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Re: more TurboTax exasperation--education credit screwups

Can't you just go in and fill out form 8363 and call it a day?
by Sidney
Mon Mar 02, 2015 8:52 am
 
Forum: Personal Finance (Not Investing)
Topic: more TurboTax exasperation--education credit screwups
Replies: 12
Views: 627

Re: Accidental Roth 401k Distribution into TIRA

Can't you just do a Roth conversion? The basis in your TIRA is probably approximately the same as the FMV -- there would be little if any tax consequence. You would need to file form 8606 to declare the basis both prior to and for the conversion, I think.
by Sidney
Mon Mar 02, 2015 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Accidental Roth 401k Distribution into TIRA
Replies: 2
Views: 132

Re: Saturday, Feb 28 and still UNABLE to import!

This is simply intolerable NOT having the ability to import my 1099's into TurboTax. […] Shame on your Vanguard! I wonder what folks did before there was TurboTax or importing 1099s or the internet??? I used to have to wait for Vanguard to mail me the 1099s. There was no web site (nor web for that ...
by Sidney
Sat Feb 28, 2015 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Brokerage 1099 Available
Replies: 38
Views: 2295

Re: Vanguard Brokerage 1099 Available

If you do that much trading, Vanguard probably isn't the place for you anyway.
by Sidney
Sat Feb 28, 2015 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Brokerage 1099 Available
Replies: 38
Views: 2295

Re: Responses to Yelp Reviews

TravelGeek wrote:
ShiftF5 wrote:Yelp better get a handle on that before it seriously impacts their credibility.


Yelp has credibility? :D

Right. I used them for a while early on but they have become unreliable. I don't use Yelp anymore.
by Sidney
Fri Feb 27, 2015 7:08 am
 
Forum: Personal Consumer Issues
Topic: Responses to Yelp Reviews
Replies: 12
Views: 1272

Re: Responses to Yelp Reviews

Probably the same service that writes the reviews.
by Sidney
Thu Feb 26, 2015 9:04 pm
 
Forum: Personal Consumer Issues
Topic: Responses to Yelp Reviews
Replies: 12
Views: 1272

Re: Form 1116 country of origin

I read in this article that H&R Block has customer support. Have you contacted them? Or are you afraid that they are some fly-by-night company and will give you a bogus answer? Or perhaps you stole the software and do not want to check with customer support? Seriously, why haven't you contacted...
by Sidney
Wed Feb 25, 2015 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Form 1116 country of origin
Replies: 11
Views: 366

Re: Preventing IRS Fraud

The issue is that timing of the matching process. They do match EINs right away but not the W2s and 1099s. I'm not even sure they have the electronic versions in their data when people start filing. In another thread somewhere somebody suggested moving the filing date out to later in the year so tha...
by Sidney
Wed Feb 25, 2015 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1643

Re: Form 1116 country of origin

Isn't there a way to pull up the form and enter it directly? I know TT and TaxAct has a forms mode and you can just jam in the data in the right place without answering all their silly questions.
by Sidney
Wed Feb 25, 2015 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Form 1116 country of origin
Replies: 11
Views: 366

Re: Ideas of where to relocate

abuss368 wrote:
livesoft wrote:Guantanamo, Cuba.


Incredible! That was priceless and made me laugh out loud.

Best.

Even during a government shutdown, this place stays open!
by Sidney
Wed Feb 25, 2015 9:35 am
 
Forum: Personal Consumer Issues
Topic: Ideas of where to relocate
Replies: 32
Views: 2462

Re: Preventing IRS Fraud

crg11 wrote:I just sent in those forms (my wife and I) to the IRS. Even though we haven't had a fraudulent tax return, I hope the Anthem hack is enough for the IRS to start having us use a PIN.

