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<title>Taxes General Forum</title>
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<description>Tax professionals meeting place and answers to queries. &#40;Moderated&#41;</description>
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<pubDate>Fri, 20 Nov 2009 16:30:04 -0500</pubDate>
<webMaster>info@rockryno.com (Rockryno.com)</webMaster>
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<item>
<title>Deduct clean up expenses after tenant moves out</title>
<link>http://www.rockryno.com/taxes/Deduct-clean-up-expenses-after-tenant-moves-out-23767-.htm</link>
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<description><![CDATA[ Are cleanup expenses deductible if they are incurred and paid for after tenants move out and the property is now vacant? -- The post does not have replies yet. <a href="http://www.rockryno.com/taxes/Deduct-clean-up-expenses-after-tenant-moves-out-23767-.htm">Start the discussion here</a> ]]></description>
<pubDate>Fri, 20 Nov 2009 15:51:31 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 20, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-20-2009-23764-.htm</link>
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<description><![CDATA[       CCH Tax News Headlines - November 20, 2009   Federal Headlines:   11/20/2009 - _Reid Schedules Key Procedural Vote on Democratic  Health Care  Reform Bill_ (http://tax.cchgroup.com/news/headlines/2009/nws112009.htm#1)    11/20/2009 - _Stock Tr...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-20-2009-23764-.htm">Start the discussion here</a> ]]></description>
<pubDate>Fri, 20 Nov 2009 13:37:28 -0500</pubDate>
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<item>
<title>Question on using 1 LLC for 2 businesses</title>
<link>http://www.rockryno.com/taxes/Question-on-using-1-LLC-for-2-businesses-23761-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Question-on-using-1-LLC-for-2-businesses-23761-.htm</guid>
<description><![CDATA[ Question on using 1 LLC for 2 businesses Can I use 1 LLC to conduct 2 very different businesses ? I am wondering if the IRS will object to it. I have used the LLC for another business in the past. However, because of the economy that business has al...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/Question-on-using-1-LLC-for-2-businesses-23761-.htm">Start the discussion here</a> ]]></description>
<pubDate>Thu, 19 Nov 2009 22:04:58 -0500</pubDate>
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<title>Statute of Limitations on State IRS tax</title>
<link>http://www.rockryno.com/taxes/Statute-of-Limitations-on-State-IRS-tax-23755-.htm</link>
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<description><![CDATA[ AZ just sent me a bill for $158 (w/ Late File penalty and interest-  $240), for the Tax year 2004.  No explanation or accounting.  I thought  that after 3 years they can't bill me or is that just the US IRS. It will be a PITA to dig back that far to...... The post has 3 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Statute-of-Limitations-on-State-IRS-tax-23755-.htm">discuss here</a> ]]></description>
<pubDate>Thu, 19 Nov 2009 19:31:03 -0500</pubDate>
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<title>Are there special taxes on casinos&#63;</title>
<link>http://www.rockryno.com/taxes/Are-there-special-taxes-on-casinos-23743-.htm</link>
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<description><![CDATA[ Proponents of gambling here in MA argue that legalized gaming would bring $$$ to MA. I realize that casinos would pay income tax on profits and real estate taxes to the local community, etc., but are there unique taxes on casinos (either US or some ...... The post has 7 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Are-there-special-taxes-on-casinos-23743-.htm">discuss here</a> ]]></description>
<pubDate>Thu, 19 Nov 2009 10:17:01 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 19, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-19-2009-23741-.htm</link>
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<description><![CDATA[       CCH Tax News Headlines - November 19, 2009   Federal Headlines:   11/19/2009 - _House Could Consider Jobs Bill Before December  Recess, Hoyer  Says_ (http://tax.cchgroup.com/news/headlines/2009/nws111909.htm#1)    11/19/2009 - _Reid Unveils $8...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-19-2009-23741-.htm">Start the discussion here</a> ]]></description>
<pubDate>Thu, 19 Nov 2009 10:10:38 -0500</pubDate>
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<title>Estimate on Pricing</title>
