Latest threads in Taxes General Forumshow only best voted threads
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Liquidating a 6 year old Roth IRA -- any tax consequences?
My spouse and I contribuited $2000 each to our Roth IRAs in 1999 and again in 2000. Uufortunately, starting with 2001, based on AGI, we have been completely phased out from any further contribution to...
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17 years ago
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Expenses for a writer with no income for the year
What if I had no income as a writer for 2004, 2005, 2006. And in 2007 I am writing and researching a book which will not generate income until 2008 or even 2009. Can I still deduct these expenses and...
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17 years ago
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taxfree estate ??
Hypothetical situation: Happy, healthy couple has potential estate valued at over $2 million, wanting to bequeath proceeds (whatever it's called) to children for the benefit of grandchildren (each...
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17 years ago
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If Brokerages Reported Cost Basis
I read that one area where the IRS is looking to reduce fraud and abuse is in cost basis. There is talk about having brokerages report cost/basis just as they now report sale proceeds. I am wondering...
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17 years ago
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eFile Joint with deceased spouse
Can I do eFile with deceased spouse? How to handle the required spouse signature? Yes, I am also the executor. Carl
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17 years ago
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Real-life scenario regarding rental property that is also a partner's personal residence
This scenario is probably pretty common for you tax pros out there, but I'm needing a little bit of clarity in my thinking about it. My roommate owns (along with his father who lives elsewhere far...
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17 years ago
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Trading profits into a tax-deferred account
At the end of the year, if I incorporate a trading account I have, can I take my profits, or part of them and put them in an IRA of some sort? (Assume I have trader status and have no other job.)
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17 years ago
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Non business bad debt deduction
Unfortunately, I'm owed a substantial amount as an unsecured creditor of an entity which is currently in Chapter 11. Even more unfortunately, the loan is a "non-business" debt. It turns out that the...
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17 years ago
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Disregarded Entity - Account Registration
Good morning, all. I am a single owner member of an LLC and use my SSN for reporting. My brokerage firm tells me that the only way to avoid the "B" Notice/Backup Withholding issue is to register the...
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17 years ago
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CCH TAX NEWS for November 22, 2006
CCH TAX NEWS for November 22, 2006 FEDERAL NEWS Guidance Provided on Extension of Alternative Deficit Reduction Contribution Election (Notice 2006-105) House Predicts Slower Economic Growth, Reaffirms...
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17 years ago
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CCH TAX NEWS for November 21, 2006
CCH TAX NEWS for November 21, 2006 1041 FIDUCIARY INCOME TAX UPDATE. Join noted tax practitioner and educator, Robert Barnhill, J.D., CPA, PFS, CFP, as he reviews the preparation of the fiduciary...
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17 years ago
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CCH TAX NEWS for November 20, 2006
CCH TAX NEWS for November 20, 2006 FEDERAL NEWS Smartcards and Debit Cards May Be Used to Provide Qualified Transportation Fringe Benefits (Rev. Rul. 2006-57) Identified Under Which Disclosure Is...
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17 years ago
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non-resident alien tax questions
Thanks in advance for any knowledgable replies. My wife is a non-resident alien who has been never even stepped foot in the United States and works for a foreign-based bank in the Middle East. She has...
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17 years ago
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Another Roth conversion question
DH is 68. We live in a state with no income tax but will be moving in a couple years to one with an income tax. I am considering moving some of his regular IRA money to his Roth. Our current tax...
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17 years ago
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Is it possible to deduct my son's disability?
We have a 23 year old son, who has recently been diagnosed with Asperger's Disorder, which is a form of higher functioning autism. There is a possibility that he will not be able to ever hold down a...
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17 years ago
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