This shows the eligibility requirements

http://www.irs.gov/Individuals/Get-An-I ... ection-PIN
by Sidney
Wed Feb 25, 2015 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1643

Re: Preventing IRS Fraud

Perhaps changing one's PIN immediately after using it would be good protection. That way if the third party is the one hacked, the hacker gets an old PIN that doesn't work. The IRS assigns the PIN (six digit, I think). I don't know if you can just change it any time you want to. Only certain taxpay...
by Sidney
Wed Feb 25, 2015 9:05 am
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1643

Re: Preventing IRS Fraud

As this post noted, getting a pin doesn't necessarily prevent the IRS fraud: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=159315&newpost=2391540#p2390857 but perhaps it helps establish your identity faster after the fact. Actually, that post refers to the mistaken idea that being in...
by Sidney
Wed Feb 25, 2015 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1643

Re: Someone Else Filed My Tax Return

jebmke wrote:When I lived in Belgium I didn't file their taxes until one year after the end of the year. e.g. 2014 would be filed in January of 2016. By then, the forms always match. That could work here too.

I could go for that.
by Sidney
Tue Feb 24, 2015 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Someone Else Filed My Tax Return
Replies: 29
Views: 2661

Re: Question on Admiral Shares

By fund. Each fund has its own threshold.
by Sidney
Fri Feb 20, 2015 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question on Admiral Shares
Replies: 2
Views: 379

Re: DAF mistake/question--ugh!

Once you sell the fund you have triggered a taxable transaction and you will have to report this on your 2014 tax return. You should have transferred the fund shares to the DAF and allowed them to sell it on their side. You would have been able to deduct the full value of the shares (assuming the ga...
by Sidney
Thu Feb 19, 2015 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: DAF mistake/question--ugh!
Replies: 2
Views: 257

Re: Applying tax refund to next year vs 1040-ES

As my father aged into his eighties, he constantly missed estimated tax payments and had to pay interest and penalties almost every year. I have money withheld from my pensions and social security, and will have it withheld from my minimum required distributions, but that will not be enough to cove...
by Sidney
Thu Feb 19, 2015 10:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Applying tax refund to next year vs 1040-ES
Replies: 17
Views: 785

Re: Where should an HSA fit into investment priority?

Agreed 1.5 and OP read the wiki. Not sure why others are responding otherwise; best case the HSA is a tax-deductible Roth, at worst it is a tax-deductible trad IRA (with no income limits, or RMD's). Agree on this with one caveat that it may be a challenge to get the fees on HSA competitive with a V...
by Sidney
Thu Feb 19, 2015 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where should an HSA fit into investment priority?
Replies: 39
Views: 2285

Re: Applying tax refund to next year vs 1040-ES

I sell some bonds funds and park the money in an online savings account in April and let EFTPS draw it down on the due dates. Couldn't be easier.
by Sidney
Thu Feb 19, 2015 9:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Applying tax refund to next year vs 1040-ES
Replies: 17
Views: 785

Re: CPA doing taxes for first time

They won't (should not) file your return until you sign From 8879 authorizing them to e-file your return.
by Sidney
Wed Feb 18, 2015 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPA doing taxes for first time
Replies: 8
Views: 556

Re: RMD Greater Than Budget

Schedule CEZ. Child care services would be considered compensation for the purposes of IRA.
by Sidney
Wed Feb 18, 2015 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD Greater Than Budget
Replies: 20
Views: 1601

Re: Automatic refresh

I use FF; I don't get a refresh when I go back.
by Sidney
Wed Feb 18, 2015 11:31 am
 
Forum: Forum Issues and Administration
Topic: Automatic refresh
Replies: 21
Views: 1196

Re: Automatic refresh

What do you mean "close a topic"? I just hit the back button.
by Sidney
Wed Feb 18, 2015 11:22 am
 
Forum: Forum Issues and Administration
Topic: Automatic refresh
Replies: 21
Views: 1196

Re: Cap Gains & Divs killed me this year

Toons wrote:I was expecting one of mine to pay out 10-15k in long term gains,and it did.

This is an important point. With some exceptions, there shouldn't be any surprise when preparing your tax return.
by Sidney
Wed Feb 18, 2015 11:01 am
 
Forum: Investing - Theory, News & General
Topic: Cap Gains & Divs killed me this year
Replies: 61
Views: 5892

Re: Diffrence between MS in Statistics and MS in Analytics?

