Search found 2745 matches

by tomd37
Mon May 21, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Check Letter / Notice from IRS Online
Replies: 5
Views: 308

Re: Check Letter / Notice from IRS Online

Letters from the IRS pertaining to a tax return usually allow a response time of 30 days. Now is the time letters (e.g. CP2000) are coming out concerning the 2016 tax returns. You have time by waiting until you get home in a week.
by tomd37
Fri May 11, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Subcompact SUVs/Sedans with Adjustable Pedals Question
Replies: 12
Views: 631

Re: Subcompact SUVs/Sedans with Adjustable Pedals Question

It has been many years (probably more than twenty) since I have seen cars offered with adjustable pedals. But to my best recollection they were offered back in the 1990s as an option.
by tomd37
Thu May 10, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refund but I Paid??
Replies: 6
Views: 890

Re: Refund but I Paid??

My understanding of other people's experiences is that the check usually shows up first and an explanation letter about two weeks later. Never personally had any experience in this matter.
by tomd37
Thu May 10, 2018 10:52 am
Forum: Forum Issues and Administration
Topic: Editing Subject Line
Replies: 4
Views: 384

Re: Editing Subject Line

The reason I ask is there is a post on another forum here that says "Gold Ball" when it should read "Golf Ball" and the poster has not edited the subject line.
by tomd37
Thu May 10, 2018 10:42 am
Forum: Forum Issues and Administration
Topic: Editing Subject Line
Replies: 4
Views: 384

Editing Subject Line

I know a poster can edit the text of a post. Can the poster edit the subject line of a post?
by tomd37
Sat May 05, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: New Car Purchase
Replies: 11
Views: 1563

Re: New Car Purchase

Alexa9 - Lexus ES350 non-hybrid.
by tomd37
Sat May 05, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: New Car Purchase
Replies: 11
Views: 1563

New Car Purchase

As a result of a recent accident it now appears that the cost of repairs to our 2017 car may going to be so much that our insurance company may want to declare the car as a total loss. The car was only fourteen months old and was just turning 4,000 miles, but the damage was extensive including damag...
by tomd37
Sat May 05, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 5018

Re: What do you pay baby sitters?

Now I am beginning to think about what it might cost me to get people to "baby sit" me as I grow older! :shock: If you are a child of eight or a old person at eighty the price seems to presently be $20 per hour.
by tomd37
Sat May 05, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 5018

Re: What do you pay baby sitters?

I have to laugh about this subject. I am 80 and when I cared for children in the early 1950s I charged twenty-five cents per hour (and for three kids) and those parents balked when I raised the price to thirty-five cents per hour. :annoyed
by tomd37
Tue May 01, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Navy Federal CU Special Certificate Offerings
Replies: 2
Views: 695

Navy Federal CU Special Certificate Offerings

NFCU has announced some new special offerings in their Certificates program with some limitations. The offerings are in their Share/IRA/ESA programs. The offerings are a 18-month 2.25% APY certificate and a 60-month 3.00% APY certificate. Minimum purchase amounts for both are $1,000, $10,000, $20,00...
by tomd37
Sun Apr 29, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet & Sink recommendations?
Replies: 56
Views: 4996

Re: Kitchen Faucet & Sink recommendations?

BW1985 - We did a major renovation to our home in 2011 and replaced all the plumbing fixtures throughout the home. Our general contractor recommended Kohler or Moen fixtures. Depending on the location we used both, but used Kohler pull-out fixtures for the kitchen and laundry room sinks. Both were i...
by tomd37
Wed Apr 25, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9159

Re: How did you tell the boss you're leaving/retiring?

I retired in August 2002 three months short of reaching age 65. I made my final retirement decision in May and posed it to my boss one month in advance of my proposed retirement date. They asked me if I would stay on an additional two months and I agreed. They were happy and I was happy. :D
by tomd37
Wed Apr 25, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: 40/60 Balanced Index ?
Replies: 10
Views: 1239

40/60 Balanced Index ?

