Taxes General Forum

Had to recharacterize my Roth Conversion; how long to try again?

Although my IRA went up after I converted to a Roth, it put me into AMT and the tax rate was horrible; so I had to recha...

3 comments posted 15yrs

posted by wade

3 comments posted 15yrs posted by wade

CCH Tax News Headlines - May 17, 2011

CCH Tax News Headlines - May 17, 2011 Federal Headlines: 5/17/2011 - _IRS Announces Interest Rates Unchanged for Calend...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

HELOC Deductibility

I owned a home that had no mortgage but had a home equity line of credit. I converted it to a rental property about two...

8 comments posted 15yrs

posted by dontspamme

8 comments posted 15yrs posted by dontspamme

CCH Tax News Headlines - May 16, 2011

CCH Tax News Headlines - May 16, 2011 Federal Headlines: 5/16/2011 - _2012 Deduction Limits for HSAs Released (Rev. Pro...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

Form 6781 Foreign Currency Contracts

I have a client that has had losses this year regarding from GFT from Foreign Currency trading.. Does anyone have exper...

1 comments posted 15yrs

posted by aalpllc

1 comments posted 15yrs posted by aalpllc

what is depletion

what is depletion? It shows up on forms like Schedule C and is evidently a tax break for oil companies. Is it like depre...

14 comments posted 15yrs

posted by removeps-groups

14 comments posted 15yrs posted by removeps-groups

CCH Tax News Headlines - May 12, 2011

CCH Tax News Headlines - May 12, 2011 Federal Headlines: 5/12/2011 - _Senate Majority Leader Presses to End Oil Tax Bre...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

Using IRA Or 401K Money To Buy A Retirement Home

Hi, We are buying a retirement home overseas. AFAIK, we can use IRA money as long as we don't use the property. Then we...

7 comments posted 15yrs

posted by abbybrown

7 comments posted 15yrs posted by abbybrown

Taking Out Mortgage On Current House

Hi, We are planning to take out a mortgage of $300,000 on our house (currently paid off) in order to buy a second home o...

13 comments posted 15yrs

posted by abbybrown

13 comments posted 15yrs posted by abbybrown

CCH Tax News Headline - May 10, 2011

CCH Tax News Headline - May 10, 2011 Federal Headlines: 5/10/2011 - _Corporation Could Not Change Accounting Method or...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

No 1099R for Shares Sold in Traditional IRA Account

I'm sorry long story: I turned age 70 on Feb 29, 2010 and was 70 1/2 on Aug 29, 2010. In my Traditional IRA account, I...

3 comments posted 15yrs

posted by rod_recon

3 comments posted 15yrs posted by rod_recon

CCH Tax News Headlines - May 9, 2011

CCH Tax News Headlines - May 9, 2011 Federal Headlines: 5/9/2011 - _Retirement Facility Entrance Fees Pledged as Securi...

0 comments posted 15yrs

posted by TaxService

0 comments posted 15yrs posted by TaxService

US tax for US citizen minor child of non-resident aliens

Alice and Bob are non-US citizens not living in the US -- that is, non- resident aliens. They have a son Charles, who i...

18 comments posted 15yrs

posted by simon_baldwin

18 comments posted 15yrs posted by simon_baldwin

Liability Limitation?

I was given a "Terms and Conditions" sheet by an accountant and was surprised to see that he limited his liability for...

28 comments posted 15yrs

posted by wade

28 comments posted 15yrs posted by wade

asset transfers to living trust

A parent wishes to establish a revocable or irrevocable trust for a child. Cash and real estate will be placed in the t...

14 comments posted 15yrs

posted by maliburon64

14 comments posted 15yrs posted by maliburon64