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Re: Credit Card Refund Not Posted

In my experiences with credit cards and credits applied to them, the big box stores are always faster in submitting credits to the credit card company bank. I suspect it has something to do with their method of transmission to the credit card company bank. The larger businesses probably have a much ...
by tomd37
Fri Feb 27, 2015 3:11 pm
 
Forum: Personal Consumer Issues
Topic: Credit Card Refund Not Posted
Replies: 14
Views: 804

Re: REITs

Not unusual for REITS to lose or gain 2% or more on a daily basis. They are volatile but I invest 10% of my total retired portfolio in REITS and have done so for 12 years. I think the VG REIT fund was up about 32% last year (2014) overall.
by tomd37
Tue Feb 24, 2015 9:23 pm
 
Forum: Investing - Theory, News & General
Topic: REITs [Why did Vanguard's REIT lose 2% today?]
Replies: 33
Views: 3323

Re: On line product reviews vs Consumers Reports

Last month I started my 51st year as a continuous subscriber to Consumer Reports magazine. My current five-year subscription expires in July 2015 and I am hesitant about renewing it. I definitely do not like the new format and I feel the reporting is no longer as detailed as it once was. :annoyed
by tomd37
Sat Feb 21, 2015 9:05 pm
 
Forum: Personal Consumer Issues
Topic: On line product reviews vs Consumers Reports
Replies: 37
Views: 2606

Re: College tax credit ?

Mom and Dad with only $13,000 income and one dependent daughter. The standard deduction and three exemptions would result in no taxable income. With no federal tax withheld on income, no refund. With no taxable income, no education credit to offset any tax and probably no refundable education credit...
by tomd37
Sat Feb 21, 2015 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: College tax credit ?
Replies: 11
Views: 816

Re: Advice dealing with heating contractor please

I would ask the person coming out with the contractor next week to identify himself and ask him to give you his company business card. It should fully identify his position in the company. I have had district and regional representatives from various companies come to my home at my request and they ...
by tomd37
Fri Feb 20, 2015 8:36 am
 
Forum: Personal Consumer Issues
Topic: Advice dealing with heating contractor please
Replies: 8
Views: 666

Re: Online Bill Pay question

Why not just have automatic payments of $1 each paid to AMEX on a given day each week (e.g. Monday) and then have the balance of your AMEX bill automatically paid as it becomes due. I would think Santander will automatically pay whatever the monthly billed amount is. I did exactly that, only $10 eac...
by tomd37
Thu Feb 19, 2015 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay question
Replies: 4
Views: 409

Re: Dave Ramsey Lashes Out at His Financial Critics

Not sure I could accept investment advice from someone who has been in bankruptcy. Sounds like a conflict to me.
by tomd37
Tue Feb 17, 2015 4:50 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 9669

Re: Making a substantial donation

The first document you want to look at is IRS Form 8283 and its instructions. You can pull it up and print it from the IRS website at http://www.irs.gov. There are special procedures for a non-cash contribution at that level. Then you have to determine if your itemized deductions will exceed the sta...
by tomd37
Tue Feb 17, 2015 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making a substantial donation
Replies: 11
Views: 545

Re: Power Vent Gas Hot Water Tank - Thoughts?

We purchased our present home 19 years ago and our 50 gallon natural gas hot water is located in a closet inside the garage. It has about a twenty foot horizontal run out to the wall at the entrance of the garage. The water heater has a power vent on top and we replaced the vent about four years ago...
by tomd37
Tue Feb 17, 2015 8:52 am
 
Forum: Personal Consumer Issues
Topic: Power Vent Gas Hot Water Tank - Thoughts?
Replies: 7
Views: 445

Re: Filing Amended Tax Return

LateStarted,
I failed to mention that you will also have to attach the Schedule C and Schedule SE to the 1040-X as they are new forms created as a result of the amendment. Sorry I missed that in my first reply.
by tomd37
Mon Feb 16, 2015 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Filing Amended Tax Return
Replies: 8
Views: 563

Re: donation receipts

It is up to you to value the donations. The IRS allows you to take the "fair market value" of such items. They define the FMV as the value a willing buyer would pay to a willing seller. The FMV is normally the value that you would pay for a similar item in a thrift shop. If the total value...
by tomd37
Mon Feb 16, 2015 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: donation receipts
Replies: 8
Views: 421

Re: Filing Amended Tax Return

You have plenty of time (until April 15th) to file an amended return. Cool it for a while to ensure you have not forgotten something else. In our volunteer tax preparation services we won't even consider doing an amended return until about mid-March when things calm down with the early filers and ju...
by tomd37
Mon Feb 16, 2015 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Filing Amended Tax Return
Replies: 8
Views: 563

Re: Does anyone like the new Toyota/Lexus grilles?