<link>http://www.rockryno.com/taxes/Estimate-on-Pricing-23736-.htm</link>
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<description><![CDATA[ I'm writing an article on how to apply for the 10% or 20% tax credits for reconstruction of historic buildings. I have the information I need but the National Park Service strongly advises professional assistance in applying. As a short sidebar, I'm...... The post has 1 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Estimate-on-Pricing-23736-.htm">discuss here</a> ]]></description>
<pubDate>Wed, 18 Nov 2009 17:51:29 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 18, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-18-2009-23732-.htm</link>
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<description><![CDATA[       CCH Tax News Headlines - November 18, 2009   Federal Headlines:   11/18/2009 - _Voluntary Offshore Account Disclosures Nearly Twice  Initial  Estimate, Shulman Says_  (http://tax.cchgroup.com/news/headlines/2009/nws111809.htm#1)    11/18/2009 ...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-18-2009-23732-.htm">Start the discussion here</a> ]]></description>
<pubDate>Wed, 18 Nov 2009 10:56:40 -0500</pubDate>
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<title>Net operating loss &#45; rental activity</title>
<link>http://www.rockryno.com/taxes/Net-operating-loss-rental-activity-23707-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Net-operating-loss-rental-activity-23707-.htm</guid>
<description><![CDATA[ Group I have someone who is a real estate professional with respect to multible real estate holdings. An aggregation election had been made in a prior year. Does anyone have any authority that a net operating loss sustained in 2008 or 2009 qualifies...... The post has 2 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Net-operating-loss-rental-activity-23707-.htm">discuss here</a> ]]></description>
<pubDate>Mon, 16 Nov 2009 23:33:46 -0500</pubDate>
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<title>How to determing capital gains on a partial house sale...</title>
<link>http://www.rockryno.com/taxes/How-to-determing-capital-gains-on-a-partial-house-sale-23700-.htm</link>
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<description><![CDATA[ I bought a cottage for $230,000 which consisted of 3 properties. I have now sold two of the properties for $250,000.  How do I determine the  basis?  My lawyer says I should apportion the $230,000 according to the tax  assessment on the three proper...... The post has 15 replies so far. Read more and <a href="http://www.rockryno.com/taxes/How-to-determing-capital-gains-on-a-partial-house-sale-23700-.htm">discuss here</a> ]]></description>
<pubDate>Mon, 16 Nov 2009 14:30:24 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 16, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-16-2009-23694-.htm</link>
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<description><![CDATA[       CCH Tax News Headlines - November 16, 2009   Federal Headlines:   11/16/2009 - _Withholding Rules for Nonresident Alien Employees  Modified  to Account for Making Work Pay Credit Revisions to Withholding  Tables  (Notice 2009-91)_ (http://tax....The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-16-2009-23694-.htm">Start the discussion here</a> ]]></description>
<pubDate>Mon, 16 Nov 2009 10:48:16 -0500</pubDate>
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<title>Received settlement for Iridium Securities Litigation settle...</title>
<link>http://www.rockryno.com/taxes/Received-settlement-for-Iridium-Securities-Litigation-settle-23688-.htm</link>
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<description><![CDATA[ I just received a check from class action litigation against Motorola,  pertaining to Iridium stock (which I still hold) which became worthless. It appears the majority of the settlement is from Motorola and a  fraction from others. I doubt any from...... The post has 11 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Received-settlement-for-Iridium-Securities-Litigation-settle-23688-.htm">discuss here</a> ]]></description>
<pubDate>Sun, 15 Nov 2009 13:08:47 -0500</pubDate>
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<title>How long for a refund on an amended 2007 return&#63;</title>
<link>http://www.rockryno.com/taxes/How-long-for-a-refund-on-an-amended-2007-return-23687-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/How-long-for-a-refund-on-an-amended-2007-return-23687-.htm</guid>