I know Vanguard offers a 60/40 balanced index fund and I am wondering if they offer a similar type 40/60 fund. As I start to work my way up the eighties ladder I would like to simplify things for my wife when I am gone and find one fund similar to the Balanced Index Fund (VBIAX) but with a 40/60 sto...
by tomd37
Tue Apr 24, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Stock
Replies: 7
Views: 299

Re: Gifting Stock

:oops: Pay attention to details stated Tom!
by tomd37
Tue Apr 24, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Stock
Replies: 7
Views: 299

Re: Gifting Stock

Where did I go wrong? I thought if you gifted a person a stock you also gifted them the basis in that stock. I was under the impression if the recipient took the stock and sold it his gain would be taxable. Please help me understand the rules here.
by tomd37
Tue Apr 24, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: 1098T [IRS Form 1098-T, Tuition Statement]
Replies: 10
Views: 530

Re: 1098T [IRS Form 1098-T, Tuition Statement]

Totally agree with Mlipps post above. Form 1098-T has a historical record over many years as frequently being incorrect, although improving in more recent years. VITA and TCE tax preparation programs suggest the presentation of and use of supporting "summary of accounts" from the educational institu...
by tomd37
Mon Apr 23, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: 1098T [IRS Form 1098-T, Tuition Statement]
Replies: 10
Views: 530

Re: 1098T

I think she should be claiming the Lifetime Learning Credit utilizing Form 8863 and she should be claiming as expenses only the amount she actually paid the qualified institution in 2017. That amount should be available from her financial account with the institution. As to box 5 amount that is rese...
by tomd37
Mon Apr 23, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: [How do I send my Qualified Charitable Distribution to a charity]?
Replies: 12
Views: 543

Re: [How do I send my Qualified Charitable Distribution to a charity]?

Sorry, lost my response to Engineer. Most tax software programs will ask questions about 1099-R distributions and if you answer those questions correctly the total distribution will reflect on line 15a and the taxable amount on line 15b with the abbreviation QCD just to the left of line 15b. If you ...
by tomd37
Mon Apr 23, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: [How do I send my Qualified Charitable Distribution to a charity]?
Replies: 12
Views: 543

Re: [How do I send my Qualified Charitable Distribution to a charity]?

Creeker - I have been doing QCDs for the past nine years in those years when it was available under IRS rules. I just set up a telephone appointment with my VG representative, email him a list of the nine QCD recipients and amount for each the day before the call, and then he reviews that list with ...
by tomd37
Tue Apr 17, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Roth contribution for someone who didn't file a return
Replies: 4
Views: 367

Re: Roth contribution for someone who didn't file a return

You must have earned income in order to contribute to an IRA, either traditional or Roth. Your son did have earned income in the form of the payments he received from "Ken" and that payment should be reported. Even though your son did not receive a Form 1099-MISC from Ken I believe he should report ...
by tomd37
Sat Apr 14, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 2451

Re: [Help completing the TN state tax return]

StraightEdge, Looking at my personal copy of the 2017 Guidance for Tennessee's Hall Income Tax Return I think you should be able to determine what is or is not taxable under the TN rules including for a person who moved into or out of Tennessee during the year and whose taxable interest and dividend...
by tomd37
Sun Apr 08, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Penalty for not having health insurance in 2017
Replies: 3
Views: 316

Re: Tax Penalty for not having health insurance in 2017

It still exists for tax year 2017 and also for tax year 2018 to the best of my knowledge.
by tomd37
Sun Apr 08, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about filing taxes for deceased relative
Replies: 7
Views: 549

Re: Questions about filing taxes for deceased relative

Sounds like a 2017 personal return should be filed for the MIL and if a refund was due her Form 1310 should be filed as part of that return. All can be submitted electronically I believe.
by tomd37
Fri Apr 06, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: E-File H&R
Replies: 5
Views: 253

Re: E-File H&R

If the initial return has already been submitted and accepted, would you not submit an amended return (1040X) by mail with the revised information?
by tomd37
Fri Apr 06, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC [Question on self-employment expenses]
Replies: 8
Views: 480

Re: 1099-MISC [Question on self-employment expenses]