You would probably need to look at the course listings. Could be that the analytics program includes some non-statistics coursework like computer programming and/or operations research.
by Sidney
Wed Feb 18, 2015 10:26 am
 
Forum: Personal Consumer Issues
Topic: Diffrence between MS in Statistics and MS in Analytics?
Replies: 2
Views: 268

Re: Cap Gains & Divs killed me this year

Was there a question?
by Sidney
Tue Feb 17, 2015 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: Cap Gains & Divs killed me this year
Replies: 61
Views: 5892

Re: RMD Greater Than Budget

Plus it is subject to the normal limits. You can't just slide your RMD into a ROTH and pay the tax (at least that is my understanding).
by Sidney
Tue Feb 17, 2015 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD Greater Than Budget
Replies: 20
Views: 1601

Re: apple pay v. google wallet

. I'm always uneasy when my card leaves my sight, but I'd rather get my cash back bonus on dining than use cash. If the cards would move more quickly to Chip and Pin, the restaurants would be forced to get the portable card systems like they use in Europe. While I like the move toward systems like ...
by Sidney
Tue Feb 17, 2015 3:12 pm
 
Forum: Personal Consumer Issues
Topic: apple pay v. google wallet
Replies: 16
Views: 1009

Re: Define: participate in a retirement plan at work

I believe if she is eligible to participate in a 401(k) whether or not she chooses to participate, Box 13 should be checked yes.
by Sidney
Tue Feb 17, 2015 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Define: participate in a retirement plan at work
Replies: 41
Views: 1985

Re: Consulting for family business

MBster wrote:Also, am I going to be socked with paying self-employment tax as well even though I am not planning to start an actual business from this?

Yes.

Because of the safe-harbor rules, you may not need to make estimated payments the first year.
by Sidney
Tue Feb 17, 2015 1:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting for family business
Replies: 10
Views: 542

Re: apple pay v. google wallet

There is a need here, and it is security. Both Google Wallet and Apple Pay issue single use transaction keys making them far more secure than a credit card number. By this do you mean that it would avoid having the retailer have your CC card and personal info in their POS system? ie. cutting down o...
by Sidney
Tue Feb 17, 2015 12:27 pm
 
Forum: Personal Consumer Issues
Topic: apple pay v. google wallet
Replies: 16
Views: 1009

Re: Cloud based storage for tax documents

Any of the major cloud services will work. Google Drive, OneDrive, Dropbox. Make sure you encrypt the files with a strong encryption key.
by Sidney
Tue Feb 17, 2015 11:25 am
 
Forum: Personal Consumer Issues
Topic: Cloud based storage for tax documents
Replies: 7
Views: 559

Re: TreasuryDirect.gov is down Huh?

It was active when I entered the http://www.treasurydirect.gov into my browser @ 11:00 EST.
by Sidney
Tue Feb 17, 2015 11:02 am
 
Forum: Investing - Theory, News & General
Topic: TreasuryDirect.gov is down Huh?
Replies: 4
Views: 542

Re: Vanguard Brokerage - 2014 Tax Form Dates?

I would be surprised if someone here has more credible information that you can get directly from Vanguard.

I normally expect nothing useful until March. Then I sit on it and wait for corrections. Besides, I can usually find something more interesting to do than work on my taxes.

|
|
V
by Sidney
Tue Feb 17, 2015 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage - 2014 Tax Form Dates?
Replies: 3
Views: 340

Re: Does anyone NOT rebalance similar asset classes?

I do rebalancing "light". Lately I am selling equity to fund operating cash flow due to the runup in equity. In this case I am selling US since it has been moving up faster than non-US. I have not sold US to buy non-US yet.
by Sidney
Tue Feb 17, 2015 10:15 am
 
Forum: Investing - Theory, News & General
Topic: Does anyone NOT rebalance similar asset classes?
Replies: 13
Views: 823

Re: Hard drive firmware malware

Short of going back to paper and pencil, not much actionable. I guess it does argue for keeping your digital fingerprint no larger than it needs to be.
by Sidney
Tue Feb 17, 2015 10:13 am
 
Forum: Personal Consumer Issues
Topic: Hard drive firmware malware
Replies: 9
Views: 710

Re: Filing Amended Tax Return

Thanks for the responses. It's been helpful. I finally received an e-mail from TurboTax today that the form is ready, so I will do it in Turbo Tax and mail it off, so I can carry it over next year when I'm doing my 2015 taxes. I don't tink I forgot any other thing (my taxes are pretty much straight...
by Sidney
Mon Feb 16, 2015 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Filing Amended Tax Return
Replies: 8
Views: 563

Re: tax dependent vs $3950 vs income

ps56k wrote:
Sidney wrote: Publication 17 has some good charts that walk you thought the various tests.

