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Underwithholding of Tax

Please note that I am not a tax professional... This is a hypothetical question. Let's assume that it only became clear...
1 comments posted 10yrs
posted by nospam
1 comments posted 10yrs posted by nospam

RMD Calculation

Here is what should be a fairly straight forward question, but the answer to which is not so obvious. And maybe that is...
6 comments posted 10yrs
posted by daniel.schumacher1
6 comments posted 10yrs posted by daniel.schumacher1

Underpayment of Taxes Penalty

In TY 2014, I received a refund of $650 since I had too much withheld during the year. In TY 2015, if I owe $6500 for t...
2 comments posted 10yrs
posted by bh2os62
2 comments posted 10yrs posted by bh2os62

1099-INT, line 13

For the first time, I have an amount reported on line 13 of the 1099-INT from my brokerage account. Where do I report t...
11 comments posted 10yrs
posted by See.above
11 comments posted 10yrs posted by See.above

From Andy

Rick If you haven't found one already here is a website which has the RMD chart for your IRA account.... http://www.roth...
0 comments posted 10yrs
posted by MJandB
0 comments posted 10yrs posted by MJandB

Losses on a bad investment?

Back in 2008 I allowed myself to be persuaded to buy into Provident Royalties, a supposed oil and gas leasing firm that...
9 comments posted 10yrs
posted by ameyer2
9 comments posted 10yrs posted by ameyer2

Required Installment Loan Reporting

I am always relieved to see you're still here year after year. I am owner-financing an installment loan on a parcel of...
1 comments posted 10yrs
posted by 1234
1 comments posted 10yrs posted by 1234

Paying tax on trust

I set up and funded a special needs trust for my daughter. All of the earnings in the trust are retained. If I pay the t...
2 comments posted 10yrs
posted by leon.g
2 comments posted 10yrs posted by leon.g

Non-IRA Annuity Distributions - Taxable Income?

In one of our joint non-retirement brokerage accounts my wife and I have an annuity which we purchased with funds that...
1 comments posted 10yrs
posted by Jwisnia18
1 comments posted 10yrs posted by Jwisnia18

Should I itemize deductions even if I don't need to?

My itemized deductions are greater than the standard deduction. But my taxes are zero even if I take the standard deduc...
5 comments posted 10yrs
posted by dreamer00408
5 comments posted 10yrs posted by dreamer00408

Negative AGI increases some Sched A deductions? (!)

When Form 1040 Line 38 is negative, it appears that some Sched A deductions are __increased__, notably Line 4 and Line...
6 comments posted 10yrs
posted by dreamer00408
6 comments posted 10yrs posted by dreamer00408