Taxes General Forum

Can a sale of private stock with a fixed amount held back in escrow for 1 year and made "available to the buyer in certain situations to cover indemnification claims" be reported using "open transaction" method?

Background. I owned series A and series B preferred stock in a private company that merged with a public company in 201...

1 comments posted 9yrs

posted by Riotubes

1 comments posted 9yrs posted by Riotubes

FATCA and Income Tax

I think I've asked this before, but I can't find the answer. A U.S. citizen residing overseas has stock in a U.S. compa...

1 comments posted 9yrs

posted by larry.israel100

1 comments posted 9yrs posted by larry.israel100

Mileage Deduction

I would like to deduct mileage and tolls for transporting my son to and from private school in 2016, is that possible? T...

1 comments posted 9yrs

posted by 12vman

1 comments posted 9yrs posted by 12vman

RMD Checks to charity not posted till after Jan 1

I sent several checks directly to charities from my Fidelity IRA in Dec for my 2016 RMD so as to eliminate having to pa...

8 comments posted 9yrs

posted by prpfeifaa

8 comments posted 9yrs posted by prpfeifaa

Question on Exchange

8 months ago I purchased a small commercial property via a 1031 exchange. It was almost an even exchange. I paid for th...

0 comments posted 9yrs

posted by jessica.beltz

0 comments posted 9yrs posted by jessica.beltz

HSA distribution to almost-qualifying dependent

Do I read Pub. 969 correctly that I can use my HSA to pay the medical expenses of my son age 20, not a full-time studen...

1 comments posted 9yrs

posted by rachelms79

1 comments posted 9yrs posted by rachelms79

1099 issue - income reported by payor but was never received by payee

Has anyone had any experience with a taxpayer receiving a 1099-MISC for what has turned out to be a "PONZI" scheme? The...

1 comments posted 9yrs

posted by chtax

1 comments posted 9yrs posted by chtax

Minimum Required Withdrawal Question, Please ?

Hello, Regarding the Minimum Required Withdrawal: Where do you place the amount ? On Schedule B, or... ? Much thanks for...

1 comments posted 9yrs

posted by rgsros

1 comments posted 9yrs posted by rgsros

1099-R - issued to one, but distributed to 3 children - how to handle

Hi, I'm hoping someone can help me. My dad passed away in 2004. Last year I was contacted by Aetna saying he had a annu...

7 comments posted 9yrs

posted by lkosturko

7 comments posted 9yrs posted by lkosturko

Our SSA payments got reduced!

I was age 80 last year and my wife 72. I was shocked, shocked when we received notices from SSA late last year that our...

3 comments posted 9yrs

posted by Jwisnia18

3 comments posted 9yrs posted by Jwisnia18

Charitable deduction if reimbursed by child

If I make charitable donations during the year (about $2000), and on 12/31 my adult child (who does not itemize deducti...

1 comments posted 9yrs

posted by rachelms79

1 comments posted 9yrs posted by rachelms79

California FTB - no more fill in forms???

It seems that the FTB has removed ALL fill in forms for ALL years from its web site. What gives???

4 comments posted 9yrs

posted by nospamplease

4 comments posted 9yrs posted by nospamplease

Partial conversion from traditional IRA to Roth IRA

My wife and I are married filing joint. We are over the AGI limit for ROTH contributions. It appears, however, that we...

2 comments posted 9yrs

posted by kennethalevin

2 comments posted 9yrs posted by kennethalevin

Roth distributions after conversion from traditional

I've been reading Pub 590-B, and I'd just like to make sure I'm reading it correctly. I'm currently in my mid-60s, seve...

0 comments posted 9yrs

posted by the_stan_brown

0 comments posted 9yrs posted by the_stan_brown

Date of Charitable Contribution When the Bank Generates the Check?

Instead of writing a check and dropping it in the mail before the end of the year I log into my bank account and direct...

0 comments posted 9yrs

posted by typed44295

0 comments posted 9yrs posted by typed44295