<description><![CDATA[ On 10/27/09 I filed an amended 2007 1040 and am due about $3,000 back. Any idea how long it takes? I filed my 2008 1040 on 10/13/09 and found a website that says the refund  check was mailed on 11/13.  Is there anything comparable for the amended  r...... The post has 2 replies so far. Read more and <a href="http://www.rockryno.com/taxes/How-long-for-a-refund-on-an-amended-2007-return-23687-.htm">discuss here</a> ]]></description>
<pubDate>Sun, 15 Nov 2009 13:08:07 -0500</pubDate>
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<title>Tax Planning Software</title>
<link>http://www.rockryno.com/taxes/Tax-Planning-Software-23685-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Tax-Planning-Software-23685-.htm</guid>
<description><![CDATA[ Can anyone recommend software packages that will look at a particular set of tax inputs (W-2 income, schedule K-1, capital gains, deductions, etc) that will then make recommendations for additional tax planning the tax payer can undertake?   For exa...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/Tax-Planning-Software-23685-.htm">Start the discussion here</a> ]]></description>
<pubDate>Sat, 14 Nov 2009 19:18:36 -0500</pubDate>
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<title>Stock trading &#45; LLC &#63;</title>
<link>http://www.rockryno.com/taxes/Stock-trading-LLC-23682-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Stock-trading-LLC-23682-.htm</guid>
<description><![CDATA[ Is it possible to do stock trading thru an LLC? If so, would I have to open an LLC account with Schwab etc to do this ? Anything else I need to do ? Do I need to file with the IRS  in advance any forms to do this ? Can anyone suggest any way that I ...... The post has 3 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Stock-trading-LLC-23682-.htm">discuss here</a> ]]></description>
<pubDate>Sat, 14 Nov 2009 17:11:22 -0500</pubDate>
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<title>Excel Routines to Calculate Federal and State Taxes&#63;</title>
<link>http://www.rockryno.com/taxes/Excel-Routines-to-Calculate-Federal-and-State-Taxes-23680-.htm</link>
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<description><![CDATA[ Does any vendor sell an Excel library that contains functions that will calculate the Federal and State tax obligations due given inputs of: - Adjusted Gross Income - State of Residence - Filing Status (e.g., Single or Head of Household) - W-2 Incom...... The post has 16 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Excel-Routines-to-Calculate-Federal-and-State-Taxes-23680-.htm">discuss here</a> ]]></description>
<pubDate>Sat, 14 Nov 2009 16:02:29 -0500</pubDate>
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<title>Filing Form 3520 For Foreign Gift or Inheritance</title>
<link>http://www.rockryno.com/taxes/Filing-Form-3520-For-Foreign-Gift-or-Inheritance-23679-.htm</link>
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<description><![CDATA[ As I understand it, a gift from a foreign person to a U.S. person is not taxable to the receiver.  If however the gift exceeds $100K, then a form 3520 must be filed to declare the gift.   My question is what happens in a case where a U.S. person rec...... The post has 4 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Filing-Form-3520-For-Foreign-Gift-or-Inheritance-23679-.htm">discuss here</a> ]]></description>
<pubDate>Sat, 14 Nov 2009 15:34:49 -0500</pubDate>
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<title>Starting date for non&#45;grantor trust</title>
<link>http://www.rockryno.com/taxes/Starting-date-for-non-grantor-trust-23673-.htm</link>
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<description><![CDATA[ As I understand it,  the income of a grantor trust  is reported by the grantor.   When the grantor dies, the succesor beneficiary reports the income of the trust.  Does the switch-over occurs on the date of death?  Or the day before? TIA -- ... The post has 1 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Starting-date-for-non-grantor-trust-23673-.htm">discuss here</a> ]]></description>
<pubDate>Sat, 14 Nov 2009 10:08:16 -0500</pubDate>
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<title>Re&#58; what is magnetic media</title>
<link>http://www.rockryno.com/taxes/Re-what-is-magnetic-media-23667-.htm</link>
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<description><![CDATA[ On Nov 9, 8:00 pm, D. Stussy  But there's been (for about 10 years IIRC) a similar requirement for large partnerships in IRC 6011(e) paragraph 2, and that doesn't seem to have prevented e-filing in these cases.   The applicable regulations seem to b...... The post has 2 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Re-what-is-magnetic-media-23667-.htm">discuss here</a> ]]></description>
