regarding the deductibility of payments to sponsor a kiddush. Some background for those who aren't Jewish... The end of services on...
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RSU cost basis adjustment for 1099-MISC
I was W2 employee for part of 2010 and did some work as independent for the rest of 2010. I did further work as 1099 for the same company in 2011 The company policy was to continue their restricted...
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Is FICA due on
Future liability for what? Lost income?
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Is The Individual Mandate Really Mandatory?
On 6/25/12, the subject titled article appeared in Tax Analysts Tax Notes, a subscription only tax journal. The article is an analysis of the IRS collection process to see how the IRS could actually...
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Required Minimum Withdrawal Strategy
Many of our IRA investments are longterm and have increased a great deal in value since they were purchased. If we transfer the investments over to a taxable account when making the RMD, will we have...
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Using IRA to buy mortgage
I have $250,000 in an IRA Bank CD which will be maturing soon. I am age 65. I would like to reinvest the money in something that will pay me a return of at least 3%. Our son has a 30-year mortgage on...
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Record retention for individual 1040?
How many years should an individual retain his 1040 filings? I've heard three years, but also ten. I know this has been asked before, so excuse me for asking one more time.
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taxing power
The recent Supreme Court decision says that the penalty for not buying health insurance is valid under the taxing power. Where is this taxing power defined? Is it the 16th amendment or something else?...
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Interest on EE Savings Bonds
Taxpayer owns roughly $98,000 worth of Series EE savings bonds, which were initially purchased in July 1992. The original purchase price was $35,000 (14 bonds at $2500 each. The accumulated interest...
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logistics of RTRP testing deadline
[repost, NNTP news-server delay?] Since this is the only forum I participate in which is open to tax laypersons, I'm posting an item which potentially affects consumers of professional tax preparation...
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CT non resident partner's guaranteed payments
An owner/shareholder/partner of an LLC gets guaranteed payments from it. There's no question that it's taxable as CT-source income, but what are the tax withholding requirements? My guess is that this...
 
I want to sell stock at a profit and immediately buy it again
I have 400 shares (after splits) that have basis of $2300. It's now worth $56000. Let's assume the Bush tax cuts go away and the CapGain rate goes to 25%. I want to declare the gain now, but I still...
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