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This can be a good solution for someone with high current taxable income and the ability to put a lot of money away and is possibly behind in saving (haven't used it myself). The downsides that I've seen are that you have to continue funding it, so if something happens in the future and you can't y...

I'm planning to convert our individual insurance policies to a family policy later this year (after the exchanges open). Currently my wife has an individual traditional PPO with our daughter on it. My policy is an HSA-compatible HDHP and I've contributed money yearly for the past few years except th...

Another Sonos fan here.

Larry, is there a time limit on the withdrawals? I never thought about this. If I withdraw in 30 years when I'm retired, can I use a receipt for today to get everything tax free? My wife and daughter are on one individual plan (non-HSA) and I'm on another individual plan (HSA). If I convert her plan...

I have an individual HDHP for myself. My wife, who is unemployed, has an individual policy. I plan to add our daughter to her plan as soon as she is born in a few weeks. I've thought about switching my wife's plan to a HDHP family plan so I can contribute to an HSA. If I do this, can I contribute th...

I claim a home office deduction on 42.5% of my house, I will let you know when I get audited and how it goes.. (or hopefully not?) I never knew landscaping was allowed?? let me play auditor for this reply... your kitchen, your bathrooms, any bedrooms with beds in them, hallways, rooms with utilitie...

The new credit card law requires that banks allocate any payments over the minimum to balances with higher interest rates before being applied to interest-free balances. In other words, if your minimum is $100, and you owe $75 in fees that is subject to interest, then you should pay the minimum, plu...

I believe the penalty is 5% for late payments on estimated quarterly payments. I recommend that he send in a chunk of money today, and that way, at least the interest stops accruing. (I'm assuming he can't file today - probably needs to work through some things), but he can still get a payment sent...

Heck, yes. I'm surprised that your rule of thumb works at all. I think 10 or over in a 50 mph zone or up is risky. I've been ticketed for 10 over some 15 years back. That was the lowest. It really varies by state. In Georgia, only a state officer can ticket you for 10 mph or less over except in sch...

If someone were to replace hardwired alarms, who would he or she contact to do this if instead of doing it yourself? We purchased a house built in 2007 that set vacant until we purchased it in 2010 (builder went bankrupt, was tied up in courts). The alarms have changed colors slightly, which I've be...

Does anyone know if you can use the Cisco IP phones with any VOIP options?

I have a 2009 that has 90,000 miles on it. I usually keep cars until they have 150,000 miles on them.

As you can see, I drive a lot.

You can request an IRS transcript that includes estimated taxes paid. You can do this online at http://www.irs.gov/Individuals/Order-a-Transcript

BTW, this thread discussed the issues http://www.bogleheads.org/forum/viewtopic.php?f=1&t=105449 And I had confusion on multiple employer matches and starting about http://www.bogleheads.org/forum/viewtopic.php?f=1&t=105449#p1533127 there in the thread will get you the specific IRS citation...

I was reading that the $49,000 employer contribution limit is per plan. I have two separate businesses, neither of which is incorporated. I work as an independent contractor as an emergency physician and I also provide EMS medical direction. If I have two separate tax ID's, can I establish a SEP-IRA...

Of course I'm going to report the correct cost basis. Was curious how this would work since I also bought additional shares through Schwab

In 2009 I opened a Schwab account and transferred securities from TD Ameritrade to Schwab. I've manually entered cost basis information, but I'm curious what will happen with tax reporting on my 1099-B when I sell one of my securities at a loss. Will Schwab report the cost basis I've entered, will t...

Most medical boards require a notice to the patient when a patient is "fired" from the practice, but in this case the patient isn't fired -- only his or her insurance isn't accepted. The physician isn't refusing to see you. He/she is just refusing to go through all the hard work of filing ...

I received a 1099 for some cash back bonuses for opening up a checking account with SunTrust when I also got a mortgage through them. Think I got $250 or so. They sent a 1099.

savingadvice.com/forums

I stopped using it because their cookies kept resetting and wouldn't report new messages.

What about a non-working spouse? My income is fairly high, and my wife currently doesn't work. I've always filed MFJ and hoping that's the best way to do it. AMT hits me every year no matter what.

There are a hundred "10 over" speeding tickets issued for every one ticket for any of these things, simply because radar guns make it easy. If it was about safety that just wouldn't be the case. Georgia restricts police departments from doing this. I'm not sure if it was overturned, but a...

After close to 8 years, I got a speeding ticket over the weekend... I'd call it "road tax" and just mail in the $131. Since you haven't had any other infractions for nearly 8 years, you should be OK with your insurance. Just don't get another ticket anytime soon. This is my policy. If I'm...

Max out a SEP or Individual (Solo) 401(k). Despite what others may have stated, I think it's wise to do a Roth conversion. I did one even at the highest tax bracket. Future tax rates are uncertain, and who knows if social security benefits will be reduced because of your taxable retirement portions....

