Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
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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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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Spanish American War tax refund for 2006
In 1898 Congress passed a one percent luxury tax on the new rich people's gizmo called the telephone to finance the Spanish-American War. (where the US acquired Cuba, Phillipines, Puerto Rico, etc.)...
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Section 351 or 354 or Section 721?
I would like to transfer publically traded stocks (like Intel) from a personally titled Ameritrade account into a new Partnership (LLC) account with Ameritrade. So long as I maintain a majority...
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Roth conversion questions
I am considering converting some rollover IRA funds to Roth IRA this year (because of some education tax credits, which would make the tax on the conversion essentially zero). I am 60 years old. I...
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Converting past S Corp wages to dividends. Opinions needed if IRS will allow?
(Disclaimer: I know I tried to do too much by myself with too little information. If I am just stuck I understand that is the price I pay for not getting more advice.) Back in 2002 a friend and I...
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CCH TAX NEWS for November 17, 2006
CCH TAX NEWS for November 17, 2006 FEDERAL NEWS IRS Provides Formula for Estimating Telephone Tax Refund (IR-2006-179) Department Issues New U.S. Model Income Tax Convention (TDNR HP-168) NEWS...
 
Why Tax rate different form purchase price?
I just received my Title Complete Notice for a used Volkswagen I bought and noticed that the "Original Tax Value" is several thousand dollars higher than the purchase price I paid. Will the cost for...
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Section 351 or 354 transfer? to LLC / Partnership
If I transfer publically held shares of stock from an investment account held currently in a personal account with Ameritrade into an account titled in an LLC (Partnership) with Ameritrade and I...
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Reverse Exchange and Filling out 8824
I have a reverse exhange situation.... 1. I am doing a REVERSE 1031 Exchange 2. Replacement property is held by Exchange Accomodation Title holder on 6/20/2006 3. Relinquished property is identified...
 
Eligibility to open and maintain a solo 401(k) plan?
What exactly are the eligibility requirements for a sole proprietor to open and maintain a solo 401(k) plan? In reading the materials that brokers, etc. have about these plans, they don't actually...
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Creditor to IRS
This is one of those, "I don't feel that great even asking this question, but I will anyway". T/P files return, resulting in overpayment of $1000, should get refund. IRS sends $1000 to college as...
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CCH TAX NEWS for November 16, 2006
CCH TAX NEWS for November 16, 2006 FEDERAL NEWS Thomas Says Extenders Bill Likely to Include Noncontroversial Tax Policy Changes Hybrids Still Qualify for Tax Credit (IR-2006-177) NEWS California...
 
Cal prop 13 question
Can prop 13 be passed on twice ? My dad inherited his mom's house, and prop 13 along with it. So the property tax is very low. This house will go to me next, but will the taxes jump to current market...
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Adding a party to a real estate deed, what are the tax implications?
I have a relative that wants to add my wife to the deed of her house, so that when she dies my wife will get her house. From what I have read, this is a bad way to transfer real property. First, it...
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