Taxes General Forum

No brainer? Conversion to Roth IRA

I'm single, 32 years old, no dependents. I have $6,000 in a standard IRA. Income this year (including dividends from mu...

6 comments posted 16yrs

posted by odiegoogle

6 comments posted 16yrs posted by odiegoogle

CA withholding on rents

While waiting for the Christmas ham to cook --- got a letter from my CA property manager. I own rental real estate in C...

3 comments posted 16yrs

posted by 75270_3703a

3 comments posted 16yrs posted by 75270_3703a

Effective tax rate?

Is the following the proper way to calculate the effective tax rate? Let: Taxable income on Federal return = I1 Federal...

4 comments posted 16yrs

posted by kaikow

4 comments posted 16yrs posted by kaikow

SBBT cuts off RALs, will sell tax division

Santa Barbara Bank & Trust has been forced by regulators to stop offering RALs. This is an immediate serious problem fo...

2 comments posted 16yrs

posted by bob_usenet

2 comments posted 16yrs posted by bob_usenet

Statistical Profiling of Schedule C Audits

Amir Aczel is a statistics professor who profiled what kinds of returns get audited. He found that when a Schedule C sh...

8 comments posted 16yrs

posted by persistentone

8 comments posted 16yrs posted by persistentone

federal energy efficiency tax credit for 2009

Background: Just completed installation of a 25 SEER heatpump (similar to A/C) system. Paid $1400 minus instant utility...

1 comments posted 16yrs

posted by michael

1 comments posted 16yrs posted by michael

Foreclosure & Tax

I understand Cancellation of Debt Income is not taxable if loan was a non-recourse loan for purchase of a personal resi...

1 comments posted 16yrs

posted by vj445

1 comments posted 16yrs posted by vj445

DNI computation and Cash basis

I understand that the DNI computation can be on a cash basis -- regardless of whether the trust itself is on cash or ac...

0 comments posted 16yrs

posted by mirss7c1001

0 comments posted 16yrs posted by mirss7c1001

Converting vs. Conversion for a Roth

Each of the past few years, my sister has put $6000 into an IRA. I do this acting as Power of Attorney for my sister. A...

4 comments posted 16yrs

posted by kaikow

4 comments posted 16yrs posted by kaikow

Private Foundations, etc.

Can anyone recommend a good reference book on Private Foundations, CRTs, CLTs, etc. that is directed to the legal (poss...

5 comments posted 16yrs

posted by pleasenospam

5 comments posted 16yrs posted by pleasenospam

CCH Tax News Headlines - December 23, 2009

CCH Tax News Headlines - December 23, 2009 Federal Headlines: 12/23/2009 - _Baucus, Grassley Vow 2010 Action on Extende...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Energy Tax Credit (TY 2009)

I have heard conflicting opinions on being eligible for the TY 2009 energy credits. If I buy an energy efficient Dish W...

3 comments posted 16yrs

posted by don

3 comments posted 16yrs posted by don

CCH Tax News Headlines - December 22, 2009

CCH Tax News Headlines - December 22, 2009 Federal Headlines: 12/22/2009 - _Senate Clears Major Hurdle Toward Passage o...

0 comments posted 16yrs

posted by taxservice

0 comments posted 16yrs posted by taxservice

Kiddie Tax and American Opportunity Tax credit

I have a son in college and am considering the following for 2010: Background. My son is a freshman in college, and we...

5 comments posted 16yrs

posted by adwagner

5 comments posted 16yrs posted by adwagner

Difficult Gift Tax Question restated

I previously said I loaned my son 100M to start a small construction company and I doubt if he could ever pay back the...

10 comments posted 16yrs

posted by roncpa83

10 comments posted 16yrs posted by roncpa83