Taxes General Forum

Giving money to a trust fund

I'm concerned about my three grandchildren's education so I want to set up a trust fund to cover that. I want to fund i...

7 comments posted 14yrs

posted by nadcixelsyd

7 comments posted 14yrs posted by nadcixelsyd

Medical Expense Loan

If an individual has a medical procedure performed, and as a result, owes the hospital money for the procedure, and the...

8 comments posted 14yrs

posted by invalid

8 comments posted 14yrs posted by invalid

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 fix...

12 comments posted 14yrs

posted by avrum223

12 comments posted 14yrs posted by avrum223

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, regardle...

13 comments posted 14yrs

posted by PicoRico

13 comments posted 14yrs posted by PicoRico

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 kiddu...

24 comments posted 14yrs

posted by ira.smilovitz

24 comments posted 14yrs posted by ira.smilovitz

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 fo...

2 comments posted 14yrs

posted by spam+lisp_dot_linux

2 comments posted 14yrs posted by spam+lisp_dot_linux

Is FICA due on

Is FICA do on a final payment from BP. It did not replace lost income it was a buy out of possible future liability. Tha...

1 comments posted 14yrs

posted by amdx

1 comments posted 14yrs posted by amdx

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...

28 comments posted 14yrs

posted by tempuser

28 comments posted 14yrs posted by tempuser

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 tran...

14 comments posted 14yrs

posted by sandyhb6

14 comments posted 14yrs posted by sandyhb6

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 somet...

6 comments posted 14yrs

posted by fjc2912

6 comments posted 14yrs posted by fjc2912

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...

4 comments posted 14yrs

posted by me

4 comments posted 14yrs posted by me

taxing power

The recent Supreme Court decision says that the penalty for not buying health insurance is valid under the taxing power...

13 comments posted 14yrs

posted by removeps-groups

13 comments posted 14yrs posted by removeps-groups

Interest on EE Savings Bonds

Taxpayer owns roughly $98,000 worth of Series EE savings bonds, which were initially purchased in July 1992. The origin...

14 comments posted 14yrs

posted by rick

14 comments posted 14yrs posted by rick

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 po...

4 comments posted 14yrs

posted by makbo

4 comments posted 14yrs posted by makbo

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-so...

0 comments posted 14yrs

posted by garyg7

0 comments posted 14yrs posted by garyg7