Search found 316 matches

by bogleviewer
Fri Feb 10, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Return for New but Disolved entity?
Replies: 3
Views: 165

Re: Tax Return for New but Disolved entity?

SouthernCPA wrote:If this is a private foundation, I would file the 990-PF with no activity marking both initial and final on the 2016 Return. I would use the EIN you were just issued.

Private foundation requires getting that determination approval from the IRS first.... I believe...
by bogleviewer
Fri Feb 10, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Return for New but Disolved entity?
Replies: 3
Views: 165

Tax Return for New but Disolved entity?

The last part of December 2016 I submitted articles of incorporation with my state to form a business entity (a foundation). The IRS EIN system was down the last few days of December so I was unsuccessful in obtaining an employer identification number and therefore couldn't open up a bank account or...
by bogleviewer
Wed Jan 25, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule E - Rental Income and Depreciation
Replies: 5
Views: 364

Re: Schedule E - Rental Income and Depreciation

hrmmm. turbo tax when I answer the questions is only giving me half of the value of the depreciation based upon the purchase price + improvements - land value at time of it becoming a rental because I only used it for 50% of the time in 2016. Wouldn't the correct math be to figure out the annual dep...
by bogleviewer
Wed Jan 25, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule E - Rental Income and Depreciation
Replies: 5
Views: 364

Schedule E - Rental Income and Depreciation

I'm trying to maximize my deductions on Schedule E for a rental property that I own. I understand that whether or not I gain the benefit of a depreciation expense, the tax man will be recapturing it when I go to sell. I moved in 2016 and the house that we were using as our primary residence for the ...
by bogleviewer
Sat Jan 21, 2017 5:37 pm
Forum: Personal Consumer Issues
Topic: Learning Piano as an Adult
Replies: 13
Views: 1267

Re: Learning Piano as an Adult

The was a thread last month on this general topic. https://www.bogleheads.org/forum/viewtopic.php?t=204779 You might find it useful. lol i searched title's only for "piano" and "adult" but this is about instrument which indeed I am sure has some useful information. Will review. ...
by bogleviewer
Sat Jan 21, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Learning Piano as an Adult
Replies: 13
Views: 1267

Learning Piano as an Adult

Have any of you learned the piano (or any instrument) as an adult with no musical background? I'm thinking about taking it up as I think it may be relaxing a fun little hobby. I know almost nothing about it except for a handful of lessons when a child. Is there a steeper learning curve for an adult ...
by bogleviewer
Sat Jan 21, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 83
Views: 3316

Re: Medical Charges vs Contract Price - Non Covered Work

Maybe the medical practice knows that patients with no insurance are very unlikely to pay their bill. They might have figured out that an insurance adjusted payment of $150 is equivalent to a $550 nonpayment write off for the business. What would be the purpose of this? So that they can send $550 t...
by bogleviewer
Sat Jan 21, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Re: Medical Billing Disagreement - Stark Law

toofache32 - The derm owns the practice.... it is his name and he has no other doctors or PA's listed as providers. "How much will this procedure cost? Is it covered by insurance?" Just in the same way you don't give a mechanic cart blanche to "fix" anything they find without a q...
by bogleviewer
Sat Jan 21, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 83
Views: 3316

Re: Medical Charges vs Contract Price - Non Covered Work

The question that comes to my mind is why your insurance company bothered to report on the EOB what they would have allowed had it been a covered expense. It seems to me that the insurance company would have been completely within its rights to issue you an EOB that simply stated that the entire $5...
by bogleviewer
Sat Jan 21, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 83
Views: 3316

Re: Medical Charges vs Contract Price - Non Covered Work

The doctor spent 5 minutes each visit in your room. You have part of the equation but you need to give us the rest. How much time did he spend on your case outside the room? On the computer checking labs, vitals, reading through all the other chart notes from other doctors/nurses, writing his own c...
by bogleviewer
Sat Jan 21, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 83
Views: 3316

