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IRA Tax Question [Split Due to Divorce]

I hope one of you resident tax experts can help me with this. I have an IRA that has a tax basis. My wife and I are divorcing. We are going to split the IRA. Does the tax basis also get split in the same ratio as the the value of the IRA or can we allocate it as we see fit? I would like to split the...
by JimHalpert
Thu Feb 14, 2013 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA Tax Question [Split Due to Divorce]
Replies: 7
Views: 777

Re: Tax Form 8938 - Statement of Specified Foreign Fin'l Ass

I own stock in a Canadian company that I keep in my safe deposit box. It is listed on the NYSE. Anyone know if this is an asset that needs reporting on the new tax form 8938? TIA. http://www.irs.gov/businesses/corporations/article/0,,id=255061,00.html Based on reading the above document, it appears...
by JimHalpert
Wed Apr 04, 2012 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Form 8938 - Statement of Specified Foreign Fin'l Assets
Replies: 18
Views: 2566

Tax Form 8938 - Statement of Specified Foreign Fin'l Assets

I own stock in a Canadian company that I keep in my safe deposit box. It is listed on the NYSE. Anyone know if this is an asset that needs reporting on the new tax form 8938? TIA.
by JimHalpert
Sun Apr 01, 2012 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Form 8938 - Statement of Specified Foreign Fin'l Assets
Replies: 18
Views: 2566

Re: Seeking input: AWD or 2WD?

My last car had AWD.

My current car does not. AWD was not worth the extra $1,000+ upfront and 1mpg gas penalty in my opinion. AWD was an option on my current car but I intentionally did not get it with that feature.

I live in Atlanta. If I lived up north my opinion would be different.
by JimHalpert
Tue Dec 27, 2011 2:41 pm
 
Forum: Personal Consumer Issues
Topic: Seeking input: AWD or 2WD?
Replies: 41
Views: 2406

Re: Take SAT exam again?

won't hurt to take it again; a lot of kids do.

perhaps the question should be if your child should take the ACT exam instead. they test knowledge differently, find out the differences between it and the SAT and decide.
by JimHalpert
Sun Dec 25, 2011 9:57 am
 
Forum: Personal Consumer Issues
Topic: Take SAT exam again?
Replies: 37
Views: 2536

Re: Giving 18 year old the car and own insurance policy

i have the EXACT same circumstances as you do. i suspect, however, the putting the vehicle in my college kids name and getting a stand alone policy would be MORE expensive overall. but that would be ok if by doing this I would have no liablility in the case of a catastrophic accident. but i also sus...
by JimHalpert
Thu Dec 08, 2011 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Giving 18 year old the car and own insurance policy
Replies: 18
Views: 1948

Re: Which HDTV to buy?

I talked to the costco expert about that very tv. He said that if the only thing you watched was blu ray dvds that it was the best one they had. However, he said that when watching regular tv shows that the picture looked "fake" a lot of the time. He recommended not to get the samsung, and...
by JimHalpert
Sat Nov 26, 2011 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Which HDTV to buy?
Replies: 16
Views: 1708

Re: Do you miss the 90's

i certainly miss getting a stock quote in the middle of the day and seeing that mindspring (to give an example) was up 20 points that day!
by JimHalpert
Tue Nov 22, 2011 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Do you miss the 90's
Replies: 49
Views: 2868

Re: CPA Exam Cost (What would you do?)

i'm a cpa, didn't use a review course, i used my college texts and old cpa exam q & a to study. people who paid and used becker could return and retake the course for free if they didn't pass the exam. is this no longer the case? becker has the best reputation. i've used gleim for cpe credit and...
by JimHalpert
Tue Nov 22, 2011 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: CPA Exam Cost (What would you do?)
Replies: 34
Views: 1971

Re: Does anyone own a VitaMix blender?

Well, I found this blender comparison on YouTube by Popular Mechanics. Not sure whether to believe it's really PM but I was shocked at the results. http://www.youtube.com/watch?v=FkcgBwbE7nw i was shocked that the "tester" didn't know how to pronounce vita mix nor did she even know how to...
by JimHalpert
Mon Nov 21, 2011 2:26 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone own a VitaMix blender?
Replies: 44
Views: 3867

Re: Does anyone own a VitaMix blender?

i use mine at least once a day monday thru friday. usually more. it stays on the countertop; doesn't make sense to put it in the cabinet it gets used so much. no need for a regular blender if you have one of these. much easier to clean also. healthier than a juicer. juicer removes the pulp. vitamix ...
by JimHalpert
Fri Nov 18, 2011 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone own a VitaMix blender?
Replies: 44
Views: 3867