I own both an older Lexus and Toyota and definitely would not consider either, specifically because of the grille. On the other hand my wife says there is no way in he.. that she is going to give up her 2001 ES300 with only 63K miles on it!
by tomd37
Sun Feb 15, 2015 12:00 am
 
Forum: Personal Consumer Issues
Topic: Does anyone like the new Toyota/Lexus grilles?
Replies: 58
Views: 3371

Re: Costco/AmEx relationship ending. New Costco MasterCard?

I have been using my original Blue Cash AMEX card for years now and will miss using it at Costco. It is the one that after the first $6500 tier is reached gives me 5% at grocery stores (no limit), drugstores, and gasoline and 1.25% on all other purchases. No annual fee for this Blue Cash card. Of co...
by tomd37
Thu Feb 12, 2015 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Costco/AmEx relationship ending. New Costco MasterCard?
Replies: 73
Views: 15205

Re: Father passed away/Getting taking advantaged of by inves

What you have been told and what has been suggested to you in every previous post is absolutely true. Stay away from this salesman and do everything yourself at your own pace. There is no urgency to the situation.
by tomd37
Tue Feb 10, 2015 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Father passed away/Getting taking advantaged of by investor?
Replies: 17
Views: 1820

Re: Amica burned me, now what...

If Amica was my insurance company I would be proud of them for weeding out potential insurance problems. I used them about twenty years ago and was very pleased with their service, including a claim (two deer jumped out of the woods onto the road directly in front of me). See what you can do with ot...
by tomd37
Mon Feb 09, 2015 10:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amica burned me, now what...
Replies: 43
Views: 4763

Re: Identity Theft Risk when You Don't Get A Tax Refund

Spoken just like a great volunteer tax preparer :)
by tomd37
Sun Feb 08, 2015 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Identity Theft Risk when You Don't Get A Tax Refund
Replies: 13
Views: 1319

Re: Glasses turn around time and cost

My experiences with my local Costco has never been over ten calendar days from drop off to pick up.
by tomd37
Sun Feb 08, 2015 9:55 am
 
Forum: Personal Consumer Issues
Topic: Glasses turn around time and cost
Replies: 19
Views: 1499

Re: Identity Theft Risk when You Don't Get A Tax Refund

IMO, I think some fraudulent tax activity by another person involves the use of your SS number on a tax return that contains false (made up) data such as income and tax withheld. The person submits the return early in the tax season so that the possibility of a duplicate use of the same SS number is...
by tomd37
Sun Feb 08, 2015 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Identity Theft Risk when You Don't Get A Tax Refund
Replies: 13
Views: 1319

Re: This CPA is advocating snail-mail over e-file for taxes

Not sure about the identity theft portion of the initial post. My understanding is that if someone can get your SSN somehow they can use it to submit a return with bogus (made up) income and tax withheld numbers and get their return accepted. Then when you submit your return the SSN has already been...
by tomd37
Sat Feb 07, 2015 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: This CPA is advocating snail-mail over e-file for taxes
Replies: 55
Views: 3962

Re: How much was your Tax Refund (or amount DUE)

I have a $10 federal refund and owe $35 state tax. I called it pretty close last year in my federal withholding. State was messed up a bit because of retiree first time investments in taxable funds.
by tomd37
Fri Feb 06, 2015 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much was your Tax Refund (or amount DUE)
Replies: 110
Views: 7211

Re: Tax help for new Boglehead

Puna, Dependent upon your income types and amounts, there may be free tax preparation sites available to you such as Tax Counseling for the Elderly (TCE) sponsored by the AARP Foundation and IRS and the Volunteer Income Tax Assistance (VITA) sponsored by the IRS and United Way. I have worked in both...
by tomd37
Fri Feb 06, 2015 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax help for new Boglehead
Replies: 4
Views: 416

Re: Replacing a reliable Toyota

Wannaretire, Toyota offers a 4 and 6-cyl SUV in the form of its Venza. It can be had in an AWD version. I own a 4-cyl 2010 Venza and the only two issues I have with it (at the age of 78) is the reduced window visibility when backing and the very, very small backup screen on the dashboard under the r...
by tomd37
Mon Feb 02, 2015 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Replacing a reliable Toyota
Replies: 43
Views: 4053

Re: Best ways to save on electricity bill

The on-off switch ! :wink:
by tomd37
Sun Feb 01, 2015 10:32 pm
 
Forum: Personal Consumer Issues
Topic: Best ways to save on electricity bill
Replies: 47
Views: 4625

Re: Need a new vacuum

I have two Miele @ $500 each, one upright (Jazz) and one canister (Titan). Bought both from a local vacuum dealer/repair shop, the first three years ago and the second three months ago. Could not be happier with them. Local dealer will probably match any online price.
by tomd37
Sun Feb 01, 2015 9:33 pm
 
Forum: Personal Consumer Issues
Topic: Need a new vacuum
Replies: 22
Views: 1470

Re: Semi-annual Furnace/AC Inspection

I live in middle Tennessee and have my two units inspected annually; a/c portion in spring and heating portion in fall. For the past 17 years the same company did it and the same highly qualified and thorough technician did all the inspections and any necessary repairs. The owner of the firm sold ou...
by tomd37
Sat Jan 31, 2015 5:32 pm
 
Forum: Personal Consumer Issues
Topic: Semi-annual Furnace/AC Inspection
Replies: 17
Views: 1197

Re: Filed your 2014 Federal Taxes yet?