Re: Medical Charges vs Contract Price - Non Covered Work

The question that comes to my mind is why your insurance company bothered to report on the EOB what they would have allowed had it been a covered expense. It seems to me that the insurance company would have been completely within its rights to issue you an EOB that simply stated that the entire $5...
by bogleviewer
Sat Jan 21, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 83
Views: 3316

Re: Medical Charges vs Contract Price - Non Covered Work

Despite posting in two different threads and receiving many good explanations (which you seem to have disregarded or ignored), you still seem to have zero understanding about how medical billing works and what each involved party (particularly the doctors) are able to do or not do. Specifically, do...
by bogleviewer
Sat Jan 21, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 83
Views: 3316

Re: Medical Charges vs Contract Price - Non Covered Work

The doctor spent 5 minutes each visit in your room. You have part of the equation but you need to give us the rest. How much time did he spend on your case outside the room? On the computer checking labs, vitals, reading through all the other chart notes from other doctors/nurses, writing his own c...
by bogleviewer
Fri Jan 20, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 83
Views: 3316

Re: Medical Charges vs Contract Price - Non Covered Work

You chose a plan (grandfathered non-ACA?) that doesn't cover some forms of care. You (your family) received the care it doesn't cover. Your insurance isn't covering that care. Because the care wasn't covered at all, you don't benefit from the insurance company's negotiated rates. Did you save enoug...
by bogleviewer
Fri Jan 20, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 83
Views: 3316

Medical Charges vs Contract Price - Non Covered Work

I just received a bill from a physician [pediatrician] group that circles the hospital where my child was born. Our primary pediatrician doesn't do rounds in the hospital which I assume isn't out of his own choice because his office is less than a mile away from the hospital (I assume hospitals only...
by bogleviewer
Fri Jan 20, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Re: Medical Billing Disagreement - Stark Law

I think there's a difference between what you are describing and a hey, do you want me to put some topical on that to make it go away. And $400 later is the bill. When the price is not called out, the expectation is that its a reasonable price. To anyone outside of medicine that doesn't work on thi...
by bogleviewer
Thu Jan 19, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Re: Medical Billing Disagreement - Stark Law

Doctors' offices are different because they don't bill for their time like lawyers, but I bet on a daily/weekly/monthly basis basis they have revenue targets to cover their overhead and salaries. Should they pass on the $100 revenue from wart cream so that they can charge you $100 later to look at ...
by bogleviewer
Thu Jan 19, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Re: Medical Billing Disagreement - Stark Law

Not a Doctor, but as a Lawyer who would bill $40 for a 5 second phone call, you're not paying for 5 minutes of time and one penny of compound. It's 5 minutes of time (plus 20 minutes of time later for notes), 1 penny of compound, 4 years of medical school, 3 years of residency, an electric bill, wa...
by bogleviewer
Thu Jan 19, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Re: Medical Billing Disagreement - Stark Law

Sometimes a dermatologist will shave a wart before applying the chemical. If that happened, then it would explain the charge for surgery. Nope, he didn't shave the wart before applying the chemical. I would be satisfied with NO CHARGE to come back in and have him freeze it or scalpel remove it; but...
by bogleviewer
Thu Jan 19, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Re: Medical Billing Disagreement - Stark Law

...... ask for the charge to be waived. That was the purpose of the call i placed and the office manager was nasty about it and said that it is illegal due to Stark Law to make any changes after billing was sent to insurance. I called my insurance and they said that the provider can rebill and remo...
by bogleviewer
Thu Jan 19, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Re: Medical Billing Disagreement - Stark Law

No, just bring it up at the next scheduled appointment. I hope OP is not planning to switch care (if he/she likes the doc otherwise)for the billing issue which is pretty much universal and out of the doc's control I completely agree which is why I think that this is *should be* an easy business dec...
by bogleviewer
Thu Jan 19, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Re: Medical Billing Disagreement - Stark Law