Re: Advice re dealing with tree damage to neighbor's car

a few years ago a neighbors tree fell into my yard and took a couple of my trees along with it. my insurance company said that the expense for all that was my responsibility, and since none of the trees hit the house or cars that nothing was payable by insurance. total clean up expense was $3,000 wa...
by JimHalpert
Tue Nov 01, 2011 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice re dealing with tree damage to neighbor's car
Replies: 40
Views: 2332

Re: Georgia Income Tax

From what I can gather from the internet, this ad valorem car tax is assessed each year on your birthday and is quite expensive. It appears that my daughter's 2010 Honda CRV will cost $420 per year...versus a mere $36 to register each year in Pennsylvania. Does this sound right? that may or not be ...
by JimHalpert
Sun Oct 30, 2011 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Georgia Income Tax
Replies: 12
Views: 567

Re: Watering down juice & milk

back when the kids drank apple juice, i noticed that the only difference between "regular" and "low sugar" was the addition of water. the "low sugar" version was half regular juice and half water. nothing else. and the price was the same! so ever since that discovery i ...
by JimHalpert
Thu Oct 27, 2011 4:32 pm
 
Forum: Personal Consumer Issues
Topic: Watering down juice & milk
Replies: 71
Views: 4555

Re: Cost Basis Accounting - IRA Accounts

well, i haven't gone to the web site, but i imagine you are referring to ira's that have non-deductible contributions made to them and thus the cost basis is very important.
by JimHalpert
Tue Oct 25, 2011 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cost Basis Accounting - IRA Accounts
Replies: 9
Views: 642

Re: Interview Feedback/What do you make of this?

betterinvestor2012 wrote:
A month went by and I flew to the midwest where I was one of 20 candidates that interviewed the morning after a cocktail reception.


so they had all 20 of the candidates meet at a cocktail reception? i've never experienced anything close to that! is this normal in your industry?
by JimHalpert
Tue Oct 25, 2011 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Interview Feedback/What do you make of this?
Replies: 31
Views: 2628

Re: Amazon Prime membership "streaming video"

i just joined amazon prime a couple weeks ago so i'll just pass on something clark howard said on his radio show last week. amazon prime just signed an agreement so that the number of titles they offer will greatly increase and will soon be roughly equal to what netflix offers. current library is ju...
by JimHalpert
Wed Oct 19, 2011 12:03 pm
 
Forum: Personal Consumer Issues
Topic: Amazon Prime membership "streaming video"
Replies: 10
Views: 929

i'm a cpa. years ago i interviewed with h&r block for some part time work. the money was low - minimum wage or just a bit more - with some kind of bonus if i stayed the entire season. being a cpa was actually a disadvantage rather than an advantage as to getting the job; they were concerned at s...
by JimHalpert
Mon Sep 26, 2011 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: tax return preparation flop
Replies: 17
Views: 1510

if i wanted to have "fun" i certainly wouldn't invest it - i'd either use it for a short vacation or buy a "toy" i wouldn't otherwise. to answer your question, if i have to have "fun" via an investment i'd scour the internet message boards and come up with some "ho...
by JimHalpert
Fri Sep 23, 2011 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would you do as a $1,000 "fun" investment?
Replies: 60
Views: 4932

LH wrote:so can they stop you from using a heloc after its been granted?


not only that, but according to clark howard they can take back the money if you put it in checking/savings account if they want to. to be safe he recommends putting heloc proceeds in a different bank.
by JimHalpert
Thu Sep 22, 2011 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: tapping a HELOC before you need it
Replies: 17
Views: 1295

interesting.... Examining the results of the Mensa investment club provides an amusing bit of evidence on the ability of individual investors to produce alpha. It seems logical that if any group of individuals could beat the market, it would be the members of the Mensa club. Mensa is the largest and...
by JimHalpert
Wed Sep 21, 2011 8:12 pm
 
Forum: Personal Consumer Issues
Topic: Mensa Be Brilliant Coupon
Replies: 72
Views: 6664

i thot it was overrated; no way that it deserved an 8.8 on imdb or a 93 on rotten tomatoes (scores when i saw it last friday).

i give it a "wait for the rental" rating.
by JimHalpert
Tue Sep 20, 2011 7:13 pm
 
Forum: Personal Consumer Issues
Topic: The movie Drive
Replies: 7
Views: 1061

i just bought a new car but i researched both carmax and enterprise for used options. i wouldn't let the fact that a car was rental stop me from purcasing one, however, i thot the selling prices both places were asking did not make economic sense when compared to the price of a new vehicle.
by JimHalpert
Fri Sep 09, 2011 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: buying car from rental cr companies
Replies: 8
Views: 1000