<pubDate>Fri, 13 Nov 2009 15:44:13 -0500</pubDate>
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<title>Can I choose to pay estimated tax &#63;</title>
<link>http://www.rockryno.com/taxes/Can-I-choose-to-pay-estimated-tax-23665-.htm</link>
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<description><![CDATA[ I will be retiring soon and will be receiving a pension that is taxable by the federal government only. Can I choose to pay estimated tax quarterly instead of having monthly withholding from my pension check? I will most likely have to pay estimated...... The post has 2 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Can-I-choose-to-pay-estimated-tax-23665-.htm">discuss here</a> ]]></description>
<pubDate>Fri, 13 Nov 2009 13:31:44 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 13, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-13-2009-23664-.htm</link>
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<description><![CDATA[       CCH Tax News Headlines - November 13, 2009   Federal Headlines:   11/13/2009 - _President Announces Jobs Summit, Tax Reform Options  Expected  in December_ (http://tax.cchgroup.com/news/headlines/2009/nws111309.htm#1)    11/13/2009 - _Costs of...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-13-2009-23664-.htm">Start the discussion here</a> ]]></description>
<pubDate>Fri, 13 Nov 2009 10:50:31 -0500</pubDate>
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<title>A good IRS experience</title>
<link>http://www.rockryno.com/taxes/A-good-IRS-experience-23646-.htm</link>
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<description><![CDATA[ as opposed to mediocre or even bad experiences which people like to  write about.  Therefore, this is a complimment. In a nutshell, client had a cp2000 last March regarding stock basis and  since I had just prepared the 1040x for 2007 taking care of...... The post has 3 replies so far. Read more and <a href="http://www.rockryno.com/taxes/A-good-IRS-experience-23646-.htm">discuss here</a> ]]></description>
<pubDate>Thu, 12 Nov 2009 14:51:35 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 12, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-12-2009-23641-.htm</link>
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<description><![CDATA[       CCH Tax News Headlines - November 12, 2009     Federal Headlines:     11/12/2009 - _Technical Non-Compliance with Notice Requirements Did  Not  Elevate Federal Tax Liens to Priority Status (Mountaineer Investments,  LLC,  DC Miss.)_ (http://ta...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-12-2009-23641-.htm">Start the discussion here</a> ]]></description>
<pubDate>Thu, 12 Nov 2009 13:03:03 -0500</pubDate>
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<title>2010&#47;2011 Roth IRA for High Income Taxpayers</title>
<link>http://www.rockryno.com/taxes/2010-2011-Roth-IRA-for-High-Income-Taxpayers-23636-.htm</link>
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<description><![CDATA[ Does the following situation make sense or am I missing something? For taxpayers who do not qualify for Roth IRA contributions due to being over the income limit - can they open a regular non-deductible IRA and immediately convert it to a Roth IRA? ...... The post has 2 replies so far. Read more and <a href="http://www.rockryno.com/taxes/2010-2011-Roth-IRA-for-High-Income-Taxpayers-23636-.htm">discuss here</a> ]]></description>
<pubDate>Thu, 12 Nov 2009 11:01:32 -0500</pubDate>
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<title>Registering new LLC in Maryland or Delaware</title>
<link>http://www.rockryno.com/taxes/Registering-new-LLC-in-Maryland-or-Delaware-23633-.htm</link>
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<description><![CDATA[ My husband and I own a vacation home in Delaware that we use more than 14 days/year and also rent out.  I am interested in limiting my liability by forming an LLC to own the home.  Two questions:  1) We are residents of Maryland but the beach house ...... The post has 14 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Registering-new-LLC-in-Maryland-or-Delaware-23633-.htm">discuss here</a> ]]></description>
<pubDate>Thu, 12 Nov 2009 09:26:32 -0500</pubDate>
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<title>Health Savings Account with high medical expenses</title>
<link>http://www.rockryno.com/taxes/Health-Savings-Account-with-high-medical-expenses-23630-.htm</link>