That, however, does not excuse his office staff. Nastiness should not be tolerated, ever. Please bring it to his/her notice at the next visit. So he/she needs to make another Doc appointment, pay the co-pay or deductible, just to tell the physician that the staff is rude? That is the tricky part ri...
by bogleviewer
Thu Jan 19, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5267

Medical Billing Disagreement - Stark Law

I am in a disagreement situation with a medical provider and need some outside opinions. Without going into details, I disagree with a doctor in billing for a "surgery" when we went in for an office visit. The super high level is that we went in for an office visit, the doctor applied some...
by bogleviewer
Thu Jan 05, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Private Foundation and volunteer time and travel expense
Replies: 0
Views: 125

Private Foundation and volunteer time and travel expense

Can a director or someone on the board expense out travel to reach a location to volunteer for another non-profit? This is in regards to a private, non operating foundation (commonly known as a grant making private foundation). From the IRS website and resources from searching online I can't seem to...
by bogleviewer
Thu Jan 05, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance payout legal language
Replies: 7
Views: 941

Re: Insurance payout legal language

Any other feedback?

This is a commercial building wind storm damage claim.
by bogleviewer
Wed Jan 04, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance payout legal language
Replies: 7
Views: 941

Insurance payout legal language

I am helping a family member with a "release" document from an insurance company to release them (the insurance company) of all claims from my family member; the release also states a dollar figure they are giving to the family member for the family member to sign the release. In the relea...
by bogleviewer
Sat Dec 24, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Donating Appreciated Stock (securities)
Replies: 7
Views: 573

Donating Appreciated Stock (securities)

I've changed out the numbers but dates and general concept is there. On 9/28/2015 I purchased 1000 shares @ $100. Total cost of transaction: $100,000 On 12/11/2015 I purchased 250 shares @ $125. Total cost of transaction: $31,250 On 1/15/2016 I purchased 100 shares @ 100. Total cost of transaction: ...
by bogleviewer
Mon Jun 27, 2016 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: New Bank Account for Rental?
Replies: 10
Views: 1035

Re: New Bank Account for Rental?

I think i'll use a stagnant account. I have too many bank accounts as it is chasing rewards, moving, etc and I keep them open because I figured there is nothing to gain by closing them. I won't get a "rental only" credit card because I only see once or twice a year a series of charges and ...
by bogleviewer
Thu Jun 23, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: New Bank Account for Rental?
Replies: 10
Views: 1035

New Bank Account for Rental?

Bought a different house that will be moving into. Going to rent out the current home. For those of you in the similar boat, did you open up a new bank account for the security deposit and/or the rental monthly payments? I'm not in the rental business and i'm not planning on collecting funds as a bu...
by bogleviewer
Wed Jun 01, 2016 6:30 pm
Forum: Personal Consumer Issues
Topic: Entertainment Center (location for TV)
Replies: 10
Views: 679

Re: Entertainment Center (location for TV)

I'm not opposed to having it on the wall.... in fact I would prefer it. However, it would be the main TV with bluray player, receiver, amp, sub-woofer, etc. How do people organize these other gadgets when the TV is wall mounted?
by bogleviewer
Wed Jun 01, 2016 5:55 pm
Forum: Personal Consumer Issues
Topic: Entertainment Center (location for TV)
Replies: 10
Views: 679

Entertainment Center (location for TV)

Where do you guys go to look at or order an entertainment center? We are looking at purchasing a 75" screen for a large room and so I have specific dimensions that the TV has to fit in. Most of the stuff i've seen doesn't have an opening nearly as large as I need for that size screen. Do you ju...
by bogleviewer
Mon May 23, 2016 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: HSA and the 5498-SA form
Replies: 3
Views: 445