I'll take a look, not a big deal -
just was weird that it seemed to be based upon earning more or less than the deduction amount of $3950.

Yes, there is an arbitrary break at age 24.
by Sidney
Mon Feb 16, 2015 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax dependent vs $3950 vs income
Replies: 18
Views: 1084

Re: grad student - taxes on W-2

He should take his social security card and ID and meet with payroll, not HR. Payroll is the group that handles all the accounting and would be responsible for issuing W2s (or would manage the relationship with an outside provider if it is outsourced). Generally, if something involves numbers I reco...
by Sidney
Mon Feb 16, 2015 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: grad student - taxes on W-2
Replies: 10
Views: 677

Re: tax dependent vs $3950 vs income

How old is he? Didn't think that mattered - he is 24 - and when I told TTax that he didn't earn over $3950, the exemption & deduction on my 1040 re-appeared... It matters. Under 24 he might be a qualifying child (no income test). 24 and over, he falls in the category of Qualifying Relative for ...
by Sidney
Mon Feb 16, 2015 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax dependent vs $3950 vs income
Replies: 18
Views: 1084

Re: tax dependent vs $3950 vs income

How old is he? If he is under 24 and a full time student, chances are you can claim him. Go back through the interview questions again.
by Sidney
Mon Feb 16, 2015 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax dependent vs $3950 vs income
Replies: 18
Views: 1084

Re: What 3 MATERIAL things would you take with you?

Deep Thoughts wrote:Three 5 thousand dollar watches.

or a Zegna suit and two watches.
by Sidney
Mon Feb 16, 2015 3:06 pm
 
Forum: Personal Consumer Issues
Topic: What 3 MATERIAL things would you take with you?
Replies: 34
Views: 1253

Re: Opinion-hunting: NW to home ratio? NW is high...

nordlead wrote:I'd rent.

or maybe move back in with the parents
by Sidney
Mon Feb 16, 2015 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Opinion-hunting: NW to home ratio? NW is high...
Replies: 16
Views: 1206

Re: What 3 MATERIAL things would you take with you?

Ron wrote:
livesoft wrote:I would not go.

+1

The future is for the young (and young of heart), not for old geezers like me :D ...

- Ron

I'd pass too. 2018 impact is the year I would need to sign up for medicare. Saves a lot of investigation work.
by Sidney
Mon Feb 16, 2015 11:33 am
 
Forum: Personal Consumer Issues
Topic: What 3 MATERIAL things would you take with you?
Replies: 34
Views: 1253

Re: Read WSJ every day ?

livesoft wrote:Bloomberg.com recently ruined their web site, so no need to go there even to check their headlines.

It is unbelievably bad.
by Sidney
Mon Feb 16, 2015 9:19 am
 
Forum: Personal Consumer Issues
Topic: Read WSJ every day ?
Replies: 86
Views: 4969

Re: 1099 reporting

If I feel overwhelmed by the amount of typing required to complete my tax return I will know that my holdings have become too complex and need to be simplified.
by Sidney
Mon Feb 16, 2015 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: 1099 reporting
Replies: 18
Views: 1156

Re: 1099 reporting

This is only relevant for 1099-Rs, correct? EINs aren't required when reporting dividends and interest.
by Sidney
Mon Feb 16, 2015 8:48 am
 
Forum: Personal Finance (Not Investing)
Topic: 1099 reporting
Replies: 18
Views: 1156

Re: Read WSJ every day ?

Not in over 10 years. As others have said, it offers nothing of interest for personal finance. Neither do other papers, of course.
by Sidney
Mon Feb 16, 2015 8:24 am
 
Forum: Personal Consumer Issues
Topic: Read WSJ every day ?
Replies: 86
Views: 4969

Re: Vision and Dental Insurance Question

I do get the discounts. I would guess that it gets the price close to whatever the contract prices are under insurance plans. May not be the lowest but definitely better than list price.
by Sidney
Sun Feb 15, 2015 9:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vision and Dental Insurance Question
Replies: 28
Views: 1519
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