Search found 5405 matches

by HueyLD
Tue Feb 20, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and late life marriage
Replies: 9
Views: 717

Re: Social Security and late life marriage

I had never seen reference to the 9 (or 12) month requirement. Larry Kotlikoff: "If you are married for just nine months, your new spouse can qualify for survivor benefits. And you only need to be married for one year to permit your new spouse to qualify for spousal benefits. So I'm confused, is it...
by HueyLD
Tue Feb 20, 2018 7:35 am
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 45
Views: 4892

Re: Savings Bond Wizard to be eliminated 5/18

(1). Enter the required data

(2). Click on “calculate” button

(3). You will see your entry detail below

(4). Repeat the steps (1)-(2) for each bond

(5). Done
by HueyLD
Mon Feb 19, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Non Resident to Resident Alien Tax. BH VS CPA
Replies: 5
Views: 219

Re: Non Resident to Resident Alien Tax. BH VS CPA

Very good. Congrats on your marriage.
by HueyLD
Mon Feb 19, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Another Form 1040 Line 21 Other Income question
Replies: 10
Views: 619

Re: Another Form 1040 Line 21 Other Income question

Jury pay is not considered earned income to my knowledge. And such pay, if one receives a tax form, is usually reported on 1099-MISC. However, I have started to see jury pay being reported on W-2's and I guess such payments can be considered earned income because income taxes, social security tax an...
by HueyLD
Mon Feb 19, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Non Resident to Resident Alien Tax. BH VS CPA
Replies: 5
Views: 219

Re: Non Resident to Resident Alien Tax. BH VS CPA

Are you still a student? You may continue to qualify for student FICA exception under the same rules applicable to U.S. Citizen students.
by HueyLD
Mon Feb 19, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Another Form 1040 Line 21 Other Income question
Replies: 10
Views: 619

Re: Another Form 1040 Line 21 Other Income question

Unless you have taxable (non excluded) foreign earned income reported in line 21, I don't see how you can use line 21 amount as a basis for IRA contribution.
by HueyLD
Mon Feb 19, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Non Resident to Resident Alien Tax. BH VS CPA
Replies: 5
Views: 219

Re: Non Resident to Resident Alien Tax. BH VS CPA

You said you decided to be taxed as a resident alien. Is there a choice on your side? Why do you think that you even have a choice on this matter?

Are you still on F-1 visa but have been in this country for over five years? Or are you on a different like a H-1B this year?
by HueyLD
Mon Feb 19, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Downloading VG Brokerage to TT
Replies: 6
Views: 310

Re: Downloading VG Brokerage to TT

Alvin,

Are the amounts correct on the actual 1099's? In other words, did the errors occur in the downloading process?
by HueyLD
Mon Feb 19, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3232

Re: I think we can swing this! ($1M retirement home)

Sorry to have misunderstood your "new" home. I guess it is not spanking new. However, I have noticed a few of my (retiree) neighbors who moved into 5-10 year old "new homes" and ended up spending a fortune on "remodeling and upgrades." Based on what the OP presented, he can afford this new house and...
by HueyLD
Mon Feb 19, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Email from IRS this morning- is my information compromised?
Replies: 21
Views: 2071

Re: Email from IRS this morning- is my information compromised?

People are dismissing it as spam too quickly. Yes, the IRS will never notify you about your taxes via email. But if you have an online services account, then of course they will email you for any blocked attempts. No guarantee it is legit, but unless proven otherwise, it probably is. The standard r...
by HueyLD
Mon Feb 19, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3232

Re: I think we can swing this! ($1M retirement home)

Did you incorporate additional costs associated with a newly constructed home? You will need, at a minimum: (1). New window covering that could cost many thousands depending on the number and sizes of windows and the types of window covering you choose. (2). Possible new appliances to match your new...
by HueyLD
Mon Feb 19, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 126
Views: 6960

Re: Do you wear a wedding band? [at a job interview]

For the types of jobs I'm likely to interview for, my resume/CV says more about my commitment and reliability than my marital status does. Well, it depends. A wedding band may or may not be an asset. A female friend of mine shared her wedding band story with me as follows: (1). She was applying for...
by HueyLD
Sun Feb 18, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Which Version of Turbotax?
Replies: 1
Views: 189

Re: Which Version of Turbotax?

