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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...

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...

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.

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.

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.

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...

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...

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!

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...

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...

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 ...

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...

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 ...

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 ...

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.

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?

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...

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...

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...

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.

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...

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.

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.

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.

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.

yes, i have high triglycerides and they help quite a bit.

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.

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...

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 ...

if you had watched "holmes on homes" last nite you would probably change your mind about doing a bath renovation...

for a fun car I'd get a miata (top choice) or if you didn't want a convertible then a mini.

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...

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...

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.

Thanks SimonJester. Interesting.

"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...

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...

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...

"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.

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.

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...

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...

back in the day clark howard used to carry a cheapo cellphone and a touch.

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.

sometimes "stuff" happens.

this is one of those times.

take the $100 and move on.

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.

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.

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.

I've always used a daytimer type paper calendar. I'm ready to try doing this on the computer. Any suggestions?

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...