Re: HSA and the 5498-SA form

Thanks Spirit Rider... when I went to the IRS website it had instructions for 2016 by default and I had ot do some digging to pull up[ 2015 instructions because 2015 instructions, believe it or not, are not the same as 2014 or 2016 instructions.
by bogleviewer
Mon May 23, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: HSA and the 5498-SA form
Replies: 3
Views: 445

HSA and the 5498-SA form

I contributed before April 15th 2015 for the 2014 contribution. I also contributed my 2015 contribution after April 15th 2015 but before Dec 31st 2015. I got a HSA 5498-SA form saying that total contributions for 2015 was that pre April 15th 2015 contribution and the post April 15th 2015 contributio...
by bogleviewer
Wed May 18, 2016 8:57 pm
Forum: Personal Consumer Issues
Topic: Dark wood tile floors (not real wood)
Replies: 10
Views: 1484

Re: Dark wood tile floors (not real wood)

Anyone else have some feedback?

For those of you have responded, any pics of your floor? :)
by bogleviewer
Wed May 18, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Dark wood tile floors (not real wood)
Replies: 10
Views: 1484

Dark wood tile floors (not real wood)

Does anyone have wood tile floors, specifically dark hard wood tile. I'm not talking about real wood, but porcelain wood look/feel tile. I ask because a buddy of mine said that he had REAL dark hard wood floors in one of his homes and it was a nightmare for cleaning. He said that every spec of dust ...
by bogleviewer
Tue May 03, 2016 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Valuable Stock to Charity
Replies: 9
Views: 972

Re: Gifting Valuable Stock to Charity

Blast, seems as though as long as it is short term then the most you can deduct is your basis in the stock. So in this case, if I donated it as it (as a short term gain which would be to my ordinary income tax rate) then I would only get $10,000 deduction instead of the $20,000 even though it has a ...
by bogleviewer
Tue May 03, 2016 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Valuable Stock to Charity
Replies: 9
Views: 972

Gifting Valuable Stock to Charity

I am all index, except for one little stock of which it has doubled in value in the past few months. I don't want to hold it for longer than a year and I don't want to pay 50% income tax on it so I figured I could probably gift it to charity, not claim the income but then get dollar for dollar chari...
by bogleviewer
Tue May 03, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: What Rate for Excellent Mortgage Lock
Replies: 7
Views: 695

Re: What Rate for Excellent Mortgage Lock

You can still get PenFEd 30 year at 3.375 with 1.375 points and about every other week they drop it to 3.25% for a couple of days. You might number crunch that one. My rate sheet for my lock has 3.25% costing less than 1.00 point. So total discount fees is roughly $4500. So what I already have lock...
by bogleviewer
Tue May 03, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: What Rate for Excellent Mortgage Lock
Replies: 7
Views: 695

What Rate for Excellent Mortgage Lock

Fellow Boglehead's, I am purchasing a home. The total loan costs EXCLUDING the credit/discount for the rate is $2,500 which includes all title work, appraisal, recording fees, etc. I am locked on a conventional non-jumbo conforming loan ($417,000) with no mortgage insurance. Below are the options I ...
by bogleviewer
Thu Apr 14, 2016 6:35 pm
Forum: Personal Consumer Issues
Topic: Air conditioning tech during inspection period
Replies: 6
Views: 993

Air conditioning tech during inspection period

Buying a house that has 3 air conditioner units. Just spent $650 on an inspection that was very helpful. He documented that each air conditioner did what it should in terms of cooling, one heat pump didn't seem to work and that was about it. He doesn't do anything else. I was thinking about getting ...
by bogleviewer
Mon Apr 04, 2016 5:53 pm
Forum: Personal Consumer Issues
Topic: Office Phone Cord always bunched up
Replies: 13
Views: 1181