Online or desktop/download? https://turbotax.intuit.com/personal-taxes/compare/online/ https://turbotax.intuit.com/personal-taxes/compare/desktop/ With online version, you may need the Self Employed version. But you only need the Basic version for the desktop/download version if you don't need much ...
by HueyLD
Sat Feb 17, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 23
Views: 1669

Re: what is marginal tax rate?

The wiki discusses Marginal Tax Rate in some detail. The definition is "the tax rate that will apply to the next marginal – or incremental – amount of income (or deductions). It is calculated by dividing the amount of additional taxes that will be due (or reduced) by the amount of income involved."...
by HueyLD
Fri Feb 16, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign Tax Credit on Iowa State Income Tax
Replies: 7
Views: 515

Re: Foreign Tax Credit on Iowa State Income Tax

The link you provided clearly indicates that FTP is treated as other state taxes paid and is deductible on IA state return to avoid double taxation.

My state has a similar credit and taking the credit is totally in compliance with the law.
by HueyLD
Thu Feb 15, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting Education Expenses between Deduction and Credit
Replies: 11
Views: 1104

Re: Splitting Education Expenses between Deduction and Credit

Yes you can as long as you don't use the same expense for both the credit and the business deduction.

Detail can be found in IRS Pub 970.
by HueyLD
Thu Feb 15, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with Schedule D
Replies: 14
Views: 683

Re: Need help with Schedule D

Based on the updated income info provided by the OP, his son is subject to the kiddie tax and it gets complicated.

Here are three links for your education.

https://taxmap.irs.gov/taxmap/pubs/p929-004.htm

https://www.irs.gov/pub/irs-pdf/f8615.pdf

https://www.irs.gov/pub/irs-pdf/i8615.pdf
by HueyLD
Thu Feb 15, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Note Purchases
Replies: 6
Views: 494

Re: Treasury Note Purchases

You need to get your order in before the auction date of 2/21.

And I think retail investors’ noncompetitive bids get filled before competitive bids submitted by institutional investors.
by HueyLD
Thu Feb 15, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: When can a married person file Single or Head of Household? [temporary absence question]
Replies: 28
Views: 1033

Re: When can a married person file Single or Head of Household? [temporary absence question]

Since no one can tell for sure how their taxes were actually filed, we can only hope that their accountant did the community property allocation worksheet because CA is the most well known community property state.

I suggest that Neuro stay out of their tax affairs.
by HueyLD
Thu Feb 15, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Need help with Schedule D
Replies: 14
Views: 683

Re: Need help with Schedule D

A potential issue that hasn't been brought up.

Is your son subject to the kiddie tax?
by HueyLD
Thu Feb 15, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Nondividend distribution, cost basis and taxes
Replies: 3
Views: 292

Re: Nondividend distribution, cost basis and taxes

It depends on the brokerage.

I know for a fact that Fidelity keeps up with such basis reduction even for non-covered stocks. However, I am not sure If Vanguard does any adjustment, covered or non-covered.
by HueyLD
Thu Feb 15, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Helping Mom with Taxes
Replies: 40
Views: 1861

Re: Helping Mom with Taxes

Sandi_k, Your mother’s K-1 is from her and her husband’s “family trust” which is also known as the B (below ground) trust and it is irrevocable because he is now deceased. Unless the income sources are simple such as interest, dividends and capital gains, you will have to do her tax returns or conti...
by HueyLD
Wed Feb 14, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Mom with Taxes
Replies: 40
Views: 1861

Re: Helping Mom with Taxes

Sandi_k, In which state does your mother live? And in which state was the revocable trust created? You identify your location in California which is a community property state. But your mother and her husband may have lived in a non-community property state with very different property rules. In a c...
by HueyLD
Wed Feb 14, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is Ally bank really this disorganized?
Replies: 13
Views: 1910

Re: Is Ally bank really this disorganized?