HIinvestor,
I thought I heard something a while back that some federal agencies were not mailing documents and they had to retrieved online. This is only a gut feeling I have right now and am trying to confirm it somewhere. Maybe someone else will provide thoughts.
by tomd37
Sat Jan 31, 2015 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Filed your 2014 Federal Taxes yet?
Replies: 60
Views: 4050

Re: Filed your 2014 Federal Taxes yet?

Leesbro63, Does that include taxable Vanguard mutual funds? This is the first year that I have invested excess cash in three Vanguard taxable funds and I already have my Form 1099-B for the sale of one and 1099-DIV for the dividends and capital gain distribution on the others. I have done my return ...
by tomd37
Sat Jan 31, 2015 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Filed your 2014 Federal Taxes yet?
Replies: 60
Views: 4050

Re: Tax: Filing Jointly or Single When one makes 3x More

Any unique circumstances involved including children and children's care expenses, adoption, education expenses, etc.? Do you itemize or take the standard deduction? Look at the special rules under the married filing separately filing status in chapter 2 of IRS Publication 17.
by tomd37
Fri Jan 30, 2015 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax: Filing Jointly or Single When one makes 3x More
Replies: 15
Views: 731

Re: Donating property & taxes - do I need form 8283?

Goodwill and other charities do not provide you with any value of the property donated. That is strictly your decision. And in my opinion 25% of an item's original value is way overstated. Look up the definition to "fair market value" in IRS publications and you will come up with a much lo...
by tomd37
Thu Jan 29, 2015 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating property & taxes - do I need form 8283?
Replies: 5
Views: 397

Re: Thinking of switching from Turbo-Tax

For those of you who use Tax Act, do any of you volunteer in the TCE or VITA programs which use the TaxWise program? If so, how does Tax Act compare with the TaxWise program? I have used the TaxWise program for the past eleven years and find it a very good program and easy to use in all the situatio...
by tomd37
Wed Jan 28, 2015 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thinking of switching from Turbo-Tax
Replies: 26
Views: 1855

Re: Donating property & taxes - do I need form 8283?

The form is very easy to you provided you follow the instructions for it.
by tomd37
Tue Jan 27, 2015 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating property & taxes - do I need form 8283?
Replies: 5
Views: 397

Re: Newer washing machine freaks out dog

High efficiency (HE) machines spin at a much higher rate (e.g. up to about 1100 rpm) than regular machines. Your front loader was a HE machine as is the new one without an agitator. I'll bet they had very close to the same spin speeds. Is your dog's issue only when it is spinning or with other cycle...
by tomd37
Tue Jan 27, 2015 3:54 pm
 
Forum: Personal Consumer Issues
Topic: Newer washing machine freaks out dog
Replies: 41
Views: 2958

Re: Prognosis On REIT Index Fund

Index Fan stated "I have a 10% real estate allocation because the long term profitability of real estate as an income generating asset makes sense to me (as opposed to commodities for example), and because of the relatively low correlation with other asset classes. I had it all through the last...
by tomd37
Sun Jan 25, 2015 9:38 pm
 
Forum: Investing - Theory, News & General
Topic: Prognosis On REIT Index Fund
Replies: 9
Views: 2195

Re: Marriage and taxes

Just an idea, but what about comparing the two filing statuses available to you once married; married filing jointly vs. married filing separately? Sometimes, although not too often, it can be better to use MFS filing status.
by tomd37
Sun Jan 25, 2015 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marriage and taxes
Replies: 7
Views: 1245

Re: Childcare and Taxes

Chip25, As mentioned by others you may be entitled to certain tax advantages: 1. An additional dependent exemption of $4,000 for 2015 which reduces your AGI and taxable income by that amount. 2. A child tax credit of $1,000 which reduces your federal tax liability dollar for dollar on page 2 of Form...
by tomd37
Thu Jan 22, 2015 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Childcare and Taxes
Replies: 7
Views: 710

Re: RTP, NC Chapter Meeting Noon Friday January 16, 2015

I too wish I was back living in Chapel Hill (Go Duke!) and I would definitely be part of this group. It has been a long 19 years away from there. :(
by tomd37
Wed Jan 21, 2015 8:23 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: RTP, NC Chapter Meeting Noon Friday January 16, 2015
Replies: 12
Views: 1166

Re: RMD withdrawals.