Re: Ed Slott ... worth the time???

malloc wrote:But he is sooooooooo slooooow that I fall asleep or just give up.


hahaha, a month ago or so he was on the local pbs station and he was going to tell us "the definitive answer" as to whether one should convert their ira's to roth ira's.

i don't know what he said. i fell asleep.
by JimHalpert
Tue Sep 06, 2011 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ed Slott ... worth the time???
Replies: 22
Views: 3817

i know this is going to sound ridiculous, but i just can't take any advice from an adult who chooses to use a star wars character as an avatar.
by JimHalpert
Tue Sep 06, 2011 12:41 pm
 
Forum: Personal Consumer Issues
Topic: where is Adrian Nenu?
Replies: 62
Views: 8229

yes, i have high triglycerides and they help quite a bit.
by JimHalpert
Fri Sep 02, 2011 2:15 pm
 
Forum: Personal Consumer Issues
Topic: Do you take a fish oil/omega 3 supplement?
Replies: 191
Views: 16335

Balance wrote:The most fun I have and some of my best memories have been during times where I really didn't need to spend much at all.



agree. a few years back i thru-hiked the appalachian trail from georgia to maine. took 5 months. all of my needs were met on about $100 a week.
by JimHalpert
Tue Aug 30, 2011 9:28 am
 
Forum: Investing - Theory, News & General
Topic: Why not spend some of it?
Replies: 72
Views: 8443

if you had watched "holmes on homes" last nite you would probably change your mind about doing a bath renovation... Oh no. What happened? more or less a typical "holmes on homes" show. homeowner contracted for a 50K bathroom remodel, contractor did about half the work, homeowner...
by JimHalpert
Tue Aug 30, 2011 9:02 am
 
Forum: Personal Consumer Issues
Topic: Bathroom renovation-advice please!
Replies: 52
Views: 6146

I wrote my first review last week. A truecar dealer - actually according to truecar the lowest price dealer of the 3 truecar dealers - did not give me a price quote. I contacted the salesman and told him to light a fire under the sales manager. No quote. I used the online chat function. No quote. I ...
by JimHalpert
Mon Aug 29, 2011 5:50 pm
 
Forum: Personal Consumer Issues
Topic: Yelping
Replies: 23
Views: 2292

if you had watched "holmes on homes" last nite you would probably change your mind about doing a bath renovation...
by JimHalpert
Mon Aug 29, 2011 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Bathroom renovation-advice please!
Replies: 52
Views: 6146

for a fun car I'd get a miata (top choice) or if you didn't want a convertible then a mini.
by JimHalpert
Sun Aug 28, 2011 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Help me choose a car please.
Replies: 50
Views: 5476

i'm the OP; just wanted to update what happened to all those who replied earlier. i found the exact same car at another dealer in town. i told them i did not want to execute a credit application as i was not applying for credit, but would provide whatever information they needed to verify my identit...
by JimHalpert
Fri Aug 26, 2011 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 4761

I would encourage you to get a part time job as a bookkeeper with a local CPA firm that does a lot of write up work, bookkeeping for its clients. You will gain familiarity with how US accounting is done, an accounting software package and most importantly the tax laws as they relate to employee wit...
by JimHalpert
Fri Aug 26, 2011 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting a bookkeeping business from home
Replies: 12
Views: 2233

WatchinU wrote:The IRS will be contacting you. They check for things like this and they will send you a bill for what you owe in taxes.


exactly. the op has already done the work by completing the 1040x, but if i had discovered i had made such a minor error i would have waited and just let the irs bill me.
by JimHalpert
Tue Aug 23, 2011 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Forgot 1099-INT info on Tax Return
Replies: 5
Views: 820

Thanks SimonJester. Interesting.
by JimHalpert
Thu Aug 18, 2011 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 4761

"The reason car dealerships ask for a credit application even if you are paying cash is because of the new laws that require an application to be on file even in the case of cash purchases. It is there to prove the buyer is who they say they are, to leave a paper trail for money laundering pre...
by JimHalpert
Thu Aug 18, 2011 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 4761

I have a good credit score and really don't care if they pull a credit report or not. I just have a problem with filling out a "credit application" when I am not applying for credit. My position is that the dealer is lazy by not creating a separate form for the OFAC compliance check. I jus...
by JimHalpert
Thu Aug 18, 2011 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 4761

Anyone buy a new car recently? Paperwork comment/question.

