Taxes General Forum

Homeowner Exemption for LLC?

I received a question about whether or not property owned by an LLC taxed as a disregarded entity, will qualify for the...

2 comments posted 7yrs

posted by spamtrap

2 comments posted 7yrs posted by spamtrap

Institution says IRS says my name/SSN combo is wrong - but it isn’t

Very strange. One (and only one!) of the quite a few financial institutions I have accounts at has sent me a letter cla...

1 comments posted 7yrs

posted by rlcarr

1 comments posted 7yrs posted by rlcarr

Convert a Withdrawal to a Rollover?

I just did a $25,000 withdrawal from my employer SEP account. 1) My first question is..., If I decide to put that $25,0...

4 comments posted 7yrs

posted by TomR

4 comments posted 7yrs posted by TomR

Assistance with 1099-B for 2017

I am late on my 2017 taxes and have been having a hard time entering in information for a 2017 1099-B form I had gotten...

4 comments posted 7yrs

posted by pdntspad802

4 comments posted 7yrs posted by pdntspad802

Tax refunded - What would you do?

Begin quote: = = = = = = = Dear Sir; After filing our tax return we discovered a previously-unreported 1099 that consis...

6 comments posted 7yrs

posted by nadcixelsyd

6 comments posted 7yrs posted by nadcixelsyd

Foreign Partner

Domestic partnership with foreign partners invests in rental real estate. According to the IRS web page dealing with Ef...

4 comments posted 7yrs

posted by spamtrap

4 comments posted 7yrs posted by spamtrap

Leaving an IRA to an Estate

What happens if you leave a traditional IRA to an estate? I know it has to be distributed within 5 years, and that tax...

6 comments posted 7yrs

posted by dontspamme

6 comments posted 7yrs posted by dontspamme

TMV v. additional IRA withdrawal to reduce future RMDs?

Financial advisors suggest transferring some amount from IRAs to a Roth IRA in order to reduce future RMDs. For example...

3 comments posted 7yrs

posted by joeu2004.5

3 comments posted 7yrs posted by joeu2004.5

When does Calif publish 2018 income tax rate schedule?

When does Calif make the 2018 income tax rate schedule available to the public? Is it available to tax professional soo...

2 comments posted 7yrs

posted by joeu2004.5

2 comments posted 7yrs posted by joeu2004.5

Disclaiming an inheritance

Decedent died in 2012, the estate consisting of savings distributed via a pourover trust to the heirs, the heirs being...

4 comments posted 7yrs

posted by spope384

4 comments posted 7yrs posted by spope384

Resident for several years in Florida, has IRA in Maine bank - State Tax liability or not

Several years residency in Florida, wants to withdraw funds from a savings & loan bank in Maine. No state income tax in...

11 comments posted 7yrs

posted by nowhere

11 comments posted 7yrs posted by nowhere

Failure to file Gift Tax return form 709 25 years ago

In about 1998, my mother-in-law passed and her apartment was willed to my wife. 6 months later my wife put the apartmen...

4 comments posted 7yrs

posted by arnie.goetchius

4 comments posted 7yrs posted by arnie.goetchius

AMT tax and LTCGs

When calculating AMT taxes, does LTCG retains its preferential rates? e.g. Let's say I have a $2 mil. LTCG and have no o...

2 comments posted 7yrs

posted by m8r.jn1sdp

2 comments posted 7yrs posted by m8r.jn1sdp

Failure to file gift tax return

In another thread I started, someone said that filing a gift tax return is a pain in the neck. What is the penalty for...

10 comments posted 7yrs

posted by nadcixelsyd

10 comments posted 7yrs posted by nadcixelsyd

Postponing / avoiding capital gains tax.

This is more than hypothetical as it involves a relative. Adam, age 71, is single without offspring. Adam has recently...

10 comments posted 7yrs

posted by nadcixelsyd

10 comments posted 7yrs posted by nadcixelsyd