Ally accepts faxed documents. You should fax the trust doc and call them back afterwards.

https://www.ally.com/resources/pdf/bank ... change.pdf
by HueyLD
Wed Feb 14, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax: How Do You Re-Order Interest & Dividends?
Replies: 4
Views: 505

Re: Turbotax: How Do You Re-Order Interest & Dividends?

Thanks a lot, Ace. I learned something new today.
by HueyLD
Tue Feb 13, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Expat tax question: How to be eligible for MFJ with non-resident spouse?
Replies: 14
Views: 855

Re: Expat tax question: How to be eligible for MFJ with non-resident spouse?

Based on the US tax reforms, I'd like to be able to file MFJ with my wife, who is a non-resident alien. Currently, I file as HoH. However, we revoked the option that she would be treated as a resident for tax purposes last year. This was largely motivated by paperwork reduction, but now this decisi...
by HueyLD
Sat Feb 10, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Accredited investor resources
Replies: 23
Views: 1279

Re: Accredited investor resources

I think it is very difficult to find educational resources because such deals are private and one must be in to get the scoop. It is an acceptable strategy to invest up to 10% of your net investable assets into such private deals. But do keep in mind that you have a good chance to lose more than you...
by HueyLD
Thu Feb 08, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: POD Beneficiary ID
Replies: 9
Views: 519

Re: POD Beneficiary ID

It is the bank's own internal policy. The bank is free to have such a policy and you are free to decide if you want to do business with the said bank. If you really object to such a policy but still want to do business with the bank, write a letter to the CEO and ask for a waiver. You may or may not...
by HueyLD
Thu Feb 08, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: Comcast Modem Rental
Replies: 41
Views: 2609

Re: Comcast Modem Rental

Please note that the OP has voice service and xfinity has very few gateways that are approved for voice.

There are basically three kinds of such gateways and the cost is north of $200.

FWIW! A Comcast gateway combines modem and router and there is no need for a separate router.
by HueyLD
Thu Feb 08, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: giving Social security number to money transfer companies
Replies: 7
Views: 563

Re: giving Social security number to money transfer companies

Zoom is owned by PayPal and appears to have a good reputation.

I guess you may just have to give them your SSN in order to send the amount of money you want.
by HueyLD
Wed Feb 07, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Costco CC extended warranty, do I need to keep the card?
Replies: 4
Views: 491

Re: Costco CC extended warranty, do I need to keep the card?

Yes Citi will honor the extended warranty provided that you were a Costco member and a Citi Visa customer in good standing at the time of purchase. Here is the language: The coverage period of the services described in this Guide will be cancelled on the date your charging privileges on your card ha...
by HueyLD
Wed Feb 07, 2018 8:05 am
Forum: Local Chapters and Bogleheads Community
Topic: New Bogleheads Local Chapter in Little Rock, AR
Replies: 25
Views: 1744

Re: Any Bogleheads in Little Rock, AR?

snitterkitty wrote:
Wed Feb 07, 2018 2:04 am
I work in LR, live near Malvern.
That’s quite a commute. I imagine you put on more than 100k miles per year on your car or truck.
by HueyLD
Tue Feb 06, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement question
Replies: 7
Views: 671

Re: Railroad Retirement question

To the OP,

Read this link directly from the source. You can find answers to your questions.

https://www.rrb.gov/NewsRoom/NewsReleas ... 20Benefits
by HueyLD
Thu Feb 01, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: "I Volunteered for the Hospital Board and was Sued for Millions."
Replies: 44
Views: 10318

Re: "I Volunteered for the Hospital Board and was Sued for Millions."

