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April of 2016, I rolled over 70k out of my company 401k plan to a Traditional IRA with Edward Jones. I received a 1099r from Fidelity. I input this information into Turbo Tax and my Federal owed amount shot up 20k. "Am I suppose to receive something from EJ showing I didn't pocket the money but rolled it over?" I.E. some other 1099 form? Thanks, signed sticker...
Submitted Mar 29, 2017
I am filling out a Life Insurance Claim Form and they are asking for the names of each Life Insurance Company and face value of each of the policies my mom has. Do I have to comply?
Submitted Mar 29, 2017
I have someone who received a home from their parents back in 1967. He gave them $1 for the home. The parent's basis in the home was $6500. The child sold the home in 2016, but we don't know what his basis should be. Would it be $1 or would it be the same basis as the parents had $6500? Thank you.
Submitted Mar 15, 2017
I puchased a seven year annuity from life insurance benefits of my deceased husband in 2013. I am not employed and got a 35, 000 distrubution ,in 2016 also received 1099r from progressive life. do i report this on federal or state. i am 57
Submitted Mar 23, 2017
My child has been accepted to several State colleges and the University of CT. I work for UCONN and my dependent will have a tuition waiver. UCONN is not her first choice and if she attends any other university, she will graduate with loans. The cost of the first two years is about $1000 at UCONN and would be around $40,000 for her first choice. Are there resources...
Submitted Mar 22, 2017
My brother and I have a S corp. I am 71 and he is 62. We have equal shares and we each own a life insurance policy on the other. It seems like a windfall for the heirs of the first to die when the second of us dies. We have never had a formal buy-sell, but are considering one. Troubled about where the proceeds of that second policy goes.
Submitted Mar 21, 2017
I am a CPA, and I have a CPA certificate from NH Board of Accountancy. But I am not an american citizen. How can I become a Tax Return Preparer? And how to obtain the IRS Preparer Tax Identification Number (PTIN)? Regards, Khaled
Submitted Mar 18, 2017
Submitted Mar 13, 2017
Submitted Mar 11, 2017