I went to purchase a new car yesterday. As a result of 9/11 dealers must verify our identity thru a OFAC compliance check. The dealer wanted me to complete a credit application - I am paying cash for the car - so they could use the info on the application to run the compliance check. I refused. I of...
by JimHalpert
Thu Aug 18, 2011 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 4761

"blinking red light on ps3" is bad...it means your teenager is about to hit you up for several hundred dollars for a new gaming console.
by JimHalpert
Wed Aug 10, 2011 8:37 am
 
Forum: Personal Consumer Issues
Topic: Google..... how does it know?
Replies: 40
Views: 4340

since you asked, i have noted that the cost basis of several of my deposits are off by one cent; for example, a 25,000.00 deposit shows up in my history as 24,999.99. i'm not "worried" about it, i just don't understand how such an error can be made. doesn't make any sense to me.
by JimHalpert
Tue Aug 09, 2011 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Internal Discrepancy: Cost of Shares
Replies: 10
Views: 974

the most fun car i ever drove was a used $3,000 mg midget.

although after all the repairs and maintenance it was probably a $25,000 car...
by JimHalpert
Fri Aug 05, 2011 7:24 am
 
Forum: Personal Consumer Issues
Topic: Difference between $25,000 car and $50,000 car
Replies: 79
Views: 7323

there is no doubt that mutual funds are better than etf's (may 6, 2010) but, putting all the disadvantages aside, even if they were an equal investment i'd still go with the mutual funds for a very simple reason... by virtue of being on this board the members have an above average interest and knowl...
by JimHalpert
Thu Aug 04, 2011 10:53 am
 
Forum: Investing - Theory, News & General
Topic: VG Mutual Fund vs VG ETF: Same ER, Which Is Better? Why?
Replies: 10
Views: 964

back in the day clark howard used to carry a cheapo cellphone and a touch.
by JimHalpert
Mon Aug 01, 2011 9:05 pm
 
Forum: Personal Consumer Issues
Topic: Ipod Touch or something else?
Replies: 16
Views: 1926

I wouldn't get either of the coverages unless you or spouse have significant jewelry at home.

Freezing your credit at $3 each (depending on state) is the best thing you can do.
by JimHalpert
Mon Aug 01, 2011 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question on my homeowner's insurance
Replies: 13
Views: 1256

sometimes "stuff" happens.

this is one of those times.

take the $100 and move on.
by JimHalpert
Mon Aug 01, 2011 1:24 pm
 
Forum: Personal Consumer Issues
Topic: Need Advice - Home Depot Problem
Replies: 39
Views: 3337

i almost bought a truck that got 15 mpg city. i decided to get a small suv that gets 20 mpg city. i've just reduced my use of gasoline by 25%. i didn't do this to save money. i did this to save (in my own small way) the earth. the one day a month that i actually need a truck i'll borrow or rent one.
by JimHalpert
Mon Aug 01, 2011 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: SUV MPG
Replies: 14
Views: 1199

perhaps snarkiness is in the eye of the beholder.

re traders joes, i like the store but i don't go there as it is 30 miles away.

although it disagreed with my opinion, i didn't think there was anything at all wrong with the "nothing" response.
by JimHalpert
Mon Jul 25, 2011 12:53 pm
 
Forum: Forum Issues and Administration
Topic: increased snarkiness?
Replies: 53
Views: 7873

costco has one that is carpeted and one that is rubber with deep channels (for those of us that play in the dirt) that looked like pretty good quality for about $20.
by JimHalpert
Fri Jul 22, 2011 7:09 pm
 
Forum: Personal Consumer Issues
Topic: Recommend Floor Mats for 1997 Land Cruiser?
Replies: 6
Views: 541

Need online calendar recommendation

I've always used a daytimer type paper calendar. I'm ready to try doing this on the computer. Any suggestions?
by JimHalpert
Fri Jul 22, 2011 2:20 pm
 
Forum: Personal Consumer Issues
Topic: Need online calendar recommendation
Replies: 14
Views: 1412

The good: -So far was able to find any song / artist I searched for. The bad: -searched all of my songs and imported it into the playlist without my consent i'm finding all the artists, but many many songs are unavailable. i also hated that it searched my computer and automatically started importin...
by JimHalpert
Fri Jul 22, 2011 9:28 am
 
Forum: Personal Consumer Issues
Topic: Anyone have a Spotify invite they will send my way?
Replies: 24
Views: 3735
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