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Showing content with the highest reputation on 06/16/2023 in all areas

  1. I have always resented that term. Living in an all-male household, I definitely do not want to be grouped with those who eat over the sink and consider armpit noises hysterical. I chose my pronouns long before it was the thing to do.
    4 points
  2. In addition to the big 3 agencies, you should also do freezes for: ChexSystems Innovis NCTUE I also have in IRS IP PIN. I got one as soon as they made them available for anyone who wanted one.
    2 points
  3. This morning I froze my credit on the 3 agencies and secured an IP PIN from IRS
    2 points
  4. Even on a couple who are still married, and still filing joint, I have had problems with this. If spouse makes the estimates using their IRS account, the estimates are credit to their social security number and may not be credited on the joint return. What a broken system!
    2 points
  5. Yes, Drake also has a worksheet for that which I filled out and attached, which the IRS ignored!
    2 points
  6. Stocks are intangibles and intangibles are not "goods."
    2 points
  7. A "you-all" is a trailer Californians haul their stuff to Texas and Florida in. Y'all is how you spell and say the word ..... Look at me, a Texan for less than 2 years and schoolin' y'all on y'all's grammer. Tom Longview, TX
    1 point
  8. I am of the belief we must assume everything is public, either already, or soon, so things like freezes should always be in place. Privacy is a fallacy, unless you live alone in a room with no windows, no internet connection, and no phone.
    1 point
  9. I had this come up twice in the past. Absent any agreement among the parties to deal with the difference away from the IRS coffers (which would be much easier), the IRS has a method whereby they can allocate payments. Calculate the AGI separately, using a 50-50% split on joint income such as bank interest Then calculate the tax liability separately, using Married and Separate tax rates. (The result should be higher than taxes calculated any other way). Note the percentage allocation between spouses. Apply credits which appertain to each partner. For joint credits, split them in proportion to the percentages described above. Apply "other taxes" which appertain to each partner. To be honest, I don't know how to allocate the NIIT. Using the tax liability calculated normally (Single, HH whatever), factor these tax liabilities in proportion to the separately calculated liabilities from 1-4 above. Apply payments to the source from which they came. For joint estimated payments, split them in the same proportion as discussed above. I'm not the best in putting forth things into words. Better in Math than in syntax.
    1 point
  10. Mind boggling. (my credit accounts have been frozen since the equifax hack)
    1 point
  11. Double check that the Schedule SE has been in her SSN. Other than that I don't think it is an issue. Tom Longview, TX
    1 point
  12. "DEAR ANNIE: I’m feeling torn between pursuing my dream and maintaining my financial stability. I have a job as an accountant making six figures, but it’s boring work -- so boring that I dread getting out of bed every morning. The days go by slowly, and I find myself living for the weekend." You don't usually see accounting mentioned in advice columns
    1 point
  13. As I'm fond of saying, we account for what actually happened, not what someone hoped had happened. There is zero basis for capitalizing past due real estate taxes in this situation.
    1 point
  14. Ah, Mr. Google does know almost all. Judy has the gift of the proper wording or using the right key strokes in the search box. She's found stuff for me in the past that I searched for hours trying to find. She's either got that Midas touch or I'm too dumb to ask exactly what I'm searching for
    1 point
  15. I think it is the same year - they want to show that they made millions and yet they want to pay -0- in income tax. They are convinced that is what rich people do and if we were just "good" enough at our jobs to find them those same loopholes, they could make money without paying taxes.
    1 point
  16. Financial planning projections are silly but they are even more silly if you don't understand the assumptions and how they impact the final numbers. In 1999 our planning software used expected market returns for the next 10 years to be 15% per year and was told regulators prohibited me from lowering that number. nasra.org is all public pension funds and they give what their expected portfolio rate of return is going forward - the average now is the lowest I've seen it and it's just 6.92%. They slowly (very slowly) dropped their returns during 0% interest rates so I'm guessing we are near a low.
    1 point
  17. Wow now the Louisiana DMV has been hacked "A statement on Thursday from the governor of Louisiana, John Bel Edwards, said that his staff believes everyone with a driver’s license, identification card or car registration issued by the state of more than 4.6 million residents probably had their names, addresses and social security numbers exposed to the hackers. Other personal information to which the cyber-attackers apparently had access were Louisianans’ driver’s license numbers, vehicle registration data, handicap placard information, birthdates, heights and eye colors, Edwards’s statement said. The number of records involved is thought to be about 6 million, Louisiana’s homeland security and emergency preparedness director, Casey Tingle, told reporters Friday."
    0 points
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