Taxes General Forum

RMD withdrawals

I understand that retirees have to make withdrawals from retirement plans. My question is the rule 4% withdrawal amount...

8 comments posted 4yrs

posted by debbie.lafourche

8 comments posted 4yrs posted by debbie.lafourche

Savings bonds -- cash accrual method

For individual taxpayers, s/he can report interest income on an accrual or cash basis. If one has been using the accrua...

2 comments posted 4yrs

posted by m8r.jn1sdp

2 comments posted 4yrs posted by m8r.jn1sdp

Timing for reporting gifts over the annual free allowance of $15K.

If I transfer some securities (from a brokerage firm) to someone on Dec 23rd and they leave my account on Dec 31st; but...

2 comments posted 4yrs

posted by m8r.jn1sdp

2 comments posted 4yrs posted by m8r.jn1sdp

Filing Taxes as a Surviving Parent: How to Claim Child Care Credits Despite Unemployed Spouse

Is there any help for surviving spouse getting child care credits, hubby unemployed and died on 1/21/2021 thus causing...

12 comments posted 4yrs

posted by bh2os62

12 comments posted 4yrs posted by bh2os62

Sr. Citien Question Please: Printed Copy Of Publ. 17 ? How To Get ?

Hello, Will blame it on old age now, so please put up with a dumb question. Hard for me to use pc screen these days, an...

10 comments posted 4yrs

posted by rgsrose2

10 comments posted 4yrs posted by rgsrose2

1099-K issues

PayPal now issues a 1099-K (in 2022) if you move > $600 into your account (they assume you are now in the business of s...

4 comments posted 4yrs

posted by moo

4 comments posted 4yrs posted by moo

In which year is the Jan estimated state income tax deductible?

The 4th Q estimated State income taxes for 2021 is payable in Jan 2022. If a cash tax payer itemize his deductions, is t...

7 comments posted 4yrs

posted by m8r.jn1sdp

7 comments posted 4yrs posted by m8r.jn1sdp

Wash Sale rule of 30 days

If I buy a stock on the 24th of the month, when does the 30 days starts -- 24th? or 25th? And I assume the 30-day is on...

5 comments posted 4yrs

posted by m8r.jn1sdp

5 comments posted 4yrs posted by m8r.jn1sdp

No more TurboTax in IRS Free File

Text of an email I received today: "With the IRS Free File program surpassing its founding goals of e- file and tax pre...

1 comments posted 4yrs

posted by the_stan_brown

1 comments posted 4yrs posted by the_stan_brown

able to make IRA contribution due to amended return ?

In 2020, wife and I filed separately. She was unable to make an IRA contribution (a deductible one, at least) due to be...

1 comments posted 4yrs

posted by johngeyles

1 comments posted 4yrs posted by johngeyles

Any significant changes to estate tax expected?

I am way overdue seeing my estate attorney about updating my will, but have put it off in view of all the changes Biden...

1 comments posted 4yrs

posted by wadelippman

1 comments posted 4yrs posted by wadelippman

When am I reasonably safe from an IRS audit?

I am sure I did my 2020 taxes properly, but there are a couple issues the IRS might want a better explanation of. While...

4 comments posted 4yrs

posted by wadelippman

4 comments posted 4yrs posted by wadelippman

TIN for Trusts

Can one get a TIN for a Trust online? If so, do you get the number right away? TIA

2 comments posted 4yrs

posted by m8r.jn1sdp

2 comments posted 4yrs posted by m8r.jn1sdp

will amended return reduce IRMAA ?

My wife and I filed separate returns in 2020 (MFS), because her situation was very complex (with some inheritance and s...

2 comments posted 4yrs

posted by johngeyles

2 comments posted 4yrs posted by johngeyles

Qualified fuel cell property (form 5695 line 8)

This year, I added a storage battery to my existing solar roof panels. The solar battery company have listed broken the...

4 comments posted 4yrs

posted by the_stan_brown

4 comments posted 4yrs posted by the_stan_brown