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<description><![CDATA[ I am on Cal-COBRA after working for a small employer.  I have an HSA- compatible policy and an HSA, but my premiums are high (because of my age) and I use up my deductible and out-of- pociet maximum every year, and also have a lot of uncovered healt...... The post has 3 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Health-Savings-Account-with-high-medical-expenses-23630-.htm">discuss here</a> ]]></description>
<pubDate>Thu, 12 Nov 2009 01:59:35 -0500</pubDate>
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<title>Employer paid education taxes deducted over different tax ye...</title>
<link>http://www.rockryno.com/taxes/Employer-paid-education-taxes-deducted-over-different-tax-ye-23617-.htm</link>
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<description><![CDATA[ So my wife is doing an MBA and her company pays for school. Recently they changed their tax withholding procedures. Before she was able to claim it was work related so no taxes were withheld. Now the company claims that is no longer the case and the...... The post has 2 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Employer-paid-education-taxes-deducted-over-different-tax-ye-23617-.htm">discuss here</a> ]]></description>
<pubDate>Wed, 11 Nov 2009 11:45:15 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 11, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-11-2009-23615-.htm</link>
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<description><![CDATA[       CCH Tax News Headlines - November 11, 2009   Federal Headlines:   11/11/2009 - _Reid Expects Health Reform Debate to Begin Before   Thanksgiving_ (http://tax.cchgroup.com/news/headlines/2009/nws111109.htm#1)    11/11/2009 - _Statutory Hybrid P...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-11-2009-23615-.htm">Start the discussion here</a> ]]></description>
<pubDate>Wed, 11 Nov 2009 10:53:48 -0500</pubDate>
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<title>Federal Energy Tax Credit Requirement</title>
<link>http://www.rockryno.com/taxes/Federal-Energy-Tax-Credit-Requirement-23603-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Federal-Energy-Tax-Credit-Requirement-23603-.htm</guid>
<description><![CDATA[ I searched this newsgroup  for this subject and didn't find my answer. Does someone know where I can get definitive requirements for qualifications  for these tax credits. I've just purchased a house and will be replacing a 1988 vintage  roof-mounte...... The post has 1 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Federal-Energy-Tax-Credit-Requirement-23603-.htm">discuss here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 21:32:16 -0500</pubDate>
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<title>extended home buyer tax credit</title>
<link>http://www.rockryno.com/taxes/extended-home-buyer-tax-credit-23602-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/extended-home-buyer-tax-credit-23602-.htm</guid>
<description><![CDATA[ I have a question about claiming the extended home buyer tax credit. The IRS says that if the qualified home buyer has a binding written contract by April 30, 2010 and closes on the house by July 1, 2010, they can amend their 2009 return and apply t...... The post has 2 replies so far. Read more and <a href="http://www.rockryno.com/taxes/extended-home-buyer-tax-credit-23602-.htm">discuss here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 21:26:43 -0500</pubDate>
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<title>Shame on CCH &#45; was &quot;what is magnetic media&quot; &#40;cf. &quot;Subject&#58; C...</title>
<link>http://www.rockryno.com/taxes/Shame-on-CCH-was-what-is-magnetic-media-cf-Subject-C-23595-.htm</link>
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<description><![CDATA[ URL:  http://tax.cchgroup.com/news/headlines/2009/nws11609.htm#1   House Speaker Nancy Pelosi ... praised the tax provisions in the bill,    calling it a down-payment on the future for middle-class Americans. Figures.  Only she would call a backward...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/Shame-on-CCH-was-what-is-magnetic-media-cf-Subject-C-23595-.htm">Start the discussion here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 17:31:36 -0500</pubDate>
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<title>Re&#58; what is magnetic media</title>
<link>http://www.rockryno.com/taxes/Re-what-is-magnetic-media-23594-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Re-what-is-magnetic-media-23594-.htm</guid>