I was going into withdrawal!

trirod wrote:That would be a schedule C deduction since it's related to your SE income, not W2 employment.

Thanks!

I'm a physician who is an associate medical director of an emergency department. I recently interviewed for a medical director position 120 miles away from where I live. I drove there during the morning and returned that afternoon, so no hotel housing to pay for. I meet the same occupation rule of t...

I have a 13" MacBook Air (2012, i7 2.0 GHz, 8 GB RAM, 256 GB SSD). It runs VMWare Fusion just fine. However, I would make these recommendations (hopefully you haven't purchased your computer yet): 1. MacBook Pro if you mainly are going to use it as a desktop. 2. Skip the Retina. Why do you need...

I believe buying an extended warranty is like buying an insurance policy. Both make sense.

Just looked again... 415(c)(1)(a) sets a limit of $50,000 for 2012 for all plans. Am I misinterpreting it?

Default User BR wrote:

southerndoc wrote:If I remember correctly, total contributions cannot exceed $50k this year. So if you put 50k in the SEP as employer contributions, you cannot place anything in the 401(k) (including employee contributions).

That's not true. The 50k is a per-plan limit.


Brian

Can you cite the reference to this?

If I remember correctly, total contributions cannot exceed $50k this year. So if you put 50k in the SEP as employer contributions, you cannot place anything in the 401(k) (including employee contributions). This isn't applicable with the amounts the OP posted, but for those reading this thread for g...

My wife and I have a lot of department credit cards: - Restoration Hardware (0% APR for a year, rewards points in dollars) - Crate & Barrel (0% APR for a year) - Pottery Barn (0% APR for a year, rewards points in dollars) - Lowe's (5% cash back, 0% APR for a year sometimes with offers) - Home De...

I'll contribute toward legal costs.

It's been my experience (through trial and error while looking at houses) that they report with statement dates. If I paid a balance off by the statement date, the balance was reported as $0.

When I was in high school, I cleaned my neighbors' gutters. I really enjoyed it and made some good money, because for some reason people didn't like to do this on their own. I agree,,,,,,,get a ladder and a leaf blower and have at it :moneybag :moneybag I live in a three story house. No way am I ri...

It costs me $85 to have a company come clean our gutters. I got several quotes for gutter guards, which ranged from $1800 to $4000 (we live in a large house). I haven't looked into doing it myself because I figured it would take 15+ years to recoup the cost of gutter guards and by that time it'll be...

Some of the radar detector enthusiasts have cameras installed in their cars for this very reason. At least in Georgia, only a state agency can write you for less than 11 mph over the limit except in school and residential areas. County and city cops can only write you a ticket if you're doing at lea...

Are you saying payments or the total price of the car? Even if you make $100,000 per year, 15% of that for total cost of car doesn't buy you much.

What ticks me off about it is this refund will be included in our taxable income in the year received....but of course we're now in the highest tax bracket as compared with a low tax bracket when the money was earned. Sigh....the tax man cometh....time to redistribute my wealth. Are you sure about ...

I signed paperwork almost two years ago, and when I called last year to check on it (by the Garden Group who is handling everything), I was told it would be mid to late 2012 before I get a check. Still waiting...

Jerilynn wrote:

southerndoc wrote:I use the View New Posts option on the forum index page.

When I do that and I use my back button to read the next topic, it doesn't 'count it' as being read.

I read all I want, then hit the Board Index button and then Mark Forums Read.

I use the View New Posts option on the forum index page.

Check with a couple insurance agents. Most quotes I've seen here in Georgia for individual insurance do not have a pre-existing condition clause if you've held insurance continuously for the prior 24 months. Maybe it's Georgia specific, but our insurance laws aren't the greatest so I would think oth...

Thanks!

I'm guessing a family plan under one policy is still an individual plan. Not sure if the Costco family plan is still considered individual since it's offered to various members.

I'm an independent contractor (physician) who currently deducts medical insurance as a self-employment expense. I noticed that TurboTax also allowed me to deduct my non-working spouse's medical insurance as well (not sure if this is legit, but TurboTax prompted for her premium amounts). If I were to...

You can fund up until you file your taxes or Oct 15, whichever comes first. I know this applies to SEP's, but not sure about individual 401(k)'s as I don't have one.

However, Vanguard does not allow you to mark a prior year contribution when contributing online past Apr 15 (17 this year).

I'm paying mine with my Delta Reserve just to get the MQM's.

My CPA said that the fees aren't deductible, even though some of the websites claim it is.

I was looking at the Georgia's estimated payment forms and noticed this: "PENALTIES. Failure to comply with the provisions of this law relative to underpayment of installments may result in the assessment of additional charges as a penalty. Willful failure to pay estimated tax will constitute a...