Okay - He and the IRS have two income documents (W-2 and 1099-MISC) that have to be accounted for on the tax return. The IRS is looking for the W-2 income on line 7 and the 1099-MISC box 7 income on Schedules C and SE. The only other option might be the 1099-MISC income reported on line 21 of the 10...
by tomd37
Fri Apr 06, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC [Question on self-employment expenses]
Replies: 8
Views: 480

Re: 1099-MISC [Question on self-employment expenses]

The OP said he has a 1099-MISC from his employer in addition to the W-2 from the same employer. It appears to me the employer consider the OP as a self-employed contractor for the 1099-MISC job and therefore the OP must file a Schedule C or C-EZ along with a Schedule SE. The OP cannot take mileage f...
by tomd37
Mon Apr 02, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Corrected 1099-B
Replies: 3
Views: 219

Re: Corrected 1099-B

We are talking about an amended return (Form 1040-X) and a new Schedule D attached to it.
by tomd37
Tue Mar 27, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 12966

Re: 2018 Forester vs CRV vs RAV4

I too am anxious to see the new Forester, but doubt it will be available as early as this summer. From what I have read online it might be late this year. We will see.
by tomd37
Mon Mar 26, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: New car?
Replies: 46
Views: 3315

Re: New car?

BogleBoogie - I did not keep the receipts for gas purchases. Since 1975 upon returning to the states from an overseas tour of duty I have purchased an "At-A-Glance" auto record book for each new car purchased thereafter and recorded on a quarterly or semi-annual basis the mileage, amount of gas purc...
by tomd37
Mon Mar 26, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: Invests money, 3 days later the market tanks.
Replies: 58
Views: 7307

Re: Invests money, 3 days later the market tanks.

I wonder how jackhensy is feeling today?
by tomd37
Mon Mar 26, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Should I proactively replace my central AC unit?
Replies: 33
Views: 2429

Re: Should I proactively replace my central AC unit?

You are living on borrowed time! At that age I would very seriously consider replacing it with an appropriately sized and type of unit. HVAC dealers are not that busy yet and are offering some good deals as are the manufacturers. You will "pay through the nose" if it happens to go out in the late sp...
by tomd37
Mon Mar 26, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: New car?
Replies: 46
Views: 3315

Re: New car?

A year ago my wife finally agreed to letting go of her sixteen year old 2001 Lexus ES300 with 76,000 miles on it. It was in outstanding shape and she had four offers from the Lexus mechanics to sell it to them. I kept detailed records of every dollar spent on that car starting with its purchase, ins...
by tomd37
Sun Mar 25, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: Costco Kirkland Brand Liquor
Replies: 58
Views: 5499

Re: Costco Kirkland Brand Liquor

Without reading all the details of the 49 posts, I would ask the question is Costco selling liquor within the confines of their store (which I know it does in some states) or is it being sold by a company other than Costco but in a store adjacent or attached to the Costco building as is the case in ...
by tomd37
Fri Mar 23, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Check Endorsement
Replies: 1
Views: 247

Check Endorsement

John Doe and Mary Smith were getting married last fall. Sent a gift check made payable to both and it never cleared my bank. Sent a replacement check made payable to John Doe. Check just cleared the bank and I noticed Mary Smith wrote "or Mary Smith" after John's name and endorsed the check Mary Smi...
by tomd37
Wed Mar 21, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Delayed credit card alerts from USAA Bank
Replies: 3
Views: 322

Re: Delayed credit card alerts from USAA Bank

I have an AMEX Blue Cash Card (the original one) and a Navy Federal Credit Union VISA card. Both offer the option of email alerts based on the dollar amount I establish. Virtually in all cases I have the emails before I get home to read them. I don't have the ability to use email on my flip-phone. V...
by tomd37
Sat Mar 17, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 12966

Re: 2018 Forester vs CRV vs RAV4

Inbox788 - Thank you for the two comparison websites. I had seen the Planet Subaru site before but never the Stanley Subaru site. The latter is a very good comparison.
by tomd37
Sat Mar 17, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: Attic Ladder Installation - Whom To Call
Replies: 18
Views: 1390