<description><![CDATA[ Can you say SNAFU? Can you say FUBAR? Can you say Concgress Critters In Action? -- The post does not have replies yet. <a href="http://www.rockryno.com/taxes/Re-what-is-magnetic-media-23594-.htm">Start the discussion here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 16:43:38 -0500</pubDate>
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<title>back&#45;door Roth scheme</title>
<link>http://www.rockryno.com/taxes/back-door-Roth-scheme-23589-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/back-door-Roth-scheme-23589-.htm</guid>
<description><![CDATA[ I recently heard about the following scheme for a (semi-)retired person to sneak money into a Roth ...  Set up an S-Corp.   Pay yourself a paycheck from it.   Do a solo-401K to convert the paycheck money from taxable to tax-sheltered.  The S-Corp gi...... The post has 4 replies so far. Read more and <a href="http://www.rockryno.com/taxes/back-door-Roth-scheme-23589-.htm">discuss here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 16:27:26 -0500</pubDate>
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<title>CCH  Tax News Headlines &#45; November 10, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-10-2009-23578-.htm</link>
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<description><![CDATA[       CCH  Tax News Headlines - November 10,  2009   Federal Headlines:   11/10/2009 - _White House Weighs in on Budget Reconciliation  Protection of  Health Care Reform Bill_  (http://tax.cchgroup.com/news/headlines/2009/nws111009.htm#1)    11/10/2...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-10-2009-23578-.htm">Start the discussion here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 13:27:07 -0500</pubDate>
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<title>Explaining a Loan&#47;Services Rendered in an Audit</title>
<link>http://www.rockryno.com/taxes/Explaining-a-Loan-Services-Rendered-in-an-Audit-23574-.htm</link>
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<description><![CDATA[ I am currently going through an audit with the IRS.  The accountant I have been using ended up screwing up my taxes, so I went into the audit representing myself.  Obviously not the best choice, I realize now.  I've done a decent job so far.  We are...... The post has 5 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Explaining-a-Loan-Services-Rendered-in-an-Audit-23574-.htm">discuss here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 11:22:28 -0500</pubDate>
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<title>HSA &amp; Deducting Medical Expenses.</title>
<link>http://www.rockryno.com/taxes/HSA-Deducting-Medical-Expenses-23572-.htm</link>
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<description><![CDATA[ I was hoping someone could shed some light on a tax question I have: I have an HSA with a HDHP, and my employer contributed $1500 to this HSA this year.  My family deductible was $7000, which we hit this year with the birth of our first child.  I ha...... The post has 9 replies so far. Read more and <a href="http://www.rockryno.com/taxes/HSA-Deducting-Medical-Expenses-23572-.htm">discuss here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 10:08:42 -0500</pubDate>
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<title>Roth recharacterization question</title>
<link>http://www.rockryno.com/taxes/Roth-recharacterization-question-23567-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Roth-recharacterization-question-23567-.htm</guid>
<description><![CDATA[ This is a pretty basic - and simple, I hope - question, but I can't seem to find the answer.   I convert some CASH from trad-IRA to Roth.   I then invest that cash, and the investment loses money.   So I want to recharacterize, for tax savings.    C...... The post has 1 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Roth-recharacterization-question-23567-.htm">discuss here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 03:10:19 -0500</pubDate>
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<title>Re&#58; what is magnetic media</title>
<link>http://www.rockryno.com/taxes/Re-what-is-magnetic-media-23566-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Re-what-is-magnetic-media-23566-.htm</guid>
<description><![CDATA[ On Nov 9, 8:00 pm, D. Stussy  This sounds ridiculous.  Hardly anyone I know uses 3.5 floppies any more.  Most everything is on hard drives, and sometimes the hard drive is on a remote computer. Why would they want to kill eFile?  Isn't that what eve...... The post has 20 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Re-what-is-magnetic-media-23566-.htm">discuss here</a> ]]></description>