My insurance company refused to renew my blanket coverage because I was serving on a City board a few years ago. I still remember some of the questions the insurance agent asked in conjunction with my application for an umbrella policy: (1). Do you serve on the Board of any company, including both ...
by HueyLD
Thu Feb 01, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: "I Volunteered for the Hospital Board and was Sued for Millions."
Replies: 44
Views: 10318

Re: "I Volunteered for the Hospital Board and was Sued for Millions."

The Volunteer Protection Act does not mean that volunteers will be immune from lawsuits. Lawyers will continue to sue volunteers, by alleging negligence, acts outside the scope of the volunteers’ responsibility, etc. Even if the lawsuit against a volunteer is dismissed, the volunteer may incur lots ...
by HueyLD
Thu Feb 01, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: WSJ: Advisers at Schwab, Fidelity, and TD Pushing Products
Replies: 12
Views: 1417

Re: WSJ: Advisers at Schwab, Fidelity, and TD Pushing Products

Even Vanguard pushes products to some extent.

For example, they want you to invest in their international bond funds and encourage you to have VPAS manage your investments.
by HueyLD
Thu Feb 01, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: WSJ: Advisers at Schwab, Fidelity, and TD Pushing Products
Replies: 12
Views: 1417

Re: WSJ: Advisers at Schwab, Fidelity, and TD Pushing Products

...Even Bogleheads do not give impartial advice... No, but the bias is right there in the banner, and with me and most of us the source of bias is ego rather than personal profit. There are obvious systematic institutional biases. What is probably worse than brand bias is just the "tool bias." Mutu...
by HueyLD
Tue Jan 30, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Direct download of tax forms from Vanguard to Turbo Tax
Replies: 11
Views: 1065

Re: Direct download of tax forms from Vanguard to Turbo Tax

For this year, arrange to owe the IRS $999 so that you don't have to wait for the refund and they can wait for your payment on 4/15/2019.
by HueyLD
Tue Jan 30, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Direct download of tax forms from Vanguard to Turbo Tax
Replies: 11
Views: 1065

Re: Direct download of tax forms from Vanguard to Turbo Tax

livesoft wrote:
Tue Jan 30, 2018 1:59 pm
Both sides of the import have to have it working.

I have to ask: Did you try it? :)
Yes, worked as advertised for mutual fund only accounts.
by HueyLD
Tue Jan 30, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Direct download of tax forms from Vanguard to Turbo Tax
Replies: 11
Views: 1065

Re: Direct download of tax forms from Vanguard to Turbo Tax

Log into your account and the tax forms should be there.
by HueyLD
Tue Jan 30, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Direct download of tax forms from Vanguard to Turbo Tax
Replies: 11
Views: 1065

Re: Direct download of tax forms from Vanguard to Turbo Tax

Mutual fund only or the new and improved brokerage account?
by HueyLD
Tue Jan 30, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone negotiated a medical bill to see a specialist?
Replies: 19
Views: 1520

Re: Has anyone negotiated a medical bill to see a specialist?

Maybe the specialist is out of the network?
by HueyLD
Tue Jan 30, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: New employee to State of California CalPERS
Replies: 7
Views: 747

Re: New employee to State of California CalPERS

"Alternate Retirement Program Closed to New State Employees Alternate Retirement Program (ARP) coverage applied to new state miscellaneous and industrial employees hired between August 11, 2004, and June 30, 2013, and lasted for 24 months from the date the employee rst quali ed for CalPERS membershi...
by HueyLD
Tue Jan 30, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Note Purchases
Replies: 6
Views: 494

Re: Treasury Note Purchases

I think the OP should skip the TD and go with Vanguard. It is easier dealing with a brokerage than the TD.

TD is fine with I bonds because one cannot buy I bonds anywhere else.
by HueyLD
Mon Jan 29, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Trust account at Vanguard with 2 trustees with separate logins
Replies: 15
Views: 1161

Re: Trust account at Vanguard with 2 trustees with separate logins

Celia, You may want to review your joint trust document and hopeful find verbiage similar to the following. The joint trust can accept properties in more than one designation. The designations can include tenancy in common properties, community and quasi-community properties, and separate properties...