Re: Attic Ladder Installation - Whom To Call

I want to amend my post adding that, as mentioned by others, it would be a very good idea to add an insulated step cover in the attic. I installed a brand called "Attic Tent" myself in a very short period of time. All you need is a heavy duty staple gun. Research the brand for details and pricing, b...
by tomd37
Sat Mar 17, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Attic Ladder Installation - Whom To Call
Replies: 18
Views: 1390

Re: Attic Ladder Installation - Whom To Call

Seven years ago we did a major renovation to the entire first floor and the two bathrooms on the second floor. During that renovation we had our contractor replace the pull down builder grade attic step system that was in poor shape. The contractor installed a much higher grade of stairs capable of ...
by tomd37
Mon Mar 12, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Took recommended W4 allowance - Still owe?
Replies: 4
Views: 763

Re: Took recommended W4 allowance - Still owe?

Your calculated results for lines 38, 40, 42, and 63 might be of help in assisting you. Any entries on lines 46 or 61 pertaining to health coverage? What is line 64 amount?
by tomd37
Sun Mar 11, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: House Hunting Concerns With Well
Replies: 41
Views: 3392

Re: House Hunting Concerns With Well

dowse - would you care to share the name of the subdivision in CH as I formerly lived there in a subdivision that had community wells serving it. Also had septic tanks there.
by tomd37
Sat Mar 10, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Server Changed TIP amount - 3rd time in a month
Replies: 50
Views: 4886

Re: Server Changed TIP amount - 3rd time in a month

I have heard of people that write the words "No Tip" on the line for the tip and then write the total amount being paid on the last line. Of course you have to keep a copy of the charge to verify.
by tomd37
Fri Mar 09, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated tax payment
Replies: 6
Views: 661

Re: Estimated tax payment

Stevedore, Are you taking RMDs? If so you might consider adjusting the federal withholding from your last RMD to withhold whatever additional amount you will need to come out even. Any federal tax withheld from an RMD is considered as withheld throughout the year. I take my RMD in November of each y...
by tomd37
Tue Mar 06, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: New tax law and QCD's - article
Replies: 18
Views: 1728

Re: New tax law and QCD's - article

I have been using the same method as Friar1610 for the past ten year years that QCDs were available through the tax laws. The check is made payable to the charity with my name and address below the name of the charity, sent to me for copying, forwarded on to the charity, and tracked for receipt of r...
by tomd37
Sun Mar 04, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Credit Card- new cash back card offer.
Replies: 11
Views: 1237

Re: USAA Credit Card- new cash back card offer.

That USAA card offer sounds just like the card offered by the Navy Federal Credit Union.
by tomd37
Sat Mar 03, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 4830

Re: Consumer Reports Auto Issue Out now

Waiting on my mail now and I am very interested in this particular issue as I am thinking of a new SUV. Only wish there was more options for a pure station wagon. Thought I might be interested in the new 2018 Buick Regal Tour X station wagon that just arrived in the showrooms, but was disappointed i...
by tomd37
Sat Mar 03, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Furnace / AC Price Options
Replies: 11
Views: 1254

Re: Furnace / AC Price Options

Not of major concern here, but please folks do not be mislead by claims of a $500 federal energy credit when buying HVAC units and other energy saving related items. Hell, even those tax extenders for tax year 2017 were not renewed until February 9th of this year and are only good for 2017 taxes. An...
by tomd37
Fri Mar 02, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: My consulting is being taxed roughly 50% this year!?
Replies: 18
Views: 3076

Re: My consulting is being taxed roughly 50% this year!?

First question I ask when seeing a couple using MFS filing status - Why :?: The next is have you considered MFJ and using Injured Spouse Form :?: If not, why not :?: Maybe you can elaborate of the MFS filing status.
by tomd37
Fri Mar 02, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why child care tax credit for double income families, but not single?
Replies: 32
Views: 3580

Re: Why child care tax credit for double income families, but not single?

Thanks. I have a hard copy right here as I don't like going online when doing T-A taxes and I keep certain Pubs and Instructions on hand. About the only one I have to use online is the 4012 with all its updates (second update in January).