<pubDate>Tue, 10 Nov 2009 00:09:49 -0500</pubDate>
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<title>Another Two Member, Now One Member LLC Question</title>
<link>http://www.rockryno.com/taxes/Another-Two-Member-Now-One-Member-LLC-Question-23561-.htm</link>
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<description><![CDATA[ Another client of mine has been in a two member LLC with his brother- in-law for a couple of years now.  He bought out the brother-in-law as of October 31, 2009 and there are no employees. Now he wants to buy a pickup truck before the end of the yea...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/Another-Two-Member-Now-One-Member-LLC-Question-23561-.htm">Start the discussion here</a> ]]></description>
<pubDate>Mon, 09 Nov 2009 19:44:30 -0500</pubDate>
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<title>Two Member LLC; Now Single Member LLC</title>
<link>http://www.rockryno.com/taxes/Two-Member-LLC-Now-Single-Member-LLC-23560-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Two-Member-LLC-Now-Single-Member-LLC-23560-.htm</guid>
<description><![CDATA[ My client has reported rental properties for many years on his jointly filed 1040 schedule E.  In February, 2009 he and his wife signed a (two member) LLC agreement to house these rental properties.  His wife died in September, 2009. I am confused o...... The post has 7 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Two-Member-LLC-Now-Single-Member-LLC-23560-.htm">discuss here</a> ]]></description>
<pubDate>Mon, 09 Nov 2009 19:44:08 -0500</pubDate>
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<title>Housing Capital gains exclusion after transfer to trust&#63;</title>
<link>http://www.rockryno.com/taxes/Housing-Capital-gains-exclusion-after-transfer-to-trust-23550-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Housing-Capital-gains-exclusion-after-transfer-to-trust-23550-.htm</guid>
<description><![CDATA[ How is the capital gain tax exclusion for residential housing effected by transfer of the property to a trust? E.g. bought house for $100K  Y2000 (primary residence),  transferred deed to trust in Y2008,  property is sold in Y2009  (seller is trust)...... The post has 1 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Housing-Capital-gains-exclusion-after-transfer-to-trust-23550-.htm">discuss here</a> ]]></description>
<pubDate>Mon, 09 Nov 2009 16:34:48 -0500</pubDate>
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<title>New Housing tax credit&#63;</title>
<link>http://www.rockryno.com/taxes/New-Housing-tax-credit-23548-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/New-Housing-tax-credit-23548-.htm</guid>
<description><![CDATA[ Exactly how does the current first-time buyer credit (exp. Nov 30) phase out and the new one (just signed into law) begin?  The old one was based on closing date, the new one is based on the contract date, so what happens if you close on a house pur...... The post has 4 replies so far. Read more and <a href="http://www.rockryno.com/taxes/New-Housing-tax-credit-23548-.htm">discuss here</a> ]]></description>
<pubDate>Mon, 09 Nov 2009 15:40:31 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 9, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-9-2009-23545-.htm</link>
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<description><![CDATA[               CCH  Tax News Headlines - November 9, 2009    Federal  Headlines:     11/9/2009 - _House Passes Sweeping Health Care Reform  Bill_  (http://tax.cchgroup.com/news/headlines/2009/nws11909.htm#1)    11/9/2009 - _CCH Audio Seminar, Canada ...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-9-2009-23545-.htm">Start the discussion here</a> ]]></description>
<pubDate>Mon, 09 Nov 2009 12:20:10 -0500</pubDate>
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<title>You must file electronically</title>
<link>http://www.rockryno.com/taxes/You-must-file-electronically-23540-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/You-must-file-electronically-23540-.htm</guid>
<description><![CDATA[ I paid a state estimated tax with a check for $6800.  A few weeks later, I received a nasty note saying that, in the future, all payments in excess of $5000 MUST be filed electronically or there would be a $100 penalty.  Why should they care how I p...... The post has 8 replies so far. Read more and <a href="http://www.rockryno.com/taxes/You-must-file-electronically-23540-.htm">discuss here</a> ]]></description>
<pubDate>Mon, 09 Nov 2009 10:41:32 -0500</pubDate>
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<title>Obtaining old 1040s</title>
