Taxes General Forum

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Roth Recharacterization Problems?!

I converted my $200,000 IRA to a Roth last year. I had an accountant do my tax return and was shocked by how much tax I...
2 comments posted 15yrs
posted by gafortal
2 comments posted 15yrs posted by gafortal

CCH Tax News Headlines - May 27, 2011

CCH Tax News Headlines - May 27, 2011 Federal Headlines: 5/26/2011 - _Senate Rejects Holding Votes on Ryan and Obama Bu...
0 comments posted 15yrs
posted by TaxService
0 comments posted 15yrs posted by TaxService

CCH Tax News Headlines - May 25, 2011

CCH Tax News Headlines - May 25, 2011 Federal Headlines: 5/25/2011 - _House Passes FAA Excise Tax Extension Bill_ (http...
0 comments posted 15yrs
posted by TaxService
0 comments posted 15yrs posted by TaxService

Form 5329 Question

Sorry, another question came up. My Dads accountant retired and the guy they handed his account to never filed a 5329....
0 comments posted 15yrs
posted by igt123
0 comments posted 15yrs posted by igt123

CCH Tax News Headlines - May 24, 2011

CCH Tax News Headlines - May 24, 2011 Federal Headlines: 5/24/2011 - _Administrative Record from Remand Hearing Admitte...
0 comments posted 15yrs
posted by TaxService
0 comments posted 15yrs posted by TaxService

Using up capital losses

I have a substantial capital loss carry forward. I will be starting a new business that should generate good income. Wh...
1 comments posted 15yrs
posted by maliburon64
1 comments posted 15yrs posted by maliburon64

QPRI, COD - bedroom rental

COD = cancellation of debt QPRI = qualified principal residence indebtedness Facts: Taxpayer has a principal residence...
4 comments posted 15yrs
posted by makbo
4 comments posted 15yrs posted by makbo

Establishing A Florida Domicile

Connecticut (Dan Malloy) has recently passed Incredible new taxes (with far less than expected labor concessions). I am...
11 comments posted 15yrs
posted by don
11 comments posted 15yrs posted by don

2011 Limit on Tax Free Gifts

Hi: Can someone please tell me the Tax limit for: a. A gift by my wife and myself to our son b. A gift by my wife and m...
11 comments posted 15yrs
posted by bakerjohnh
11 comments posted 15yrs posted by bakerjohnh

Cost Basis--FIFO vs LIFO

I understand shareholders can calculate their cost basis based on ether the FIFO or LIFO methods. On my latest brokerag...
6 comments posted 15yrs
posted by holt.david1
6 comments posted 15yrs posted by holt.david1

CCH Tax News Headlines - May 19, 2011

CCH Tax News Headlines - May 19, 2011 Federal Headlines: 5/19/2011 - _Gang of Six Falters as Coburn Quits (TDNR TG-1179...
0 comments posted 15yrs
posted by TaxService
0 comments posted 15yrs posted by TaxService

No joy filing 990-N epostcard

Tiny nonprofits that don't have a 990/990-EZ filing requirement do have a filing requirement on 990-N, which can be fil...
4 comments posted 15yrs
posted by ahk
4 comments posted 15yrs posted by ahk

Stapling Redux

How do we attach the various forms in a 1040 return? I have been doing my own tax returns for over fifty years. I vague...
10 comments posted 15yrs
posted by larry.israel
10 comments posted 15yrs posted by larry.israel

Messed up RMD and rollovewr for 2010

My dad's RMD for 2010 was 20k. He took out 17k from his IRA, Then in October of 2010 he took out another 17k, but this...
13 comments posted 15yrs
posted by igt123
13 comments posted 15yrs posted by igt123