Office Phone Cord always bunched up

The stuff you ask on Bogleheads Forum! My office phone handset cord is ALWAYS bunched up. It is like 6 feet long and I have stood on my chair, holding it from the center, and let the handset do circles and circles and circles to unwind. Then it is a nice cord that doesn't bunch up....... for about 2...
by bogleviewer
Sun Apr 03, 2016 11:12 am
Forum: Personal Consumer Issues
Topic: Custom House Cost
Replies: 22
Views: 3125

Re: Custom House Cost

Cost, not how much a builder will charge. A custom home builder certainly needs to have a healthy margin which I would imagine is anywhere between 10 to 30 percent. I find it funny that specifying Wolfe or sub zero appliances somehow equates to a signicantly higher cost per sq when those items are o...
by bogleviewer
Sat Apr 02, 2016 6:32 pm
Forum: Personal Consumer Issues
Topic: Custom House Cost
Replies: 22
Views: 3125

Custom House Cost

I'm not looking for answers of "go talk to an architect/builder". I'm looking for extremely preliminary information on GENERAL custom home building costs. I'm looking for building costs, not total cost (including the lot). I've had this discussion with a few friends (only one of which has ...
by bogleviewer
Sat Apr 02, 2016 9:39 am
Forum: Investing - Theory, News & General
Topic: Dissapointed in Penfed: will nickle and dime you
Replies: 7
Views: 1573

Re: Dissapointed in Penfed: will nickle and dime you

You are not entitled to interest on the day that they paid you. You are however entitled to interest on the day you paid them.

If a few bucks is enough for you to not patronize them then I am sure there are plenty of others that will gladly take your business.
by bogleviewer
Wed Mar 30, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: finding a competent CPA
Replies: 4
Views: 634

Re: finding a competent CPA

Good luck. I've been through three CPA's in the last 10 years. Without fail, every year, on the "final return" for me to review I find amateur mistakes. The worst, by far, was a "DC first time home buyer credit" back in like 2008/2009 when I didn't live in DC and had the first ti...
by bogleviewer
Wed Mar 30, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate License for your own personal RE
Replies: 15
Views: 1602

Re: Real Estate License for your own personal RE

I see that it is very state specific. In terms of the seller paying commissions: yes, this is true, but if I represent myself as an agent then I get the buyer's agent commission. I believe there are firms where the broker won't take a large percentage but rather a flat fee such as $1000 or $500 or s...
by bogleviewer
Tue Mar 29, 2016 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate License for your own personal RE
Replies: 15
Views: 1602

Re: Real Estate License for your own personal RE

You don't need an agent to buy or sell a house and if you are buying from someone who has an agent that person will get commission from the seller regardless. Presumably that is priced into the house so you can't really get away from that part. If I am the real estate agent, then I get the commissi...
by bogleviewer
Tue Mar 29, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate License for your own personal RE
Replies: 15
Views: 1602

Real Estate License for your own personal RE

At first glance, it seems as though if you have a pulse you can get a real estate license. A little education, a test, and boom you have the license. Have any of you secured your real estate license for your own personal real estate (RE) purchases and sells? If I look to purchase a $1,000,000 proper...
by bogleviewer
Sun Mar 06, 2016 7:14 pm
Forum: Personal Consumer Issues
Topic: Bread - The Cost and Convenience
Replies: 94
Views: 10481

Bread - The Cost and Convenience

I am always amazed at how expensive quality bread is at the grocery store. A good quality loaf is $5. The only way I can reconcile that this is justifiable by the breadmakers/grocers is that people pay it. I know my family does. What is in bread? Water, flour, yeast, salt and a some seeds? Is bread ...
by bogleviewer
Sun Mar 06, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pregnancy as an exclusion with insurance.... doh!
Replies: 11
Views: 1588

Pregnancy as an exclusion with insurance.... doh!

My wife is pregnant (yay!) and is about 16 weeks along or so. We went to an OB appointment with an ultrasound about a month ago and all was looking good. We are on a high deductible HSA plan that pays 100% after the in-network deductible is met that was my individual policy from 2012. I started brus...

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