<link>http://www.rockryno.com/taxes/Obtaining-old-1040-s-23536-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Obtaining-old-1040-s-23536-.htm</guid>
<description><![CDATA[ Due to using part of their (just-sold) house as a business in tax years 97-99, parents need to retrieve 1040's for those years.  They just completed a move and as of yet are unable to find them. Their tax preparer is retired (he hasn't been contacte...... The post has 8 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Obtaining-old-1040-s-23536-.htm">discuss here</a> ]]></description>
<pubDate>Sun, 08 Nov 2009 11:03:06 -0500</pubDate>
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<title>Software to Track Master Limited Partnership Basis&#63;</title>
<link>http://www.rockryno.com/taxes/Software-to-Track-Master-Limited-Partnership-Basis-23533-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Software-to-Track-Master-Limited-Partnership-Basis-23533-.htm</guid>
<description><![CDATA[ Is there any Excel template, or commercial software, that would help to track cost basis and tax issues related to master limited partnerships?   I would also like to be able to simulate multi-year holding scenarios and try to understand the tax eff...... The post has 4 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Software-to-Track-Master-Limited-Partnership-Basis-23533-.htm">discuss here</a> ]]></description>
<pubDate>Sat, 07 Nov 2009 15:34:09 -0500</pubDate>
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<title>CCH Tax News Headlines &#45; November 6, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-6-2009-23531-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-6-2009-23531-.htm</guid>
<description><![CDATA[       CCH Tax News Headlines - November 6, 2009     Federal Headlines:   11/6/2009 - _House Clears Unemployment Extension with Tax  Provisions_  (http://tax.cchgroup.com/news/headlines/2009/nws11609.htm#1)    11/6/2009 - _$123.5 Million in Undeliver...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-6-2009-23531-.htm">Start the discussion here</a> ]]></description>
<pubDate>Fri, 06 Nov 2009 11:48:18 -0500</pubDate>
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<title>Estimating the value of an estate</title>
<link>http://www.rockryno.com/taxes/Estimating-the-value-of-an-estate-23530-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/Estimating-the-value-of-an-estate-23530-.htm</guid>
<description><![CDATA[ Questions: We are trying to plan ahead as my wife is terminal with cancer. When trying to estimate the value of an estate for tax purposes and splitting between the Living Trust and the Residual Trust does one consider the value of the deceased IRA ...... The post has 5 replies so far. Read more and <a href="http://www.rockryno.com/taxes/Estimating-the-value-of-an-estate-23530-.htm">discuss here</a> ]]></description>
<pubDate>Fri, 06 Nov 2009 10:55:44 -0500</pubDate>
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<title>how best to handle taxes on a Roth conversion</title>
<link>http://www.rockryno.com/taxes/how-best-to-handle-taxes-on-a-Roth-conversion-23527-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/how-best-to-handle-taxes-on-a-Roth-conversion-23527-.htm</guid>
<description><![CDATA[ I'm semi-retired with no earned income in 2009.   I want to use my 15% bracket to make a Roth conversion.   I'm wondering how most gracefully to handle taxes.   One option is to convert the entire (let's say $20,000) with no withholding; this means ...... The post has 3 replies so far. Read more and <a href="http://www.rockryno.com/taxes/how-best-to-handle-taxes-on-a-Roth-conversion-23527-.htm">discuss here</a> ]]></description>
<pubDate>Thu, 05 Nov 2009 16:48:39 -0500</pubDate>
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<title>  CCH Tax News Headlines &#45; November 5, 2009</title>
<link>http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-5-2009-23526-.htm</link>
<guid isPermaLink="true">http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-5-2009-23526-.htm</guid>
<description><![CDATA[       CCH Tax News Headlines - November 5, 2009     Federal Headlines:   11/5/2009 - _House Expected to Consider Health Reform Bill on  November 7_  (http://tax.cchgroup.com/news/headlines/2009/nws11509.htm#1)    11/5/2009 - _Senate Approves Unemplo...The post does not have replies yet. <a href="http://www.rockryno.com/taxes/CCH-Tax-News-Headlines-November-5-2009-23526-.htm">Start the discussion here</a> ]]></description>
<pubDate>Thu, 05 Nov 2009 09:49:19 -0500</pubDate>
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