I guess it is a six of one and a half dozen of another choice. I personally wait until the end of the year to take my RMD so that I can see where the law stands on qualified charitable distributions. If QCD is available in a given year I make the QCD, then take the remaining RMD, and then invest wha...
by tomd37
Sun Jan 18, 2015 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3494

Re: IRS Publication 590

Just ordered my personal copies two days ago. Also it is interesting to note that Publication 17 is no longer available at the IRS website to order a personal copy by mail. We now have to use and read the online version. Those of us in the VITA and TCE programs will still receive a personal copy of ...
by tomd37
Sat Jan 17, 2015 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS Publication 590 [Revised to 590-A and 590-B]
Replies: 11
Views: 1360

Re: Poll: Your Max. REIT Allocation

As an older (78) retiree I hold the VG REIT Index fund to an amount of 10% of my total portfolio value. Have held this for the past fifteen years. I also hold the VG Total Stock Market Index fund which holds about 3%.
by tomd37
Sat Jan 17, 2015 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Max. REIT Allocation
Replies: 54
Views: 4199

Re: Taxable investing - initial account setup questions

Kaneohe is absolutely correct in that when using MFS filing status the deduction for student loan interest cannot be taken. There are a bunch of other special rules when using this filing status and they can be found on page 22 of the 2014 version of IRS Publication 17 available online at http://www...
by tomd37
Fri Jan 16, 2015 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable investing - initial account setup questions
Replies: 10
Views: 496

Re: Doing my taxes by hand

I am an somewhat "older timer" at 78 and a volunteer in both the IRS sponsored AARP Foundation Tax Counseling for the Elderly (TCE) and the Volunteer Income Tax Assistance (VITA) programs. I would encourage the OP to learn more about taxes by doing his own return by paper. Then, if desired...
by tomd37
Wed Jan 14, 2015 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doing my taxes by hand
Replies: 64
Views: 4807

Re: Wait, contributions to an IRA are tax deductible?

Maybe any amounts shown on lines 23 through 36 should be referred to as adjustments to income resulting in AGI for purposes of these discussions.
by tomd37
Sun Jan 11, 2015 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wait, contributions to an IRA are tax deductible?
Replies: 19
Views: 2072

Re: Wait, contributions to an IRA are tax deductible?

And while tax credits were mentioned in way of explanation in some of the replies, keep in mind that some tax credits are refundable and some are non-refundable and some are dependent on income. :moneybag
by tomd37
Sun Jan 11, 2015 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wait, contributions to an IRA are tax deductible?
Replies: 19
Views: 2072

Re: Garage door openers - recommended brand, model?

Chamberlain Lift Master, and depending on where the garage is located you can make the choice between a belt and screw drive. I suspect the belt drive would be quieter (and screw drive noisier) if the garage is attached to the home such as under a room or in the basement under some room. You might t...
by tomd37
Sat Jan 10, 2015 10:39 pm
 
Forum: Personal Consumer Issues
Topic: Garage door openers - recommended brand, model?
Replies: 14
Views: 1391

Re: What's in your car emergency kit?

A 750ml bottle of Chivas Regal 18 year-old Gold Signature :beer
by tomd37
Thu Jan 08, 2015 5:44 pm
 
Forum: Personal Consumer Issues
Topic: What's in your car emergency kit?
Replies: 52
Views: 4083

Re: Cancel Homeowner's Insurance?

[OT comment removed by admin LadyGeek]
by tomd37
Tue Jan 06, 2015 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 6663

Re: New vanguard Rep

To the best of my recollection I have had four or five Flagship representatives in the last ten years. It does not concern me that much as I have always received a proper response or information from them when I needed it. To the best of my knowledge you can always request another rep if you feel un...
by tomd37
Tue Jan 06, 2015 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: New vanguard Rep
Replies: 25
Views: 2763

Re: Question on IRS standard mileage for new self employed p

I was referring to the fact there is a difference between the miles driven for business purposes and commuting purposes. I see a number of returns each year where people think they can count miles driven from home to a main job and home again when those are actually commuting miles which cannot be c...
by tomd37
Sun Jan 04, 2015 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question on IRS standard mileage for new self employed perso
Replies: 7
Views: 809

Re: Do you keep manuals/packaging for products you buy?

Like poster "island" we, over 48 years of marriage, have always kept instruction manuals for significant items we have purchased. They have come in very handy in many instances when they had to be referenced for maintenance/repair or when we sold them. Also handy when we sold two homes and...
by tomd37
Sun Jan 04, 2015 2:10 pm
 
Forum: Personal Consumer Issues
Topic: Do you keep manuals/packaging for products you buy?
Replies: 34
Views: 2073
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